News & Analysis

Fed to keep interest rate near zero for 2 years

August 9, 2011
Associated Press
The Federal Reserve said Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought and faces increasing risks.
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Report: Investigators tailed Libman before resignation

August 9, 2011
J.K. Wall
A WXIN-TV Channel 59 report suggests the city of Carmel hired private investigators to tail Steven Libman, who resigned abruptly last month as CEO of the Center for the Performing Arts in Carmel.
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City considers tougher ticket-scalping regulations

August 9, 2011
Scott Olson
A proposal in front of a City-County Council committee would require ticket brokers to purchase an annual license to sell tickets within one mile of an event venue.
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Artist complains about removal of public art from Indy airport

August 9, 2011
Kathleen McLaughlin, Chris O'Malley
Local artist James Wille Faust is crying foul over a decision to replace his $150,000 work with advertising at the Indianapolis International Airport.
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Eastgate owner plots unusual office-space strategy

August 9, 2011
Cory Schouten
The owner of the former Eastgate shopping center has begun marketing a third phase of its mall overhaul: About 225,000 square feet of emergency backup office space.
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Fishers named a top suburb for retirees

August 9, 2011
 IBJ Staff
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
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Indiana part of suit against for-profit college

August 8, 2011
 IBJ Staff and Associated Press
The Obama administration and four states, including Indiana, are accusing Education Management Corp., which operates two colleges in Indianapolis, of illegally paying recruiters to enroll students in an $11 billion fraud.
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Indiana voucher program sees 2,200 students enlist

August 8, 2011
Associated Press
The Department of Education began accepting applications to its broad-sweeping new school voucher program a month ago. Since then, 2,230 students have been accepted into the program
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Indiana stocks part of massive Wall Street sell-off

August 8, 2011
 IBJ Staff and Associated Press
Stock prices hurtled lower Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt. Indiana stocks were part of the carnage.
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Indiana casinos see revenues drop, brace for rivals

August 8, 2011
Associated Press
State gaming commission records show that admissions at Indiana's 11 full casinos dropped about 3 percent through the first six months of this year when compared to 2010.
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Five individual insurers leaving Indiana

August 8, 2011
J.K. Wall
Hartford-based Aetna Inc. and Philadelphia-based Cigna Corp., the nation’s third- and fifth-largest health insurers respectively, have announced their departure from Indiana’s individual health insurance market.
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Q&A

August 8, 2011
J.K. Wall
The adult smoking rate in Indiana dropped to 21.2 percent last year, a major reduction from the 27 percent rate logged five years ago. Karla Sneegas, assistant commissioner of the State Health Department’s Tobacco Prevention and Cessation Commission, discussed the progress, as well as her agency’s efforts to help employers help their workers quit smoking.
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Health care VC slows in 2011

August 8, 2011
J.K. Wall
Four Hoosier companies attracted more than $10.5 million, down from 10 companies that attracted $18.5 million during the first half of 2010.
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Owner attempting to foreclose on Walker Theatre property

August 8, 2011
Scott Olson
Theater directors agreed to purchase the property north of the theater on contract in January 2006. Officials hoped to use the land to accommodate an expansion that never materialized.
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Rolls-Royce looks to expand test sites

August 8, 2011
Kathleen McLaughlin
Rolls-Royce Group, one of the largest employers in Indianapolis, is studying sites in the United States and Germany for new engine test sites.
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Local stocks pummeled in global sell-off

August 8, 2011
 IBJ Staff and Associated Press
Stock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard & Poor’s downgrade of U.S. debt spooked investors worldwide.
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1,300 Hoosiers eligible for United Financial restitution

August 8, 2011
 IBJ Staff and Associated Press
Indiana Attorney General Greg Zoeller said more than 1,300 Hoosiers are eligible for restitution from United Financial Systems Corp. in the wake of a court ruling against the Indianapolis-based company. The company also faces at least two class-action lawsuits.
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Slingshot SEO names tech veteran its CEO

August 8, 2011
Jay Love, who co-founded and sold software maker eTapestry for $24.8 million in 2007, will return to Indianapolis to lead the growing search engine optimization firm.
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Zimmer playing hardball with plaintiffs' lawyers

August 8, 2011
Bloomberg News
The Warsaw-based company has sued seven law firms this year and sent warning letters to at least three more, saying their ads and Internet postings distorted the safety record of its $1.8 billion-a-year knee business.
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Smarter product mix boosting BrightpointRestricted Content

August 6, 2011
Kathleen McLaughlin
Mobile-phone distributor Brightpoint Inc. is a wireless industry middleman, constantly trying to strike deals with competing manufacturers and carriers, to gain market share in distributing the world’s high-priced smartphones and tablets.
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'Buy local' law could make projects costlierRestricted Content

August 6, 2011
Francesca Jarosz
A new state law that alters the public bidding process could add complication and possibly millions of dollars to a soon-to-be-bid segment of a massive Indianapolis sewer project.
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State fair chief 'born and raised' to lead showcase eventRestricted Content

August 6, 2011
Ann Finch
Indiana State Fair Commission Executive Director Cynthia Hoye has parlayed a lifelong love affair with 4-H and fairs into a career of supporting agriculture and extension programs and finding ways to make a good fair better.
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Global micro lender Grameen ramps up in IndianapolisRestricted Content

August 6, 2011
Low-income women could receive loans in weeks.
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Indianapolis-based banks struggle to emerge from slumpRestricted Content

August 6, 2011
Francesca Jarosz
Indiana regional banks and national institutions are faring better, a possible indication that Indianapolis' economy isn't recovering as quickly as expected.
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Palladium sells well, ups ante for its competitorsRestricted Content

August 6, 2011
Kathleen McLaughlin
About 40 percent of the tickets sold during the Palladium’s first half-season went to subscribers, prompting managers to expand the series offerings for the full season that begins later this month.
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