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News & Analysis
Investors cheer Senate bill while WellPoint cries foul
December 23, 2009
J.K. WallExemption for not-for-profit health plans could saddle WellPoint with nearly $2 billion a year in new taxes.
MoreCollege cuts will favor some schools over others
December 23, 2009
Associated PressThe Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without
new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.
MoreFinish Line profit exceeds analyst expectations
December 22, 2009
IBJ StaffThe Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.
MoreConseco raises nearly $223 million in stock offering
December 22, 2009
IBJ StaffThe Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
MoreConnersville to borrow $3.5 million to clean up Visteon site
December 22, 2009
Kathleen McLaughlinThe city of Connersville will borrow as much as $3.5 million to clean up the former Visteon site where a startup company
wants to build police cars.
MoreJudge approves concrete price-fixing settlement
December 22, 2009
A federal judge has preliminarily approved a settlement in which a central Indiana concrete company agreed to pay $29 million
to resolve a class-action antitrust lawsuit alleging it and six other companies conspired to fix the price of ready-mixed
concrete.
MoreCity mulls proposals to 'green' municipal properties
December 22, 2009
Chris O'MalleyIndianapolis’ Office of
Sustainability has begun evaluating recommendations on ways to make 70 city-owned buildings more "green." Among
the ideas: mounting
wind turbines or solar panels at the City-County Building.
MoreUPDATE: Steak n Shake turning away from core business
December 22, 2009
Cory SchoutenThe Steak n Shake Co. is taking a dramatic turn away from its core business with a bid to purchase a Michigan insurer in a
deal valued at almost $37 million.
MoreBREAKING: Steak n Shake offers to acquire Michigan insurer
December 22, 2009
Cory SchoutenThe Steak n Shake Co. has offered to acquire all of the outstanding shares of Fremont Michigan Insuracorp Inc. in a deal
that could be worth almost $37 million.
MoreFair Finance investors file additional fraud suit
December 22, 2009
Greg AndrewsMore than three dozen residents of a northeast Ohio county who invested in Fair Finance Co. are seeking to recover more
than $2.1 million from the shuttered company.
MoreSmulyan signs new contract to lead Emmis
December 21, 2009
Anthony SchoettleJeff Smulyan agrees to terms on a new three-year contract to lead Emmis. Signing and performance bonuses could lead to big
pay raise.
MoreNature Conservancy nets another $1M for building
December 21, 2009
Kathleen McLaughlinLilly Endowment will give The Nature Conservancy in Indiana $1 million for its headquarters building, possibly reducing
the need for extensive borrowing.
MoreLilly pays $90 million for autoimmune drug
December 21, 2009
IBJ StaffBy acquiring an experimental medicine for rheumatoid arthritis, the Indianapolis-based drugmaker is increasing its focus on
autoimmune
diseases.
MoreExperts see 'great concern' over local construction outlook
December 21, 2009
Scott OlsonA symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t
hide the anxiety felt within the construction industry.
MoreRolls-Royce bags $160M military contract
December 21, 2009
IBJ StaffRolls-Royce Corp.'s Indianapolis operations will manufacture 78 turboshaft engines for U.S. Navy and Air Force helicopters
under the terms of a mammoth $160.6 million military contract.
MoreAIT shares profit with employees - again
December 21, 2009
AIT Laboratories said Monday morning it is awarding another $1 million in bonus money to employees, bringing their total take
in profit sharing this year to an impressive $3 million.
MoreLocal FedEx employees working more during holidays
December 21, 2009
IBJ Staff and Associated PressMany of the 5,000 employees at the FedEx Express hub at Indianapolis International Airport are benefiting from the holiday
shipping rush by working longer hours.
MoreRadio giant Citadel files for bankruptcy protection
December 21, 2009
IBJ Staff and Associated PressLas Vegas-based Citadel Broadcasting, which owns three radio stations in Indiana, filed for Chapter 11 bankruptcy protection
on Sunday in an effort to restructure its hefty debt load.
MoreFreight Masters files bankruptcy after losing business from Chrysler, Boeing
December 19, 2009
Chris O'MalleyThe minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
MoreFirst Indiana Future Fund off to a slow start
December 19, 2009
Peter SchnitzlerMore than half of the venture capital fund's original investors took a pass on its $58 million successor, the newly launched
INext.
MoreSetbacks in diabetes market batter Roche
December 19, 2009
J.K. WallRoche Diagnostics Corp., once the darling of the U.S. diabetes-device market, is now licking its wounds. And
it’s mulling whether to keep fighting on all fronts or to pull back.
MoreProsecutor Brizzi a big player in real estate
December 19, 2009
Cory SchoutenCarl Brizzi partnered on a bank branch, took an ownership interest in an office building and flipped condos.
MoreLegislators face unemployment insurance fund sinking into red
December 19, 2009
Peter SchnitzlerIndiana lawmakers are preparing to punt on 2009's must-solve business issue in the hope of a federal bailout. However, it's
anybody's
guess how Washington will respond.
MoreProperty tax caps stand good odds in the 2010 legislative session
December 19, 2009
Norm HeikensLawmakers are likely to pass property tax legislation, which would send it to a voter referendum in November and potentially
into the state constitution.
MoreOpera directors create $40,000 challenge grant
December 19, 2009
Kathleen McLaughlinIndianapolis Opera board Chairman Garry Fredericksen says in a recent appeal for donations that the company is in a “battle
for survival.”
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.