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News & Analysis
Conseco 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.”
MoreGiant Heartland Crossing housing development hangs on
December 19, 2009
Kathleen McLaughlinShort sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
MoreHoliday Wish List
December 19, 2009
IBJ StaffHere is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
MoreUSA Track & Field CEO doubles budget, pushes reforms
December 19, 2009
Anthony SchoettleDoug Logan is shaking up the sport and hopes to add more events, which could pay off for Indianapolis.
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I'd rather the state keep my $7 instead of sending $3 to me and $4 to some attorney.
Hey Horace, I totally support your right for freedom of religious expression as well as your right to take this class. BUT I do believe this class should be presented as part of a religion curriculum and not as a science course.
Gob Bluth
Scotty's Lakeside at Geist was SO much better than this new Detour. We enjoyed the family nights, atmosphere, food and selection of local beers at Scotty's Lakeside. The new Detour has a lower level of service and we were not impressed with the food and beer selections. Would love to have Scotty's Lakeside back!!!
I have only been to The Precedent Scotty's location, but food and service have been consistently good and they are always packed. I'd love to say 'good-bye' to Detour(big babies). Since that area is built and intended to a mix of residential and business, there should not be any kind of noise level that would disturb any of the homeowners or patrons nearby. I've been to Detour only once (all it takes for me) and the food was so-so and overpriced and the service was under-par. Keep on trucking Mr. Wise!