News & Analysis

Steak n Shake slashes restaurant spending as CEO hoards cash

January 2, 2010
Cory Schouten
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment for existing ones. In 2009, the locally based chain spent just $5.8 million.
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Renewable power focus of utility reform in 2010 LegislatureRestricted Content

January 2, 2010
Chris O'Malley
The Hoosier Environmental Council and Citizens Action Coalition see an expansion of the state’s “net metering” policy as achievable during the short legislative session that starts Jan. 5.
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Health care software firm RealMed regains momentum

January 2, 2010
Peter Schnitzler
RealMed enjoys a nearly 99-percent renewal rate among its current customers and attracted 4,000 new doctors in 2009. Employment at the company is rising after a steady decline.
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Fairgrounds' digital billboard is exception to county banRestricted Content

January 2, 2010
Cory Schouten
Clear Channel Outdoor is building Marion County’s first full-size digital billboard along Fall Creek Parkway on the grounds of the Indiana State Fair. The first message might as well be: Take that, Indianapolis!
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Indiana pushes firms toward electric vehicles, but has few of its ownRestricted Content

January 2, 2010
Chris O'Malley
State government hasn’t put much money toward becoming a leader among states integrating hybrids into their massive vehicle fleets.
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School foundations step up to pay for programs as funding dries upRestricted Content

January 2, 2010
Kathleen McLaughlin
The Washington Township Schools Foundation on the north side is among those that wants to raise money for buildings and other high-cost needs.
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Grass-roots groups prepare to fill gaps in health care reform

January 2, 2010
J.K. Wall
Legislation set to come out of Washington will not change the most fundamental problems of the health care system, leaving it up to states, cities and companies to figure out what to do about it.
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Indiana lawmakers looking for cheap ways to impress

January 1, 2010
Associated Press
In an election year with a big reward—the potential to redraw political maps for the next decade—lawmakers are looking to impress voters.
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Real estate lawsuit pits Situs vs. Situs

December 31, 2009
Peter Schnitzler
Texas real estate consultancy sues local brokerage over rights to name they both share.
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Skillman grows with Reeves acquisition

December 31, 2009
Chris O'Malley
Ray Skillman's purchase of Reeves Buick Pontiac means more shuffling of area dealerships.
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Ruth Lilly remembered for 'selfless' giving

December 31, 2009
Andrea Muirragui Davis
Lilly, 94, who died Wednesday, gave away hundreds of millions of dollars of her fortune during her lifetime.
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Indiana nears 1M mark in swine-flu vaccinations

December 31, 2009
Associated Press
So far this year, 35 people have died in Indiana from swine flu.
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Eli Lilly and Co. heiress Ruth Lilly dies at 94

December 31, 2009
Associated Press
Over the course of her life, the last surviving great-grandchild of pharmaceutical magnate Eli Lilly gave away much of her inheritance.
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Irsay calls decision a 'close call,' but 'courageous'

December 30, 2009
Anthony Schoettle
Indianapolis Colts team owner says he doesn't expect fan backlash over pulling starters in loss to last long.
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St. Francis sues OrthoIndy over new surgery center

December 30, 2009
Peter Schnitzler
Legal complaint alleges new $20 million facility in Greenwood breaches partnership deal struck in 2001.
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Would-be buyer: Durham double-dipped on Duesenberg deal

December 30, 2009
Andrea Muirragui Davis
Tim Durham struck a deal to sell a vintage Duesenberg for $1 million before auctioning off the same vehicle for $2.9 million, according to the small-town Michigan mayor who said he agreed to buy it.
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Upgrade money for former coke plant goes to community projects

December 30, 2009
Staff Report
Citizens Energy Group is redirecting to community groups more than $413,000 that it was to spend on environmental upgrade projects at its former coke oven facility in Indianapolis, which closed in 2007.
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Assessor predicts 2010 property tax bills will be on time

December 30, 2009
Peter Schnitzler
Indianapolis property tax bills, paid in two installments due in May and November, should be sent without delay for the first year since 2006.
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Mark Patrick hired by WNDE to replace JMV

December 29, 2009
Anthony Schoettle
Mark Patrick has been hired to replace JMV as the afternoon drive-time host on sports-talk station WNDE-AM 1260, heating up the battle with cross-town rival WFNI-AM 1070.
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Radio station WNTR-FM launches interactive format

December 29, 2009
Anthony Schoettle
WNTR-FM 107.9 has scrapped "The Track" format and tries new approach with an emphasis on listener requests.
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PNC battling to keep NatCity's private banking business

December 29, 2009
Scott Olson
PNC Financial is still digesting its $5.6 billion acquisition of National City Corp., but a quiet fight almost certainly is under way over its lucrative private banking clients.
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Stifel, Rokita reach settlement in auction-rate securities case

December 28, 2009
Peter Schnitzler
Agreement accelerates Stifel's repayment of $54 million in auction-rate securities sold to 142 Hoosier investors.
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Location, personal touch drive tasting room growth

December 28, 2009
Andrea Muirragui Davis
Upland Brewing Co. and Chateau Thomas Winery are broadening their use of tasting rooms, opening outlets far from their production facilities in hopes of attracting new customers.
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Estate tax confusion leaving family businesses in limboRestricted Content

December 26, 2009
Peter Schnitzler
Federal estate taxes are set to expire next year, but increase in 2011. Confusion is leaving family businesses like Greenwood-based Byrd Enterprises in limbo. Vice President Jonathan Byrd II is still sorting through the aftermath of his father's August death.
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Fair Finance's past gave investors, regulators false comfort

December 26, 2009
Greg Andrews
The Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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