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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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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!