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News & Analysis
SBA loan approvals - October 2009
November 28, 2009
IBJ StaffSBA loan approvals for the Indianapolis area for October 2009.
MoreEPA: IPL electric plant upgrades were deficient
November 28, 2009
Chris O'MalleyIndianapolis Power & Light faces potential fines and capital expenditures after allegedly updating three generating
plants over 23 years without adding the most modern pollution controls.
MoreEntrepreneur parlays love of cars into successful media company
November 28, 2009
Anthony SchoetleDonnie Babb's Gauge Media Group started in his basement at tortoise speed but now churns out $2 million
in sales with a staff of nine full-time and 15 part-time employees.
MoreAlcohol distributor fights decision allowing big competitor into Indiana
November 28, 2009
J.K. WallNational Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission
ruled Nov. 5 that Southern Wine
& Spirits of America Inc. could distribute here.
MoreSources: City will lose professional tennis tournament
November 28, 2009
Anthony SchoettleThe Indianapolis Tennis Championships—formerly known as RCA Championships—appear to be dead, with the ATP Tour
dates being shipped off to Atlanta for 2010 and beyond.
MoreSmall businesses changing hands despite recession
November 28, 2009
Peter SchnitzlerEven in recession, entrepreneurs buy and sell local small businesses. Plenty of Indianapolis-area companies are for sale.
MoreAirport plans holiday events to lure traffic to Civic Plaza
November 27, 2009
Associated PressEntertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered
this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search
for ways to boost revenue.
MorePlant would pipe carbon dioxide to oil rigs
November 26, 2009
Associated PressCarbon dioxide produced by a proposed coal gasification plant near the southern Indiana town of Rockport would be used to
help boost oil production in the Gulf of Mexico under a plan by the company leading the project.
MoreEmployers brace for Cyber Monday
November 25, 2009
Scott OlsonMore than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to
the Washington, D.C.-based National Retail Federation.
MoreBrizzi dropped plan to serve on board of Durham company
November 25, 2009
Greg AndrewsMarion County Prosecutor Carl Brizzi said he agreed this fall to serve on the board of Tim Durham’s Fair Finance
Co., but changed his mind several weeks later after Durham told him a newspaper was working on an investigative
story about the company.
MoreCabaret Theatre moving to downtown's Columbia Club
November 25, 2009
Scott OlsonThe troupe will relocate from its temporary location at the Connoisseur Room in time to present a holiday show that runs Dec.
10-12.
MoreNeighborhood revitalization group calling it quits
November 24, 2009
IBJ StaffBOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
MorePatachou owner's pizzeria receives variance approval
November 24, 2009
Scott OlsonCafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th
and Pennsylvania streets.
MoreUPDATE: FBI searches Durham-owned company offices
November 24, 2009
Greg AndrewsOhio securities regulators say Tim Durham's Fair Finance Co. won't be permitted to sell additional investment certificates
unless it satisfactorily answers a series of questions about the company's ability to pay them back.
MoreFBI serves search warrants on Durham-owned companies
November 24, 2009
The FBI on Tuesday executed search warrants at two companies led by high-profile executive Tim Durham—Indianapolis-based
Obsidian Enterprises Inc. and Akron, Ohio-based Fair Finance Co.
MoreTroubled homebuilder's funds frozen after failing to pay judgment
November 24, 2009
Scott OlsonA Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.
MoreResearch lab could replace ATA headquarters
November 24, 2009
Cory SchoutenPaul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for
non-airport uses.
MoreHaynes reports quarterly, fiscal-year losses
November 24, 2009
Kokomo-based Haynes International Inc.'s efforts to consolidate operations and reduce inventory could not keep it from losing
$3 million in its fiscal fourth quarter, the company announced Monday.
MoreBallard set to shake up CIB with staff moves
November 24, 2009
Peter SchnitzlerCIB Treasurer Ann Lathrop will become board president, replacing Bob Grand at the helm of the organization that oversees the
city's professional sports stadiums and the Indiana Convention Center.
MoreRetail space rises in Carmel
November 24, 2009
Tom HartonRetail construction has all but ground to a halt because of the recession, but that’s not the case in Carmel, where
Keystone Construction Corp. is in the midst of developing a $45 million, mixed-use project.
MoreHillenbrand profits rise despite revenue declines
November 24, 2009
IBJ StaffImproved investment returns and lower costs on diesel fuel and raw materials used in Hillenbrand's products helped improve
company earnings
MoreLumina awards $831,000 to state chamber, commission
November 23, 2009
The Indiana Chamber of Commerce and the Indiana Commission for Higher Education announced Monday afternoon that the Lumina
Foundation for Education has awarded them $831,000 to help fund an initiative designed to increase the number of college graduates.
MoreBiglari was persistent in pressing Western Sizzlin deal
November 23, 2009
Greg AndrewsSteak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.
MoreSalvation Army kettles going high-tech
November 23, 2009
Andrea Muirragui DavisThe Salvation Army of Indiana soon will test a swipe-card option for curbside donations to its annual "Tree of Lights" fund-raising
campaign.
MoreIndiana casino owner declares bankruptcy
November 23, 2009
IBJ Staff and Associated PressMajestic Star Casino LLC owns two casinos and a hotel in Gary, a casino-hotel in Tunica County, Miss., and a casino in Black
Hawk, Colo.
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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!