News & Analysis

Indiana manufacturing sector clawing its way backRestricted Content

April 2, 2011
Scott Olson
Factories are adding jobs, but returning to pre-recession levels will be a long slog.
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Trucking industry upswing may draw investors to Allison IPO

April 2, 2011
Kathleen McLaughlin
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
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Task force coaxes homeless off downtown streetsRestricted Content

April 2, 2011
Kathleen McLaughlin
An informal collaboration of social workers, police and prosecutors has had early success getting some of the most stubborn homeless people in Indianapolis from downtown streets to shelter or recovery programs.
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Call center orders boost Interactive Intelligence sharesRestricted Content

April 2, 2011
Chris O'Malley
Shares of the call center software firm Interactive Intelligence have nearly tripled, to around $38 from a 52-week low of $14, last August, thanks to a string of larger orders, and to its anticipation of the rise of “communications as a service,” or CaaS.
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Tax breaks for Rolls-Royce hinge on investment, not jobsRestricted Content

April 2, 2011
Francesca Jarosz
City officials’ fear that Rolls-Royce Corp. might pull thousands of jobs out of Indianapolis drove the negotiations that culminated last month with the company’s committing to move 2,500 of its local office employees to the south side of downtown.
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Flexibility eases pain of principal's departure

April 2, 2011
Francesca Jarosz
Carlotta Watch VideoThe abrupt departure of Indianapolis Metropolitan High School's dynamic principal, Carlotta Cooprider, had the potential to deal a major blow to the 430-student charter school. But school administrators, parents and students say the transition was mostly seamless.
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Indy Met Pumas make basketball historyRestricted Content

April 2, 2011
Francesca Jarosz
The Indianapolis Metropolitan High School boys’ basketball team won the Class 1-A state championship, for the first time in the team’s four-year existence.
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Next state budget to spend $117M more on pensions

April 1, 2011
Associated Press
Indiana lawmakers plan to set aside more money in the next two-year budget to help deal with unfunded pension liabilities, but experts warn the amount needed to pay retirees will only grow in the next 15 years.
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INSIDE DISH: St. Elmo stakes out expansion plan

April 1, 2011
Mason King
St Elmo Watch VideoCo-owner Craig Huse's designs to create a 3,000-square-foot bar above the landmark eatery is just another example of Elmo's tradition-based evolution.
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Colleges spend big, lose big on women's basketball

April 1, 2011
Bloomberg News
Across the U.S., the most popular women’s college sport is in the red. Women’s basketball at the 53 public schools in the six largest conferences recorded operating losses last fiscal year of $109.7 million, while the men’s teams reported operating profits of $240 million.
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U.S. unemployment rate falls to two-year low

April 1, 2011
Associated Press
The nation added 216,000 jobs last month, with private employers adding more than 200,000 jobs for a second straight month. However, a big factor in the lower jobless rate is that many people who stopped looking for jobs still aren't looking for one.
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Hinkle Fieldhouse slated for $25 million restoration

April 1, 2011
Scott Olson
A capital campaign is under way to fund improvements to the historic arena on the campus of Butler University. Upgrades will include more seating for season-ticket holders and a new scoreboard with video capabilities.
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Organic-food delivery service growing its operations

April 1, 2011
Sean Morrison
Indianapolis-based Green B.E.A.N. Delivery planted a seed here four years ago, and now the organic food-shipping service is cultivating its own 60-acre farm in Sheridan.
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Indiana college to break ground on pharmacy school

April 1, 2011
 IBJ Staff and Associated Press
Northern Indiana's Manchester College plans to begin work this summer on the college's new $18 million pharmacy school.
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Bills would set fall votes for Indiana school boards

April 1, 2011
Associated Press
All school board elections across Indiana would be moved to the November ballot under bills advancing in the state Legislature.
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Scientists question claims in biotech letter

April 1, 2011
Associated Press
The widespread Internet posting of a letter by a retired Purdue University researcher who says he has linked genetically modified corn and soybeans to crop diseases and to abortions and infertility in livestock has raised concern among scientists that the public will believe his unsupported claim is true.
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Democrats skip session while leader discusses fines

March 31, 2011
Associated Press
A House session scheduled for Thursday morning never took place as Democratic leader Pat Bauer Republican leader Brian Bosma discussed fines the Dems received for walking out on their jobs.
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Suit accuses Bank of America of fraud, racketeering

March 31, 2011
Scott Olson
The complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
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Battery charges dropped against Fair Finance co-owner

March 31, 2011
Cory Schouten
The Hamilton County Prosecutor's Office has dropped domestic battery charges against Fair Finance Co. co-owner Jim Cochran after the alleged victims declined to pursue the case.
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Indy lawyer pays $371,000 to settle Fair Finance lawsuit

March 31, 2011
Greg Andrews
Fair Finance's bankruptcy trustee says attorney Stephen Plopper and his wife are paying the full amount due under a loan that matured in 2006.
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Drugmaker Lilly launches global service program

March 31, 2011
Associated Press
Eli Lilly and Co. is starting a service program that sends employees around the world to help developing communities and learn about other cultures, as the drugmaker looks to international markets.
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Second whistleblower joins suit against Rolls-Royce

March 31, 2011
Associated Press
A second person has joined a lawsuit alleging Rolls-Royce Corp. concealed repeated defects at an Indianapolis aircraft engine plant and fired workers for reporting problems.
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United Way chapters teaming to improve graduation rates

March 31, 2011
Indianapolis Mayor Greg Ballard will participate Thursday morning in a national online meeting as part of an education initiative that hopes to attract 1 million volunteers.
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Indiana House backs GOP state budget plan

March 30, 2011
Associated Press
The Indiana House has approved a Republican-backed state budget plan that would keep overall education funding at current levels while making major shifts in the way money is divvied up among individual school districts.
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IBM files court motion to depose Daniels, aide

March 30, 2011
Associated Press
Gov. Mitch Daniels and his chief of staff were both deeply involved in Indiana's decision to outsource the automation of welfare intake, and they should provide depositions in lawsuits over IBM Corp., a lawyer for the company argues in a brief.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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