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News & Analysis
Purdue student-inventor nabs VC on TV show
September 30, 2009
IBJ StaffA Purdue University student who invented a soy-based modeling dough walked away with a $300,000 investment after appearing
Tuesday on the ABC show "Shark Tank."
MoreIndiana hospitals settle Medicare lawsuit
September 30, 2009
IBJ StaffSix hospital systems, including three in Indiana, have agreed to pay the federal government $8.3 million to settle a whistleblower
lawsuit alleging the hospitals deliberately overcharged Medicare for routine back surgeries.
MoreIndiana mine operations to close, costing 80 jobs
September 29, 2009
IBJ StaffPeabody Indiana Services LLC notified the Indiana Department of Workforce Development on Monday that it will close its surface
mine operations at Francisco in southwestern Indiana, putting about 80 employees out of work.
MoreToll road operator among water-utility suitors
September 29, 2009
Chris O'MalleyAmong 23 firms that have expressed interest in operating Indianapolis’ water and sewer systems is Macquarie, the Australian
firm that operates the Indiana Toll Road under a 75-year, $3.8 billion lease. In July, the city asked companies to express
interest in operating the systems.
MoreSpurned Sponsel creates own CPA firm
September 29, 2009
Scott OlsonA longtime partner of Indianapolis-based Greenwalt Sponsel & Co. Inc. has left the accounting firm and started his own after
he said it became apparent he would not become managing partner.
MoreGeorges put north-side estate up for sale
September 28, 2009
IBJ StaffTony George and his wife, Laura, have put up for sale their 12-acre, wooded estate at 8030 Spring Mill Road on the north side
of Indianapolis.
MoreCarmel officials confirm Feinstein appointment
September 28, 2009
Kathleen McLaughlinSinger Michael Feinstein will make as much as $400,000 in a single year to serve as artistic director of the Regional Performing
Arts Center that’s still under construction in Carmel, officials confirmed this morning.
MoreHat World acquires Minnesota sporting goods dealer
September 28, 2009
Indianapolis-based Hat World Inc. said Monday that its Impact Sports division has acquired Great Plains Sports in St. Paul,
Minn.
MoreEmmis executive high on company's outlook, despite NASDAQ threat
September 28, 2009
Scott OlsonAn executive of Emmis Communications Corp. is optimistic the company's performance will improve enough to boost its stock
price above $1, eliminating the threat of being delisted by NASDAQ.
MoreLocal Better Business Bureau names new leader
September 28, 2009
William J. Thomas has been named president of the Better Business Bureau of Central Indiana, the organization announced Monday.
MoreRenewable-energy firm eyeing Tipton County plant
September 28, 2009
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were
to be built for Chrysler automobiles, according to the Kokomo Tribune.
MoreCarmel company plans to expand, add employees
September 28, 2009
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million
in its Carmel headquarters.
MoreWidow likely biggest beneficiary of Simon's estate
September 26, 2009
Peter SchnitzlerBren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more,
wealth managers speculate, based on the legal and tax issues involved in such a large estate.
MoreBartering booms during recession
September 26, 2009
Peter SchnitzlerIn a recession, cash is a commodity few small businesses can spare. That’s why more businesses are trading goods and
services without exchanging cash.
MoreA battered stock market is no reason to stop investing for a college education
September 26, 2009
Scott OlsonIt's no time to be cautious about investing for a college education. Rather, the drop in the stock market presents an ideal
time to be aggressive.
MoreNew Indiana law requires schools to teach financial acumen
September 26, 2009
Peter SchnitzlerIndiana Superintendent of Public Instruction Tony Bennett plans to meet a state mandate to offer financial instruction by
incorporating the topic in the classroom via real-world example.
MoreHospitals, doctors finally integrating patient care
September 26, 2009
J.K. WallThe stitching together of doctors and hospitals—two groups that historically have kept each other at arm’s length—is
a trend picking up speed locally and nationally and could accelerate even further if Congress passes health care reform.
MorePennsylvania city not giving up Harley without a fight
September 26, 2009
Kathleen McLaughlinThe motorcycle manufacturer is considering a Shelby County site at the same time that it's pushing for concessions from the
union in York, Pa.
MoreRegion below average on Obama's health care cost measure
September 26, 2009
J.K. WallThe tool the administration is using to measure waste shows that expenses in Indianapolis might be low enough
not to get whacked. But the region isn’t performing so well that it’s likely to get much praise, either.
MoreEntrepreneur hopes real estate venture will rebuild neighborhoods, fund charities
September 26, 2009
Kathleen McLaughlinDavid Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
MoreWater utility wants millions for treatment-plant upgrade, dam repair
September 26, 2009
Chris O'MalleyAlready swamped with higher debt costs due to a bond refinancing fiasco, the city’s Department of Waterworks is asking
the Indiana Utility Regulatory Commission to OK a rate hike to pay for capital projects.
MoreInfluential team owner thinks hot rod group should move HQ from California to Brownsburg
September 26, 2009
Anthony SchoettleA meeting between high-level National Hot Rod Association executives—including NHRA President Tom Compton—and
Gov. Mitch Daniels and members of the Indiana Economic Development Corp. has fueled speculation that the drag racing group
might be looking to significantly expand its presence here.
MoreFred Glass takes center stage in IU football's ad campaign
September 26, 2009
Anthony SchoettleAthletics Director Fred Glass isn’t just calling an audible, he’s changing the advertising
playbook in Bloomington. Glass, along with his new senior assistant athletics director for marketing, Patrick
Kraft, are upping the ante this football season, with a 67-percent boost in television advertising and 20-percent boost in
the total media buy.
MoreHow to make the best of meetings and events gone awry
September 26, 2009
Chip CutterMeeting and event planners spend years poring over details for big functions, plotting minute-by-minute schedules, and
brainstorming every possible contingency to stave off disaster. Sometimes, though, even the best-laid plans go
awry.
MoreInsurer fires latest round in $125M utility case
September 25, 2009
Chris O'MalleyJohn Hancock Life Insurance Co. today asked a federal judge to force Hoosier Energy Rural Electric Cooperative to post an
additional $20 million in escrow as the utility continues to challenge a $125 million claim against it by the New York-based
insurer.
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Many serial killer types and psychopaths work as lowly bureaucrats, just waiting to impose their wrath on a powerless person, child, or pet. Don't forget, the BTK killer was a dog catcher.
If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.