News & Analysis

GOP forges ahead with Indiana redistricting

April 20, 2011
Associated Press
Republicans who now fully control the Legislature and the redistricting process say they've followed their commitment to draw new districts that are compact and avoid splitting up cities and counties.
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One-third in Indianapolis use cellphones only

April 20, 2011
Associated Press
Estimates released Wednesday by the federal Centers for Disease Control and Prevention showed that 33.5 percent of adults in Indianapolis, which encompasses Marion County, use cellphones and lack traditional wired telephones.
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State's top anti-smoking agency could be abolished

April 20, 2011
Scott Olson
Indiana Tobacco Prevention and Cessation, formed in 2001 and funded by money from a settlement with the tobacco industry, may be consolidated into the state Department of Health as a budget-cutting measure.
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Bill would shift tax appeals in property owners' favor

April 20, 2011
Francesca Jarosz
A bill expected to be heard Wednesday in the Indiana House would give property owners appealing the assessed value of their homes or buildings more clout in the fight.
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LEADING QUESTIONS: Indians boss still having a ball

April 20, 2011
Mason King
LQ Schumacher watch videoWhat's the secret to baseball profitability? Why is the offseason so important? Franchise President Max Schumacher fields questions.
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Allison to add 200-plus jobs over next two years

April 19, 2011
 IBJ Staff
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
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State Senate OKs bill to cut Planned Parenthood aid

April 19, 2011
Associated Press
The Indiana Senate approved a bill Tuesday that would cut off funding to Planned Parenthood and give the state some of the country's tightest abortion restrictions.
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Indiana House passes criminal checks on medical workers

April 19, 2011
Associated Press
The Indiana House has approved a bill requiring criminal background checks for anyone seeking a new license to be a doctor, dentist or several other health care jobs.
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Bill on teacher union rights heads to governor

April 19, 2011
Associated Press
A bill to restrict Indiana teachers' collective bargaining rights has cleared its final legislative hurdle, becoming the first part of Republican Gov. Mitch Daniels' sweeping education agenda to make it to the governor's desk.
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Toyota extends North American production cuts

April 19, 2011
Associated Press
Toyota Motor Corp. has extended production cuts at its North American factories into early June as it struggles to deal with parts shortages caused by the earthquake that hit Japan.
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Daniels wants taxpayer refund back in budget

April 19, 2011
Associated Press
Indiana Gov. Mitch Daniels has written lawmakers to urge them to restore an automatic taxpayer refund that was removed from a budget proposal this week.
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Local home-building activity still slumping

April 19, 2011
 IBJ Staff and Associated Press
Home-building permits filed in the Indianapolis area sank by more than 20 percent in March compared with the same month last year. Still, signs show home construction both locally and nationally may be picking up.
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Wellfount nabs $6M in venture capital

April 19, 2011
The Indianapolis-based institutional pharmacy, which serves long-term-care facilities, wants to expand its business nationally.
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TV stations WXIN, WTTV get new general manager

April 19, 2011
 IBJ Staff
Tribune Broadcasting on Monday named TV veteran Larry Delia vice president and general manager of its two Indianapolis stations.
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Statehouse fight continues over bank-insurance fund

April 19, 2011
Francesca Jarosz
Indiana lawmakers likely will avoid tapping an obscure bank-insurance fund to help bolster state coffers, but bankers may not survive the battle completely unscathed.
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State's unemployment rate drops to 8.5 percent

April 19, 2011
Indiana's unemployment rate last month declined by 0.3 percentage points compared to February and is the lowest it's been in more than two years.
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Lilly gives $1M toward Marian medical school

April 19, 2011
J.K. Wall
Marian University needs to raise $120 million for its medical school and nursing programs. So far, the Catholic institution has raised $81 million.
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Office stats don't tell full story of market's recovery

April 19, 2011
Tom Harton
Cassidy Turley's research director said the pace of leasing activity is the best he’s seen in 18 to 24 months.
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Steel Dynamics' quarterly profit jumps 63 percent

April 19, 2011
Associated Press
Steel Dynamics earned $105.9 million, compared with $65 million in the year-ago quarter. Revenue rose 30 percent, to $2 billion. Analysts were looking for $1.91 billion.
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IBM: Daniels' email shows he had key role in deal

April 18, 2011
Associated Press
IBM wants to depose Daniels soon because it's concerned he will announce he's running for president and would be too busy on the campaign trail to give a deposition.
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Indiana Senate backs pulling Planned Parenthood money

April 18, 2011
Associated Press
The Indiana Senate voted Monday to prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.
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UPDATE: Senate panel OKs budget with more school money

April 18, 2011
Associated Press
An Indiana Senate committee on Monday approved a state budget that relies on a new, more optimistic revenue estimate to direct more cash to schools, restore previously proposed cuts and leave Indiana with more money in the bank than prior versions.
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Lilly shareholders fail to remove anti-takeover measures

April 18, 2011
J.K. Wall
A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass Monday despite a large majority of shareholders voting to remove those barriers for the second straight year.
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Analysts demand news on next Lilly blockbuster

April 18, 2011
J.K. Wall
Eli Lilly and Co. spends a lot of time these days telling the rest of the story—how well it’s doing in areas not connected to highly lucrative drugs about to see their patents expire. But for the most part, investors and analysts just want to know when the next blockbuster will be coming.
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State court rejects Bren Simon's appeal in estate battle

April 18, 2011
 IBJ Staff
The Indiana Court of Appeals has dismissed Bren Simon’s petition seeking to reverse a lower court’s ruling that removed her as interim trustee of her late husband’s $2 billion estate.
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  1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

  2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

  3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

  4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

  5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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