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News & Analysis
NASDAQ threatens to delist Emmis stock
September 21, 2009
IBJ StaffNASDAQ has notified Emmis Communications Corp. that it is in danger of being delisted if the company's stock doesn't rise
above the minimum bid price of $1 per share within the next six months.
MoreChamber puts support behind Wishard hospital proposal
September 21, 2009
J.K. WallThe Greater Indianapolis Chamber of Commerce announced its support for construction of a new Wishard Hospital and promised
to take a leadership position to help hospital leaders win voter approval for the project.
MoreMore IU, Purdue projects could move forward
September 19, 2009
Associated PressMore than $130 million in construction projects will get a chance to move forward after being put on hold over a top lawmaker's
objections to the schools' tuition increases.
MoreAnticipated development near stadium isn't materializing
September 19, 2009
Sam StallNot long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.
MoreDeveloper Broadbent sues banks after they tighten credit line
September 19, 2009
Peter SchnitzlerLocally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
More'Dewatering' system creates space, keeps new Marriott's basement dry
September 19, 2009
Scott OlsonA sprawling network of drainage pipes is designed to keep the underground parking garage of the new JW Marriott hotel dry.
MoreSlots revenue revives hopes of state's horse breeding industry
September 19, 2009
Kathleen McLaughlinPurses at Hoosier Park in Anderson and Indiana Downs in Shelbyville have swollen since the two tracks added slot machines
in June 2008.
MoreLilly revises playbook in effort to score more 'touchdowns'
September 19, 2009
J.K. WallThe drugmaker has successfully moved experimental drugs into position to win approval by regulators. But only once in the
last four years has a new drug actually made it to market—the industry’s equivalent of getting
across the goal line.
MoreIndiana turns away booze-distribution heavyweight
September 19, 2009
Cory SchoutenThe Indiana Alcohol and Tobacco Commission has voted to deny liquor and wine permits for Southern Wine & Spirits of
America Inc., the nation’s largest liquor distributor, citing concerns over a track record of anti-competitive behavior.
MoreSimon built mall empire from scratch, changed way America shops
September 19, 2009
Cory SchoutenMelvin Simon, who died at 82 on Sept. 16, grasped early on that creation of the nation's interstate system would pave the
way for
large, enclosed shopping centers.
MoreGreenwood merger would create one of state's largest cities
September 19, 2009
Kathleen McLaughlinThe new city would count more than 80,000 residents. In terms of population, it would zoom past Fishers and Carmel to rank
sixth or seventh in the state.
MoreNCAA, city haggle over Final Four rental deal
September 19, 2009
Anthony SchoettleA little more than six months before the 2010 NCAA men’s Final Four is set to tip off at Lucas Oil Stadium, the NCAA
has not yet finalized a rental deal for the facility. While officials for the NCAA and Local Organizing Committee,
the group charged with operating the event in Indianapolis, downplay any problems, sports business experts say it is unusual
not to have an agreement pinned down in the months leading up to the event.
MoreIs Indianapolis big enough for 'car sharing' concept?
September 19, 2009
Chris O'MalleyAn urban advocacy group is trying to bring a big-city concept to Indianapolis: car sharing. People for Urban
Progress cites environmental benefits as well as cost savings for urban dwellers who might find it practical to ditch their
seldom-used vehicles.
MoreBluefish Wireless launches unit to help firms manage wireless-phone expenses
September 19, 2009
Chris O'MalleyMobi Wireless is targeting medium-size to large companies needing more control of wireless expenses
and fewer internal resources dedicated to the task.
MoreRegulators close Irwin banking operations
September 18, 2009
IBJ StaffState and federal regulators shut down the two banking subsidiaries of ailing Irwin Financial Corp. of
Columbus. The action makes Irwin Union Bank and Irwin Union Bank FSB the first financial institution failures in Indiana since
steep losses hit the industry last year.
MoreClinton, Bird among mourners at Simon funeral
September 18, 2009
Associated PressFormer President Bill Clinton described Melvin Simon as one of the most remarkable people he's ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
MoreAirport considering privatizing parking operations
September 18, 2009
Scott OlsonThe Indianapolis Airport Authority agreed at its monthly meeting this morning to explore turning over management of the airport’s
parking operations to an outside company.
MoreState's jobless rate dips, but decline could be temporary
September 18, 2009
IBJ StaffIndiana's unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce
Development said this morning, but the decline could just be a blip.
MoreTough job market sinks employment agencies
September 17, 2009
Scott OlsonIndiana's lofty unemployment rate not only is taking a toll on the jobless but also the recruiters that help them find
work, leading to the demise of several local employment agencies.
MoreAnderson firm aims to clean up diesel emissions
September 17, 2009
Kathleen McLaughlinEngineer Refaat "Ray" Kammel's Anderson engineering firm has received a $2-million grant from the Indiana
Department of Economic Development to start manufacturing a patented device that will help old trucks meet
new federal emission standards.
MoreNCAA President Myles Brand dies of cancer at 67
September 16, 2009
IBJ Staff and Associated PressNCAA President Myles Brand has died at age 67 after a struggle with pancreatic cancer. Brand took the post in January 2003
after serving as president of Indiana University.
MoreCommission OKs Ameriplex, Rexnord tax abatements
September 16, 2009
Scott OlsonThe Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.
MoreUPDATE: Simon remembered for vision, courage
September 16, 2009
Cory SchoutenA Friday funeral is planned for a man who made a fortune building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis. Melvin Simon, 82, succumbed this morning after a battle with pancreatic
cancer.
MoreFirst-time homebuyers boosting residential sales
September 16, 2009
Scott OlsonLow-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due
to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.
MoreIrwin Financial admits outlook dire
September 16, 2009
Greg AndrewsShares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels "it has no realistic prospect of achieving."
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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!