News & Analysis

Indiana church financier gets 54 years for Ponzi scheme

December 7, 2010
Associated Press
A judge sentenced 66-year-old Vaughn Reeves to 54 years in prison during a court hearing Tuesday in Sullivan. A jury convicted him in October on nine counts of securities fraud.
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Builders of faulty Indiana bridge face state-work ban

December 7, 2010
Associated Press
A committee has recommended that the state highway department stop hiring Gary-based Superior Construction Co. and Indianapolis-based bridge designer RQAW Corp. over a northwestern Indiana highway that has been closed because of safety concerns.
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Local firm set to launch two more mutual funds

December 7, 2010
Scott Olson
Founded in 2005, The Archer Funds will now have three mutual funds to offer clients. It is among just a handful of locally based firms that markets its own mutual funds.
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IMOCA settles in at Murphy Arts, calls off move

December 7, 2010
Kathleen McLaughlin
The Indianapolis Museum of Contemporary Art, which faltered in the summer of 2009, is on stable footing at its year-old location in Fountain Square—so much so that it won't move closer to downtown, as it had planned.
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City Market tenant agrees to move to alternate space

December 7, 2010
Scott Olson
Under a settlement, the Indianapolis City Market dropped its attempts to evict the Grecian Garden after the restaurant said it would relocate to accommodate a renovation.
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Duke poised to buy South Florida portfolio

December 7, 2010
Tom Harton
The purchase of the $500 million portfolio of industrial and office properties would continue Duke’s recent push into the South Florida market.
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Nursing home firm to pay $376K in Medicaid case

December 6, 2010
Associated Press
Indiana Attorney General Greg Zoeller says a nursing home company will pay $376,000 to the state and federal governments over accusations that it submitted ineligible bills to Medicaid.
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Indianapolis Symphony's deficit nears record

December 6, 2010
Kathleen McLaughlin
The Indiana Symphony Society on Monday reported a near-record deficit of $2.7 million for the 2010 fiscal year. And symphony CEO Simon Crookall said this won't be the end of the bleeding.
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Controversial Martin University president to retire this month

December 6, 2010
 IBJ Staff
Algeania Freeman will retire Dec. 31 after three years at the school, officials said late Monday morning. Former NCAA executive Charlotte Westerhaus will serve as acting president while the predominantly black university conducts a nationwide search for a new leader.
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Tabbert Hahn lawyers joining Bose McKinney

December 6, 2010
Scott Olson
Bose McKinney will take nine lawyers, including name partners Gregory Hahn and Robert Weddle, from smaller law firm that will dissolve near the end of the year.
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WOJTOWICZ: How to lay your hands on working capital

December 6, 2010
Jean Wojtowicz
Small-business owners looking for working capital would be well-served to do their research in advance and can ask their bankers about several approaches, including financing based on assets.
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Dow Agro target of patent-infringement lawsuit

December 6, 2010
Bloomberg News
A unit of Bayer AG, Europe’s largest drug and chemical maker, is suing Indianapolis-based Dow AgroSciences LLC in federal court in Delaware alleging infringement of a U.S. patent for herbicide-resistant crops.
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Republic sues website operator over airline gift cards

December 6, 2010
Bloomberg News
Indianapolis-based Republic Airways Holdings Inc. and its Frontier Airlines unit filed a trademark-infringement case against the operator of a website offering gift cards as consumer incentives.
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Charities struggling to keep up with growing need

December 5, 2010
Associated Press
The chief operating officer for Gleaners Food Bank of Indiana said demand caused by the economic downturn is unprecedented in the organization's 30-year history.
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Exports fueling Indiana business growth

December 4, 2010
Kathleen McLaughlin
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.
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Simon Property offers to settle dispute over widow's stake

December 4, 2010
Cory Schouten
Simon Property Group Inc. has offered to settle a lawsuit with Bren Simon by cashing out 6.5 million partnership units her late husband Melvin held in the giant shopping mall developer.
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Touted Build America Bonds may not be available for utility dealRestricted Content

December 4, 2010
Chris O'Malley
Citizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
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Menard lawsuit entangles businessmen Hilbert, Dick

December 4, 2010
Kathleen McLaughlin
Former Conseco executives Steve Hilbert and Rollin Dick are caught in a bitter legal battle between billionaire hardware king John Menard and his ex-fiancee.
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Izod claims 350-percent return from IndyCar Series

December 4, 2010
Anthony Schoettle
Izod officials said that in 2010, Izod brand awareness increased 10 percentage points, brand familiarity rose 16 percent among 25- to 35-year-old men, and digital impressions increased 20 percent over 2009.
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Abandoned United Airlines repair base now bustlingRestricted Content

December 4, 2010
Chris O'Malley
Seven years ago, United Airlines abandoned the 1.7-million-square-foot aircraft repair base that once employed 3,000 people. Today, the mall-sized complex is humming and is essentially fully occupied.
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Fountain Square turning to first-of-kind tax to fund improvementsRestricted Content

December 4, 2010
Kathleen McLaughlin
A Fountain Square group led by neighborhood business owners hopes to create an “economic improvement district” for the up-and-coming neighborhood, where additional tax revenue could be used for everything from litter cleanup and marketing to capital improvements.
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IU tries new tack in online educationRestricted Content

December 4, 2010
J.K. Wall
Traditional colleges like Indiana University know they must shift to more online learning options or else lose students to upstart competitors using digital technology to offer college curriculum at greater convenience.
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Foreclosed-property care sparks fight over who's responsibleRestricted Content

December 4, 2010
Francesca Jarosz
Lawmakers might address in the upcoming legislative session the controversy over who is responsible for upkeep on foreclosed properties.
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WTHR winner during November sweeps period

December 3, 2010
Scott Olson
Channel 13 received a huge ratings boost at 11 p.m., enabling it to surpass WISH-TV Channel 8 as the most-watched newscast during that time. WTHR's newscast retained its lead in several other time slots, although audience numbers dipped, enabling competitors to close the gap.
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INSIDE DISH: Irvington favorite breaks off slice for Greenwood

December 3, 2010
Mason King
Jockamo Watch
                           VideoThe owners of Jockamo Upper Crust Pizza had seen other local eateries sink after expanding. They weighed many risks before pulling the trigger.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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