News & Analysis

INSIDE DISH: Egyptian Cafe posts hot profits, fears smoking ban

February 18, 2011
Mason King
Dish_Egypt_watch_videoMohey Osman has breathed life into a Middle Eastern tradition at the Broad Ripple eatery and hooka bar, but a state smoking ban could choke the business.
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GOP senators leery of Indiana immigration crackdown

February 17, 2011
Associated Press
A bill aimed at having an Arizona-style crackdown on illegal immigration in Indiana is on its way to the state Senate, but some Republican senators expressed concerns Thursday about the ramifications for law enforcement and taxpayers.
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UPDATE: GOP budget includes big shift in school funding

February 17, 2011
Associated Press
Individual school districts could see major shifts in funding but overall education funding would remain at current levels under a state budget plan presented Thursday by Republicans who control the Indiana House.
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Tony George voted back onto Hulman & Co. board

February 17, 2011
Anthony Schoettle
Hulman & Co. board expands by four in attempt to better position company that oversees Indianapolis Motor Speedway and IndyCar Series.
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Panel OKs pulling Indiana Planned Parenthood money

February 17, 2011
Associated Press
An Indiana legislative committee has approved a proposal that would prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.
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E-mails detail Fair Finance partner's money woes

February 17, 2011
Greg Andrews
E-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.
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Indy Partnership may reduce role in job recruitment

February 17, 2011
Cory Schouten
A merger among local economic development organizations could further diminish the role Indy Partnership plays in recruiting jobs to the city and region.
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Incentives, long-term leases urged for airport development

February 17, 2011
Chris O'Malley
The Indianapolis Airport Authority board on Friday is set to approve a long-term land-use plan that will help steer future development in and around Indianapolis International Airport and its five smaller fields for decades to come.
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Complaints spark IURC to limit telecom’s service territory

February 17, 2011
Scott Olson
E.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without the state agency's permission. Charges of anti-competitive behavior led to the decision.
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Elevator company wants indemnity from IRT

February 17, 2011
Kathleen McLaughlin
An Illinois elevator company wants a judge to force the Indiana Repertory Theatre to protect it from liability in a lawsuit brought by a catering worker who fell down the elevator shaft at the downtown theater in 2007.
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IEDC leading jobs mission to India

February 17, 2011
The Indiana Economic Development Corp. will lead the state’s first jobs mission to India next week to help establish relationships with high-tech companies, the state agency said on Thursday.
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Gun bill raises concerns for CIB properties

February 17, 2011
Scott Olson
Legislation that would allow Hoosiers with gun permits to carry their weapons into municipal properties could affect Lucas Oil Stadium and the Indiana Convention Center.
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Marsh agrees to settle labor complaint

February 17, 2011
 IBJ Staff
Marsh Supermarkets Inc. has agreed to pay a total of $42,500 to settle a National Labor Relations Board case accusing the grocery chain of interfering with workers’ attempts to unionize.
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Old National-Monroe merger costing 59 jobs

February 17, 2011
 IBJ Staff
Almost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their operations.
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Kite Realty sees decline in quarterly results

February 16, 2011
Associated Press
Indianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
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Indiana panel backs private school voucher bill

February 16, 2011
Associated Press
A contentious proposal to use taxpayer money to help Indiana parents send their children to private schools cleared its first legislative hurdle Wednesday.
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Panel OKs plan to cut Indiana corporate tax rate

February 16, 2011
Associated Press
A proposed cut of more than 20 percent in the state's corporate income tax rate would improve Indiana's business climate without hurting the state budget, the leader of the Indiana Senate's tax committee said Wednesday.
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Butler hires ex-IU coach Lynch as assistant AD

February 16, 2011
Associated Press
Butler has hired former Indiana University football coach Bill Lynch as associate athletic director for development.
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China company bringing 150 jobs to Lafayette

February 16, 2011
Nanshan America Co. will invest $98.5 million to construct a manufacturing facility and office building, with work slated to begin in the spring. The company will start hiring in the fall.
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UPDATE: House votes to kill pricey jet fighter engine

February 16, 2011
Associated Press
The decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s second-largest manufacturer behind Eli Lilly and Co.
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Lawmaker wants state to stop funding Planned Parenthood

February 16, 2011
Associated Press
Rep. Matt Ubelor of Bloomfield said he wants to cut off about $1.6 million that Planned Parenthood of Indiana receives from the state because he believes abortion providers shouldn't receive taxpayer funding.
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Universities, refugees fuel Indiana's Asian growth

February 16, 2011
Associated Press
That growth has been concentrated in five counties that account for nearly 60 percent of the state's Asian population. Those counties are Allen, Hamilton, Marion, Monroe and Tippecanoe
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Appeals court agrees to hear challenge in Simon case

February 16, 2011
Cory Schouten
The Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal dispute over the mall magnate's more than $2 billion estate.
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UPDATE: Borders files bankruptcy, to close 2 area stores

February 16, 2011
 IBJ Staff and Bloomberg News
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
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Fourth-quarter earnings improve at Calumet

February 16, 2011
Kathleen McLaughlin
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
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