News & Analysis

WellPoint’s New York rate hike to face scrutiny

December 21, 2010
Bloomberg News
WellPoint Inc. and other U.S. health insurers will have to provide justification for any increases to customers’ premiums of more than 10 percent next year, according to federal regulations published Tuesday.
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Analysts: Simon unlikely to buy Capital Shopping

December 21, 2010
Bloomberg News
Simon Property Group Inc. is unlikely to buy Capital Shopping Centres Group Plc because it will take too long for rents to rise enough to justify a price its U.K. counterpart would accept, according to Barclays Capital real estate analysts.
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Glick partnership buys Maxwell apartment building

December 21, 2010
Scott Olson
Gene B. Glick Co. and Milhaus Development LLC have purchased The Maxwell from Star Financial Bank. Located at 530 E. Ohio St., the project originally was developed as condos by Kosene & Kosene.
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Credit card processor plans Jeffersonville expansion

December 21, 2010
 IBJ Staff and Associated Press
Heartland Payment Systems said Tuesday it will spend more than $6.2 million to expand its operations in southern Indiana and hire up to 140 more workers by next summer.
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Insurer for Durham firm to settle suits for $5.5M

December 20, 2010
Greg Andrews
The agreement allows embattled financier Tim Durham to remain on the board of CLST Holdings, but mandates he step down as chairman and not vote on any matter unless doing so would make the board unanimous.
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Skillman won't run for governor's seat in 2012

December 20, 2010
Lt. Gov. Becky Skillman issued a statement Monday morning announcing that "minor" health issues will keep her from running for Indiana governor in 2012.
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Group opposes city plan to pay water manager Veolia $29M

December 20, 2010
Chris O'Malley
The city should refuse to pay the contract-termination fee given alleged defaults by Veolia, the consumer group says. Veolia is out after city sells the water company to Citizens Energy Group.
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Prudential Indiana adds two Coldwell Banker offices

December 20, 2010
Scott Olson
Bringing Carmel and Avon offices under the Prudential brand should help the agency increase its presence in the metropolitan area, particularly on the west side.
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Duke Realty planning $967M in property deals

December 20, 2010
The Indianapolis-based real estate investment trust said it will sell 3.1 million square feet of suburban office space for $516.7 million and buy 4.9 million square feet of mostly industrial space for $450 million.
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Lilly Endowment gives $35M to start pharmacy school

December 20, 2010
J.K. Wall
Manchester College will use money to launch the state's third program offering doctorates in pharmacy.
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IU locating art and design center in Columbus

December 20, 2010
Associated Press
IU President Michael McRobbie says the school wanted to locate the center in Columbus to take advantage of the Indiana city's unique architecture and commitment to the arts.
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Deal saves Carmel, Fishers commuter bus routes

December 18, 2010
 IBJ Staff
The service, funded for the last three years by a federal grant that expires on Dec. 31, 2010, was set to end on that date unless new arrangements could be made.
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Turbulent Indiana General Assembly just ahead

December 18, 2010
Mary Dieter
Scarce resources promise to vex lawmakers charged with writing a new budget when the Legislature convenes in January.
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Performing-arts groups stretch to cover rent at Palladium

December 18, 2010
Kathleen McLaughlin
Carmel is building a dream home for the performing arts. Now those groups planning to move into it just have to figure out how to pay their share of the mortgage.
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Redistricting, education issues also on docket for General AssemblyRestricted Content

December 18, 2010
Mary Dieter
Legislature will consider redistricting along with controversial education issues.
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Business agenda might get friendly receptionRestricted Content

December 18, 2010
Mary Dieter
With Republicans firmly in control of the Indiana General Assembly, businesses have a better chance of achieving some of their legislative objectives than they have for years.
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Caldwell VanRiper names new president, predicts stronger 2011Restricted Content

December 18, 2010
Anthony Schoettle
Former Finish Line executive Kevin Flynn is now a partner and will handle the agency's day-to-day operations, taking over from Paula MacVittie.
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Simon Property likely to continue pursuit of British mall ownerRestricted Content

December 18, 2010
 IBJ Staff and Bloomberg News
In rejecting Simon’s offer, London-based Capital Shopping Centres Group said the cash bid “very substantially undervalues the company and its prospects."
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Conseco name lives on at downtown arena

December 18, 2010
Anthony Schoettle
CNO Financial Group appears to have backed away from plans to change the name of the Indiana Pacers home it sponsors, Conseco Fieldhouse, even though the company no longer uses the Conseco name.
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Clarian off to slow start in insuranceRestricted Content

December 18, 2010
J.K. Wall
Clarian Health got few takers in its first year offering a health care benefits program to large employers, but the Indianapolis-based hospital system is undeterred in growing its budding insurance services business.
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Governor seeking leeway on road dealsRestricted Content

December 18, 2010
Francesca Jarosz
Gov. Mitch Daniels’ legislative priorities for next year include putting guidelines into law that would allow the state to more broadly use the private sector to design, finance or operate public infrastructure.
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Holy Cross startup sees plenty of room for more craft brewers

December 18, 2010
Cory Schouten
A startup brewery called Flat 12 Bierwerks has ignited a revival along lonely Dorman Street in Holy Cross, one of the city’s oldest neighborhoods.
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OneAmerica moves beyond small employers, eyes big retirement plansRestricted Content

December 18, 2010
J.K. Wall
OneAmerica Financial Partners Inc. last month launched an insurance product aimed at landing far larger retirement plans than it has served before, and significantly growing its assets.
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Airport consultant presents long-term land-use plan

December 17, 2010
Much-hyped study won't portend immediate investment, but will help steer development on and around airport through 2040.
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UPDATE: Regional bank shares rally on M&I Bank deal

December 17, 2010
Cory Schouten
Shares in regional banks are rallying after Canada's BMO Financial Group agreed to acquire Marshall & Ilsley Corp. in an all-stock deal.
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