News & Analysis

Columbus hospital suing FEMA for $17.1 million

September 24, 2010
Scott Olson
Federal lawsuit, which stems from June 2008 flood that caused $167 million in damages and business income losses, alleges FEMA failed to pay the full amount the hospital is owed in federal funding.
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Durable goods rise outside volatile transportation

September 24, 2010
Associated Press
The overall demand for durable goods fell 1.3 percent in August, the Commerce Department said Friday. But that was pulled down by a significant drop in orders for aircraft.
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Finish Line's second-quarter profit jumps to $16.8M

September 24, 2010
 IBJ Staff and Associated Press
Indianapolis-based The Finish Line Inc. said Thursday that its second-quarter profit rose as it rebounded from a messy quarter a year earlier after the athletic shoe retailer sold its unsuccessful Man Alive hip-hop stores.
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Reopening set for Moscow covered bridge

September 23, 2010
 IBJ Staff and Associated Press
Organizers are planning a weekend ceremony to dedicate a rebuilt covered bridge in central Indiana that was destroyed by a tornado more than two years ago.
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Indy Super Bowl organizers moving ahead with plans

September 23, 2010
Associated Press
Local organizers expect the 2012 Super Bowl to be played as scheduled, despite growing concerns that an NFL work stoppage could force postponement or cancellation of the game.
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EnerDel parent nets $20M from Russian investor

September 23, 2010
Kathleen McLaughlin
New York-based Ener1 didn't disclose how it will use the funds coming from Ener1 Group Inc., a company led by Russian industrialist Boris Zingarevich.
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Developer seeks rezoning for Canal apartments

September 23, 2010
Scott Olson
The city's Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.
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Indiana lawmakers push for Internet taxes

September 23, 2010
Mary Dieter
A bipartisan duo of state lawmakers wants Congress to allow states to collect sales taxes on Internet purchases, a move they say could bring hundreds of millions of dollars to cash-strapped Indiana.
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Rolls-Royce scores $19.2M helicopter contract

September 23, 2010
Kathleen McLaughlin
The local operations of the British aerospace firm has won an Army contract to build 40 more engines for the OH-58D Kiowa Warrior helicopter.
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Initial claims for unemployment aid rise again

September 23, 2010
Associated Press
The rise suggests that jobs remain scarce and some companies are still cutting workers amid sluggish economic growth.
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Four Hoosiers among richest Americans; Irsay ascends

September 23, 2010
 IBJ Staff
Indianapolis Colts owner Jim Irsay is moving up the ranks of the richest Americans a year after making his way onto the Forbes 400 list of the nation’s wealthiest people.
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Democrats charge conflict in parking meter deal

September 22, 2010
Scott Olson
A city lobbyist who also is registered to lobby for Affiliated Computer Services Inc., which was chosen to receive a 50-year lease deal to manage meter operations, says he was not involved in the deal.
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Indy metal-stamping plant faces many hurdles

September 22, 2010
Kathleen McLaughlin
Persuading workers at General Motors' Indianapolis metal-stamping plant to accept a pay cut would be a feat, but it won't be the last challenge that JD Norman Industries would face.
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Local building permits down again in August

September 22, 2010
Scott Olson
The number of building permits filed in the nine-county metropolitan area dropped by 18 percent in August from the same time a year ago, falling from 354 to 290. The drop marks the third consecutive month permits have fallen.
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Health overhaul's $264M question weighs down WellPoint

September 22, 2010
Bloomberg News
The failure by state regulators to decide how much insurers must spend on patient care is scaring investors from health-plan stocks and complicating insurance company decisions.
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Film Fest leader leaving for documentary gig

September 22, 2010
Kathleen McLaughlin
Dorothy Henckel, president of the Indianapolis International Film Festival, has accepted a job as director of acquisitions for The Documentary Channel.
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Schlage acquires Fusion door-hardware division

September 22, 2010
Schlage's purchase of the Georgia-based company's division gives it immediate access to the decorative door hardware and lock market, the company said.
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Building binge hasn't crimped hospital profits

September 22, 2010
J.K. Wall
Indianapolis-area hospitals spent billions on construction in the past decade and increasingly tried to poach patients from one another’s territories. Yet last year—one of the worst economically in recent history—21 of 26 hospitals still were able to show operating profits.
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Lilly discovers social media

September 22, 2010
J.K. Wall
Eli Lilly and Co. launched its own blog this month, dubbed LillyPad, to try to start discussions about public policy and corporate social responsibility. The Indianapolis-based drugmaker also launched an accompanying Twitter feed.
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Turner gets digital rights to NCAA championships

September 21, 2010
Associated Press
The deal includes management of NCAA.com, the primary web site for all 88 NCAA tournaments and other services.
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Indiana welfare chief says hybrid system succeeding

September 21, 2010
Associated Press
The secretary of the Indiana Family and Social Services Administration said error rates are down and the percentage of new applications for food stamps, Medicaid and other benefits on backlog has fallen by 83 percent in two two regions.
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Indiana corn coming in sooner, faster, better in 2010

September 21, 2010
Associated Press
The Indiana Agricultural Statistics Service says farmers harvested 27 percent of their corn by Sunday, compared with none by this time last year and an average of 6 percent over the past five years.
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WellPoint gets $87M Medicare contract renewal

September 21, 2010
Associated Press
The company said the Centers for Medicare & Medicaid Services renewed its durable medical equipment administrative contract for a region that covers Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio and Wisconsin.
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Indianapolis schools continue big enrollment drop

September 21, 2010
Associated Press
Indianapolis Public Schools lost more than 900 students from last school year, putting it within 800 students of falling behind Fort Wayne's school district as the state's largest.
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Proposed city parking deal would bring 200 jobs

September 21, 2010
Francesca Jarosz
A proposal to lease the city’s parking meters for 50 years would require the vendor to bring 200 jobs to Indianapolis for at least seven years. The salaries and benefits would range from $16,000 to $95,000 a year.
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