News & Analysis

IURC to re-examine Duke project amid ethics flap

October 15, 2010
J.K. Wall
The commission is summoning the CEO of North Carolina-based Duke Energy to justify the $2.9 billion Edwardsport plant on the same day the state ethics board filed formal charges against a former IURC attorney hired by Duke.
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Emmis loss shrinks as radio stations produce more cash

October 15, 2010
J.K. Wall
The Indianapolis-based media company announced this morning that it lost $2.3 million in the latest quarter, down from a whopping $135.6 million in the same period a year earlier.
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AmericInn buys Fishers hotel, enters local market

October 15, 2010
 IBJ Staff
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
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Indiana loans for jobless to hit businesses Jan. 1

October 14, 2010
Associated Press
The state will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits.
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Former agent's admission shines light on NCAA enforcement

October 14, 2010
Scott Olson
Indianapolis-based college sports body acknowledges that it needs the help of others, including former players, coaches and the National Football League, to reduce improprieties.
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FSSA secretary gets green light to take new job

October 14, 2010
Associated Press
Family and Social Services Administration Secretary Anne Murphy can take a private-sector job helping a hospital network cope with the federal health care overhaul she opposed as a public official, the state ethics commission said Thursday.
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City pitching in $38M for $192M Clarian project

October 14, 2010
Cory Schouten
The city is kicking in up to $38 million for infrastructure upgrades to support a massive expansion of the Clarian Health campus at 16th Street and Capitol Avenue.
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Applications for jobless benefits rise again

October 14, 2010
Associated Press
Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are still reluctant to hire in a slow economy.
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Roche acquires assets from Virginia IT company

October 14, 2010
Terms of the deal, announced on Wednesday, call for Roche to acquire all the assets associated with Medical Automation Systems Inc.'s point-of-care information technology connectivity system.
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ChaCha lands $20 million venture investment

October 14, 2010
 IBJ Staff
The funding comes from new investors VantagePoint Venture Partners and Rho Ventures. Since its inception in December 2005, ChaCha has raised more than $50 million, including $7 million earlier this year from a venture capital fund.
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Schools, state argue in court over funding formula

October 13, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools sued the state in February, claiming its school funding formula unfairly penalizes growing districts.
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Purdue pay freeze could end soon for some

October 13, 2010
Associated Press
Purdue President France Cordova will ask university trustees to approve 1.5-percent merit raises for some employees, providing them with their first pay increase in more than two years.
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Durham art auction offers hope for Ohio investors

October 13, 2010
Cory Schouten
The eclectic art collection of disgraced financier Tim Durham will hit the auction block Saturday in a sale that could help restore a small portion of the money lost by investors in Ohio's Fair Finance.
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Rokita to politicians: Careful with donations from union

October 13, 2010
J.K. Wall
Secretary of state warns candidates that if he prevails in court, his securities division staff will pursue any money the candidates received from the Indiana State Teachers Association's political action committee.
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Heating bills should be cheaper this winter, utility says

October 13, 2010
Citizens Energy Group projects that the gas bill of its average residential customer will decline about 7 percent over the winter heating season. The utility said a customer who uses the typical amount of natural gas will spend $580, down from $620 last season.
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LEADING QUESTIONS: CPA Sponsel takes calculated risk

October 13, 2010
Mason King
Sponsel WatchVideoWith a family history rich with entrepreneurs, Tom Sponsel decided late in his accounting career to strike out on his own.
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WellPoint, Aetna led U.S. insurers in coverage denial

October 13, 2010
Bloomberg News
Until all consumers are required to buy health insurance, coverage restrictions are needed to keep people from gaming the system, insurers say.
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Biomet sales rise, but slower than expected

October 13, 2010
Associated Press
Biomet's quarterly results are considered an indicator on the state of the orthopedic device industry because it reports results before most of its competitors.
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Duke Energy wins verdict reversal in clean-air case

October 13, 2010
Bloomberg News
The renovations complied with Indiana's plan for implementing the federal Clean Air Act, a three-judge panel of the U.S. Court of Appeals in Chicago said in Tuesday's ruling.
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Lilly falls short on 'field goal' attempt

October 13, 2010
J.K. Wall
Eli Lilly and Co.’s “miss” on a new use for its cancer drug Alimta was a rare failure to get an existing drug approved for a new use—even though the company has struggled mightily to get entirely new drugs to market.
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Irsay: NFL owners, players 'have to find a solution'

October 13, 2010
Bloomberg News
National Football League owners are looking for ways to reach a new labor deal with players and preparing for what happens if those efforts don’t succeed. A strike or lockout could affect Indianapolis' plans to host the 2012 Super Bowl.
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German steelmaker expanding in Tell City

October 12, 2010
Associated Press
A unit of the German steelmaker ThyssenKrupp AG said Tuesday it will invest $36.5 million in equipment to expand capacity at the 480,000-square-foot plant, creating up to 160 jobs.
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Reebok's loss of NFL contract could hurt local plant

October 12, 2010
 IBJ Staff and Bloomberg News
Competitor Nike Inc. will become the official apparel maker for the National Football League in 2012. The loss of the contract could mean layoffs at the Reebok plant on Indianapolis' east side that makes NFL apparel and employs about 1,000.
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Home sales continue to slump, but prices rise

October 12, 2010
 IBJ Staff
Home-sale agreements in the nine-county area fell 22.8 percent in September when compared with the same month a year earlier, according to a report released Tuesday by F.C. Tucker Co.
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Duke Energy names interim president amid probe

October 12, 2010
Scott Olson
Decision to replace Indiana CEO Mike Reed, who has been placed on administrative leave, follows a state investigation into an ethics controversy involving Duke that resulted in the dismissal of the chairman of the Indiana Utility Regulatory Commission.
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  1. "This was a very localized, Indiana issue," he said. As in, Indiana failed to expand Medicaid to cover its poor citizens resulting in the loss of essential medical services, including this EMS company. Well done, Indiana GOP. Here are the real death panels: GOP state governments who refuse to expand Medicaid for political reasons.

  2. In the "one for all, all for none" socialist doctrine the sick die...this plus obama"care" equates to caucasian genocide plus pushed flight to cities thus further eroding the conservative base and the continualed spiral toward complete liberal/progressive/marxist America.

  3. There is a simple reason why WISH is not reporting on this story. LIN has others stations in different markets that are affiliated with CBS. Reporting about CBS blindsiding WISH/LIN due to CBS's greed and bullying tatics would risk any future negoations LIN will have with CBS in other markets.

  4. My best always! Dave Wilson

  5. How did Columbus, Ohio pull off a car share service without a single dollar of public subsidies? They must not have a mayor who is on the take like Indianapolis. Daimler Benz offers Columbus residents their Smart Cars on a market-driven basis: "This has some neat features. Cars don’t have to be picked up and dropped off at fixed points. You find one with your smart phone based on GPS, and drop it off anywhere in the service area you can find a spot – even at a meter. These cars aren’t required to feed the meter so you get free on street parking while using them. I was told this system was put in place on a market basis without subsidies – and that the vendor actually pays the city for the use of the meters." http://www.urbanophile.com/2014/05/26/checking-in-on-columbus/

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