News & Analysis

Elwood Staffing expands with Alabama acquisition

August 24, 2010
Purchase of Multi Staffing Services Inc. in Mobile, Ala., enables Columbus, Ind.-based Elwood Staffing to grow to 45 locations in 10 states and to more than $200 million in annual revenue. Founded in 1980, the company has 22 offices in Indiana.
More

Herff Jones buys globe maker Replogle

August 24, 2010
Replogle is one of the world's largest globe manufacturers and dates to the 1930s. The company as of 2004 had 225 employees and sales of $18 million.
More

Plea hearing set for defendant in $880M fraud case

August 23, 2010
Associated Press
Prosecutors say 41-year-old Miami Beach resident Nevin Shapiro left at least 60 investors in Florida, Indiana and New Jersey with about $80 million in losses after his Ponzi scheme collapsed.
More

Conrad hotel's Spa Chakra closes abruptly

August 23, 2010
Scott Olson
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving notification Friday that it had closed.
More

Three injured in downtown crane collapse

August 23, 2010
 Fox59 Report
Investigators haven't figured out what caused a crane to tip over Monday morning while crews were working on a chimney at the Rathskeller restaurant on East Michigan Street. Three people suffered minor injuries.
More

WRTV GM stepping down, other changes planned

August 23, 2010
Anthony Schoettle
After 31 years with the McGraw-Hill Cos., the last nine leading the local ABC affiliate, General Manager Don Lundy is calling it quits.
More

Arts funding maintained in proposed city budget

August 23, 2010
Scott Olson
Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor's budget plan calls for cutting $22 million in local spending. Funding for the parks department also should remain flat, at $21.1 million.
More

IUPUI launches undergrad program in philanthropic studies

August 23, 2010
Kathleen McLaughlin
Indiana University's Center on Philanthropy says its program is the only one in the country that focuses on philanthropy, as opposed to the more technical not-for-profit management offered by other universities.
More

Indiana State Fair ends with slightly smaller crowd

August 23, 2010
Associated Press
The Indiana State Fair has wrapped up a 17-day run during which officials say it drew 952,020 visitors.
More

Feds take over $20M Irwin pension shortfall

August 23, 2010
 IBJ Staff
The Pension Benefit Guaranty Corp. estimates Irwin Financial Corp.’s pension plan is 56 percent funded, with assets of $26.7 million to cover $47.2 million in benefit liabilities.
More

Financial records show Pirates win while losing

August 22, 2010
Associated Press
The Pirates, the Major League parent club of the Indianapolis Indians, made nearly $29.4 million in 2007 and 2008, according to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons.
More

Urban schools gather momentum in Indianapolis area

August 21, 2010
Norm Heikens
Resurgent Marion County districts are showing up affluent districts in improving student performance.
More

St. Vincent seeks growth in transplants

August 21, 2010
J.K. Wall
St. Vincent Health is moving aggressively to expand its transplant program in a direct challenge to Clarian Health's dominance in the field. The Indianapolis-based hospital system filed in July for permission to conduct pancreas transplants. And down the road, it's eyeing liver and maybe even lung transplants.
More

Marsh taken off the market

August 21, 2010
Cory Schouten
The parent company of Marsh Supermarkets plans to continue investing in the local grocery chain after it failed to find a buyer for the chain of roughly 100 stores. Half of those are in Indianapolis.
More

Casino operator Centaur aims to exit bankruptcy much leaner

August 21, 2010
Scott Olson
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
More

Kirr Marbach & Co. mutual fund among nation's best performers

August 21, 2010
Among value funds that include companies of varying sizes, the performance of the Kirr Marbach Partners Value Fund ranks No. 2 out of 357 similar funds.
More

Pearl IRB first firm in state to pre-screen clinical drug trialsRestricted Content

August 21, 2010
Chris O'Malley
Two former Eli Lilly and Co. employees launched the firm that promises to attract more clinical trial business to the state.
More

Lending overhaul could be trouble for ITT

August 21, 2010
J.K. Wall
New student-lending rules proposed by the Obama administration could wipe out as much as two-thirds of profits at Carmel-based ITT Educational Services Inc., some analysts believe.
More

Popular toning shoes give big boost to The Finish Line

August 21, 2010
Cory Schouten
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue this year.
More

Smooth utility deal carries potential bonus for cityRestricted Content

August 21, 2010
Chris O'Malley
If Citizens Energy can successfully manage and mitigate over the next two years the city's lingering legal and contractual obligations involving the water and sewer utilities Citizens is negotiating to buy, the city can hang onto an extra $25 million in the deal.
More

Strategy key as arts groups launch simultaneous campaignsRestricted Content

August 21, 2010
Kathleen McLaughlin
A wave of fundraising pitches is about to wash over Indianapolis arts supporters. Five organizations either have announced or are working toward the launch of major campaigns.
More

Emmis again delays vote to go private

August 20, 2010
Anthony Schoettle
The media company schedules another meeting for Aug. 27—what will be the fourth in five weeks—in hopes of gaining enough votes to take company off the public market.
More

Indiana University board approves pay-raise plan

August 20, 2010
Associated Press
The plan raises pay an average of 3 percent for most of the school's 17,000 employees.
More

Indiana, Indy stage small employment gains

August 20, 2010
Norm Heikens
Indiana's unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
More

Weekend bike race incorporates Circle into course

August 20, 2010
Scott Olson
Inaugural Indy Criterium using famed landmark in race that organizers hope will become an annual event. The race begins at 9 a.m. on Saturday.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

ADVERTISEMENT