News & Analysis

Pence praises 1st-year prison job-skills program

June 5, 2013
Associated Press
A program aimed at teaching and training prison inmates skills needed to get jobs when they are released has led to more than 600 people being employed in its first year.
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Toyota's Indiana plant adding more jobs than expected

June 5, 2013
Associated Press
Toyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana factory.
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Simon investors can proceed with CEO pay suit, judge rules

June 5, 2013
Bloomberg News
Simon Property Group Inc. investors can continue with a lawsuit in which company directors are accused of improperly raising CEO David Simon’s pay without shareholder approval, a judge ruled.
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Marion mayor seeking GOP nod for Indiana treasurer

June 4, 2013
Associated Press
Former Olympic figure skater and Marion Mayor Wayne Seybold announced Tuesday he would seek the Republican nomination for the office primarily concerned with state investments and pensions.
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Metropolitan development director gains deputy

June 4, 2013
Kathleen McLaughlin
The department has been without a deputy director since 2002, when former Mayor Bart Peterson eliminated the position because of budget reductions, DMD spokesman John Bartholomew said.
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National mortgage settlement checks in the mail

June 4, 2013
Associated Press
Indiana Attorney General Greg Zoeller says checks totaling more than $26 million will be mailed to more than 18,000 Indiana consumers this month containing shares of the National Mortgage Settlement.
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ExactTarget sale caps success story; CEO mum on Indy work force

June 4, 2013
Greg Andrews, Dan Human, Bloomberg News
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
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Former Indy Chamber prez scores consulting work

June 4, 2013
Dan Human
Scott Miller, who resigned from the chamber post after less than two years to follow his entrepreneurial bent, will help two local startups get off the ground.
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Former Q-95 executive lands gig in Chicago

June 4, 2013
 IBJ Staff
Marty Bender, who spent more than 20 years guiding local classic-rock radio powerhouse WFBQ-FM 94.7 as program director before his abrupt firing in 2010, has been hired as at WILV Chicago.
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Buckingham set to redevelop Carmel shopping center

June 4, 2013
Scott Olson
The Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes to start redeveloping as part of its long-awaited Gramercy project late this year.
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Marian has waiting list for very first medical class

June 4, 2013
Associated Press
Marian University in Indianapolis has announced it has reached its self-imposed limit of 162 students for the incoming class of its new college of osteopathic medicine. It will be the first medical school to open in Indiana in more than 100 years.
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Muncie council backs $60M project near Ball State

June 4, 2013
Associated Press
The Muncie City Council has approved financing for a six-story parking garage as part of a planned $60 million project with apartments and commercial storefronts.
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Salesforce.com buying Indy's ExactTarget in $2.5B deal

June 4, 2013
 IBJ Staff and Bloomberg News
ExactTarget, an Indianapolis-based digital marketing company, is fetching $33.75 per share—a whopping 53-percent premium to where its stock closed Monday.
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IEDC rolling out $1M diversity investment fund

June 4, 2013
Greg Andrews
Fund managers will seek to invest in companies owned by minorities, women and veterans that have sustainable competitive advantages, scalable business models and the potential for meaningful job creation.
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Carmel council clashes over support of Midtown project

June 4, 2013
Andrea Muirragui Davis
The Carmel City Council will not support Pedcor Cos.’ application for a state tax credit to help pay for a $100 million redevelopment project—a contentious decision Mayor Jim Brainard called “unusual and illogical.”
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Longtime business, civic leader Walls dies at 86

June 3, 2013
John W. Walls served as president of the Indiana Chamber of Commerce from 1977 to 1992 and as senior deputy mayor of Indianapolis under Richard Lugar.
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Indiana Blood Center cuts staff, scales back work

June 3, 2013
Associated Press
The not-for-profit blood center announced Monday that demand from hospitals has fallen 24 percent over the past year, forcing it to take steps that also include freezing management salaries, eliminating 45 positions and discontinuing a therapeutic phlebotomy program.
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Research institute tries to succeed where Michigan failed

June 3, 2013
J.K. Wall
While Indiana’s governor, legislature and life sciences executives are united behind the proposed Indiana Biosciences Research Institute, the state of Michigan has a cautionary tale to tell about such an effort.
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Simon to buy $569M stake in European mall operator

June 3, 2013
Bloomberg News
Simon will gain an ownership stake in six McArthurGlen properties in Austria, the Netherlands, Italy and the United Kingdom, and become a partner in the London-based firm's real estate management and development business.
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Bank seeks to foreclose on architectural firm’s HQ

June 3, 2013
Scott Olson
KeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property at 540 N. College Ave. The bank says it is owed nearly $1 million.
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Drug sold by Lilly tops Avastin in colon cancer survival study

June 3, 2013
Bloomberg News
Patients who got Erbitux together with chemotherapy as a first-line treatment lived about four months longer than those who got Avastin with chemotherapy, according to the 592-person study.
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Local startup aims to revolutionize sports officiating

June 3, 2013
Anthony Schoettle
The Tyros has come up with what company officials call a unique way to teach and train game referees and officials in sports ranging from basketball, baseball and football to wrestling and fencing.
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Fox59 losing anchor to Texas station

June 3, 2013
Chris O'Malley
Square-jawed news veteran Walt Maciborski will step down from the 5 p.m. newscast on Friday to take a similar gig in his adopted hometown of Austin, Texas.
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Manufacturing activity sinks to 4-year low

June 3, 2013
Associated Press
Manufacturing has struggled this year as weak economies abroad have slowed U.S. exports. U.S. businesses have also reduced their pace of investment in areas such as equipment and computer software.
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IU summer enrollment flat despite tuition discount

June 3, 2013
Associated Press
The second year of a 25-percent tuition discount still hasn't boosted summer semester enrollment at Indiana University's main campus.
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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