News & Analysis

Solar firm investing $500M in unused Getrag plant; 850 jobs planned

July 3, 2010
 IBJ Staff
A Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo, creating as many as 850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
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Radio warrior Amos Brown's style boosts ratings, influence

July 3, 2010
Anthony Schoettle
The WTLC-AM 1310 personality's penchant for asking tough questions has made him one of Indianapolis’ most influential community activists and made his daily radio show—“Afternoons with Amos”—one of the city’s most popular talk shows.
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Central Indiana aims to become electric vehicle powerhouseRestricted Content

July 3, 2010
Chris O'Malley
Central Indiana might be in line to tap hundreds of millions of dollars in federal grants and loan guarantees to energize the rollout of plug-in electric cars and trucks. Both chambers of Congress are considering measures that would require the Department of Energy to select up to 15 cities nationwide to participate in a national electric vehicle deployment program.
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Indiana Black Expo Summer Celebration schedule

July 3, 2010
Indiana Black Expo kicks off its 40th annual Summer Celebration July 12 with a full schedule of events.
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Delta Faucet adaps to new normal in homebuildingRestricted Content

July 3, 2010
Kathleen McLaughlin
The company's total employment is 1,345, down 43 percent from 2007.
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Bond swaps cost city units $93M in penalties

July 3, 2010
Cory Schouten
Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied on misguided assumptions, and taxpayers paid.
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Thirst rises for liquor licenses in Marion CountyRestricted Content

July 3, 2010
Kathleen McLaughlin
Finding the golden ticket of a liquor license in Indianapolis can be tricky—and costly. All 321 permits allowed in Marion County under a state quota have been allotted. Unless a restaurant is opening in an “off-quota” district, the owner has to find someone willing to transfer an existing license.
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Smart plug-in is audibly different from conventional modelRestricted Content

July 3, 2010
Chris O'Malley
The future of electric-powered automotive transportation is already sitting in the showroom of the Indianapolis Smart car dealership at 4000 E. 96th St. It’s a European version of the plug-in Smart.
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Biglari invests $41M in Steak n Shake parent over 2 monthsRestricted Content

July 3, 2010
Cory Schouten
The CEO of the parent company of Steak n Shake spent $40.8 million to acquire more than 134,000 shares in May and June. He now controls about 202,000 shares, or 14 percent of the 1.4 million shares outstanding.
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IBJ wins 9 national journalism awardsRestricted Content

July 3, 2010
 IBJ Staff
IBJ won eight awards at the Alliance of Area Business Publications’ summer conference June 26 in Indianapolis.
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Program tying doctor bonuses to quality goes statewideRestricted Content

July 3, 2010
J.K. Wall
The program currently includes 1,200 physicians—about 10 percent of all doctors in Indiana.
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Risk inherent with bid to bring World Cup to IndyRestricted Content

July 3, 2010
Anthony Schoettle
But promoters of effort to bring global soccer competition here in 2018 or 2022 aren't concerned about repeat of financial failures of World Basketball Championships.
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Health care reform bringing changes to Caregivers

July 3, 2010
Scott Olson
Caregivers anticipates coping with declining Medicare reimbursements while having to offer insurance to its employees.
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DINING: Clubhouse serves mixed messages

July 3, 2010
Lou Harry
Southside newcomer serves a memorable burger.
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CIB audit shows agency finances improving

July 2, 2010
Scott Olson
The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.
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Connecticut to probe WellPoint security breach

July 2, 2010
Bloomberg News
Attorney general seeks more details on the breach, which may have compromised financial and health information on almost 500,000 people. He also calls on the Indianapolis-based insurer to provide affected customers with credit monitoring and theft protection services.
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INSIDE DISH: Hollyhock Hill sticks with recipe for nostalgia

July 2, 2010
Mason King
Hollyhock
                           watch video iconThe country-cuisine icon has survived several recessions and dozens of food fads. Owner Jay Snyder is staying the course, while looking ahead to his exit.
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Wishard construction bids starting to flow

July 2, 2010
Scott Olson
About $72 million in bids have been awarded so far for the $754 million Wishard Hospital project—ahead of schedule and under budget, for the time being—including demolition and foundation work.
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Lilly acquires biotech company with pancreatic drug

July 2, 2010
J.K. Wall
Massachusetts-based Alnara Pharmaceuticals Inc., which has attracted $55 million in venture capital in the past two years, recently submitted its drug to the FDA for market approval.
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Fort Wayne medical practice splits, following industry trend

July 2, 2010
J.K. Wall
More than 100 staff members of Indiana Medical Associates LLC likely will land at one of two area hospital systems. The move mirrors national and local consolidation of practices with hospitals.
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Vera Bradley files for $175M IPO

July 1, 2010
 IBJ Staff
The 28-year-old company reported profit in its latest fiscal year of $43.2 million on $288.9 million in sales.
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Richmond factory being closed by new owner

July 1, 2010
Associated Press
Engineered Plastic Components decision will cost 75 workers their jobs at the former Innatech plant.
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Daniels appoints trustees to IU, Purdue boards

July 1, 2010
 IBJ Staff
Former chair of the National Endowment for the Humanities among IU appointments.
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Local union boss on GM talks: 'They're forcing this upon us'

July 1, 2010
J.K. Wall
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over public protest of 650 local union workers.
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Employers mull legal challenge to new state gun law

July 1, 2010
Scott Olson
Indiana Chamber of Commerce president says several members have inquired about pursuing legal action, though nothing formal is in the works yet.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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