News & Analysis

Simon Property steps up fight for General Growth

May 4, 2010
Bloomberg News
The latest proposal is the Indianapolis-based company's third attempt to buy or gain a piece of the No. 2 mall owner.
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General Growth backs new Brookfield plan over Simon offer, source says

May 3, 2010
Bloomberg News
General Growth Properties Inc. plans to back a revised bankruptcy exit plan proposed by Brookfield Asset Management Inc. over a competing offer by Simon Property Group Inc.
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Biglari Holdings targets auto-parts chain

May 3, 2010
Cory Schouten
The parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
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Vontoo CEO to receive TechPoint Trailblazer Award

May 3, 2010
Robert Compton will receive the honor for his contributions to the state's high-tech sector at the Mira Awards program May 15.
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Several school districts seek passage of referendums

May 3, 2010
Scott Olson
Administrators are asking for millions of dollars of additional money to prevent teacher cuts and to support school building projects.
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HardingPoorman acquires Saint Clair Press

May 3, 2010
 IBJ Staff
The deal brings together two of the Indianapolis-area's largest commercial printers.
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United, Continental agree to combine in $3B deal

May 3, 2010
 IBJ Staff and Associated Press
At Indianapolis International Airport, United accounts for 7.2 percent of passenger traffic and Continental accounts for 5.8 percent, a total of 13 percent, according to March figures from the airport.
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Recession ships more Indiana jobs to other countries

May 2, 2010
Associated Press
The number of Indiana plants, warehouses and offices sending jobs abroad since the recession began in December 2007 is more than double that of past economic downturns.
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Consumer spending rises, but stocks end April on down note

May 1, 2010
Associated Press
Goldman Sachs investigation sparks fears about harm to banking industry.
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Corporate hospitality in doldrums at Speedway

May 1, 2010
Anthony Schoettle
Unfathomable just a decade ago, the Indianapolis Motor Speedway is trimming demands on hospitality packages in a scramble to fill vacancies and preserve what IMS officials call "a major profit center."
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Connector bridges gap between convention center and stadiumRestricted Content

May 1, 2010
Norm Heikens
Designers of a walkway that connects the buildings are making the experience as attractive as possible in order to overcome the psychological barrier of moving from one building to another.
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Indianapolis beats Louisville on visitors, but not spaceRestricted Content

May 1, 2010
Together, the Kentucky International Convention Center and the Kentucky Exhibition Center offer cavernous space. However, Indianapolis is attracting more guests.
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Closing of Purdue's Chao Center is setback for BioCrossroads

May 1, 2010
J.K. Wall
The university is hoping to find a private company to take over the 5-year-old facility, which formulated and manufactured small batches of drugs used in clinical trials.
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Startup sees big potential for 'ouchless' medical testsRestricted Content

May 1, 2010
J.K. Wall
Companion Diagnostics wants to detect early warning signs of chronic diseases.
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Coles Marketing lands account for gardening firmRestricted Content

May 1, 2010
The locally based firm will serve as the ad agency for SteadyGro, which aims to optimize soilless plant growth.
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Area reaches end of an era for church constructionRestricted Content

May 1, 2010
Kathleen McLaughlin
The $16.5 million worship auditorium that Northview Church in Carmel opened last month may be the last major church-related project completed in central Indiana for years. Although many projects were finished before the recession, churches, which usually pay for much of construction in cash, struggled to collect pledges.
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Fate of $200,000 JA scholarship a mysteryRestricted Content

May 1, 2010
Kathleen McLaughlin
The turmoil that now engulfs Junior Achievement of Central Indiana likely was spawned by questions that arose in 2008 about the handling of a scholarship fund worth about $200,000.
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Education trend targets training for principals

May 1, 2010
J.K. Wall
Three Hoosier universities—Notre Dame, Marian and Indiana—are moving to launch programs that seek to apply MBA-style training to the unique demands of schools.
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All Things Automotive aims for national reach, 20 stores by year-endRestricted Content

May 1, 2010
Chris O'Malley
GM's axing of its Saturn brand may fuel the nationwide emergence of an Indianapolis-based used-car franchisor. The first All Things Automotive franchise will open this month in Fishers, at the former Saturn store owned by Lockhart Automotive Group.
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British tour firms' visit may lead to transatlantic direct flightsRestricted Content

May 1, 2010
Anthony Schoettle
An initiative to bring 10 of the biggest travel tour operators in the United Kingdom to this year's Indianapolis 500 could be a first step in bolstering business at the Indianapolis Motor Speedway, area golf courses and Indianapolis International Airport, where city boosters hope to establish direct flights to London.
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Hotels slowly recovering from worst downturn in 40 years

May 1, 2010
Anthony Schoettle
Hotel occupancy rates in the last two years have plunged nationally and locally to levels not seen in decades, putting a number of hotels at or near the financial breaking point. But relief finally appears to be on the way.
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Governor says Indiana won't increase high-risk insurance pool

April 30, 2010
Associated Press
Daniels cites unacceptable financial risks to state in announcing federal government will establish such coverage here.
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UPDATE: Tennis Center set for summer demolition

April 30, 2010
Anthony Schoettle
Sources close to the university said they expect a combination of parking facilities and a multi-use athletics venue and convocation center to be built on the site.
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Simon Property cooperating With FTC on Prime Outlets inquiry

April 30, 2010
Bloomberg News
Some retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime Outlets be approved.
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Sale of Memory Gardens restores $20M in trust funds

April 30, 2010
Acquisition by Indianapolis-based funeral home and cemetery business by Pennsylvania-based company will preserve funds depleted by former owner.
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