News & Analysis

NCAA to expand March Madness from 65 to 68 teams

April 22, 2010
The three-team expansion is much more modest than 80-team and 96-team proposals the NCAA outlined just a few weeks ago at the Final Four.
More

Local firm's Carolina development slides into bankruptcy

April 22, 2010
Scott Olson
Owner of Flaherty & Collins' apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It's the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
More

IDEM chief choking on EPA's new ozone proposal

April 22, 2010
Chris O'Malley
Cost of proposed EPA ozone limit would far outweigh any potential health benefits, Indiana Department of Environmental Management commissioner says.
More

Indiana schools to exit Race to the Top competition

April 22, 2010
J.K. Wall
State will bow out of the $4.35 billion federal competition after a highly public feud between public schools chief Tony Bennett and the state’s teachers unions.
More

PNC Financial's quarterly profit falls on bailout repayment

April 22, 2010
 IBJ Staff and Associated Press
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City name.
More

ITT Educational posts first-quarter profit, raises forecast

April 22, 2010
J.K. Wall
The Carmel-based operator of for-profit colleges pulled in profits of $85.7 million, or $2.46 per share, up nearly 44 percent from the same quarter a year ago.
More

Simon adds $1.1B to General Growth proposal

April 22, 2010
Bloomberg News
Simon Property Group Inc. added four backers to its proposal to help rival mall owner General Growth Properties Inc. emerge from bankruptcy, increasing the plan’s total investment by $1.1 billion.
More

Indianapolis gets $10 million for clean energy

April 21, 2010
Associated Press
The grant announced Wednesday is part of $452 million in stimulus funding nationwide for projects meant to make buildings more energy efficient.
More

Report: Indiana far short of funding teacher pensions

April 21, 2010
Associated Press
Indiana is among the nation's five most underfunded teacher pension programs, but low ranking is misleading.
More

Revised Mel Simon estate suit calls Bren 'abusive'

April 21, 2010
Greg Andrews
Melvin Simon’s daughter Deborah is lashing out at her stepmother Bren in a new court filing, saying  she was “mentally and verbally abusive” toward the billionaire late in his life and kept him isolated from friends and family.
More

ITT Educational altered test scores, ex-employee's suit says

April 21, 2010
Bloomberg News
Former director says he saw employees give passing scores to students who had failed entrance exams, raise their grades and alter their attendance records so they would continue to receive U.S. financial aid.
More

Ohio congressmen seek to raid Indy defense accounting jobs

April 21, 2010
Chris O'Malley
U.S. Reps. Kucinich and LaTourette say about 225 Marine Corps IT jobs belong in Cleveland instead of Indianapolis.
More

Santorini owner realizes 'American Dream' with national honor

April 21, 2010
Scott Olson
Fountain Square eatery owner Taki Sawi is one of only three restaurant operators to receive an award given by National Restaurant Association every two years.
More

LEADING QUESTIONS: Trucking firm CEO leans into the pain

April 21, 2010
Mason King
Russell_WatchVideoCeladon CEO Stephen Russell faced a treacherous patch of highway when fuel prices spiked and the recession drove the trucking industry into an economic Death Valley. In IBJ's new video feature on leadership issues, Russell explains how advice from his dentist helped pave the way to recovery.
More

Huntington Bancshares reports first profit since 2008

April 21, 2010
 IBJ Staff and Bloomberg News
Huntington National Bank, a subsidiary of Huntington Bancshares, operates nearly 50 branches and has about 600 employees in the Indianapolis area.
More

Drug prices rise ahead of rebates

April 21, 2010
J.K. Wall
Drug prices rose faster last year than they have in a decade—just in time for big rebates the drug industry promised as part of the health reform law.
More

Chrysler's old assets in bankruptcy can be liquidated, court rules

April 20, 2010
Bloomberg News
Investors who had challenged the bankruptcy sale, including the Indiana State Police Pension Trust, had argued that Treasury Secretary Timothy Geithner violated the Constitution by using TARP money to finance the sale, and had their arguments overruled in the appeals court.
More

City-County Building 'greening' project to cost $8 million

April 20, 2010
Chris O'Malley
City expects environmentally friendly overhaul of downtown headquarters to provide net savings of $250,000 per year.
More

Democrats want government approval of health premiums

April 20, 2010
Bloomberg News
Insurers like WellPoint Inc. should be required to get U.S. approval to increase premiums, Sens. Diane Feinstein and Tom Harkin say.
More

Circle Centre arcade reopens under new ownership

April 20, 2010
Texas-based Tilt Family Entertainment acquires GameWorks chain, which closed last month, leaving gaping hole on fourth floor of mall.
More

City flush with energy-saving ideas for building

April 20, 2010
Chris O'Malley
City-County Building energy-efficiency upgrades are set to be unveiled Tuesday afternoon. The nearly 50-year old landmark is the centerpiece of the city's greener-building initiative.
More

Airport cargo-traffic rise could be sign of improving economy

April 20, 2010
Chris O'Malley
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
More

Super Bowl practice facility moving to UIndy

April 20, 2010
Scott Olson
Host committee opts to partner with University of Indianapolis and build community center at Arsenal Tech High School, the original site of the domed practice facility.
More

USA Football makes move to Indianapolis official

April 20, 2010
 IBJ Staff
As expected, city officials announced Tuesday morning that USA Football will relocate its headquarters to Indianapolis from Vienna, Va. The move should be complete by August.
More

Marsh renews effort to sublease headquarters

April 20, 2010
Tom Harton
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
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. President Obama has referred to the ACA as "Obamacare" any number of times; one thing it is not, if you don't qualify for a subsidy, is "affordable".

  2. One important correction, Indiana does not have an ag-gag law, it was soundly defeated, or at least changed. It was stripped of everything to do with undercover pictures and video on farms. There is NO WAY on earth that ag gag laws will survive a constitutional challenge. None. Period. Also, the reason they are trying to keep you out, isn't so we don't show the blatant abuse like slamming pigs heads into the ground, it's show we don't show you the legal stuf... the anal electroctions, the cutting off of genitals without anesthesia, the tail docking, the cutting off of beaks, the baby male chicks getting thrown alive into a grinder, the deplorable conditions, downed animals, animals sitting in their own excrement, the throat slitting, the bolt guns. It is all deplorable behavior that doesn't belong in a civilized society. The meat, dairy and egg industries are running scared right now, which is why they are trying to pass these ridiculous laws. What a losing battle.

  3. Eating there years ago the food was decent, nothing to write home about. Weird thing was Javier tried to pass off the story the way he ended up in Indy was he took a bus he thought was going to Minneapolis. This seems to be the same story from the founder of Acapulco Joe's. Stopped going as I never really did trust him after that or the quality of what being served.

  4. Indianapolis...the city of cricket, chains, crime and call centers!

  5. "In real life, a farmer wants his livestock as happy and health as possible. Such treatment give the best financial return." I have to disagree. What's in the farmer's best interest is to raise as many animals as possible as quickly as possible as cheaply as possible. There is a reason grass-fed beef is more expensive than corn-fed beef: it costs more to raise. Since consumers often want more food for lower prices, the incentive is for farmers to maximize their production while minimizing their costs. Obviously, having very sick or dead animals does not help the farmer, however, so there is a line somewhere. Where that line is drawn is the question.

ADVERTISEMENT