News & Analysis

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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Taft takes four patent lawyers from Bose McKinney

April 30, 2010
Scott Olson
The highest-profile addition is Jim Coles, a veteran lawyer who will co-lead his new firm's intellectual property practice.
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INSIDE DISH: Papa Roux pops after stumbling at the start

April 30, 2010
Mason King
PapaRoux_WatchvideoArt Bouvier fled his corporate IT gig to open a small Cajun place without a business plan or prior restaurant experience. After a number of blunders, Papa Roux looks like it will pan out.
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Wishard Foundation appoints new leader

April 30, 2010
Ernest Vargo II's Vargo's top priority will be guiding the foundation's $50 million capital campaign for the construction of the new, $754 million Wishard Hospital.
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Goldsmith to become New York deputy mayor, reports say

April 30, 2010
 IBJ Staff
Goldsmith, 64, was Indianapolis mayor from 1992 to 2000. He will replace Ed Skyler, 36, who is leaving the post to join Citigroup.
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Employment costs up 0.6 percent in first quarter

April 30, 2010
Associated Press
The increase was the biggest quarterly gain since a similar 0.6-percent rise in the third quarter of 2008.
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Goldsmith named deputy mayor of New York City

April 30, 2010
 IBJ Staff, Associated Press
The former Indianapolis mayor will become a deputy mayor and oversee the fire and police departments.
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Simon Property earnings fall on debt-retirement expenditures

April 30, 2010
Bloomberg News
Funds from operations fell to $325.6 million, or 94 cents a share, from $476.8 million, or $1.61 a year earlier, the Indianapolis-based shopping mall giant said Friday morning.
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ExactTarget reports record quarterly revenue

April 30, 2010
The Indianapolis-based e-mail marketing firm posted revenue of $29 million in the first three months of the year, a 37-percent increase from the same period last year.
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Anthem Blue Cross withdraws big California rate hike

April 29, 2010
Associated Press
Anthem Blue Cross withdrew plans to raise health insurance rates for Californians by as much as 39 percent after an independent audit determined the company's justification for raising premiums was based on flawed data.
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State finalizes auction-rate securities settlements

April 29, 2010
Scott Olson
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million and to pay fines totaling more than $3.5 million.
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Sale of GM plant could come as soon as June

April 29, 2010
Scott Olson
UAW official says General Motors and prospective buyer are working on a "real aggressive" schedule to have the acquisition completed by the end of June.
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Earthquake shakes Baldwin's first-quarter profit

April 29, 2010
J.K. Wall
The February earthquake in Chile sent first-quarter profit tumbling 90 percent at Indianapolis-based property and casualty insurer Baldwin & Lyons Inc.
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Memory Gardens manager sought $3.2M, awarded $175,000

April 29, 2010
Scott Olson
A Johnson County judge approved the reduced amount, which was agreed upon during mediation. The settlement brings funeral home and cemetery business a step closer to being sold.
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Former Star columnist suing newspaper

April 29, 2010
Scott Olson
Susan Guyett, who wrote the Talk of Our Town column, claims the newspaper discriminated against her on the basis of age when she was let go from her job in 2008.
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Duke Realty reports leasing at 5-year high

April 29, 2010
Cory Schouten
Duke Realty Corp. handled more leasing activity last quarter than it has in any first quarter in five years, the locally based real estate investment trust said on Wednesday.
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Prosecutor's Office missed deadline on $273K in seized OmniSource cash

April 28, 2010
Cory Schouten
The Indianapolis Metropolitan Police Department likely will have to return more than $273,000 in cash seized as part of a racketeering investigation after the Marion County Prosecutor's Office missed a civil forfeiture deadline.
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Navistar finalizes foundry closing

April 28, 2010
 IBJ Staff
Navistar Inc. has notified state leaders that its Indianapolis Casting Corp. foundry at 5565 Brookville Road will close in July, costing about 220 employees their jobs.
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LEADING QUESTIONS: Conner Prairie CEO on missteps, 'The Matrix'

April 28, 2010
Mason King
LQ_Rosenthal_WatchVideoEllen Rosenthal, CEO of the 19th-century history park, shares her biggest career blunder, how to raise funds in a recession, and how Conner Prairie is like a certain sci-fi film.
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