News & Analysis

Interactive Intelligence performance lifts CEO's pay

April 15, 2010
Peter Schnitzler
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169 percent.
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IUPUI cracks top 10 in MBA program rankings

April 15, 2010
 IBJ Staff
The Kelley School of Business' "Evening MBA" program at IUPUI finished 10th overall and fourth among public business schools in U.S. News & World Report's inaugural ranking of part-time MBA programs.
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Rockefeller: Insurers don't spend enough on medical care

April 15, 2010
Bloomberg News
Indianapolis-based WellPoint “reclassified” more than half a billion dollars of administrative expenses as medical expenses when it was defining its medical-loss ratio, according to a report released by U.S. Senator Jay Rockefeller’s office.
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IEDC leads European trade mission

April 15, 2010
Peter Schnitzler
The Indiana delegation plans to visit Germany, Italy and the United Kingdom on a job- and investment-attraction mission.
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California brewer to open Franklin plant, hire up to 150

April 15, 2010
 IBJ Staff
TailGate Beer said it will invest millions of dollars in machinery, equipment and energy-efficiency upgrades to establish operations in an existing 48,000-square-foot building in Franklin Business Park.
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Butler's Hayward declares himself eligible for NBA draft

April 14, 2010
Butler University star sophomore Gordon Hayward does not plan to hire an agent, which means he could return to school if he does not like his draft status.
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Local Scholars Inn sold, to reopen under new name

April 14, 2010
Scott Olson
The Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator who will lease the space from the building's owners.
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LEADING QUESTIONS: Real estate maven keeps even keel

April 14, 2010
Mason King
LQHenry_WatchVideoIn IBJ's new video feature offering management wisdom, Jeff Henry of commercial real estate brokerage Cassidy Turley reveals how to keep your staff cool when the heat is on.
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Pacers playing hardball with city on lease

April 14, 2010
Anthony Schoettle
The Indiana Pacers set a June 30 deadline to get a deal worked out to operate Conseco Fieldhouse. The team wants $15 million annually.
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Judge OKs sale of cemetery, funeral home company

April 14, 2010
Scott Olson
Pennsylvania company is one step closer to purchasing the Indianapolis-based Memory Gardens Management Corp., whose former owner pleaded guilty to theft and securities fraud.
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State unveils Web tools aimed to curb unemployment abuse

April 14, 2010
Peter Schnitzler
The Indiana Department of Workforce Development last year identified $3.9 million in unemployment fraud.
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Simon Property Group cranks up bid for General Growth

April 14, 2010
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
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Kite Realty Group slashes CEO's pay 44 percent

April 14, 2010
Peter Schnitzler
John A. Kite's total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
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Study: Ditch reform, add public option

April 14, 2010
J.K. Wall
In poll after poll, calls for repealing the new health insurance law get strong support. But if the law were repealed, an Indiana University survey released this week shows that Americans want a surprising thing in its place: a public option.
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Gleaners unveils $11.6M campaign for move to old Monarch site

April 14, 2010
Kathleen McLaughlin
Gleaners Food Bank is set to announce Wednesday that it is relocating to the former Monarch Beverage Co. warehouse on the southwest side of Indianapolis, and it hopes to raise $11.6 million for the move.
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Education stocks rise as reports hint at looser rules

April 13, 2010
Bloomberg News
Shares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
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Ex-race car driver loses appeal on Porsche ownership

April 13, 2010
Michael W. Hoskins
The 7th Circuit Court of Appeals has ruled that the Indianapolis Motor Speedway Foundation Inc. is the rightful owner of a classic 1979 Porsche on display at its Hall of Fame Museum.
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City cracks down on illegal massage parlors

April 13, 2010
Peter Schnitzler
A multi-agency code-enforcement sweep aimed at curbing prostitution and human-trafficking targets 13 massage parlors.
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Cook promises Old Centrum work will be done by year-end

April 13, 2010
Kathleen McLaughlin
Philanthropist Bill Cook will manage a $7 million restoration of the former Old Centrum building at 12th Street and Central Avenue in Indianapolis, and the newly renamed Indiana Landmarks will move its headquarters there.
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Airport CEO spent $37K on travel in first year

April 13, 2010
Chris O'Malley
John Clark took trips to Malayasia, England and the Super Bowl during his first year as CEO of the Indianapolis Airport Authority.
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Fair Finance trustee sues Dan Laikin for $19M

April 13, 2010
Greg Andrews
The suit against Laikin, a longtime friend of Fair Finance CEO Tim Durham, is the first major legal move to untangle the morass of related-party loans that propelled the company into insolvency.
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Centaur's junior lenders press for bankruptcy liquidation

April 13, 2010
Peter Schnitzler
Unsatisfied with the Hoosier Park owner's reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion of Chapter 11 bankruptcy into Chapter 7.
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CIB takes Black Expo grant request under consideration

April 13, 2010
Local not-for-profit wants annual $150,000 grant from the Capital Improvement Board restored to better market the Circle City Classic.
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Employers want cake, and to eat it, too

April 13, 2010
J.K. Wall
Employers are still trying to get their arms around what the new health insurance law will mean for them. But on the eve of the law's passage last month, a survey by Indianapolis-based United Benefit Advisors LLC showed employers as a group had no hope the law would reduce their costs but also no coherent plan for reforming the current system.
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Indiana Design Center lines up tenants

April 13, 2010
Tom Harton
The $25 million project, which is the cornerstone of Carmel's Arts & Design District, has signed 11 interior design-related tenants and a restaurant.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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