News & Analysis

Indy Partnership aims to double economic development dealsRestricted Content

March 20, 2010
Peter Schnitzler
The organization last year closed 11 business expansion or attraction deals, netting 2,950 new jobs in the process.
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City, NCAA forge 30-year event pact

March 20, 2010
Anthony Schoettle
It started as a meeting seven years ago between the NCAA, city and state officials, representatives of the Indiana Sports Corp. and a few others. The result was an agreement assuring Indianapolis hosts a major NCAA event every year between now and 2039.
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Year delay in unemployment tax hike won't satisfy Uncle SamRestricted Content

March 20, 2010
Peter Schnitzler
Hoosier legislators are crowing about the deal they just brokered to delay a $400 million state tax hike meant to shore up Indiana's bankrupt Unemployment Insurance Trust Fund. Here's what they're not touting: the mandatory federal tax increases every single business in Indiana now faces the next three years.
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Sales slowdown prompts biz model change at WeblinkRestricted Content

March 20, 2010
Chris O'Malley
Software maker took abrupt turn into advertising for its customers when recession threatened.
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Thousands of teachers losing jobs, union says

March 19, 2010
Associated Press
Indiana State Teachers Association forecasts up to 5,000 teachers may lose their jobs. That's about 8 percent of public school teachers statewide.
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Shriners weighing legal options against Live Nation

March 19, 2010
Kathleen McLaughlin
Group that owns downtown's Murat Theatre is considering legal options to prevent the venue's name from changing to Old National Centre.
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Old National cut CEO's pay 10.6 percent last year

March 19, 2010
Peter Schnitzler
The Evansville-based bank, the largest financial institution headquartered in Indiana, awarded Robert Jones $1.2 million in total compensation last year, or $146,177 less than in 2008.
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Blue Bell ice cream coming to Indianapolis

March 19, 2010
Scott Olson
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution will be assisted by the building of a 12,000-square-foot facility on the northwest side.
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Ex-exec accuses JA of withholding retirement funds

March 19, 2010
Victor George filed suit in federal court, alleging Junior Achievement failed to properly remit money to his retirement and health-savings accounts.
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Democrat stalwart Hogsett said to be U.S. attorney nominee

March 19, 2010
Scott Olson
The U.S. Attorney's office in Indianapolis has been without a presidentially appointed U.S. attorney for more than two years. Joe Hogsett, a former secretary of state, is likely the frontrunner.
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Home builder officially declares bankruptcy

March 19, 2010
Indianapolis home builder Hansen & Horn Group Inc. has officially declared bankruptcy after owners agreed to liquidate the company earlier this month.
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Anderson schools might cut 200-plus jobs

March 19, 2010
Associated Press
A central Indiana school district could see 20 percent of its jobs cut for next school year as it works to close a multimillion-dollar budget deficit.
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City economic development office hires international leader

March 19, 2010
Peter Schnitzler
Former Indiana Economic Development Corp. project manager will focus on developing business relationships with European companies.
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Workplace guns bill gets governor's signature

March 18, 2010
Associated Press
The law, which takes effect July 1, lets workers keep guns locked out of sight in their vehicles while parked on their employers' property.
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Contractors seek answers over Junior Achievement project

March 18, 2010
Kathleen McLaughlin
The Central Indiana Community Foundation has stopped payment on a $3 million grant to Junior Achievement because of accounting questions.
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Metro Airport operator seeks lease changes

March 18, 2010
Chris O'Malley
Airport contractor Indianapolis Aviation seeks approval for auto-dealership group to occupy hangar at Metro Airport in Fishers.
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Shoe Carnival profit beats estimates

March 18, 2010
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
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Trailer company buying closed northern Indiana factory

March 18, 2010
 IBJ Staff and Associated Press
Executives of Novae Corp. announced plans for the company's expansion in North Manchester, where it expects to employ perhaps 85 people by 2013.
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Simon Property Group adds Glasscock to board

March 18, 2010
 IBJ Staff and Associated Press
Former WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
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Governor signs ethics, slot-withholding laws

March 18, 2010
Associated Press
Indiana Gov. Mitch Daniels signed 23 bills into law on Wednesday.
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Judge's disclosure rules broader than Bren Simon sought

March 17, 2010
Greg Andrews
The protective order will allow David Simon and Cynthia Simon-Skjodt access to records, even though they aren't plaintiffs.
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Indiana takes over third place in gambling revenue

March 17, 2010
 IBJ Staff and Associated Press
Indiana's reign at No. 3 may not last more than a year. It faces new competition from Ohio and possibly Kentucky.
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Deadline passes with no bids to buy Winona

March 17, 2010
The city of Indianapolis, which had listed the property for $667,500, had hoped to sell it the former hospital for redevelopment.
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Lilly sues to block generic of Adcirca lung treatment

March 17, 2010
Bloomberg News
Netherlands-based Synthon Pharmaceuticals is seeking U.S. Food and Drug Administration approval to sell a copy of the medicine.
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National Wine inks merger deal with Dallas wholesaler

March 17, 2010
Scott Olson
Indianapolis-based beverage distributor plans to merge with Republic National Distributing Co. to fend off out-of-state heavyweight.
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