News & Analysis

Columbia City plant to close, nixing 135 workers

February 12, 2010
 IBJ Staff and Associated Press
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according to a union official.
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Judge weighing request to unseal Fair Finance records

February 11, 2010
 IBJ Staff
A federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
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Remy inks deal to supply hybrid motors to Allison

February 11, 2010
Chris O'Malley
Remy International and Allison Transmission will work together on a hybrid commercial truck program. Latest supply deal to boost Remy's Anderson factory.
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Fair Finance going along with appointment of receiver

February 11, 2010
Greg Andrews
Attorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
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Herb Simon purchases Kirkus book review journal

February 11, 2010
Scott Olson
In a move not necessarily stranger than fiction, Herb Simon has bought Kirkus Reviews, the venerable journal of prepublication book reviews. The owner of the Indiana Pacers co-owns an independent bookstore in California and is described as a voracious reader.
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Senator backs down on bill altering historic-district rules

February 11, 2010
Cory Schouten
Sen. Patricia Miller will put on hold a bill that would have have stripped the Indianapolis Historic Preservation Commission of much of its authority. The bill was prompted by incidents including a dispute over St. John United Church of Christ.
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Kmart closing adds to Connersville jobless woes

February 11, 2010
Kmart's announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County, where the city is located, already is strapped by steep job losses.
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City seeking proposals to privatize parking operations

February 11, 2010
 IBJ Staff
Indianapolis leaders are officially seeking proposals from companies interested in running the city’s parking operations—and possibly additional spaces managed by other government entities.
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Carmel performing arts center raises curtain on new name

February 11, 2010
Kathleen McLaughlin
Carmel's new 1,600-seat concert hall will be called "The Palladium," part of a marketing effort designed to generate more financial support for the city's performing arts center.
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Toyota's new lobbyist strategy: factory workers

February 11, 2010
Bloomberg News
Facing intense scrutiny from the federal government, Toyota is trying a salt-of-the-earth offensive, paying for a group of its U.S. employees to talk with lawmakers. At least one is from Toyota's plant in Princeton, Ind.
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World Media Group to expand Indianapolis operations

February 11, 2010
 IBJ Staff
Multimedia products maker World Media Group Inc. will invest more than $2 million to expand its manufacturing operations on the east side of Indianapolis, increasing its workforce by 20 percent.
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State tries new plan to track students' growth

February 11, 2010
Associated Press
Instead of focusing on standardized tests, the Indiana Growth Model will monitor individual students' academic growth to measure their progress and identify effective teaching methods, state public education officials say.
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Governors ask Congress to go easy on Toyota

February 10, 2010
 IBJ Staff and Associated Press
Indiana Gov. Mitch Daniels and three other governors of states with Toyota plants are calling on Congress to be fair to the automaker in hearings concerning safety recalls.
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Mayor: Massive transit plan open for discussion

February 10, 2010
Chris O'Malley
Backers of the plan said the work by the Central Indiana Transit Task Force amounts to a crucial private-sector endorsement needed to finally proceed with a regional transportation system.
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Dow Agro CEO says pipeline of products strong

February 10, 2010
Dow AgroSciences CEO Antonio Galindez told investors Wednesday morning that the company plans to launch five products by 2013 that could increase annual revenue by $800 million.
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Durham-backed firm to halt trading, dissolve

February 10, 2010
Greg Andrews
Dallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.
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Lawsuit could bring NCAA financials to light

February 10, 2010
Anthony Schoettle
Lawyers for former UCLA basketball player Ed O'Bannon are promising to expose financial information about NCAA's licensing contracts the NCAA would rather keep private.
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Report: State's pharmaceutical contractors continue to grow

February 10, 2010
A report set to be released Wednesday by local life sciences industry group BioCrossroads says Indiana companies providing contract pharmaceutical research and manufacturing services are weathering the economic downturn and are growing.
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Wishard construction project enjoying cheap debt

February 10, 2010
J.K. Wall
The Health & Hospital Corp. of Marion County got good news in its first round of borrowing to finance a new Wishard hospital: The cost is less than expected.
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Lebanon startup driving hard deal

February 10, 2010
J.K. Wall
VoCare Inc. wants $4 million in cash and tax incentives to open headquarters and call center it says could employ 300 people.
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Task force endorses regional taxes for mass transit

February 9, 2010
Chris O'Malley
After 30 years of government studies of a regional transportation system, a private-sector group on Wednesday is set to unveil its own plan that includes commuter rail and toll lanes added to congested interstate highways.
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ExactTarget reports record annual results

February 9, 2010
Anthony Schoettle
Locally based e-mail marketing firm opens London office, adds big-name clients and secures $145 million in venture capital.
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Colts won't disclose which legislators got game tickets

February 9, 2010
Kathleen McLaughlin
The team sold Super Bowl tickets to 26 state lawmakers, 27 members of the City-County Council, 10 members of Mayor Greg Ballard's office, six other state officials, and four Congressmen.
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UPDATE: Steak n Shake confirms new corporate HQ

February 9, 2010
Cory Schouten
The Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming a story in IBJ's Feb. 8 print edition.
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Owners, developers see silver lining in health care real estate

February 9, 2010
Tom Harton
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers think it’s positioned to thrive.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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