News & Analysis

MZD Advertising signs deal with National Guard to publicize child care benefitsRestricted Content

November 10, 2008
Indianapolis-based MZD Advertising topped a field of 14 agencies competing to become agency of record for Gap Solutions Inc., which provides contracted services that support the National Guard Child Care Program.
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OneAmerica well positioned to acquire other insurance companiesRestricted Content

November 3, 2008
J.K. Wall
OneAmerica Financial Partners Inc. has made no secret of its desire to acquire other companies. Well, if it wants to buy, it could hardly find a better time.
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Could Lugar be tapped for Obama's cabinet?Restricted Content

November 3, 2008
Peter Schnitzler
Democratic Sen. Barack Obama has repeatedly described Republican Sen. Richard Lugar of Indiana as a mentor on foreign policy issues and may offer him a place in his administration.
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After record election revenues, TV ad income may hit 10-year lowRestricted Content

November 3, 2008
Anthony Schoettle
With the economic swoon and no political ad campaigns in 2009, TV ad revenue could hit a 10-year low next year.
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Bailout helping PNC take over NatCityRestricted Content

November 3, 2008
Cory Schouten
After a 17-year run in Indianapolis, National City's trademark green signs are set to be replaced with the blue of Pittsburgh-based PNC Financial. The $5.6 billion deal raises questions about the government's growing involvement in banking.
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Residents to decide fate of township assessorsRestricted Content

November 3, 2008
Peter Schnitzler
In this election, citizens must decide whether the assessing duties of the elected township assessor in the township should be transferred to the county assessor.
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Leaders analyze Denver's commuter transitRestricted Content

November 3, 2008
Chris O'Malley
 Sixty Indianapolis-area business and civic leaders visited Denver Oct. 19-21 as part of the Greater Indianapolis Chamber of Commerce 2008 Leadership Exchange and paid close attention to public transportation, especially commuter trains.
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Almost half of Martin U.'s trustees resign

November 3, 2008
Kathleen McLaughlin
Seven Martin University trustees have resigned this year, and at least two say President Algeania Freeman's methods were a factor.
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Accounting firms preparing for new international standardsRestricted Content

November 3, 2008
Scott Olson
 For corporations with a global presence, the transition to International Financial Reporting Standards should streamline the world's financial reporting system.
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Lending, deposits increase at credit unions despite subpar economyRestricted Content

November 3, 2008
Cory Schouten
While many banks were getting drunk on loose lending in the last few years, most credit unions stuck to conservative lending and other plain-vanilla banking practices.
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Plan trustees under increasing scrutinyRestricted Content

November 3, 2008
Steve Wylam
Times have changed and now plan trustees must ask themselves, "Am I wiling to take the chair" and defend my actions, or lack thereof, in a court of law?
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Vista Graphic buys Centennial Press for its direct-mail servicesRestricted Content

November 3, 2008
An Indianapolis company that specializes in printing, packaging and dimensional mail has bought a cross-town direct-mail firm to broaden its services.
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Indiana Economic Development Corporation offers new Web toolsRestricted Content

November 3, 2008
The Indiana Economic Development Corp. has launched two free Web tools to assist Hoosier businesses.
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Study says consumerism cuts costsRestricted Content

November 3, 2008
Consumer-directed health plans really work, at least according to WellPoint Inc., which has made a big push to sell them recently.
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Hawker Beechcraft Corp. at work on $14 million expansion of its airport terminal facilityRestricted Content

November 3, 2008
Hawker Beechcraft Corp. has begun work on a $14 million expansion of its terminal and aircraft service facility at Indianapolis International Airport.
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City prepares to compete for mega-conventions, risks losing small eventsRestricted Content

October 27, 2008
Anthony Schoettle

Over the years, the city has made a name for itself by hosting a handful of large conventions and a bevy of small and midsize gatherings.  But as companies and other organizations tighten their belts, the number of conventions held nationwide is expected to shrink in the months ahead.

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Obama raising more money in Indiana, but business interests stick with McCainRestricted Content

October 27, 2008
J.K. Wall

Republican Sen. John McCain has been unable to achieve the same Indiana fund-raising edge on his Democratic opponent that President George W. Bush did in past elections. Bush rang up an Indiana fund-raising advantage of $1.7 million over Sen. John Kerry in 2004, according to the Center for Responsive Politics. And his popularity in Indiana allowed him to spend those dollars to help him campaign in other states while easily winning Indiana's electoral votes. But this election, Sen. Barack Obama had outraised Republican John McCain by $360,000 through the end of August, when McCain's decision to take public campaign funds forced him to stop raising funds directly for himself. Obama did not take public funds, and so has continued to raise money.

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Flat passenger counts not seen as threat to paying debt on midfield terminalRestricted Content

October 27, 2008
Chris O\'malley

The big debt payments on the $1.1 billion midfield terminal at Indianapolis International Airport start coming due in January--just as a recession hits and the battered airline industry cuts capacity. Despite the likely prospect of fewer passengers than projected in the next year or two, airport managers say they don't anticipate problems shouldering the roughly $40 million a year in debt burden over the next 30 years for the new facility.


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As politics finds new mediums, local firms are along for the rideRestricted Content

October 27, 2008
Peter Schnitzler

In this year's election cycle, the policy watchword is "change." But amid the partisan debate, another type of change is revolutionizing the way candidates track voters and spread messages. Communication tools like text messaging, social networking and YouTube are increasingly integral to successful politics.

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Pacers cut costs, boost marketing to break even within three yearsRestricted Content

October 27, 2008
Anthony Schoettle

The Indiana Pacers are ratcheting up sales and marketing initiatives while cutting costs elsewhere in an effort to simultaneously ride out the economic storm and boost attendance. The team has little hope of being profitable this year-or even breaking even, said Pacers President Jim Morris, but he added that within three years the franchise's financial status should be much improved.


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Steak n Shake CEO ordering up cost cuts, but shares still sagRestricted Content

October 27, 2008
Cory Schouten

The Steak n Shake Co. has dropped plans to build 20 new restaurants, is cutting overhead expenses by about $20 million, and closed 14 locations. The Indianapolis-based restaurant chain found $16 million in tax savings dating back to 2006 and is working on a new, simple menu built around burgers, fries and milkshakes--all part of a turnaround plan orchestrated by the chain's new CEO, Sardar Biglari.


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Martin professor's ouster sparks student protests

October 27, 2008
Scott Olson
Martin University students upset over the firing of a popular professor are staging protests over the direction the school has taken under new President Algeania Freeman. Freeman in January replaced the Rev. Boniface Hardin, a Benedictine monk who founded the inner-city school 30 years ago. She since has roiled many faculty members and students by letting go employees-many times without reason, they contend-as part of a strategy to cut costs. IBJ reported their concerns in July. But the Oct. 20...
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WellPoint, St. Francis battle over insurer's IT problemsRestricted Content

October 20, 2008
J.K. Wall

A year of computer snafus boiled over Oct. 13 when the St. Francis system declared WellPoint Inc. in breach of its contract because of habitually late payments.


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Gubernatorial candidates Daniels, Thompson see economic development differentlyRestricted Content

October 20, 2008
Peter Schnitzler
Democratic gubernatorial candidate Jill Long Thompson promises to buoy Indiana's slumping rural counties with a three-tiered incentive plan. Republican Gov. Mitch Daniels has a different vision for stoking the state economy. He wants to build on Indiana's strengths--such as world-class research at universities--to innovate and create jobs.
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Lenders foreclose on at least 20 properties in mortgage schemeRestricted Content

October 20, 2008
Cory Schouten

Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.


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