Indianapolis Business Journal

JANUARY 14-20, 2013

This week, read about a local group's plans to develop the nation's largest rugby complex and find out how much more money Indianapolis' symphony needs to raise by a February deadline. In Focus, see how liberal arts colleges are responding to challenges. And in A&E, Lou Harry shares his take on a National Geographic photo show at the Eiteljorg.

Front PageBack to Top

Analysts: ITT’s woes are likely to worsen

Investors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.

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New ChaCha unit to pair celebrities, advertisers

The ever-evolving information/answers service ChaCha Search has launched a startup within the 7-year-old company. Social Reactor will match advertisers with participating celebrities and other “social influencers,” who will use social media tools such as Twitter to drive fans to advertisers. Verge founder Matt Hunckler was tapped to get it rolling.

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Top StoriesBack to Top

Group aims to create nation’s largest rugby complex

A long-vacant drive-in theater just east of Fountain Square soon could be home to the nation’s largest rugby facility. The Indiana Youth Rugby Foundation has raised $1.2 million for the ambitious project and is seeking another $500,000 to break ground this spring.

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ISO far from $5M goal as deadline nears

The Indianapolis Symphony Orchestra has raised barely half the $5 million the organization says it needs by Feb. 3 to live up to the terms of a contract it negotiated with musicians last fall.

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Vectren digs in to fight gas plant

A synthetic natural gas plant proposed downstate need only tweak its contract with would-be gas purchaser Indiana Finance Authority to comply with an October court ruling and to proceed with the project, Indiana Gasification said in a recent filing with the Indiana Court of Appeals. But opponents of the plant, led by Evansville-based gas and electric utility Vectren, immediately objected.

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FocusBack to Top

OpinionBack to Top

KENNEDY: Privatization expands government

The ugly mud-wrestling match that was the fiscal cliff negotiation is over for the time being. Congress has done what Congress has been doing with some regularity the past few years—it has kicked the can down the road a few months.

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Benner was ‘uplifting’

Thanks so very much for pointing out the many triumphs and great moments Indianapolis and Indiana had in 2012 [Dec. 31 Benner column].

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Change before it’s broken

The dying service clubs mentioned in John Guy’s [Dec. 31 column] “How to revive dying service clubs” could benefit from following the lead of Toastmasters International which, even though it was growing, evaluated where it was and how it could best serve its membership.

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In BriefBack to Top