Indianapolis Business Journal

OCT. 26-NOV. 1, 2009

This week, find out what changes Circle City Classic leaders are considering to return the annual event to its glory days, when attendance hit 60,000. Also, see how the 'recession-proof' insurance industry is faring in hard times. In Small Biz, read about how entrepreneurs are dealing with unpaid bills. And in A&E, etc., check out Lou Harry's take on the Phoenix Theatre's new show.

Front PageBack to Top

Opportunists hunt deals in commercial real estate

Just about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial

Read More

Gas City dealer offers electric versions of Cadillacs, Hummers

Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana,
Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars
and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s
electric vehicle sales are up 35 percent over the same month last year.

Read More

Top StoriesBack to Top

WTHR, WISH in dog fight for 11 p.m. news ratings

The disappointing debut of “The Jay Leno Show” at 10 p.m. on NBC has hammered ratings for the 11 p.m. newscast
of local affiliate WTHR-TV Channel 13, cutting its average audience by nearly half. But the Indianapolis NBC affiliate says
it will rebound in the fight with its CBS rival because the Leno show has fresh programming year around.

Read More

First Financial gets sweet deal on Irwin Financial’s bank assets

It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.

Read More

FocusBack to Top

OpinionBack to Top

EDITORIAL: State can’t rely on gambling revenue

State and, to some extent, local government
has come to rely on gambling revenue. And now that neighboring states are launching a competitive
assault on Indiana casinos, it’s time to get back to the original intent before the revenue shrivels and leaves necessary
government services high and dry.

Read More

KATTERJOHN: Get out and vote for Wishard

You know, there’s an election on Nov. 3, right? We’re not voting for president, governor,
mayor, or even dog catcher. We’re voting for a critical piece of the health care delivery system in central Indiana: whether to allow Marion County
Health & Hospital Corp. to sell bonds to build a new Wishard Hospital.

Read More

JOSEPH: Will new rules end blog pay for play?

This month, the Federal Trade Commission announced new rules
aimed at increasing transparency in social media advertising. Starting Dec. 1, bloggers and other users of social media tools,
such as Twitter and Facebook, must disclose if they have received any type of payment in exchange for promotion, advertising
or endorsement.

Read More

ALTOM: Why can’t we use cell phones on a plane?

Who among us hasn’t pondered life’s great questions? Why are we here? Why aren’t we somewhere else? Why
do some people never learn how to parallel park? And perhaps most mysterious of all—is it true that operating
electronic devices on an airplane may cause it to go out of control and crash? Perhaps surprisingly, the answer is that nobody
really knows.

Read More

Abandoned houses should be torn down

[In response to the Oct. 19 viewpoint] Some of [Kurt] Wiegand’s points were spot-on, but his analysis of the economic
impact regarding Mayor Ballard’s plan to demolish abandoned homes misses the mark by a wide margin.

Read More

In BriefBack to Top