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Economist: Recovery at hand, but barriers exist

Leading
indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay
a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ’s annual Economic Forecast.

Federal workers dodging layoffs

One of the best places to have waited out this recession was in federal government. Federal workers have pretty much gotten
a bye on pink slips at a time private sector employees have taken it on the chin.

EDITORIAL: Another blow to a deadly habit?

An ordinance that would ban smoking in enclosed spaces where it’s still allowed—primarily bars and bowling alleys—is
once again being considered by the City-County Council. And again we urge councilors to adopt the measure.

WellPoint shares partially recover after Thursday plunge

Shares of WellPoint Inc. partially recovered Friday morning after a plunge was touched off Thursday by gathering momentum behind health care reform and talk of a windfall-profit tax by Speaker of the House Nancy Pelosi.

Emmis smacked with quarterly loss of $135M

Emmis Communications Corp. suffered a whopping loss of $135.6 million in its most recent fiscal quarter, the Indianapolis-based
media company reported Friday morning.

Grocery, housing projects could rejuvenate stretch of 16th Street

A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.

Mayor seeks your suggestions

The newly created Indy
Ideas Web site and the Neighborhood Association Council are both intended to encourage participation in local government.

WellPoint memos show job cuts starting with mid-level execs

With a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30
middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.

Lucas Oil out to build on Jiffy Lube deal

One year after emblazoning its name on the Indianapolis Colts’ mammoth new home, Lucas Oil Products Inc. has leveraged
that sponsorship into a pact with Jiffy Lube that company founder Forrest Lucas thinks will score huge profits for his company.

Firms line up to find new uses for old airport terminal, other properties

The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.

Records

Public records listing from the Oct. 12, 2009, edition.