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Most Hoosiers to be locked out of Honda jobs

August 23, 2007

Four of five Hoosiers will not be eligible to apply for the roughly 2,000 production jobs at the Honda Manufacturing of Indiana plant in Greensburg, the Japanese automaker announced today. Honda Manufacturing of Indiana said in a news release that it plans to begin advertising the positions in newspapers Aug. 26. The deadline to apply […]

Hansen & Horn sidesteps housing carnage

August 23, 2007

Hansen & Horn Group Inc. is sailing through the slump in housing construction relatively unscathed because it began shifting out of the tract-home market about four years ago-while the industry still was going gangbusters. The local builder had operated in the upper end of the tract-home segment, but feared it couldn’t continue competing with giants […]

Shoe Carnival profit stumbles on same-store woes

August 23, 2007

Evansville-based Shoe Carnival Inc. said today that profit in its fiscal second quarter fell to $167,000, down from $2.9 million in the same period of 2006. Sales for the quarter ended Aug. 4 increased 5.4 percent, to $154.8 million. However, same-store sales were down 7.1 percent. The shoe retailer attributed the decline to fewer shoppers, […]

Lilly fees raise questions about conflict of interest

August 22, 2007

A psychiatrist who advises the state of Minnesota on which drugs to use in Medicaid programs received $488,953 in speaking fees from Indianapolis-based Eli Lilly and Co. over eight years through 2006, according to an Associated Press analysis. The fees, received by John E. Simon, have raised questions about whether Simon was influenced to recommend […]

Vision takes shape for Canal ‘bridge’

August 22, 2007

Kansas-based LodgeWorks LP continues to refine its proposal for a hotel project that would include a bridge over the Central Canal. The proposal, designed by Chicago-based ASC Architects, calls for:
A four-story bridge…

Japanese firm sending Rushville jobs to Mexico

August 22, 2007

Fujitsu Ten Corporation of America plans to stop making automotive electronic controls at its Rushville plant by Nov. 9 and send the work to a sister facility in Reynosa, Mexico. Competitive pressures forced the Japanese company to look elsewhere to control costs, said Human Resources Manager Jim Thomas. About 60 workers will remain at the […]

Indy ‘most affordable’ housing market, again

August 22, 2007

For two years in a row, the Indianapolis-Carmel metro area has been the nation’s most affordable major housing market, the National Association of Home Builders and Wells Fargo said yesterday. An index shows that 87 percent of new and existing homes sold in the second quarter were affordable to families earning the area’s $63,800 median […]

Fort Wayne named No. 1 minor league sports town

August 21, 2007

After studying every U.S. city with minor-league sports but no major league teams, Street & Smith’s Sports Business Journal concluded that Ft. Wayne was the nation’s No. 1 minor league sports town. Rounding out the top five were Hershey-Harrisburg, Penn., Oklahoma City, Okla.; Rochester, N.Y., and Reading, Penn.. Cities were judged on number of teams, […]

Estridge to donate $20 million from track sale

August 21, 2007

Central Indiana homebuilder Paul Estridge Jr. plans to donate $10 million to the Central Indiana Community Foundation’s Legacy Fund and $10 million to unspecified Indiana businesses. The donations come from the $53.5 million in proceeds Estridge is expected to receive by selling his 34-percent stake in the Indiana Downs horse-racing track to South Bend-based Oliver […]

Dreyfus opens monster biodiesel plant

August 21, 2007

The largest integrated soybean-based biofuel production facility in the world opened today near Claypool. The northern Indiana plant, owned by the French agribusiness giant Louis Dreyfus Commodities has enough capacity to consume nearly one of every six bushels of soybeans grown in the state. It’s big enough to produce 88 million gallons of biodiesel fuel […]

Cymbalta helps fibromyalgia pain, Lilly says

August 21, 2007

Eli Lilly and Co.’s depression drug Cymbalta dampened pain in patients with fibromyalgia and has asked the Food and Drug Administration to approve it for secondary use, the Indianapolis pharmaceutical maker said today. Patients experienced less pain beginning a week after taking the treatment, a study showed. Two percent to 4 percent of Americans, mostly […]

New renderings of Lucas Oil Stadium

August 21, 2007

The state has released new renderings of Lucas Oil Stadium that more accurately reflect the brown brick color. What do you think?

Fort Wayne company buys Indianapolis electronics firm

August 21, 2007

Riverside Manufacturing Inc. of Fort Wayne has acquired Transportation Safety Technologies Inc., an Indianapolis maker of wiring harnesses, sensors and other electronics for trucks and emergency vehicles, the companies plan to announce today. Transportation Safety Technologies is near downtown on the northeastside and was owned by Arcapita, a Bahrain-based investment firm with an office in […]

Indy night life thrives in spite of state, report says

August 21, 2007

Chicago Tribune travel writer Alan Solomon says Indianapolis’ resurgence has become old hat, but that a recent trip was revealing nonetheless. “What’s astonishing is, while other Midwestern cities continue to struggle, Indianapolis has become a worthwhile destination while still being surrounded by Indiana,” Solomon said. “It’s not anything like Muncie. Not anymore.” Several downtown bars […]

St. Francis gears up for expansion

August 20, 2007

Construction is set to begin soon on a 417,000-square-foot addition to the Indianapolis campus of St. Francis Hospital (Beech Grove campus is shown here). The $200-million project is slated for completion…

After 16 months, storm repairs wrapping up

August 20, 2007

It’s taken contractors 16 months, but repairs to thousands of central Indiana houses and cars following storms in March and April of last year finally are winding down. Marc Fairchild, vice president of claims at Indiana Farmers Mutual Insurance Co. in Carmel, said only 10 of the 4,330 claims his firm logged remain open. “It […]

Book printer to add 100-plus jobs near Fort Wayne

August 20, 2007

Courier Corp. plans to announce this afternoon that it will create more than 100 jobs in addition to the 500 now working at its book publishing operation in Kendallville north of Fort Wayne, a source familiar with the expansion said. A public company headquartered in North Chelmsford, Mass., Courier has 10 locations that publish educational, […]

Buy corn, other ag products, investment firms preach

August 20, 2007

Corn-Indiana’s top agricultural crop-is a better investment than oil, copper and other commodities, Goldman Sachs and other Wall Street firms are telling clients. Agricultural products are more likely to withstand a global economic downturn because people still have to eat, according to a Bloomberg report. Consumers in China and other emerging Asian markets will continue […]

CHRIS KATTERJOHN Commentary: IBJ’s Enterprise Award hits 25

August 20, 2007

Giving out awards can be a tricky business. To wit, news broke Aug. 13 that CEO Peter Dunn has left Steak n Shake, a company we honored in 2005 with our annual Enterprise Award. A good chunk of the credit in our article profiling the company two years ago was directed at Dunn, an MBA and food-industry veteran who had energized the company with a philosophy that was producing results. Now he’s gone. Do his departure and a decline in…

IN THIS ISSUE:

August 20, 2007

I N T H I S I S S U E FOCUS:Insurance&BenefitsQuarterly19-24 Employerslooktohealthsavingsaccountsforpremiumrelief19 OneAmericaingoodpositiontogrowthroughacquisition19 NOTSTRICTLYBUSINESS45-47 15 A&EbyLouHarry:FringecharacterspopulateaFringeFilmhighlight45 Dining:FritesatBruggeBrasserie45 FunnyBusinessbyMikeRedmond:TheWorldofTomorrowhovers,preparestoland46 SportsbyBillBenner:Plentytochewonforsportsfansofeverystripe47 PERIMETER15-18 HendricksCounty:Brownsburgluresdrag-racingfirms15 45 BehindtheNews:Andrews4OPINION & EDITORIAL HowmortgagemeltdownsankOakStreet,Commentary:ChrisKatterjohn10othersIBJ’sEnterpriseAwardhits25 EconomicAnalysis:Barkey28AEditorial10 PartingthoughtsonIndiana’sstrengths,Dunnexitshowsboarddoingjobweaknesses EyeonthePie:Marcus11ClassifiedsandInternetDirectory34-35LifegoesondespitepropertytaxesPeople18Viewpoint:DeborahJ.Daniels11ReturnonTechnology:Altom32Helpingex-offendershelpsallofusSavingprinterpaperdoesn’tsavemuchmoneyRECORDS SmallBusinessProfile40Calendar33FundRaising41It’sadog’slifeConventions33InRecognition41 LISTS LargestIndianapolis-AreaRetirementSTOCKS Communities26Investing:Hauke28LargestIndianapolis-AreaAssisted-LivingDominoeffectworsenedwoesinsubprimeFacilities37market ProxyCorner:IrwinFinancialCorp.31 COMPANY INDEX This index does not include companies mentioned in letters to the editor, lists, charts and records. The page numbers listed refer to the pages where articles begin. 3S Karting Supply ………………17 Conseco Inc……………………….30 Interactive Intelligence Inc……10 Precedent Commercial 96th Street Steakburgers……….1 Crowe Chizek…

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