MARCH 31-APRIL 6, 2014
This week in IBJ, Dan Human takes you behind the scenes in the war against cybercrime, visiting the secret, reinforced downtown bunker housing security firm Rook Security Inc. Also in this issue, Kathleen McLaughlin begins charting the long and circuitous journey most central Indiana counties must take before they can host ballot initiative for funding mass transit. And in A&E Etc., Lou Harry reflects on the first five years of the Cabaret at the Columbia Club.
Front PageBack to Top
Company conducts ‘global warfare’ against invisible cyber threats
Corporate executives, shaken by fears of hackers, are enlisting Rook Security and an explosion of companies like it to monitor and chase cyber criminals across borders and recover stolen intellectual property.
Read MoreDow Agro parent sets stage for sale or spinoff
Dow AgroSciences LLC is likely to become a stand-alone public company in the next three years, according to some Wall Street analysts—if the wunderkind division of Dow Chemical Co. lives up to sky-high expectations.
Read MoreCost-of-living chasm buoying tech firms
A growing number of tech workers are seeking refuge in Indianapolis from skyrocketing living expenses in other cities, including technology hubs on the coasts.
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GE engine plant’s future riding on new technology
Nothing less than the future profitability of commercial airlines rides on the jet engine that GE Aviation will assemble in Lafayette.
Read MoreMass transit bill creates fuzzy path forward
Local governments finally have the authority to build a mass-transit system, but they also have work to do and questions to answer before they can ask voters to pay for new rapid-transit lines and expanded bus service.
Read MoreCEO of Simon spinoff to run company from D.C. perch
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
Read MoreBanks see resurgence of home equity loans
Although mortgage-refinancing applications are down, the product reviled and thought extinct after the 2008 housing crash that decimated property values may save the day for lenders: the home equity loan/line of credit.
Read MoreWellPoint shares top $100 on bullish 5-year forecast
The health insurer predicted growth in government-funded health insurance programs would push revenue above $100 billion by 2018. That prompted investors to push WellPoint stock above $100 per share—an all-time high for the company.
Read MoreBuckingham rethinking plans for prime Zionsville site
Buckingham Cos. says it is still weighing options for a key property it controls in downtown Zionsville, but two nearby landowners are trying to sell their parcels after talks with the developer broke down.
Read MoreCNO Financial casts out former Conseco demons
It was an exorcism of CNO’s legacy Conseco business recently that’s really put the proverbial color back in the faces of management and investors.
Read MorePROXY CORNER: Eli Lilly and Co.
Indianapolis-based Eli Lilly and Co. discovers, develops, manufactures and sells pharmaceutical products for humans and animals. The company reported 2013 net income of $4.7 billion, or $4.32 per diluted share, on revenue of $23.1 billion.
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Expensive homes selling quickly in Indianapolis area
Pricier houses are vanishing from the market faster than less-expensive homes due to a temporary bottleneck caused by rising demand and a slow recovery by builders.
Read More1960 modern house was built for the age(s)
Restoration evokes marveling over its trappings and construction to withstand the Atomic Age.
Read MoreAt Home Quarterly: Marketplace
Housing Sales December 1 – February 28 IBJ.COM EXTRA For a detailed table of recent housing sales activity, click here Weekend snowstorms hampered January and February sales, but F.C. Tucker Co. President Jim Litten predicted pent-up demand will play out in coming months as will the home-building recovery, also delayed by weather.• Most […]
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EDITORIAL: Keep attentive eye on Cummins
Last week’s announcement that Cummins would build a headquarters for its global distribution division in downtown Indianapolis was deservedly welcomed for its potential to house as many as 400 well-paid workers and add an “architecturally significant” building to a reserved skyline.
Read MoreMAURER: A teaching program that works
The benefits of Teach for America show through at Kipp Indy.
Read MoreRUSTHOVEN: Why Pence is winning at the Legislature
The Indianapolis Star is developing a pattern in covering Gov. Mike Pence and his dealings with the Legislature.
Read MoreLEARNER: Vehicle-miles tax would roll Hoosiers
Indianapolis is striving to become an electric-vehicles center. Gas tax revenue is declining, though, as people drive less and as more fuel-efficient new cars require filling up less at the pump. That saves people money, reduces pollution and lessens America’s imports of foreign oil.
Read MoreKim: How Amazon bullied its way into retail domination
In a 2013 cover story, Fortune magazine described Amazon as a “brass-knuckled battler for every penny of competitive advantage.” As state treasurers can attest, that portrayal is both well-deserved and important to understanding the rise of Amazon.
Read MoreHicks: Medical firms are largest perpetrators of fraud
Medicaid and Medicare fraud is where the real money lies, costing taxpayers some $100 billion a year, or 10 percent of total costs. This is many times more than the highest estimate of fraud in all other assistance programs combined. Nearly all of this fraud is perpetrated by health care providers.
Read MoreEd Martin competition feared by other dealers
I was interested to see the [March 17] article concerning the Toyota dealerships’ “turf altercations” shall we call them.
Read MoreSupport for Irsay has its limitations
Anyone who has a problem with drug or alcohol addiction has my empathy and support—right up until they endanger my life or the lives of others by choosing to get behind the wheel of a vehicle [March 24 Morris column].
Read MoreGet behind Irsay
Bravo, and well said on “Jim Irsay deserves our support” [March 24 Morris column].
Read MoreIn BriefBack to Top
Contractor spending $1.6M to move north of downtown
Construction manager and contractor Messer Construction Co. has purchased two adjoining vacant buildings on North Meridian Street south of Fall Creek Parkway and plans to move there from Shadeland Avenue.
Read MoreWFYI-FM completes ‘Morning Edition’ team
Don Hibschweiler joins Sharon Alseth as co-anchor of "Morning Edition," which runs from 5-10 a.m. on weekdays.
Read MoreFaçade grants available for urban businesses
The city of Indianapolis is stepping up its funding for a facade program that helps small business in distressed areas improve the exteriors of their buildings.
Read MoreSouthwest adding nonstop from Indy to Washington
Southwest Airlines Co. is adding more flights to Ronald Reagan Washington National Airport this year, including non-stop service to and from Indianapolis that begins Nov. 2, the airline said Monday.
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