News & Analysis

Plainfield's MD Logistics sued by Bristol-Myers over lost insulinRestricted Content

December 12, 2009
Chris O'Malley
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn't named in the lawsuit. Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
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Fledgling motorsports show growing faster than expectedRestricted Content

December 12, 2009
Anthony Schoettle
The show held in Indianapolis Dec. 3-4 is picking up speed much faster than event organizers and local convention and tourism officials expected. But the nation’s biggest motorsports trade show, Performance Racing Industry Show, is considering competing with the local show head-on in 2010.
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Hoosier Energy avoids financial brownoutRestricted Content

December 12, 2009
Chris O'Malley
Hoosier Energy, which supplies electricity to customers in 48 counties in central and southern Indiana, has settled a dispute that had threatened to plunge the utility into bankruptcy.
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Holiday Wish List

December 12, 2009
 IBJ Staff
Here is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
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General Growth deal would extend Simon's mall dominance

December 12, 2009
Cory Schouten
Wall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime opportunity” for a company to make “the deal of the decade” in the shopping-mall business.
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Widow aspires to continue operating Burd Ford

December 12, 2009
Norm Heikens
Chris Burd still unsure why husband, Rich Burd, owner of Burd Ford, committed suicide. Burd was an auto dealer in Lawrence.
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Greenfield chain makes gas stations a family affair

December 12, 2009
Marc D. Allan
In high-turnover industry of gas stations and convenience stores, Greenfield-based GasAmerica builds loyalty under the guidance of CEO Stephanie White-Longworth.
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Fair Finance press release leaves investors hanging

December 11, 2009
Greg Andrews
The statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors it owes.
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Dormir acquires two sleep companies

December 11, 2009
J.K. Wall
Carmel firm using $12 million in venture capital for buying spree is now nation's second-largest operator of sleep centers.
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Arts group names president

December 11, 2009
Kathleen McLaughlin
David Lawrence, who has been acting president at Arts Council of Indianapolis since July, continues the task of leading an organization that has seen its funding fall dramatically in the past year.
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Retail sales rise more than expected

December 11, 2009
Associated Press
The government's report came as a surprise because the nation's retailers have been reporting generally lackluster results for the start of the holiday shopping season.
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Indiana Black Expo takes control of Circle City Classic

December 11, 2009
With the move, IBE hopes to rejuvenate the annual football game and related events, which have been suffering from declining attendance.
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UPDATE: KAR Auction IPO raises less than hoped

December 10, 2009
Associated Press
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
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Eli Lilly's shares slip after it forecasts mixed profits in coming years

December 10, 2009
 IBJ Staff and Associated Press
The Indianapolis-based drugmaker predicts strong profits through 2011, but its forecast for 2012 suggests bottom-line results could fall precipitously.
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Jobless claims rise unexpectedly

December 10, 2009
Associated Press
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks.
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Lilly launching new venture capital fund

December 10, 2009
J.K. Wall
The fund would acquire experimental drugs and use Lilly R&D staff to try to prove their effectiveness, perhaps boosting Lilly's drug pipeline.
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Parks Foundation gets $7.3M Lilly Endowment grant

December 10, 2009
Scott Olson
Lilly Endowment Inc. has awarded the Indianapolis Parks Foundation a $7.3 million grant to fund improvements that include a new pool at Bethel Park on the near-southeast side.
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South Bend mental health facility cutting 100 jobs

December 10, 2009
The Madison Center in South Bend has notified state officials that 100 employees at the mental health facility will lose their jobs.
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Conseco wins dismissal of GM Building lawsuit

December 10, 2009
 IBJ Staff
A U.S. District judge threw out the lawsuit against Conseco, saying the company's emergence from bankruptcy in September 2003 wiped out prior legal claims.
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HealthNet lands $10.5 million in stimulus funds

December 10, 2009
 IBJ Staff and Associated Press
HealthNet said it will use the funds to expand and renovate two community health centers that have outgrown their space.
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University of Indianapolis names new business dean

December 9, 2009
 IBJ Staff
Sheela Yadav, a supply chain and engineering management expert, has been interim dean since July 2008.
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Area home sales tick up

December 9, 2009
Scott Olson
Home-sale agreements in the nine-county Indianapolis area rose 3.3 percent in November, marking the third consecutive month they've showed a year-over-year increase.
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Bloomington panel won't support chain-store ban

December 9, 2009
 IBJ Staff and Associated Press
A task force appointed by Bloomington's mayor will instead look at other options for protecting the small-town character of the city's downtown from standardized chain stores and eateries.
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Company's medical device earns expedited review

December 9, 2009
FAST Diagnostics LLC said initial human trials on its method to measure kidney function faster and more accurately than existing techniques could begin as early as next year, with commercialization following by 2012.
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Ballard rolls out tougher requirements for lobbyists

December 9, 2009
Peter Schnitzler
Lobbyists paid $1,000 or more to sway city or county officials will be required to report all activity online.
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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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