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News & Analysis
Simon buying Prime Outlets in $2.3B deal
December 8, 2009
Cory SchoutenSimon Property Group Inc. is doubling down on outlet malls with an agreement to buy Baltimore-based Prime Outlets, a
privately held firm that owns 22 of the giant properties.
MoreAriad asks court to restore patent-suit win against Lilly
December 8, 2009
IBJ StaffA federal appeals court will decide whether Eli Lilly and Co. must pay $65.2 million in damages, plus royalties, over a drug-patent
claim.
MoreCalumet selling 3 million shares in secondary offering
December 8, 2009
Calumet Specialty Products Partners LP is selling 3 million shares of common stock to pay debt and to finance requirements
of an agreement with another company.
MoreKosene becoming full-service residential brokerage
December 8, 2009
Tom HartonKosene & Kosene is launching a full-service residential real estate brokerage, in part to counter a tough development
market.
MoreDanica Patrick reaches NASCAR deal, source says
December 7, 2009
Associated PressLast week, Patrick signed a three-year contract extension with Andretti Autosport to stay in the IndyCar series, but its schedule
gives her enough time to also try NASCAR.
MoreMiller Pipeline purchases Illinois-based contractor
December 7, 2009
Indianapolis-based Miller Pipeline Corp. announced Monday morning that it has purchased Illinois-based Elcon Pipeline Inc.,
marking the company’s fifth acquisition in the past four years.
MoreEnerDel parent receives $20M investment
December 7, 2009
The parent of EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, announced Monday morning that it
has received about $20 million in investment capital from a Japanese company.
MoreDelphi to supply Allison with hybrid components
December 7, 2009
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have
Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
MoreAsking price for Hilbert estate drops below $10M
December 7, 2009
Andrea Muirragui DavisAfter more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.
MoreSome area manufacturers see blue sky after year dominated by recession
December 5, 2009
Kathleen McLaughlinThe recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
MoreHealth reform provision called 'death sentence' for doctor-owned hospitals
December 5, 2009
J.K. WallHouse and Senate versions of health care reform could halt the trend toward physician-owned hospitals.
MoreIndianapolis Indians take big revenue hit, but team still profitable
December 5, 2009
Anthony SchoettleTeam profits declined from $1.23 million in 2008 to $459,603 this year. Despite
that, the team’s board voted unanimously to pay a dividend.
MoreRevived Marsh Supermarkets goes up for sale
December 5, 2009
Cory SchoutenFlorida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer
for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing
is right, and
someone is willing to pay a fair multiple.”
MoreBuilder looks to cold storage for steady work in a weak economy
December 5, 2009
Brock BenefielCold storage might become a hot business for a building contractor.
MoreFord delay extends life of east-side steering plant
December 5, 2009
Kathleen McLaughlinA Ford Motor Co. subsidiary will start cutting its local work force next year, but won’t close its east-side plant
for good until late 2011.
MoreDuke Energy wants ratepayers to fund carbon dioxide storage site study
December 5, 2009
Chris O'MalleyThe state’s utility consumer agency is opposing Duke Energy’s request to have customers pay $121 million to
study where to inject underground the carbon dioxide to be produced by its Edwardsport plant.
More$75M investment in ExactTarget may be Indianapolis record
December 5, 2009
Chris O'MalleyThe amount raised since October is in addition to the $69.9 million it received in May from three venture
firms on the coasts, in what was the third-largest venture deal in the nation during the second quarter,
according to the National Venture Capital Association.
MoreCity mulls 6 proposals for use of Old City Hall
December 5, 2009
Peter Schnitzler
Visions for the empty historic building range from offices to a museum. Two developers propose a boutique hotel on an adjacent parking lot. Video bonus: Tour the landmark's interior.
Baseball meetings let leaders tout Indianapolis to influential audience
December 5, 2009
Anthony SchoettleIndianapolis was up against Dallas, Las Vegas, Orlando, Atlanta and New Orleans to host baseball's Winter
Meetings, which
will draw more than 200 media members from the nation’s top 30 markets.
MoreCarroll Award winner Dodson helps less fortunate weather adversity
December 5, 2009
Sam StallEntrepreneur earmarks 10 percent of profits for charity, honors well-run not-for-profits.
MoreUSTA confirms local tennis event likely headed to Atlanta
December 4, 2009
Anthony SchoettleOfficials for the Indianapolis Tennis Championships announced Friday afternoon that they have sold the sanctioning rights
for the local tournament back to the ATP Tour.
MoreIndiana University extends president's contract
December 4, 2009
Associated PressIU trustees have approved a contract extension for school president Michael McRobbie.
MoreIndiana Historical Society lands $2M for new exhibits
December 4, 2009
Kathleen McLaughlinDubbed the "Indiana Experience," the exhibits represent the first ticketed tourist attraction at the society's headquarters
building.
MoreClass-action suit seeks millions for Fair Finance investors
December 4, 2009
Greg AndrewsAttorneys on Friday afternoon filed a class-action lawsuit seeking to rescind $200 million in investor purchases of Fair
Finance Co. securities and to slap Tim Durham and other company insiders with millions of dollars in punitive
damages.
MoreSimon buying General Growth debt for possible takeover
December 4, 2009
IBJ Staff and Associated PressThe Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management
Inc., which also has been buying up General Growth's debt.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.