News & Analysis

McNamara moving from Broad Ripple after 57 years

July 7, 2011
Scott Olson
The florist is moving from the Broad Ripple retail space it has occupied since 1954. Local developer Buckingham Cos., which purchased the property in 2000, is preparing for the redevelopment of Monon Place.
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Outgoing CEO: After 'near-death experience,' CNO doing well

July 7, 2011
J.K. Wall
CEO Jim Prieur got more than he bargained for when he took over CNO Financial Group (then-Conseco) five years ago, but he said he's ready to step down now that the insurer is in good shape.
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Downtown garden growing more than food

July 7, 2011
Andrew Smith
Now in its second year, the Wishard Slow Food Garden grows produce for local markets, restaurants and residents alike. And from 11 a.m. to 2 p.m. on Thursdays, consumers can sample some of the harvest as the Duos Indy Mobile Kitchen sets up shop a few steps away.
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Advanced Physical Therapy acquired by Illinois company

July 6, 2011
Bolingbrook, Ill.-based ATI Physical Therapy has acquired Advanced Physical Therapy, which has 175 employees and ranks among the city's largest operators of physical therapy clinics.
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CNO says CEO Prieur to retire, to be replaced by CFO

July 6, 2011
J.K. Wall
Jim Prieur will retire as CEO of CNO Financial Group Inc. on Sept. 30 and will replaced by the company’s chief financial officer, Ed Bonach, the company announced Wednesday.
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Navistar seeks more tax breaks after old deal failed

July 6, 2011
Scott Olson
The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.
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Carrier to invest $36.5M in local plant, create 276 jobs

July 6, 2011
Carrier Corp. has spent $32 million to upgrade equipment in Indianapolis and plans to invest another $36.5 million to start a second production line, creating 276 jobs at the plant. The company is seeking a tax abatement to help offset the costs.
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Shelbyville manufacturer takes on big name in tumblers

July 6, 2011
Kathleen McLaughlin
A Shelbyville manufacturer is seeking to cancel a trademark held by Tervis Tumbler Co., which built a $75 million business around making double-walled plastic cups.
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LEADING QUESTIONS: Conrad's top chef rustles up advice

July 6, 2011
Mason King
LQ_Matiya_WatchVideoDo you need a culinary degree to be an executive chef? How do you serve hundreds at a time? What's the difference between cooking for Hoosiers and Floridians? Michelle Matiya boils it down.
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Amazon planning fourth area distribution center

July 6, 2011
Kathleen McLaughlin
Amazon.com plans to open a second warehouse in Plainfield this year, the company announced Wednesday. The online retailer's fourth location in central Indiana is expected to create hundreds of jobs.
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Lilly loses bid to end revived Zyprexa U.K. patent case

July 5, 2011
Bloomberg News
The High Court in London on Tuesday denied Lilly’s request for a judgment without trial against Neopharma Ltd., the closely held company that has European marketing rights for the generic version of the drug known chemically as olanzapine.
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WellPoint to pay $100,000 over data breach

July 5, 2011
Associated Press
Health insurer WellPoint Inc. will pay $100,000 and take other steps after admitting it waited months to notify 32,000 Indiana customers that their Social Security numbers, health records and other personal information might have been exposed online.
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Timing good for 2-in-1 biotech drugs

July 5, 2011
J.K. Wall
Eli Lilly and Co.’s foray into combination drugs is well-timed because the company could take advantage of some the world’s most successful biotech medicines, which are about to see their patents expire.
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R&D spending soars above value of new drugs

July 5, 2011
J.K. Wall
To understand the depths of the pharmaceutical industry’s recent struggles, consider this: The industry has been spending $57 billion more per year on research and development than the value of the products it has been launching. That’s a problem.
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Lender's suit says homebuilder owes $12.8M on loans

July 5, 2011
Scott Olson
M&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
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Interactive Intelligence buys Australian software reseller

July 5, 2011
CallTime has been Interactive Intelligence's largest revenue-producing reseller in Australia and New Zealand for the past three years. It has 30 employees and about 50 customers.
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Mike's unveils new design for new carwashes

July 5, 2011
Kathleen McLaughlin
Two new carwash facilities in Anderson and West Lafayette will bring the Indianapolis-based chain to 39 stores.
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Marsh lands big tenant, will reoccupy headquarters

July 5, 2011
Tom Harton
Marsh Supermarkets is reoccupying a portion of its long-vacant headquarters building and has snagged a plum tenant to sublease most of the rest of the space.
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Lilly asks judge to reject U.K. Zyprexa case

July 5, 2011
Bloomberg News
Eli Lilly and Co., the Indianapolis-based drugmaker whose best-selling schizophrenia medicine Zyprexa survived a patent challenge in Britain two years ago, has asked a United Kingdom judge to reject a parallel lawsuit by a generic drug company.
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Indianapolis Museum of Art drops student-run securityRestricted Content

July 2, 2011
Kathleen McLaughlin
The IMA is back to using traditional security guards after IUPUI vetoed its plan to use federally funded work-study students.
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City mum on economics of $15M parking garageRestricted Content

July 2, 2011
Cory Schouten
City officials and the developer of a proposed parking garage in Broad Ripple have refused to share financial projections for the project, describing the documents as a "trade secret" exempt from public disclosure.
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Shrinking revenue puts Ballard in hot seatRestricted Content

July 2, 2011
Francesca Jarosz
A drop in local income-tax revenue could put Indianapolis Mayor Greg Ballard between a familiar political rock and hard place as he faces re-election. Next year’s budgets must be approved in October, when Ballard’s race with Democratic challenger Melina Kennedy will be in the home stretch.
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Forum Credit Union trying to rebound from recent losses

July 2, 2011
Francesca Jarosz
Fishers-based Forum Credit Union was on the upswing from a sizable loss in 2008 when a slew of challenges hit late last year. Now Forum is rebuilding its earnings—and looking for a new leader to steer the company.
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Transportation museum eyes excursion trains to downtown IndyRestricted Content

July 2, 2011
Chris O'Malley
As efforts drag on to study and fund a commuter rail system using the former Nickel Plate rail line, the group now using the 37-mile corridor to run excursion trains in Hamilton County and to the Indiana State Fair is looking at running its trains farther south—to downtown.
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Pacers' Simon at center of NBA labor fightRestricted Content

July 2, 2011
Anthony Schoettle
Along with players’ salaries and contract terms, revenue sharing among the NBA's 30 team owners is becoming the wild-card issue that could blow the lid off contract negotiations.
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