News & Analysis

Locally based Business Furniture expands into Illinois, Iowa

June 11, 2011
Anthony Schoettle
New markets to be added later this year are expected to double the company's sales within five years.
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Arizona project bankrupts local developer BodnerRestricted Content

June 11, 2011
Cory Schouten
Bruce Bodner, a quiet but prolific local developer who in the late 1990s bought and revitalized two of downtown’s most recognizable buildings, has filed for bankruptcy after making a doomed bet in Arizona.
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WTHR maintains ratings lead in local newsRestricted Content

June 11, 2011
Anthony Schoettle
WTHR-TV Channel 13 retained its position during the May sweeps period as the most-watched station for news in central Indiana, earning top ratings among the four local television newscasters during eight of the 10 time slots in which it airs local news.
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Critics: City's effort to help ex-offenders ineffectiveRestricted Content

June 11, 2011
Francesca Jarosz
Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else.
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Black Expo aims for more family friendlinessRestricted Content

June 11, 2011
Kathleen McLaughlin
Indiana Black Expo is working to overcome last summer’s shootings and a recent staff mutiny, but observers say the root of the problem is declining interest among African-American adults in its signature event.
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Few local charities growing their influence outside IndianaRestricted Content

June 11, 2011
Kathleen McLaughlin
At a time when the not-for-profit sector is buzzing with terms like “scaling impact” and “venture philanthropy,” few native not-for-profits have sown seeds outside Indiana. Leaders and funders emphasize the need the serve the local market first.
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City to roll out plan for 16th Street tech corridor

June 10, 2011
Francesca Jarosz
The city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into a hub for biotechnology and other high-tech companies.
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Positron plans $55 million cyclotron project, 80 jobs

June 10, 2011
Andrea Muirragui Davis
Medical imaging equipment maker Positron Corp. has agreed to move its operations to Noblesville, where it plans to invest $55 million to open a high-tech facility that will make isotopes used in cardiac PET scans.
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East-side Ramada fetches $1.3M in online auction

June 10, 2011
Maria LaMagna
It's not yet clear who submitted the winning bid for the 188-room hotel, which is near Interstate 465 and Pendleton Pike.
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State manufacturing, logistics sectors score high marks

June 10, 2011
Scott Olson
The grades were part of an annual report released Friday morning by Conexus Indiana, an industry group that is part of Central Indiana Corporate Partnership. A 4.6-percent increase in employment the past year helped the state's manufacturing sector repeat its "A" grade.
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Cummins plans expansion, 600 jobs for Columbus

June 10, 2011
Anthony Schoettle
Cummins Inc. announced Friday that it plans to add 600 employees to work in a new $18 million office building the diesel engine maker will build in downtown Columbus.
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Roche to add 50 HR employees in Indianapolis

June 10, 2011
 IBJ Staff
Swiss health care giant Roche Holding AG has selected its diagnostics division in Indianapolis as the site for a new North America human resources center, a move that will add 50 employees to its local operations.
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Lilly enters collaboration deal with Swiss company

June 9, 2011
Associated Press
Drugmaker Eli Lilly and Co. has signed a deal with Swiss company Synthes Inc. to co-promote the bone drug Forteo and develop other potential orthopedic treatments.
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Julian Center's longtime leader stepping down

June 9, 2011
Scott Olson
Ann DeLaney has served 15 years as executive director of the shelter for domestic violence victims. With a $3 million capital campaign recently finished, she said the time is right for her to "pass the torch."
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Eco-friendly downtown supply store closes

June 9, 2011
Chris O'Malley
Green Way Supply, a pioneering green construction products store, has gone out of business, but one of its partners is planning a new building supply store with mix of green and traditional products.
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Error removes limits from Indiana project wage law

June 9, 2011
Associated Press
A mistake in a bill that legislators meant to loosen wage requirements on government construction projects in Indiana will put all such projects — regardless of cost — under the regulations.
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Magistrate reverses David Marsh deposition ruling

June 9, 2011
Scott Olson
Citing new information, U.S. Magistrate Tim A. Baker now says lawyers for Marsh Supermarkets can depose David A. Marsh, son of the company's former CEO, Don Marsh. Baker previously ruled that he couldn't be deposed.
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Riley's No. 2 executive follows boss out the door

June 9, 2011
J.K. Wall
Brett D. Lee, the chief operating officer at Riley Hospital for Children, announced plans Wednesday to leave the hospital for a new job in Atlanta, just three weeks after Riley CEO Dan Fink resigned.
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Unemployment aid applications stuck at high level

June 9, 2011
Associated Press
The number of people seeking unemployment benefits hardly changed for a second straight week, stuck at a high level that points to a slowing job market.
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Mooresville farm equipment maker expanding operations

June 9, 2011
 IBJ Staff
Equipment Technologies, a manufacturer of agricultural spraying equipment, plans to invest nearly $6.4 million in an expansion of its Mooresville operations, more than doubling its work force by 2015.
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Lilly wins ruling in dispute with Amylin over diabetes drugs

June 8, 2011
Bloomberg News
Eli Lilly and Co. won a ruling in a lawsuit brought by Amylin Pharmaceuticals Inc., which wants to prevent Lilly from using the same people to sell Amylin’s diabetes drug and that of a competitor.
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WellPoint paying almost $800M for CareMore

June 8, 2011
Bloomberg News
Indianapolis-based WellPoint Inc. agreed to acquire CareMore Health Group to expand Medicare coverage in California, Arizona and Nevada. The insurer paid almost $800 million, according to people familiar with the deal.
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GM to invest $49M in Indiana plant, affecting 91 jobs

June 8, 2011
Associated Press
General Motors Co. is investing $49 million in its Bedford plant, a move that will help to create or keep 91 jobs.
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Former tech darling Vontoo acquired by Ohio firm

June 8, 2011
 IBJ Staff
Vontoo Inc., a once-promising Indianapolis-based technology firm that landed millions in venture capital but failed to meet growth expectations, has been acquired by One Call Now.
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High fuel prices dog Republic Airways

June 8, 2011
Chris O'Malley
Indianapolis-based Republic Airways Holdings Inc. has struggled in the transition from a contract-only airline to one that offers scheduled flights.
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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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