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News & Analysis
Inlow estate decision reversed by high court
November 18, 2009
Jennifer Nelson / The Indiana LawyerThe Indiana Supreme Court on Wednesday delivered some good news to the widow of former Conseco Inc. Chief Counsel Lawrence
Inlow, reversing a lower court’s order that she pay his estate $284,034 for funeral expenses.
MoreConner Prairie reports rising attendance, revenue
November 18, 2009
Scott OlsonConner Prairie is ending 2009 in relatively better health than last year, as attendance and revenues are up at the same time
donations are lagging, executives of the living history museum said Wednesday.
MoreLilly stock droops after rival claims faster-acting impotence pill
November 18, 2009
IBJ StaffCalifornia-based Vivus claims its drug acts in 30 minutes, compared with about 2 hours for Lilly's Cialis.
MoreGreenwood closer to annexing portions of township
November 18, 2009
A proposal to incorporate portions of White River Township into the city of Greenwood passed a major hurdle on Tuesday.
MoreLilly Endowment boosts emergency fund by $1M
November 18, 2009
Kathleen McLaughlinThe fund has helped more than 6,000 households in six counties pay for housing, utilities and food.
MoreElectric car maker plans Indiana manufacturing plant
November 18, 2009
IBJ StaffNorwegian electric car maker Think Global will locate its U.S. manufacturing facility in Indiana, Reuters reported Tuesday,
citing information from a major investor in the company.
MoreSimon exploring bid to purchase rival General Growth
November 18, 2009
General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than
200 regional malls in 44 states.
MoreCivic Theatre confirms plans to relocate to Carmel
November 17, 2009
IBJ StaffIndianapolis Civic Theatre will move from the campus of Marian University to the Regional Performing Arts Center under construction
in Carmel. The theater and Carmel Redevelopment Commission released a joint statement Tuesday announcing a long-term deal
that calls for the Civic to pay $10 million to be the center’s primary occupant.
MoreLawrence Township exploring fire department merger
November 17, 2009
A Lawrence Township trustee is proposing to merge the township’s fire department with the Indianapolis Fire Department,
in an attempt to further reduce its operating deficit.
MoreCutbacks help Remy improve quarterly profit
November 17, 2009
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3
million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
MoreAuthorHouse parent hooks up with publisher Harlequin
November 17, 2009
Bloomington-based Author Solutions Inc. announced Tuesday that it has entered into a self-publishing partnership with Toronto-based
Harlequin Enterprises Limited, a prolific publisher of romance novels.
MoreSymphony reports record shortfall of $2.8 million
November 16, 2009
Kathleen McLaughlinIndianapolis Symphony Orchestra CEO Simon Crookall said he's expecting a smaller but still significant gap of $1.3 million
in the 2010 budget year.
MoreProperty tax-cap issue could dominate next Indiana Legislature
November 16, 2009
Scott OlsonLawmakers meet Tuesday for Organizational Day and will begin debating measures Jan. 5 when the Legislature officially convenes
for a short session.
MoreFailed jewelry retailer to sell millions in inventory
November 16, 2009
Greg AndrewsAn old-line Indianapolis jewelry business has shut down, setting the stage for the sale of millions of dollars in remaining
inventory through auctions planned in Indianapolis, Chicago, Miami and Naples, Fla.
MoreBiz interests expect tax issues to vex Legislature
November 16, 2009
Scott OlsonIncreases in property and payroll taxes are among the key issues again confronting the business community when the General
Assembly convenes in January.
MoreMayor's European mission focusing on motorsports industry
November 16, 2009
A delegation of business and community leaders led by Indianapolis Mayor Greg Ballard departed for Europe Nov. 14 on a nine-day
economic
development mission to help grow the city’s motorsports industry.
MoreArcadia sees bigger quarterly loss on lower revenue
November 16, 2009
J.K. WallHealth care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
MoreCTI reports quarterly loss on lower revenue
November 16, 2009
Indianapolis-based CTI Group Holdings Inc. lost $337,549 in the third quarter on significantly declining revenue.
MoreCarmel electric marketer planning expansion
November 16, 2009
IBJ StaffCarmel’s ACES Power Marketing LLC plans to invest $6.6 million to expand its West 99th Street headquarters—a move
that could allow it to add 40 jobs, the Indiana Economic Development Corp. said early Monday.
MoreNew Anthem pay-for-performance program gives docs $3.1M
November 14, 2009
J.K. WallAnthem Blue Cross and Blue Shield of Indiana is doling out $3.1 million to Indianapolis-area doctors—its first payments
based on a local quality measuring system.
MoreLocal convention leaders wine, dine crucial meeting planners
November 14, 2009
Anthony SchoettleBehind every convention that rolls into Indianapolis is a tedious sales effort as intense and invisible as a riptide. Sometimes
the sale cycle lasts as long as six years.
MoreIndiana tourism sites staying busy despite soft economy
November 14, 2009
Norm HeikensHoosiers are shrugging off hard times and heading out on vacation, so much so that some of the state's top attractions actually
are seeing attendance boomlets. But the travelers are sticking close to home, and they're clenching their dollars tightly.
MoreIndianapolis Zoo attendance clipped by weather, economy
November 14, 2009
Norm HeikensIndianapolis Zoo attendance is down in 2009, but poor weather may be to blame as much as the weak economy.
MoreCity Market gets OK to evict anchor Constantino's
November 14, 2009
Peter SchnitzlerThe cash-strapped, half-vacant City Market is playing legal hardball with five current or former tenants that are behind
on rent, a move that’s led to the imminent eviction of Constantino’s Market Place.
MoreArt Center trims staff to head off long-term problems
November 14, 2009
Kathleen McLaughlinThe Indianapolis Art Center laid off its full-time curator and cut one other position this month in an effort to pay down
short-term credit and deal with reduced income from its classes.
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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.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.