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News & Analysis
Insurer fires latest round in $125M utility case
September 25, 2009
Chris O'MalleyJohn Hancock Life Insurance Co. today asked a federal judge to force Hoosier Energy Rural Electric Cooperative to post an
additional $20 million in escrow as the utility continues to challenge a $125 million claim against it by the New York-based
insurer.
MoreFinish Line shares rise despite quarterly loss
September 25, 2009
Cory SchoutenShares in locally based athletic retailer The Finish Line Inc. jumped Friday morning after the company reported a narrow loss
for the second fiscal quarter, mostly because of the large cost of unloading its unsuccessful Man Alive stores in July.
MoreWIBC wins Marconi Award for station of year
September 25, 2009
IBJ StaffEmmis Communication Corp.'s WIBC-FM 93.1 won the 2009 Marconi Radio Award for Large-Market Station of the Year yesterday in
a ceremony in Philadelphia.
MoreIndiana improves in business tax ranking
September 25, 2009
IBJ StaffIndiana is becoming more business-friendly, according to the latest national ranking from the Tax Foundation, which moved
the state
up two places to 12th.
MoreFinish Line suffers second quarter loss
September 24, 2009
Associated PressSporting goods retailer The Finish Line Inc. said on Thursday that it lost $874,000 in the second quarter, mostly because
of a loss it took by unloading its unsuccessful Man Alive stores in July.
MoreSt. Francis resumes work on $265M project
September 24, 2009
J.K. WallWith its financial performance exceeding expectations, St. Francis Hospital & Health Centers will resume construction on a
$265 million, 221-bed patient tower at its Indianapolis campus, the hospital system announced Thursday.
MoreLilly's win in Evista patent case crucial, analyst says
September 24, 2009
Scott OlsonA decision by a federal judge in Indianapolis to turn back a patent challenge to Eli Lilly and Co.'s Evista marks a major
victory for the company, says an analyst who closely follows the pharmaceutical industry.
MoreHistoric Landmarks returning to headquarters
September 24, 2009
IBJ StaffThe Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
MoreJudge upholds Lilly's Evista patent
September 24, 2009
J.K. WallA federal judge in Indianapolis turned back a patent challenge to Eli Lilly and Co.’s drug Evista, the company announced
late yesterday.
MoreEx-Lampoon exec Dan Laikin admits to stock fraud
September 23, 2009
Greg AndrewsCarmel businessman Dan Laikin pleaded guilty this afternoon to participating in a fraudulent scheme to pump up the stock price
of National Lampoon Inc., the Los Angeles-based entertainment company he led.
MoreIndy Partnership eyes more jobs from Germany
September 23, 2009
Scott OlsonAn Indy Partnership official departed for Germany yesterday on a trade mission promoting economic development opportunities
in the 10-county Indianapolis area.
MoreIndy Audio Labs wiring for relaunch of high-end home theater brands
September 23, 2009
Chris O'MalleyTwo former Klipsch Group engineers plan to return to the market a brand of amplifiers famous among audio enthusiasts. Indy
Audio Labs, owned by Rick Santiago and Ted Moore, bought the Aragon and Acurus brands of amps, pre-amps and sound processors
from Klipsch and are planning a
2010 launch.
MoreOld National prices offering at $10 per share
September 23, 2009
Scott OlsonEvansville-based Old National Bancorp said yesterday that it has priced its public offering of 18 million shares of company
stock at $10 per share.
MoreLilly Endowment funds OrthoWorx effort with $7 million
September 23, 2009
J.K. WallA new group expected to develop the orthopedic implants industry in Warsaw will be able to proceed now that Indianapolis-based
Lilly Endowment Inc. is putting $7 million behind it, according to an announcement this morning.
MoreLilly agrees to settle more state Zyprexa suits
September 22, 2009
Eli Lilly and Co. has agreed to confidential terms to settle lawsuits brought by seven states alleging the company illegally
marketed bestselling antipsychotic drug Zyprexa, Bloomberg News reported today.
MoreNCAA's CFO named interim president
September 22, 2009
Anthony SchoettleJames L. Isch, the NCAA's long-time chief financial officer, has been named interim president of the association, replacing
Myles Brand, who died last week of pancreatic cancer.
MoreIndyGo ends commuter bus route from Greenwood
September 22, 2009
IBJ StaffDue to low ridership, the IndyGo Commuter Express route from Greenwood to downtown Indianapolis will end Dec. 1.
MoreIrwin Financial files for bankruptcy liquidation
September 21, 2009
Peter SchnitzlerColumbus-based Irwin Financial Corp. has filed for Chapter 7 bankruptcy, setting the stage for the liquidation of the remaining
assets of the troubled banking company.
MoreIndianapolis lands 2013 men's NCAA regional
September 21, 2009
IBJ Staff and Associated PressIndianapolis has been selected to host a regional round of the 2013 NCAA men's basketball tournament, the NCAA announced
today.
MoreMead Johnson plans expansion in Evansville
September 21, 2009
IBJ Staff and Associated PressMead Johnson Nutrition plans to spend nearly $33 million at a southwestern Indiana facility where it plans to start making
powdered infant formula products.
MoreUnfinished federal bailout sealed Irwin's failure
September 21, 2009
Peter SchnitzlerUp to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
MoreFort Wayne lures long-time conventions from Indy
September 21, 2009
IBJ Staff and Associated PressFort Wayne's expanded convention center and a planned downtown hotel are proving attractive to conventions, including at least
four events long held in Indianapolis.
MoreOld National selling stock to fund potential purchases
September 21, 2009
Scott OlsonEvansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public offering
and will use some of the proceeds to fund potential acquisitions.
MoreComcast rolls out on-demand education offerings
September 21, 2009
IBJ StaffComcast Corp. is making videos seen on the Discovery Education channel available on demand to its Indianapolis-area digital
subscribers, the cable television company announced today.
MoreNASDAQ threatens to delist Emmis stock
September 21, 2009
IBJ StaffNASDAQ has notified Emmis Communications Corp. that it is in danger of being delisted if the company's stock doesn't rise
above the minimum bid price of $1 per share within the next six months.
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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.