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News & Analysis
Area home-sale agreements level off, prices still falling
September 10, 2009
IBJ StaffThe housing slump may be weakening in the nine-county Indianapolis area, if a report released today by F.C. Tucker Co. is
any indication.
MoreRaytheon lays off 77 at local avionics center
September 10, 2009
Chris O'MalleyRaytheon Technical Services Co. LLC today eliminated 77 jobs at its avionics development center at 6125 E. 21st St. in Indianapolis.
MorePurdue lands $105M grant to fund earthquake center
September 10, 2009
IBJ StaffPurdue University announced today that it has received $105 million from the National Science Foundation to fund a center
to research earthquakes and tsunamis.
MoreSanctions lifted, WellPoint returns to Medicare biz
September 10, 2009
J.K. WallNine months after being suspended as a contractor for the federal Medicare program, WellPoint Inc. is back in the game.
MoreCommunity Fair promotes volunteerism
September 10, 2009
The city of Indianapolis and United Way of Central Indiana will host the eighth annual Community Fair on Monument Circle from
11 a.m. to 2 p.m. tomorrow to commemorate the anniversary of 9/11.
MoreLithium-ion battery maker names new president
September 10, 2009
IBJ StaffEnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, has named a new president, the company announced
today.
MoreMedical device developer receives $1M in federal funding
September 10, 2009
Scott OlsonIndianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has
received $1 million in federal funding.
MoreBioCrossroads rolls out orthopedic initiative
September 10, 2009
J.K. WallWith job growth surging in Warsaw's orthopedic cluster, the life sciences development group BioCrossroads Inc. set out to...
MoreSimon Foundation gives $1M to library literacy initiative
September 9, 2009
IBJ StaffThe Indianapolis-Marion County Public Library Foundation today announced that it has received a $1 million gift from the Herbert
Simon Family Foundation to expand its early childhood literacy initiative.
MoreIndiana expects jobless fund troubles until 2015
September 9, 2009
Associated PressIndiana officials say it will take longer to resolve the state's bankrupt unemployment insurance fund's funding troubles
than projected when a law designed to start fixing the system was enacted in April.
MoreDeals from China trip unlikely to come right away, official says
September 9, 2009
Scott OlsonDon't expect the contingent traveling with Gov. Mitch Daniels on his 10-day trade mission to China and Japan to return to
Indiana with a major commitment from an Asian company.
MoreLocal truck dealer strikes deal for big daddy of hybrids
September 9, 2009
Chris O'MalleyIndianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of
tire-kicking but no action from fleet buyers and plenty of interest from television-news types.
MoreHHGregg promotes three executives
September 9, 2009
IBJ StaffIndianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including
the appointment of a new chief financial officer.
MoreLilly paid doctors to prescribe Zyprexa, notes say
September 8, 2009
IBJ StaffEli Lilly and Co. paid doctors in South Carolina for participating in a speakers' program in exchange for prescribing the
antipsychotic Zyprexa, according to notes by Lilly sales representatives reviewed by Bloomberg News.
MoreReport: Ice Miller, Louisville firm end merger talks
September 8, 2009
Scott OlsonMerger talks that began last year between local legal heavyweight Ice Miller LLP and a Louisville-based law firm reportedly
have broken down, putting an end to a deal that was expected to close by the end of the year.
MoreExactTarget enters European market through acquisition
September 8, 2009
Indianapolis-based ExactTarget announced this morning that it has launched a new international division in London following
its acquisition of Keymail Marketing.
MorePlanned Parenthood closing 5 Indiana clinics
September 7, 2009
Associated PressPlanned Parenthood will close five health clinics across central Indiana after losing some of its federal grant money to provide
family planning services to low-income women.
MoreSweetener company Heartland looks for openings in crowded field
September 5, 2009
Kathleen McLaughlinHeartland Sweeteners LLC is now a top maker of private-label alternatives to Splenda. The company also
markets its own products directly to consumers.
MoreSoft sales plague furniture retailers
September 5, 2009
Cory SchoutenFurniture is one of the easiest big-ticket purchases for consumers to defer when money is tight. Couple
that with a housing bust that left demand for new couches on the curb, and tight credit markets that
continue to prevent retailers from financing customers without perfect credit, and you’ve got the
worst market for furniture since the Great Depression.
MoreRegion's expertise in hybrid cars goes beyond high-profile players
September 5, 2009
Chris O'MalleyBright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several
other players poised to be big players in the sector. In fact, few realize that North America’s largest producer
of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
MoreCorporate sculptures lauded as landmarks, investments
September 5, 2009
Gabrielle PoshadloIn hard times like these, why would corporations spend on sculptures? Because sculptures create one-of-a-kind landmarks, and
the art has potential to grow in value.
MoreEx-workers sue Navistar, charge plant closing violated contract
September 5, 2009
Peter SchnitzlerForty-three former employees of Navistar Inc.’s shuttered diesel engine plant have sued the company, claiming it
breached their collective bargaining agreement by moving plant work in recent years to non-union facilities.
MoreIndiana Fiscal Policy Institute seeks comeback
September 5, 2009
Peter SchnitzlerThe Indiana Fiscal Policy Institute’s board has hired Indianapolis Star business columnist
John Ketzenberger to engineer a resuscitation.
MoreBuilding information modeling replacing computer-aided design
September 5, 2009
Scott OlsonArchitects, engineers, contractors and others in the design-build industry hope building information modeling will cut waste.
The technology allows more detailed viewing of projects before they move to construction.
MoreArt-gallery operators opening new spaces on Mass Ave
September 5, 2009
Kathleen McLaughlinThe launch of two new gallery ventures come on the heels of the closing of one of the
city’s most well-established fine contemporary art spaces, Ruschman Gallery.
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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.