News & Analysis

Lilly suspends late-stage trial for melanoma drug

December 13, 2010
Bloomberg News
Eli Lilly and Co. suspended a late-stage clinical trial of a medicine for skin-cancer patients after 12 patients in the study died.
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Lost funding puts brakes on commuter buses

December 13, 2010
Francesca Jarosz
The expiration of a federal grant will halt a popular suburban commuter bus service at year’s end, but central Indiana transit advocates say it may be just a temporary stoppage.
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Simon’s options for Capital Shopping takeover dwindling

December 13, 2010
Bloomberg News
Simon Property Group Inc. may be running out of options in its quest to take over Capital Shopping Centres Group Plc and become the largest mall owner in the United Kingdom.
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IU surgeon Pescovitz dies in accident

December 13, 2010
J.K. Wall
Dr. Mark Pescovitz, a surgeon at the Indiana University School of Medicine, died Sunday in a car accident outside Ann Arbor, Mich., after visiting his wife, Dr. Ora Hirsch Pescovitz.
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Big Ten names divisions 'Leaders' and 'Legends'

December 13, 2010
Associated Press
The conference, expanding to 12 teams in all sports and adding divisions and a championship game in football starting next season, on Monday also unveiled a new logo and 18 football awards, each named after two standout Big Ten performers.
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CIB finances faring better than expected

December 13, 2010
Scott Olson
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
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Longtime local Cadillac dealer loses fight to sell car

December 13, 2010
Francesca Jarosz
Tutwiler Cadillac, which has sold Cadillacs in the Indianapolis area for almost five decades, has lost its franchise despite a long battle with General Motors.
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Steak n Shake's annual profit sizzles

December 13, 2010
Scott Olson
The Indianapolis-based restaurant chain grew pretax profit in fiscal 2010 to $37.7 million, a 331-percent increase compared with the previous fiscal year.
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Area home sales continue downward spiral

December 13, 2010
 IBJ Staff
Home-sale agreements in the nine-county central Indiana region dropped 17.5 percent in November compared to the same month a year ago, the seventh straight month that year-over-year home sales have slumped.
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Brightpoint making $80M acquisition

December 13, 2010
 IBJ Staff
Indianapolis-based Brightpoint Inc. said Monday it has agreed to acquire Touchstone Wireless Repair and Logistics LP in an $80 million deal expected to close by the end of the year.
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British mall owner rejects Simon financing plan

December 13, 2010
Bloomberg News
Capital Shopping Centres Group Plc, Britain’s biggest shopping-mall owner, rejected a financing plan that would have given potential suitor Simon Property Group Inc. a larger stake in the company.
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Insurer Baldwin & Lyons names new CEO

December 12, 2010
 IBJ Staff
Indianapolis-based Baldwin & Lyons Inc. has named Joseph J. DeVito its new CEO, replacing Gary W. Miller, who has led the insurer for 13 years.
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Bayh says he will not run for governor in 2012

December 12, 2010
Associated Press
Many Indiana Democrats had hoped a Bayh candidacy for governor could begin reversing a string of setbacks for their party.
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IU's health care budget could be $25 million short

December 11, 2010
Associated Press
Indiana University's board of trustees has learned that the school's health care budget is $24.9 million short of projected expenses in 2011-12.
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NFL owners start planning for possible lockout

December 11, 2010
Anthony Schoettle
The Indianapolis Colts—and the team’s National Football League brethren—this month laid out plans for how teams would refund money to season-ticket buyers in the event owners lock out players and games are canceled next season.
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Former Allison executive alleges bribery

December 11, 2010
Kathleen McLaughlin
Stephen Lowe, a former Allison Transmission managing director based in Shanghai, claims the company booted him from a top post in China because he raised concerns about bribery.
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Controversial airport scanners identify more crooks than terrorists

December 11, 2010
Chris O'Malley
The federal government’s latest, more-intrusive airport screening measures appear more useful in finding drugs and wads of cash than tools of terror, a review of Indianapolis Airport Police records suggests.
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Summit Realty plans to grow into new headquarters

December 11, 2010
Cory Schouten
Summit Realty Group is building out a new headquarters in a historic downtown building as its principals embark on an aggressive growth plan for the privately held company.
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Distribution deal to stoke sales at pain-pump maker SymbiosRestricted Content

December 11, 2010
J.K. Wall
The Indianapolis company expects the pact will boost revenue from $1 million now to more than $10 million in 2013.
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Language Training Center finds lucrative niche in sportsRestricted Content

December 11, 2010
Anthony Schoettle
Women's golf tour, other sports properties turn to local firm for language, cultural skills
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One Click buys, rejuvenates retail websites using online marketing savvyRestricted Content

December 11, 2010
Chris O'Malley
Greenwood company buys sites on the cheap and turns them into profit centers.
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Online 'daily deals' coupons transform local advertisingRestricted Content

December 11, 2010
Cory Schouten
A big-dollar offer from Google for Groupon—the undisputed king of a U.S. daily deal industry already worth $2.5 billion a year—has emboldened an armada of coupon competitors looking to grab a piece of the fast-growing market.
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TJX closing A.J. Wright brand, cutting 4,400 jobs

December 10, 2010
Associated Press
Indianapolis has four A.J. Wright stores that are slated for conversions rather than closures.
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CB Richard Ellis names new managing director

December 10, 2010
The local office of the commercial real estate brokerage has named firm veteran John Merrill as its new managing director. He replaces David Reed, who left in late August.
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Printer suing Indianapolis Woman publisher for $271K

December 10, 2010
Scott Olson
Mignone Communications claims Weiss Communications, which publishes Indianapolis Woman, owes it $271,196 for printing costs dating to November 2007.
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  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

  5. Aldi is generally a great shopping experience. Still, I'm sure YOU wouldn't want to shop there, which I consider a positive.

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