News & Analysis

Lilly among bidders for Denmark company, source says

July 30, 2010
Bloomberg News
Copenhagen-based health-care company Ascendis Pharma A/S received offers of about $400 million, an unidentified source said. Ascendis may choose a final bidder by early September.
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Simon Property Group reports improved quarterly results

July 30, 2010
 IBJ Staff
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
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$6.6M grant to help project at Crane tech park

July 30, 2010
Associated Press
A federal grant will pay most of the costs for an $8 million conference center that officials hope will help attract business to a technology park near the Crane Naval Surface Warfare Center.
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Emmis, Colts hire ex-Q95 jock 'Mad Dog' Matis

July 29, 2010
Anthony Schoettle
Jimmy "Mad Dog" Matis, who was fired after 23 years at Q95 earlier this year, finds a new gig—in sales—at Emmis. He also will do the Colts post-game show with Barry Krauss.
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Lauth moving HQ to North Meridian office building

July 29, 2010
 IBJ Staff
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement, the company announced Thursday afternoon.
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LEADING QUESTIONS: Burd Ford flies after tragedy

July 29, 2010
Mason King
Burd_WatchVideoRichard Burd's suicide led to shrewd cost-cutting at the family auto dealership. For Christine Burd, returning to profitability is both heartening and heartbreaking.
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Expedited security returns to Indianapolis International

July 29, 2010
iQueue promises faster travel through security checkpoints. Participants pay $169 a year and get biometric identity card.
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Bren Simon deposition sheds light on family feud

July 29, 2010
Cory Schouten
Bren Watch VideoA judge is scheduled to hear final arguments Thursday over whether Bren Simon should remain as trustee for her late husband's roughly $2 billion estate. A video deposition has provided a glimpse into ugly family conflicts.
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Hill-Rom raises profit forecast after quarterly earnings jump

July 29, 2010
J.K. Wall
The Batesville-based maker of hospital beds and furniture announced Wednesday night that it earned $30.6 million in its third quarter, up from $20.2 million in the same quarter of 2009.
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First Internet Bank reports strong second quarter

July 29, 2010
Fewer loan losses and an increase in net-interest income help the bank post one of its biggest quarterly profits in company history.
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Duke Realty's loss widens despite higher revenue

July 29, 2010
Scott Olson
Indianapolis-based real estate investment trust reports bigger quarterly loss, even though revenue, occupancy and tenant-retention rates rise.
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Baldwin profit falls on smaller investment returns

July 29, 2010
J.K. Wall
The Indianapolis-based insurer of truck and car fleets earned $5 million in the quarter ended June 30, down from $14.2 million in the same quarter a year ago.
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Investors fear insurers' rosy outlook will boost regulators' scrutiny

July 29, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring investor concern that state and federal regulators may increase scrutiny of industry pricing.
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Kokomo GM plant 'assessing' business operations

July 28, 2010
 IBJ Staff and Associated Press
GM spokesman Kevin Nadrowski says officials at the Kokomo Integrated Circuit Fab plant met with 375 workers Wednesday to say they're "assessing the business model at the plant based on recent business developments."
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Declining attendance forcing Speedway to make changes

July 28, 2010
Associated Press
Three days after witnessing the smallest Brickyard 400 crowd in the race's 17-year history, Indianapolis Motor Speedway CEO Jeff Belskus said he intends to cut ticket prices for about 75 percent of fans at next year's race.
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Frankfort manufacturer to build plant in Tennessee

July 28, 2010
Associated Press
NHK Seating of America's plant in Murfreesboro is expected to employ up to 224 workers when all phases of production are operating in 2015.
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Lilly loses appeal over patent for cancer drug Gemzar

July 28, 2010
 IBJ Staff and Bloomberg News
A U.S. appeals court Wednesday said a lower court was correct to invalidate a patent on the medicine that expires in 2013. Gemzar generated $1.36 billion in global sales in 2009.
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Developer making final push for embattled Uptown project

July 28, 2010
Cory Schouten
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use project at 49th Street and College Avenue. The project could be in trouble if he doesn't get city support.
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CEO of local chocolate company stepping down

July 28, 2010
Wayne Zink of Endangered Species Chocolate will become chairman of the company's not-for-profit foundation. Chief Operating Officer Curt Vander Meer will replace him as CEO.
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Life sciences deals pick up momentum

July 28, 2010
J.K. Wall
Venture dollars for Indiana life sciences companies are still few, but the flow of deals is picking up. Nine Hoosier companies scored investments totaling $10.4 million during the first six months of the year.
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WellPoint gains confidence as profits rise

July 28, 2010
J.K. Wall
The Indianapolis-based health insurer raised its full-year profit forecast after it earned $722.4 million, 4 percent higher than during the same quarter a year ago. Revenue and health plan membership fell.
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Movie-rental stores are next retail backfill opportunity

July 27, 2010
Tom Harton
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the nation’s second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
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Carmel finishes annexation of Southwest Clay

July 27, 2010
Associated Press
The community about 10 miles north of Indianapolis grew by 8.3 square miles and 8,000 people Tuesday with the long-planned annexation.
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Judge rules against Emmis shareholders, allows sale

July 27, 2010
Shareholders sued to temporarily block the sale of the public company, which is set to be acquired by JS Acquisition LLC, a private company formed by Emmis Chairman and CEO Jeffrey H. Smulyan.
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Feds: Texas pastor misused loan for Indiana church

July 27, 2010
Associated Press
A Houston minister accused of using money borrowed to build a new church to buy a mink coat and a Mercedes Benz missed his initial hearing in Indianapolis on Tuesday.
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