News & Analysis

Museum revamping security strategy to save moneyRestricted Content

October 23, 2010
Kathleen McLaughlin
A security overhaul at the Indianapolis Museum of Art promises to be more effective while saving the cash-strapped museum $600,000 a year. More than 50 gallery attendants are gone, and so is the front desk, replaced by visitor assistants, most of whom are local college students.
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State’s jobless rate dips slightly to 10.1 percent

October 22, 2010
Indiana's unemployment rate in September was 0.1 percentage point lower than in August and the same as it was the same month last year. But it remains above the national rate of 9.6 percent.
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Monday morning commute downtown could be messy

October 22, 2010
Motivational event bringing 13,000 people to Conseco Fieldhouse is expected to snarl downtown traffic during the early morning commute.
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INSIDE DISH: Entrepreneur eschews MBA, opens French cafe

October 22, 2010
Mason King
Emilie Watch VideoEmilie Myers is getting all the practical experience she can handle as she and her mother (owner of Zionsville's late The Pie Safe) try to push La Mie Emilie into the black.
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Gleaners Food Bank names new CEO

October 22, 2010
Kathleen McLaughlin
After a national search, Cindy Hubert, CEO of Indianapolis-based Second Helpings, will take the reins from longtime Gleaners leader Pamela Altmeyer in November.
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Analysts: Lilly setbacks might spur shopping spree

October 22, 2010
Bloomberg News
CEO John Lechleiter claims Eli Lilly and Co. isn't interested in big acquisitions to bolster its flagging drug pipeline, but its recently devalued partner Amylin Pharmaceuticals might be the right fit, industry analysts say.
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Analysts grill Lilly execs on strategy after setbacks

October 21, 2010
J.K. Wall
Wall Street analysts on Thursday demanded to know what new things Eli Lilly and Co. is planning since the company’s vaunted pipeline has failed to produce a drug that will boost revenue after a wave of patent expirations. The answer: Not much.
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Vera Bradley shares off to impressive start

October 19, 2014
Stock in the Fort Wayne-based company began trading Thursday morning at $16 but climbed as high as $23.90.
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IU offering master’s degree in event tourism

October 21, 2010
Scott Olson
The Indiana University School of Physical Education and Tourism Management at IUPUI will begin accepting students for the program next fall. The chairman of the school says the new degree fits well with Indianapolis' mission to be a convention destination.
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Home Health Depot acquires Arcadia subsidiary

October 21, 2010
The division purchased by Home Health Depot markets and sells home health related items via mail and online. Terms of the deal were not disclosed.
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ITT profit soars despite drop in new-student enrollment

October 21, 2010
J.K. Wall
ITT Educational Services Inc.’s third-quarter profit of $93.2 million handily beat the expectations of Wall Street analysts, but the company suffered its first decline in new-student enrollment since the recession began.
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Lilly raises forecast after beating third-quarter profit estimates

October 21, 2010
J.K. Wall
The Indianapolis-based drugmaker reported a profit of $1.3 billion in the quarter ended Sept. 30, up 38 percent compared with last year. Excluding extraordinary items from a year ago, Lilly’s profit was up 2 percent.
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USA Track & Field hit with wrongful termination suit

October 20, 2010
Associated Press
Former USA Track and Field CEO Doug Logan filed a wrongful termination lawsuit against the governing body Wednesday, seeking payment after suddenly being fired last month following a 26-month tenure.
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Lilly suspends clinical trials after diabetes treatment fails

October 20, 2010
Bloomberg News
Eli Lilly and Co. and its development partner said an experimental diabetes treatment failed to help patients in a late-stage study, the second setback for a Lilly diabetes drug candidate in two days.
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Indiana agency paying law firm $5.25M to sue IBM

October 20, 2010
Associated Press
Barnes & Thornburg of Indianapolis was hired despite several conflicts of interest arising from the fact that it also represents former IBM partners involved in the welfare deal.
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Canadian company plans to create 175 jobs in Miami County

October 20, 2010
Conforce International Inc., a manufacturer of composite flooring systems for the transportation industry, plans to invest more than $13.8 million to purchase and equip a plant in Peru, which would be the company's first location in the United States.
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State getting $25M to clean up old GM sites

October 20, 2010
 IBJ Staff and Associated Press
Indiana will benefit from a $25.2 million environmental trust established to clean up and redevelop eight former General Motors plants throughout the state, officials said Wednesday.
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Investors brace for ITT's plan to survive new regulations

October 20, 2010
J.K. Wall
The Carmel-based for-profit educator stands to suffer a bigger impact than its peers from new regulations proposed by the U.S. Department of Education, which have already forced the industry behemoth to slash its forecasts.
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Corporations champion FFA’s mission

October 20, 2010
Scott Olson
The organization's annual convention, which runs Wednesday through Saturday, attracted 375 exhibitors, an impressive number considering the tepid economy.
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New 'Superman' fellowship hoping to start local charter schools

October 20, 2010
J.K. Wall
Playing off the new education reform documentary “Waiting for ‘Superman,’” the GEO Foundation is using a $100,000 grant to fund a fellowship to launch charter schools in Indianapolis.
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City rolls out revised parking-meter deal

October 20, 2010
Francesca Jarosz
City would reap more cash in the long run and get more flexibility to alter the deal if necessary, but the controversial 50-year term of the contract remains.
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UPDATE: Lilly, others see stock slide after drug rejection

October 20, 2010
Bloomberg News
Stock in Eli Lilly and Co., Amylin Pharmaceuticals Inc. and Alkermes Inc. dropped after they were rebuffed a second time in a bid to gain U.S. approval of a once-weekly version of the diabetes drug Byetta.
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M&I Bank names new Indiana president

October 20, 2010
 IBJ Staff
Tim Massey, who has been head of commercial banking, replaces Reagan Rick, who was promoted to a regional management position.
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Vera Bradley set to go public

October 20, 2010
Scott Olson
The Fort Wayne-based company is scheduled to begin trading as a public company Wednesday morning. The estimated offering price is $14 to $16 each, although a Morningstar analyst predicts the IPO could bring as much as $18 a share.
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'Payer mix' playing role in hospital merger

October 20, 2010
J.K. Wall
Morgan Hospital & Medical Center is on the brink of merging with Clarian Health for a variety of reasons, but one of the biggest is one that all hospitals are facing in one way or another: a declining payer mix.
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