News & Analysis

Bioanalytical Systems names new chief executive

May 14, 2010
 IBJ Staff
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive Richard M. Shepperd earlier this year.
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Local businesswoman re-elected as chair of national group

May 14, 2010
Jean Wojtowicz will serve another one-year term leading the board of the National Association of Development Companies.
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Lilly, others cut U.S. tax bills through transfer pricing

May 14, 2010
Bloomberg News
U.S. companies, including Eli Lilly, amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of last year. That cumulative total increased 70 percent over three years.
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FBI combs through records on Brizzi deals

May 13, 2010
Cory Schouten
The FBI is collecting records on an Elkhart real estate deal and an Indianapolis drug case, both involving Marion County Prosecutor Carl Brizzi and defense attorney Paul Page.
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State auctioning 'lost' Indianapolis Indians stock

May 13, 2010
Scott Olson
The bidding for eight shares with unclaimed ownership will begin at $25,000 each. Shares in the team rarely come up for sale.
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Cheer competition inks three-year extension with city

May 13, 2010
Jamfest Cheer Super Nationals will be held in Indianapolis through 2015. The competition is one of the city's largest annual gatherings, attracting about 20,000 cheerleaders and spectators.
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Indiana, IBM sue each other over welfare contract

May 13, 2010
 IBJ Staff and Associated Press
IBM says it is owed nearly $53 million in fees and equipment expenses under the 2006 contract. The state says in its lawsuit that it has paid $437 million to IBM and has received "minimal value" in return.
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Stockholders of unclaimed Indians shares

May 13, 2010

The listed holders of eight unclaimed shares of Indianapolis Indians stock and their last known addresses:

ADI Appliances
5350 Lakeview Parkway South Drive
Indianapolis
(owns two shares)

Borden’s Golden Social Club
6815 Guion Road
Indianapolis

Mary H. Martin
3655 Boulevard Place, No. 212
Indianapolis

Estelle R. Spurling
7988 N. Michigan Road, Apt. 308
Indianapolis

Jeanette E. Herr
3208 Lost Valley Road
Fort Wayne, Ind.

Lillian Ramsey
300 N. Michigan St., Suite 404
South Bend, Ind.

William B. Frost
467 N. Conde St.
Tipton, Ind.

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LEADING QUESTIONS: Lead-foot Skillman takes tactful route

May 12, 2010
Mason King
LQ_Skillman_WVLt. Gov. Becky Skillman left behind the hot-rod racing of her youth for the hallowed halls of the Statehouse. Polite persuasion is her secret weapon.
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City visitors group launches $1.3M ad campaign

May 12, 2010
Scott Olson
The Indianapolis Convention & Visitors Association is spending $1.3 million to promote the city to eight Midwestern markets, in hopes of attracting more travelers.
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Ritter's buyer embarking on custard chain turnaround

May 12, 2010
Scott Olson
After purchasing the Franklin-based company two years ago, TruFoods says it now is positioned to seek franchisees in an attempt to grow the Ritter's chain to 100 locations within five years.
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'Indiana Experience' boosts Historical Society visits

May 12, 2010
Society says the attendance represents a 57.4-percent increase over typical walk-in traffic to the Indiana History Center.
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WTHR names new general manager

May 12, 2010
John Cardenas, news director at WBNS-TV Channel 10 in Columbus, Ohio, will assume his new job at WTHR June 1. He'll take over for Jim Tellus, who died suddenly in early March.
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Marian University renames biz school after insurance exec

May 12, 2010
J.K. Wall
Marian University has renamed its school of business after Clark H. Byrum, president of Indianapolis-based The Key Corp., who made a significant gift to the university this month.
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CountryMark acquires oil wells in southern Indiana

May 12, 2010
J.K. Wall
Indianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the Illinois basin.
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City says it will keep library branches open

May 12, 2010
Details of a plan to assist the Indianapolis-Marion County Public Library have yet to emerge, but city leaders are pledging their support to shore up a widening budget gap.
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Study: Quality, costs better at big practices

May 12, 2010
J.K. Wall
As physician mergers increase in Indianapolis, a new study has determined that quality at large, multispecialty practices is at least 5 percent higher and costs are 3.6 percent lower than at small group practices.
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Lilly still waiting on once-weekly Byetta

May 12, 2010
J.K. Wall
The U.S. Food and Drug Administration last week pushed its self-declared deadline for rendering an approval decision on the drug Bydureon to Oct. 22. The previous deadline was in March.
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Q&A

May 12, 2010
J.K. Wall
Joe Guzman is a co-founder of Indianapolis-based Ascend USA, the new trade adopted after Guzman merged his benefits brokerage, Benefits Strategies Inc., with benefits business Steven Goodin. The eight-person firm expects to hire as many 15 new employees in the next year. Those workers will help Ascend diversify from health benefits into brokering commercial insurance products.
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Mayor unveils infrastructure-improvement plan details

May 11, 2010
City would use $425 million expected from selling the city's water and sewer utilities to Citizens Energy Group to upgrade city streets, sidewalks and bridges.
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CIB agrees to help Black Expo, but not with grant

May 11, 2010
Scott Olson
Capital Improvement Board votes not to restore IBE's annual $150,000 grant, but agrees to provide the organization with in-kind services equaling the amount.
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Shareholders overwhelmingly OK Conseco name change

May 11, 2010
J.K. Wall
Carmel-based life and health insurer is now CNO Financial Group Inc. to reflect what company officers call a "transformation" of the once-troubled firm.
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Resource lands Colliers affiliation

May 11, 2010
Cory Schouten
Resource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective immediately, the company said.
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Chrysler plans to spend $300M retooling Kokomo plants

May 11, 2010
Investment in transmission and casting plants, however, hinges on city's ability to offer tax abatement.
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Apartment sellers testing market again

May 11, 2010
Tom Harton
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
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  1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

  2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

  3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

  4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

  5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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