News & Analysis

Bluefish Wireless set to announce up to 150 new local jobs

January 27, 2010
Chris O'Malley
A Zionsville firm that manages employers' wireless devices plans expansion, new jobs. Clients include such Fortune 500 companies as Intel, Oracle, Ford Motor Co.
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Concluding the worst is over, investors warm to WellPoint

January 27, 2010
J.K. Wall
Analysts say losses of employer-sponsored insurance customers due to layoffs is finally slowing down.
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Remy hybrid agreements help offset GM loss

January 27, 2010
Scott Olson
Pendleton-based Remy International signs deals with Allison Transmission Inc. in Indianapolis and German automaker Daimler AG to supply electric motors for hybrid systems. The agreements should help offset a loss of business from General Motors.
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Steep sales decline forces Hurco to slash executive pay

January 27, 2010
Peter Schnitzler
Indianapolis-based machine toolmaker's CEO takes 63-percent compensation cut.
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Health care reform dead; long live reform

January 27, 2010
J.K. Wall
Massachusetts’ election of a Republican senator has put health reform legislation on life support. But for the health care industry, reform is a reality that isn’t going to die.
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Lilly looks to autoimmune drugs

January 27, 2010
J.K. Wall
Two local researchers show why Eli Lilly and Co. and its peers are interested in developing medicines to treat automimmune diseases: The costs of treating them are growing twice as fast as the prescription drug market.
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Two companies set to make major local expansions

January 27, 2010
Express Scripts Inc. on the west side of Indianapolis and Zipp Speed Weaponry in Speedway are scheduled Wednesday afternoon to announce the creation of hundreds of new jobs.
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Toyota workers will stay on job at Indiana plants

January 27, 2010
Associated Press
No immediate layoffs are planned at the two Indiana factories that build Toyota models included in the company's production halt as it looks to fix sticking gas pedals.
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Fair Finance investors fear money is disappearing

January 27, 2010
Greg Andrews
Ohio residents who attended investor meeting say recovering funds hinges on locking down assets that remain.
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WellPoint beats expectations, lowers '10 profit forecast

January 27, 2010
J.K. Wall
The Indianapolis-based health insurer earned $6.09 per share in 2009, excluding extraordinary items; it expects a $6-per-share profit in 2010.
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Toyota suspending production at two Indiana plants

January 27, 2010
 IBJ Staff and Associated Press
Toyota is halting production at six North American car-assembly plants—including Indiana facilities in Princeton and Lafayette—beginning the week of Feb. 1 to fix gas pedals that could stick and cause acceleration without warning.
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Hoosiers can now renew driver's licenses online

January 26, 2010
Associated Press
The BMV said Tuesday it has started offering online driver's license renewals at the agency's Web site.
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Local small-biz owner invited to attend State of Union speech

January 26, 2010
Scott Olson
The founder of TrendyMinds, an Indianapolis advertising and public relations firm, will attend President Obama's State of the Union address Wednesday evening. Trevor Yager is among several small-business owners nationwide who were invited.
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Durham yacht up for sale; asking price $4.8 million

January 26, 2010
Greg Andrews
Indianapolis financier Tim Durham's famed 98-foot yacht is up for sale for $4.8 million. Durham has been selling some of his holdings in recent months as financial pressures have intensified after the FBI raided his offices in Indiana and Ohio.
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Source: WISH-TV lays off news, production workers

January 26, 2010
Anthony Schoettle
WISH-TV Channel 8 laid off employees late last week as local TV market is battered by swooning economy.
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Northwest-side industrial park sells for almost $30 million

January 26, 2010
Tom Harton
The North by Northwest Business Park near 86th Street and Georgetown Road has been sold to firms in Minneapolis and Baltimore for $29.6 million.
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City to use $22.9M in stimulus for street, bridge repairs

January 26, 2010
Indianapolis will spend $22.9 million in federal stimulus money to make street and bridge repairs starting in the spring.
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Fast-growing Ivy Tech feeling pain of funding cuts

January 26, 2010
Scott Olson
Hoosiers enrolling at fast-growing Ivy Tech Community College might find it increasingly difficult to get the classes they want at the times they prefer. Blame burgeoning enrollment and $10 million in funding cuts.
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Pitney Bowes moving 30 jobs to Indianapolis area

January 26, 2010
 IBJ Staff and Associated Press
Company plans to close operations in Miamisburg, costing the southwest Ohio city 75 jobs.
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Ivy Tech names new business school dean

January 26, 2010
Ivy Tech Community College's new dean of the School of Business for its East Central Region will oversee all business programs at its Anderson, Marion and Muncie campuses.
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Lilly shares get boost from OK of rival's drug

January 26, 2010
 IBJ Staff and Bloomberg News
Shares of Lilly and partner Amylin rose on hopes that their new version of Byetta will be approved following U.S. regulators' clearance of a similar drug.
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House lawmakers put statewide smoking ban on hold

January 25, 2010
Associated Press
The bill, would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.
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NFL conference title games draw most viewers since 1980s

January 25, 2010
Associated Press
The Indianapolis Colts' win over the New York Jets on CBS drew 46.9 million viewers, the most for an American Football Conference title game since Patriots-Dolphins in 1986.
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New library standards to enhance online access

January 25, 2010
Associated Press
Hoosiers will have more access to the Internet and to public library materials across the state under a new set of standards adopted by the Indiana State Library and Historical Board.
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Celadon reports lower profit, higher revenue

January 25, 2010
Indianapolis trucking firm Celadon Group Inc. saw revenue rise to $127.2 million in its fiscal second quarter, although profit fell to $1 million.
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