News & Analysis

Accounting charge dents Zimmer's fourth-quarter profits

January 28, 2010
J.K. Wall
But excluding special charges, Warsaw-based orthopedic implant maker grows profits 5 percent, easily beating expectations of Wall Street.
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Lilly's profits fall, miss analyst expectations

January 28, 2010
J.K. Wall
The Indianapolis-based drugmaker says a weaker dollar depressed earnings in the fourth quarter compared with a year ago.
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Duke Realty reports loss, says outlook remains 'challenging'

January 27, 2010
Cory Schouten
Locally based Duke Realty Corp. reported a 53 percent drop in funds from operations in the fourth quarter but still managed to beat Wall Street expectations.
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Panel OKs bill to provide pet buyers with info

January 27, 2010
Associated Press
The bill would require pet stores to put information about the dog or cat on its cage in the store, including the animal's medical history, the name of the breeder and any congenital disorders.
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Bicycle-components manufacturer adding 105 jobs

January 27, 2010
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis to make its high-end bicycle components.
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Indiana Senate panel approves school-start-date bill

January 27, 2010
 IBJ Staff and Associated Press
The committee endorsed legislation that would prevent the state's public schools from starting classes before Labor Day.
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Express Scripts to add 182 pharmacy jobs by 2012

January 27, 2010
 IBJ Staff
Drug distribution firm that acquired former WellPoint subsidiary plans to consolidate specialty pharmacy work at local airport facility.
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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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