News & Analysis

Good Earth exits appeal of Broad Ripple project

August 18, 2014
Scott Olson
The $30 million development has been delayed by a request to repeal a zoning change for the property. Though Good Earth is no longer involved, a local resident is continuing his fight against the project from Browning Investments Inc.
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Lilly among those eyeing antibiotic maker Cubist, analyst says

August 18, 2014
Bloomberg News
The rising threat from drug-resistant germs and increasing calls from global health groups for more potent antibiotics is placing a premium on companies such as Cubist. The $4.8 billion drug developer is preparing to introduce four new medicines by 2020.
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Indiana's first female chief justice taking office

August 18, 2014
Associated Press
Loretta Rush is scheduled to be sworn in as Indiana Supreme Court chief justice on Monday afternoon by Gov. Mike Pence. She replaces current Chief Justice Brent Dickson.
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State adds jobs; unemployment rate remains at 5.9 percent

August 18, 2014
 IBJ Staff and Associated Press
Indiana added 9,900 private-sector jobs in July, with more than half of them coming in the manufacturing sector, the state announced Monday morning.
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Company closing local operations, cutting 110 workers

August 18, 2014
Jeff Newman
ModusLink Global Solutions Inc. plans to shut down its 96,000-square-foot distribution facility in Indianapolis, eliminating 110 jobs by the end of October, the company said late last week.
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Sun King plans $8.8M brewery, tasting room in Fishers

August 18, 2014
Andrea Muirragui Davis
Homegrown craft-beer maker Sun King Brewing Co. plans to build a second production facility and tasting room in Fishers, adding capacity as it widens its reach. The Town Council will consider a $2.5M economic development deal Monday night.
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Rebates shrink as Anthem gets better at pricing

August 18, 2014
J.K. Wall
Hoosiers are receiving $11.9 million in rebates this year from health insurers that used less than 80 percent of their 2013 premiums for medical bills last year. That’s down from $22.6 million handed out last year.
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Muncie packaging company to lay off 261 workers

August 17, 2014
 Associated Press and IBJ Staff
DIY Group packages products and displays for national manufacturers and retailers. The notice sent to the state cited the loss of a contract with Jarden Home Brands for the layoffs.
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Carpenter, Fisher to merge IndyCar teams in 2015

August 17, 2014
Associated Press
Ed Carpenter Racing and Sarah Fisher Hartman Racing said Saturday they will unite to form CFH Racing. The Indianapolis-based teams will be headquartered at Fisher Hartman offices a few blocks from Indianapolis Motor Speedway.
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Records — Aug. 18, 2014Restricted Content

August 16, 2014
Records listings from the issue of Aug. 18, 2014, issue of IBJ.
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Hendricks County pitching motorsports skill, expertise to medical manufacturers

August 16, 2014
Anthony Schoettle
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
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TOLLIVER: Warehousing, e-commerce merging in Indy areaRestricted Content

August 16, 2014
Jason Tolliver / Special to IBJ
As consumers, our need for instant gratification has never been greater, as evidenced by the rise of e-commerce. Shopping online and receiving an order that same day or the next is replacing the expectations of old, when we received our orders in a week or so.
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Recent minor-league team sales suggest Indians worth $40M-plus

August 16, 2014
Anthony Schoettle
A stunning string of sales of minor-league baseball teams this year suggests the Indianapolis Indians’ current stock buy-back offer might be undervaluing the franchise.
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Proportion of zero-car households rolls past 10 percent

August 16, 2014
Kathleen McLaughlin
Indianapolis experienced one of the fastest gains in car-less households of any major city in a recent five-year period, according to U.S. Census data compiled by a University of Michigan researcher.
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IU research center trying to remedy 'civic deficit'Restricted Content

August 16, 2014
The Center for Civic Literacy will open its first public conference Aug. 22 with the goal of connecting scholars and practitioners in the fields of education, business, not-for-profits, media and government.
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Children’s Museum expands footprint

August 16, 2014
Scott Olson
The Children’s Museum of Indianapolis plans to begin tearing down a nearby apartment building this month and is starting to explore options for the site that could include an outdoor attraction.
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Eli Lilly making renewed push in biotech field, where it once pioneered

August 16, 2014
J.K. Wall
Lilly expects to soon announce late-stage clinical trial results for two biotech drugs designed to slow the inflammation caused by autoimmune diseases. By the end of the year, it will announce results for a third.
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Emmis: Dynamic pricing will reshape many industriesRestricted Content

August 16, 2014
Dennis Barbosa
Indianapolis-based Emmis Communications Corp. executives believe their latest acquisition, a local flexible-pricing software firm called Digonex Technologies, can revolutionize any number of businesses, including radio.
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Illinois ends contract with private manager of lottery

August 15, 2014
 IBJ Staff
The manager, Northstar Lottery Group LLC, is 80-percent owned by Rhode Island-based Gtech Corp., the parent company of Gtech Indiana, which manages the Hoosier Lottery.
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Top Ballard deputy Kintner heading for private sector

August 15, 2014
Kathleen McLaughlin
Indianapolis Mayor Greg Ballard announced several staff changes Friday morning, including the planned departure of Deputy Mayor of Economic Development Deron Kintner.
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Lender files to foreclose on downtown's Villagio condos

August 15, 2014
Scott Olson
First Horizon Home Loans claims the owner of the Villagio at Page Pointe still owes nearly $5.2 million on an $11.6 million loan and is asking a court to appoint a receiver to manage the property until it's sold.
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IPL moves to drop coal from Harding Street power plant

August 15, 2014
 Associated Press and IBJ Staff
Indianapolis' electricity utility plans to convert its aging Harding Street power plant entirely to natural gas by 2016, after facing growing pressure to do so from environmental groups and politicians.
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U.S. factory output rises for 6th straight month

August 15, 2014
Associated Press
The Federal Reserve reports that manufacturing production rose 1 percent in July compared to the prior month. Over the past 12 months, manufacturing has risen 4.9 percent.
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Navient donates site to relocate historic home

August 15, 2014
 IBJ Staff
With the land donation, the Noblesville Preservation Alliance is now focused on raising the funds needed to move the Flanagan House from its current location to Navient’s campus on USA Parkway this fall.
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Indiana universities face budget cuts if tax intake lags

August 14, 2014
Associated Press
Indiana's public universities could see their budgets cut another 2 percent if state tax collections continue trailing expectations, Gov. Mike Pence's budget director said Thursday.
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