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Stretch of I-465 westbound reopens, several ramps still closed
October 23, 2009
The westbound lane of Interstate 465 reopened Friday afternoon on the city's northeast side following the tanker explosion
Thursday that closed parts of the expressway in both directions.
MoreBankruptcies, store closings help Halloween shops scare up space
October 23, 2009
Scott OlsonLike zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
MoreSteak n Shake nearer to merger with steak chain
October 23, 2009
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
MoreI-69 reopens; I-465 still closed following explosion
October 22, 2009
IBJ Staff and Associated PressIndiana State Police are cautioning motorists to steer clear of Interstates 465 and 69 on the northeast side of the city this
evening following a propane tanker explosion that closed the roadways.
MoreEli Lilly CEO banking on new drug pipeline
October 22, 2009
Associated PressCEO John Lechleiter says Lilly's pipeline has helped it rebound from significant patent losses three times during his 30-year
career at the company. He's betting there will be a fourth.
MoreHuge truck explosion clogs north-side traffic
October 22, 2009
IBJ Staff and Associated PressA liquid propane tanker exploded on a highway ramp Thursday morning, closing Interstates 69 and 465 on the north side of Indianapolis.
According to initial TV reports, the closure could be long term due to structural damage caused by the explosion.
MoreLocal lenders support small-biz loan initiative
October 22, 2009
Scott OlsonSmall business lenders in Indianapolis are supporting a proposal announced by President Obama Wednesday that would increase
the size of government-backed loans.
MoreDow AgroSciences' revenue, profit fall on lower crop prices
October 22, 2009
Dow AgroSciences, the local subsidiary of Midland, Mich.-based Dow Chemical Co., said Thursday that revenue fell 20 percent
and profits plummeted in the third quarter due largely to lower crop commodity prices.
MoreITT stock swoons despite higher profits, enrollment
October 22, 2009
J.K. WallInvestors dumped shares of ITT Educational Services Inc. on Thursday morning as the company remained mute on its year-end
profit forecast while announcing that its bad-debt expenses were rising faster than revenue.
MoreZimmer profits fall, but beat expectations
October 22, 2009
J.K. WallThe Warsaw-based company recorded a third-quarter profit of $150 million, down 30 percent from the same quarter a year ago.
MoreLilly, GE announce cancer diagnostic breakthrough
October 21, 2009
J.K. WallEli Lilly and Co. and General Electric Co. say they've made a breakthrough in cancer research that could help Lilly cut the
size and cost of its clinical trials.
MoreUncertainty over drug pipeline sends Lilly shares down
October 21, 2009
J.K. WallFor the first time publicly, Eli Lilly and Co. officials admitted the obvious: Their pipeline products
aren't likely to offset the revenue the company will lose after its two bestsellers, Zyprexa and Cymbalta, lose patent exclusivity.
MoreCity official: 'We're obligated' to weigh privatizing some stadium, convention duties
October 21, 2009
Peter SchnitzlerMayoral Chief of Staff Paul Okeson said the city isn't sure it makes sense to privatize operations now handled by
the Capital Improvement Board, “but we’re obligated on behalf of the taxpayer to find out.”
MoreWater bottler buys Plainfield distribution building
October 21, 2009
Cory SchoutenA California water bottler has purchased a Plainfield distribution building for its first Midwestern outpost.
MoreState jobless rate dips for third consecutive month
October 21, 2009
Scott OlsonUnemployment in Indiana fell for the third consecutive month in September, bucking the national trend of rising jobless rates,
the Indiana Department of Workforce Development said Wednesday morning.
MoreCook: Tax could kill 1,000 jobs in Bloomington
October 21, 2009
J.K. WallBloomington-based Cook Group Inc. could find itself cutting as many as 1,000 local jobs if Congress enacts a tax on
medical devices to pay for health care reform, company founder Bill Cook said in an interview.
MoreLilly reports $942 million profit in third quarter
October 21, 2009
J.K. WallExcluding special items, Eli Lilly and Co.'s earnings per share spike 22 percent on the strength of Alimta, Cymbalta and Humalog
sales. Lilly's revenue rose 7 percent in the quarter over the same period of 2008,
to $5.56 billion.
MoreCity seeks ideas to privatize stadium, convention center operations
October 20, 2009
Peter SchnitzlerThe city of Indianapolis is considering ways to get out of the professional sports stadium and convention center management
business.
MoreFewer home-building permits signal weakness ahead
October 20, 2009
Associated PressApplications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
MoreEmmis on way to avoiding stock delisting
October 20, 2009
Scott OlsonIndianapolis-based media company Emmis Communications Corp. is halfway home to maintaining its listing on the NASDAQ stock
exchange.
MoreMedco plans to compare Plavix, Effient in study
October 20, 2009
IBJ Staff and Associated PressMedco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix, the world's second-best selling drug, with
Effient, a potential blockbuster drug sold by Indianapolis-based Eli Lilly and Co.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MoreCook calls for new approach to health reform
October 20, 2009
J.K. WallFounder of medical device firm says Congress should fund network of low-cost clinics.
MoreLaw firm sticks with unconventional space
October 20, 2009
Tom HartonWith its expansion last month into the historic Eden-Talbott House at 1336 N. Delaware St., the local environmental law firm
Plews Shadley Racher & Braun now owns and occupies three historic homes and a 1950s-era office building in the same block.
MoreLocal radio ratings race tightening
October 19, 2009
Anthony SchoettleThe latest Arbitron Inc. radio ratings show the central Indiana market is becoming far more competitive, with the top
stations separated only by fractions of a point. WFMS-FM slipped, but remained No. 1, while urban stations WHHH-FM and WTLC-FM
climbed into the next two spots.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!