News & Analysis

Poll: Daniels little known among potential GOP candidates

November 10, 2010
Associated Press
Sarah Palin is the most polarizing of the potential 2012 Republican presidential candidates, while Mitch Daniels is one of the least recognized, a new survey finds.
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Daniels appoints new social services chief

November 10, 2010
Indiana Gov. Mitch Daniels has accepted the resignation of Family and Social Services Administration Secretary Anne Murphy and has appointed the agency's chief of staff, Michael Gargano, to replace her.
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GM's move to IndyCar could cost up to $50 million

November 10, 2010
Anthony Schoettle
Heavy investments in research and development, testing and marketing will be needed for the Detroit-based automaker to keep up with Honda.
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Gatling Gun Club building set for auction

November 10, 2010
Scott Olson
The historic structure at 709 N. Illinois St., along with a nearby parking lot, could be sold Wednesday afternoon. Declining membership and rising costs led the private club to seek a sale of the 160-year-old building.
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Teachers Credit Union chooses new leader

November 10, 2010
Senior vice president Paul A. Marsh will take over for Richard J. Rice, who has been president of the credit union since 1987.
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Jobless claims fall sharply to 4-month low

November 10, 2010
Associated Press
The U.S. Labor Department said Wednesday that initial claims for jobless aid dropped by 24,000, to a seasonally adjusted 435,000. Many Wall Street economists expected a smaller decrease.
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Acquisition big step for Lilly Diagnostics

November 10, 2010
J.K. Wall
Eli Lilly and Co.’s $800 million acquisition of Avid Radiopharmaceuticals Inc. is the biggest step yet in the drugmaker’s attempt to add diagnostics to its product portfolio.
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Nurse practitioners get some autonomy

November 10, 2010
J.K. Wall
Could nurse practitioners get a promotion in the medical field? At least one health insurer is treating them like doctors now.
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Drugmaker restarts race to boost 'good' cholesterol

November 10, 2010
Bloomberg News
Merck & Co. is betting it can succeed where Pfizer Inc. failed, with a new type of drug to combat heart disease by raising good cholesterol levels. Indianapolis-based Eli Lilly and Co. is testing a similar pill.
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Simon rival General Growth exits Chapter 11

November 9, 2010
Associated Press
General Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
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HHGregg shares swoon after quarterly report

November 9, 2010
Scott Olson
HHGregg Inc.'s profit in its fiscal second quarter fell 20.4 percent from a year ago while expansion boosted revenue 45 percent.
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Powerade becomes official sports drink of NCAA

November 9, 2010
Anthony Schoettle
NCAA officials on Monday announced a multi-year sponsorship deal with Coca-Cola, making Powerade the official sports drink of the association's 88 championships.
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Latest Startup Weekend offers twist for entrepreneurs

November 9, 2010
Scott Olson
Unlike past events in Indianapolis, this one features a panel of judges who will select a winning business idea, enabling a team to compete in a global online contest against other winners from cities worldwide.
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Redevelopment planned for vacant car dealership

November 9, 2010
Tom Harton
The 2.5-acre property might be retrofitted by late spring for fast-food, retail and possibly medical office users.
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Moody's downgrades long-term ratings for Eli Lilly

November 9, 2010
Associated Press
Moody's Investors Service on Monday lowered the long-term ratings of Lilly one notch, to A2 from A1, citing a wave of patent expirations the drugmaker faces in coming years.
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Arson ruled out in $7M fire at airport hangar

November 9, 2010
 IBJ Staff and Associated Press
The Indianapolis Airport Authority leases the hangar to ComLux Aviation Services, which uses it to maintain and refurbish business aircraft.
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Indianapolis, U.S. reach deal on sewage overflows

November 8, 2010
Associated Press
The new plan includes an accelerated construction schedule for the city's efforts to reduce sewage overflows from systems that carry both storm runoff and sanitary waste.
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Duke fires Indiana chief, lawyer after ethics flap

November 8, 2010
 IBJ Staff and Associated Press
Duke Energy Corp. has fired the president of its Indiana operations and a staff attorney following an ethics flap over its dealings with state utility regulators.
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City names new controller, communications director

November 8, 2010
 IBJ Staff
Jeff Spalding, a former financial administrator at the Indiana Commission for Higher Education, has been named controller for the city of Indianapolis.
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Citigroup subsidiary agrees to $717,000 Indiana fine

November 8, 2010
The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based Memory Gardens Management Corp.
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Dealer Expo returning to Indianapolis through 2016

November 8, 2010
 IBJ Staff
Massive powersports trade show Dealer Expo has committed to keep its annual event in Indianapolis through at least 2016—extending its stay by five years.
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Funding biggest obstacle for proposed regional transit system

November 8, 2010
Scott Olson
Scaled-back transit plan, which includes rail line from downtown to Noblesville and Franklin, is projected to cost $2.4 billion, with local taxpayers picking up about half the amount. Funding would need to be approved through county referendums, however.
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Habitat for Humanity executive stepping down

November 8, 2010
Kathleen McLaughlin
Dean Illingworth will step down as executive director of Habitat for Humanity of Greater Indianapolis at the end of the year, the organization announced Monday morning. An architect and former partner at Schmidt & Associates, he has led the organization since 2005.
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Governor starts Asia trip with Indiana delegation

November 8, 2010
Associated Press
Daniels and about 40 government and business officials from Indiana are scheduled to be in China until Sunday. The governor and a smaller group will then go to Japan for meetings until returning to Indiana on Nov. 17.
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Biglari's revised incentive package approved by shareholders

November 8, 2010
Anthony Schoettle
After criticizing an earlier pay proposal, 82 percent of Biglari Holdings' shareholders approved a scaled-back bonus agreement for their CEO.
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