News & Analysis

Centaur wins approval to sell Colorado casino

August 27, 2010
Bloomberg News
Luna Gaming Central City LLC is paying $7.5 million in cash plus a $2.5 million note, less adjustments. There were no competing bids.
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Ivy Tech sees first drop after enrollment explosion

August 27, 2010
Associated Press
Ivy Tech counted 111,452 students statewide, up about 4 percent from a year ago, but down from the nearly 120,000 students the college had for the spring semester.
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Health insurer cash shifts to favor Republicans before election

August 27, 2010
Bloomberg News
Health insurers led by WellPoint Inc. are backing Republicans with campaign donations by an 8-to-1 margin, favoring the party that's promised to repeal President Barack Obama's health-care overhaul if it wins back Congress.
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Lilly wins further delay in sales of Strattera copies

August 26, 2010
Bloomberg News
Strattera generated U.S. sales of $445.6 million last year, and each day that Lilly can fend off generic competition would translate into an average $1.22 million in sales.
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Police lock down Circle Centre area after gunman commits suicide

August 26, 2010
 IBJ Staff and Associated Press
A lone gunman atop a South Meridian Street parking garage fired "indiscriminate" shots into the air Thursday afternoon before shooting himself and falling to the sidewalk below, police spokesman Lt. Jeff Duhamel said.
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Dean named for planned osteopathic school at Marian

August 26, 2010
Associated Press
Marian University in Indianapolis has named the founding dean of an Atlanta-area medical school to head up the school for osteopathic doctors it plans to open in 2012.
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Time running out for suburban bus service

August 26, 2010
Chris O'Malley
Transportation planners are scrambling to find federal funds to help pay for the popular commuter routes from downtown Indianapolis to Fishers and Carmel.
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Local racing-fuel supplier expands territory to 26 states

August 26, 2010
Scott Olson
National Biofuels Distribution LLC, a subsidiary of Carmel-based Telamon Corp., signs two distribution contracts to expand its distribution reach. The company began marketing its ethanol-based racing fuel, Ignite, about a year ago.
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New jobless claims drop for first time in 4 weeks

August 26, 2010
Associated Press
However, about 10.1 million people were receiving unemployment checks in the week ended Aug. 7, the latest data available. That's up about 260,000 from the previous week.
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Strong Shoe Carnival profit beats estimates

August 26, 2010
Sales of toning footwear helped the Evansville-based company post record earnings in its fiscal second quarter.
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California OKs Anthem rate hike after controversy

August 25, 2010
Associated Press
The California Department of Insurance said Wednesday it approved a rate increase averaging about 14 percent for Anthem Blue Cross customers. The department also OK'd a nearly 19-percent increase for Blue Shield of California.
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Estimate puts Indiana health overhaul costs at $3.1B

August 25, 2010
Associated Press
Family and Social Services Administration Secretary Anne Murphy and acting Insurance Commissioner Stephen Robertson have sent Gov. Mitch Daniels a letter that now estimates the overhaul will cost Indiana $235 million more than the previous estimate in May.
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Diabetes research pioneer Kirtley dies at 96

August 25, 2010
Associated Press
Diabetics who control their disease with pills instead of frequent insulin injections can thank Dr. William R. Kirtley, a groundbreaking Eli Lilly researcher.
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Local government supplier cracks Inc. 500's top 10

August 25, 2010
Scott Olson
A combination of military service and education has helped Kevin Paul turn Indianapolis-based KPaul Properties LLC into one of the fastest-growing companies in the nation.
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VA hospital, health-info exchange enter pilot project

August 25, 2010
J.K. Wall
The Roudebush Veterans Affairs Medical Center and the Indiana Health Information Exchange are going to work to make their medical record systems talk to each other in a pilot project spearheaded by the U.S. Department of Veterans Affairs.
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Remy rides home new contract from electric motorcycle maker

August 25, 2010
 IBJ Staff
MotoCzysz sees the Remy motor as part of an electric motorcycle-based drive system—tailored to automobiles. The companies collaborated on the winning electric bike at Isle of Man race.
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Daniels says Indiana will seek new stimulus money

August 25, 2010
Associated Press
Despite criticizing the latest stimulus package, Indiana Gov. Mitch Daniels said he will ask the federal government to send the state more than $435 million for schools and Medicaid.
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Durable goods orders tick up, but business spending slides

August 25, 2010
Associated Press
Without the volatile transportation sector, orders dropped 3.8 percent—the steepest decline since January. Businesses spent less on equipment and machines. Orders for capital goods fell 8 percent.
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Health costs surge despite weak inflation

August 25, 2010
J.K. Wall
Ben Bernanke may be worried about deflation in the economy, but there’s certainly no chance of it in health care and insurance. Employers’ health plan premiums surged another 8 percent this year, according to results from a massive survey by Indianapolis-based United Benefit Advisors.
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Lilly woes take notch out of debt rating

August 25, 2010
J.K. Wall
Even with debt levels at Eli Lilly and Co. at paltry lows, a string of bad news finally forced Standard & Poor’s to lower its rating on the company’s senior unsecured debt. But the New York-based agency said it believes the Indianapolis-based drugmaker will eventually break its string of bad luck on developing new products.
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Repairs being made after Indianapolis crane crash

August 24, 2010
Associated Press
The Rathskeller opened for lunch Tuesday, and the YMCA branch inside the Athenaeum Building will reopen in a limited capacity on Wednesday.
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Noble expands into eastern Indiana

August 24, 2010
Provider of employment services for people with disabilities expands services to six more counties in an effort to grow revenue.
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ExactTarget acquires Australian distributor

August 24, 2010
E-mail marketing firm's purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is the third for ExactTarget in the past year.
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Oil, gas investment firm targets downstate potential

August 24, 2010
Chris O'Malley
Midwest Energy Partners will back two oil/gas producers. New technologies could stoke investor returns from wells in Illinois Basin, where production peaked decades ago.
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Industrial market shows strength but faces challenges

August 24, 2010
Tom Harton
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most of it in the Plainfield area.
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