News & Analysis

State high school graduation rates keep rising

January 8, 2010
J.K. Wall
According to data released Friday by the Indiana Department of Education, 81.2 percent of Hoosier high school students scheduled to graduate in 2009 did.
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King to play transitional role at state museum

January 7, 2010
Kathleen McLaughlin
New interim CEO, the former president of the Eli Lilly and Co. Foundation, hopes to pave way for stability at the institution, which has seen five CEOs in the past decade.
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Board approves revamp of Indiana teacher licensing

January 7, 2010
Associated Press
The new rules are expected spur future teachers to spend more time learning subject matter and less time taking education classes.
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Indiana State Museum to name interim CEO

January 7, 2010
Kathleen McLaughlin
The board of the museum's private foundation is expected to confirm Thomas A. King's appointment Thursday afternoon
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Johnson County woman guilty of securities fraud

January 7, 2010
Wanda Robertson was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday.
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WellPoint stock surging on positive analyst forecasts

January 7, 2010
 IBJ Staff and Associated Press
The long-term outlook for health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based WellPoint to benefit in 2010.
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MedTech College bought by private equity firm

January 7, 2010
MedTech, whose flagship campus is located on the city's northeast side, provides degrees in biotechnology and nursing, as well as in other health-care related programs.
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Hill-Rom hires new CEO

January 7, 2010
 IBJ Staff
John J. Greisch was most recently president of international operations at Baxter International Inc.
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Indianapolis Zoo blames crowd drop on bad weather

January 6, 2010
Associated Press
The zoo says it drew 1.05 million visitors during 2009, down from 1.1 million in 2008.
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Humane Society expects to finish 2009 in the black

January 6, 2010
Kathleen McLaughlin
The group, which rang up more than $3 million in debt before changing course in 2008, had been operating at a deficit for six years.
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Brokerage CTMT rebranding, dropping Tucker name

January 6, 2010
Cory Schouten
The city's largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker for the first time in more than 90 years.
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More than 1,100 attend Fair investor meeting

January 6, 2010
Greg Andrews
A meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
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Hungarian court decision could favor Emmis station

January 6, 2010
A Hungary radio station operated by Emmis until late last year might broadcast again following a court decision.
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Witham planning bond sale to acquire Anson site

January 6, 2010
 IBJ Staff
Lebanon-based hospital system also wants to refinance about $21 million in debt on new medical office building.
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Alcoa plant in Indiana plans up to 145 layoffs

January 6, 2010
Alcoa's Warrick Operations in Newburgh said the layoffs in its rigid packaging division are in response to a declining demand for its products.
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IFD gets finger-lickin' good sponsorship deal

January 6, 2010
Anthony Schoettle
KFC agreed to pay city for smoke detectors and fire extinguishers in exchange for using Indianapolis Fire Department to help it launch new fiery grilled wings. Mayor Greg Ballard hopes the deal is the first of many such corporate sponsorships.
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Ex-investor sentenced in Indiana mortgage fraud

January 5, 2010
 IBJ Staff and Associated Press
Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.
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FDA cancels meeting to review Lilly's Cymbalta

January 5, 2010
Associated Press
The agency said the meeting was canceled "to allow time for the FDA to review new information" about a proposed new use for the drug.
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IBJ, Wall Street Journal seek unsealing of Durham records

January 5, 2010
Greg Andrews
Indianapolis Business Journal and The Wall Street Journal have joined the legal fight to unseal search warrant documents related to the federal investigation of businessman Tim Durham.
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Local distributor of janitorial supplies makes acquisition

January 5, 2010
Scott Olson
Indianapolis-based HP Products Corp. announced Tuesday morning that it has completed its acquisition of Great Lakes Supply and Chemical in Michigan City.
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Brightpoint quarterly estimate below expectations

January 4, 2010
Associated Press
Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.
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IDEM fills long-vacant chief-of-staff post, denies agency shakeup

January 4, 2010
Chris O'Malley
IDEM's head, faulted over his role in a pollution case while at Bethlehem Steel, gets a chief of staff. Officials deny agency shakeup on way.
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Packard parts supplier thrives, but nostalgic niche may fade

January 4, 2010
Mason King
Packard
                           watch videoFranklin is home to one of the nation's foremost sellers of antique car components, but co-owners Fred Bruner and Max Merritt fear the ride might be slowing.
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ChaCha raises $7 million in venture funding

January 4, 2010
ChaCha, a Carmel-based mobile search engine, announced Monday morning that it has closed on $7 million in venture funding.
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Accountant files suit against former firm, partner

January 4, 2010
Scott Olson
A contentious split between two prominent accounting partners is getting even uglier after a lawsuit filed by one of them has the other pledging to counter sue.
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