News & Analysis

State's unemployment rate drops to 8.5 percent

April 19, 2011
Indiana's unemployment rate last month declined by 0.3 percentage points compared to February and is the lowest it's been in more than two years.
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Lilly gives $1M toward Marian medical school

April 19, 2011
J.K. Wall
Marian University needs to raise $120 million for its medical school and nursing programs. So far, the Catholic institution has raised $81 million.
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Office stats don't tell full story of market's recovery

April 19, 2011
Tom Harton
Cassidy Turley's research director said the pace of leasing activity is the best he’s seen in 18 to 24 months.
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Steel Dynamics' quarterly profit jumps 63 percent

April 19, 2011
Associated Press
Steel Dynamics earned $105.9 million, compared with $65 million in the year-ago quarter. Revenue rose 30 percent, to $2 billion. Analysts were looking for $1.91 billion.
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IBM: Daniels' email shows he had key role in deal

April 18, 2011
Associated Press
IBM wants to depose Daniels soon because it's concerned he will announce he's running for president and would be too busy on the campaign trail to give a deposition.
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Indiana Senate backs pulling Planned Parenthood money

April 18, 2011
Associated Press
The Indiana Senate voted Monday to prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.
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UPDATE: Senate panel OKs budget with more school money

April 18, 2011
Associated Press
An Indiana Senate committee on Monday approved a state budget that relies on a new, more optimistic revenue estimate to direct more cash to schools, restore previously proposed cuts and leave Indiana with more money in the bank than prior versions.
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Lilly shareholders fail to remove anti-takeover measures

April 18, 2011
J.K. Wall
A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass Monday despite a large majority of shareholders voting to remove those barriers for the second straight year.
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Analysts demand news on next Lilly blockbuster

April 18, 2011
J.K. Wall
Eli Lilly and Co. spends a lot of time these days telling the rest of the story—how well it’s doing in areas not connected to highly lucrative drugs about to see their patents expire. But for the most part, investors and analysts just want to know when the next blockbuster will be coming.
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State court rejects Bren Simon's appeal in estate battle

April 18, 2011
 IBJ Staff
The Indiana Court of Appeals has dismissed Bren Simon’s petition seeking to reverse a lower court’s ruling that removed her as interim trustee of her late husband’s $2 billion estate.
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Sunday alcohol sales backers make final push

April 18, 2011
Francesca Jarosz
Proposed legislation that would allow grocery stores in Indiana to sell cold beer and alcohol on Sundays faces an uphill battle in the General Assembly.
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IU Health readies bond sale

April 18, 2011
J.K. Wall
The Indianapolis-based hospital system plans to sell $228.2 million in bonds this week to refinance existing debt and pay to finish construction of its Saxony hospital in Fishers, set to open late this year.
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Longtime City Market tenant fighting move

April 18, 2011
Scott Olson
Enzo Pizza is refusing to vacate its space in the historic structure and is suing to stop construction to convert the east wing, where it's located, into a bicycle hub.
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Lilly shares falter after quarterly earnings report

April 18, 2011
J.K. Wall
Eli Lilly and Co.’s first-quarter profit beat the expectations of Wall Street analysts, but its stock price slipped anyway Monday morning, along with the broader market.
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West 10th Street to be rerouted in Speedway

April 18, 2011
Kathleen McLaughlin
The town of Speedway will reroute West 10th Street to help Allison Transmission consolidate its parking lots and accommodate new employees tied to a hybrid transmission the company is developing.
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Charges drive down first-quarter profit at Lilly

April 18, 2011
J.K. Wall
First-quarter profit fell at Eli Lilly and Co. as the company recorded restructuring charges due to its downsizing and higher research costs as it tries to develop new drugs to help it shrug off its looming patent expirations.
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Indiana lawmakers push voluntary renewable standards

April 17, 2011
Associated Press
Senate Bill 251, which passed the Indiana House Utilities and Energy committee Friday, calls for a voluntary goal of producing 10 percent of the state's electricity from renewable energy resources by 2025.
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School district to take science instruction online

April 17, 2011
Associated Press
Students in a central Indiana community will soon get their science instruction online instead of through textbooks, but the technology will come at a price.
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Indiana Live owners using big-buck firms in Chapter 11 caseRestricted Content

April 16, 2011
Francesca Jarosz
Indianapolis Downs LLC, owner of Indiana Live racetrack and casino, has hired top-tier national investment banking and law firms to represent it in Chapter 11 proceedings in U.S. bankruptcy court in Delaware.
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Carl Cook to succeed father as CEO at Cook Group

April 16, 2011
 IBJ Staff
Carl Cook has been named CEO of Bloomington-based medical device company Cook Group, replacing his father, who died Friday, company officials announced Saturday.
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Fairgrounds officials consider Pepsi Coliseum overhaul

April 16, 2011
Anthony Schoettle
Indiana State Fairgrounds officials are laying the groundwork for a massive Pepsi Coliseum renovation that could cost tens of millions of dollars and transform the inside of the 72-year-old landmark.
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Pop-up retailers emerging in Indianapolis

April 16, 2011
Marc D. Allan
With the retail vacancy rate hovering around 13 percent locally and nationally, temporary retailers are becoming a fact of life in malls, strip malls and downtowns around the country.
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Unusual North of South deal leaves taxpayers vulnerable

April 16, 2011
Cory Schouten
The $156 million North of South project is a complicated, risky and potentially transformative bet on downtown.
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Companies seek equity in return for services to startupsRestricted Content

April 16, 2011
Francesca Jarosz
A crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for an ownership stake.
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Shelbyville uses new incubator to lure tech firm TyrosRestricted Content

April 16, 2011
Anthony Schoettle
A company that will soon become Shelbyville’s newest corporate resident has a nifty, high-tech idea to help schools, leagues and sports associations connect with sports referees and officials.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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  5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

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