News & Analysis

United Way annual campaign raises $38.2M

March 22, 2011
 IBJ Staff
United Way of Central Indiana’s 2010 annual campaign fell short of its ambitious $41 million goal, but donations nearly matched the 2009 total.
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Drugmakers call off animal-health deal, possible asset sale

March 22, 2011
 IBJ Staff and Bloomberg News
Drugmakers Merck & Co. and Sanofi-Aventis SA have abandoned plans to combine their animal-health businesses after wrestling with regulators for a year over potential divestitures. Indianapolis-based Eli Lilly and Co. was among a list of possible suitors for about $1 billion in assets the two companies considered selling.
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Rolls-Royce gives downtown office market a bounce

March 22, 2011
Tom Harton
The decision by Rolls-Royce Corp. to occupy Eli Lilly and Co.’s Faris office campus downtown headed off what could have been a big spike in the central business district Class A office vacancy rate.
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Daniels signs book deal

March 21, 2011
Associated Press
The book is scheduled to come out in September and is being billed by Sentinel as a reminder of "America's urgent need for limited but more effective government, fiscal discipline at all levels, increased liberty for individuals, and a restoration of our national greatness."
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Indicted financier Durham ordered released on $1M bond

March 21, 2011
Associated Press
A federal magistrate in California has ordered a former Indiana businessman accused in a $200 million fraud scheme released on $1 million bond.
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Hunter leaves IUPUI to take coaching job at Georgia State

March 21, 2011
Associated Press
Coach Ron Hunter has left IUPUI after 17 seasons to take over at Georgia State University, a men’s basketball program that has struggled through most of its existence.
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Healthy Indiana Plan expansion opposed by some

March 21, 2011
Associated Press
Indiana wants to use its public health savings account program for low-income adults to cover people who will become newly eligible for Medicaid under the federal health care law beginning in 2014.
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Indiana Legislature moves on without boycotting Dems

March 21, 2011
Associated Press
House Speaker Brian Bosma directed Republican committee chairmen to hold meetings starting this week to discuss Senate bills, even though no official action or votes can be taken until Democrats return and provide the quorum required by the state constitution.
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EEOC: Local bar fired worker over pregnancy

March 21, 2011
The federal agency is suing the owner of the Wild Beaver Saloon in Broad Ripple for allegedly firing an employee because of her pregnancy, which violates the Civil Rights Act of 1964.
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IPL chief Murtlow leaving electric utility April 1

March 21, 2011
 IBJ Staff
Indianapolis Power & Light Co. CEO Ann D. Murtlow will leave her position April 1, the electric utility announced Monday afternoon.
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Labor board rejects Hyatt petition to hold union vote

March 21, 2011
Downtown Indianapolis hotel prefers a secret-ballot vote, while the Unite Here labor union wants what's known as a "card check" system.
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Ex-Countrymark CEO clamors for conviction reversal

March 21, 2011
 IBJ Staff
David Swanson, who was sentenced to 15 years in prison for skimming $2.7 million from CountryMark in 2003, was in court in Indianapolis last week, trying to get his sentence reduced or conviction overturned.
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Housing group gets $6.3 million from Lilly Endowment

March 21, 2011
Sean Morrison
Lilly Endowment Inc. is continuing its decades-long support of the Indianapolis Neighborhood Housing Partnership, awarding the not-for-profit a $6.3 million grant to help low- and middle-income families become homeowners.
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Indiana senator returning cash from troubled financier

March 21, 2011
Associated Press
An Indiana state senator is returning campaign contributions from Timothy Durham, a former Indianapolis businessman charged with running a Ponzi scheme that defrauded investors of more than $200 million.
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Allison Transmission files for $750M IPO

March 20, 2011
Kathleen McLaughlin
Allison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
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Sides ponder political fallout of Statehouse boycott

March 20, 2011
Associated Press
Both Democrats and Republicans claim the walkout by Indiana House Democrats is rallying support for their side, spurring new donations and rousing the party faithful.
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Grissom air base to get $7.4 million control tower

March 20, 2011
Associated Press
An Indiana air base that houses the nation's largest fleet of KC135 four-engine tankers will get a high-tech air traffic control tower next year that supporters say will better serve its growing military, civilian and commercial aviation needs.
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Group begins work to save historic Wigwam gym

March 20, 2011
Associated Press
The Anderson School Board voted 6-1 this month to shutter the 9,000-seat Wigwam gym complex at the end of current school year as part of a wider budget-cutting plan that includes cutting 65 teachers' jobs.
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WellPoint CEO received 3-percent raise last year

March 19, 2011
Associated Press
The Indianapolis-based insurer awarded Angela Braly a total pay package worth $13.4 million, up from $13.1 million in 2009 even as the company's profit and enrollment numbers slipped.
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School district eyes events, students for revenue

March 19, 2011
Associated Press
Franklin Community Schools officials say they don't want to be in the same situation they were last year, when the state forced the district to eliminate $3 million from its budget.
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Fountain Square staple Peppy Grill thrives on independenceRestricted Content

March 19, 2011
Marc D. Allan
The sign behind the counter at the we-never-close greasy spoon sums up its distinct personality: “Cows may come and cows may go, but the bull in this place goes on forever.”
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Design flaws, defects stack up at 2-year-old airport terminalRestricted Content

March 19, 2011
Chris O'Malley
Since opening in late 2008, the midfield terminal and related structures at Indianapolis International Airport have required more than $2.5 million in fixes—not counting last month’s collapse of a canopy above the parking garage.
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Hospital systems adopt Starbucks-style service

March 19, 2011
J.K. Wall
Indiana University Health is the latest system to drill employees ranging from clerks to physicians in how to treat patients.
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Retail/office building planned for site at Fort BenRestricted Content

March 19, 2011
Tom Harton
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge.
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Plastics specialist Genesis plays to eco-conscious marketRestricted Content

March 19, 2011
Fortville manufacturer plans $3.3 million expansion
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