News & Analysis

Lilly, Bristol-Myers halt enrollment in lung-cancer trial

February 2, 2011
J.K. Wall
Eli Lilly and Co. and Bristol-Myers Squibb Co. stopped enrolling new patients in a clinical trial of an experimental lung cancer drug over concerns about patients developing blood clots.
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Settlement struck in HHGregg dryer lawsuit

February 2, 2011
Scott Olson
The deal, which could become final next month, stems from a lawsuit brought by a group of consumers accusing the Indianapolis-based appliance retailer of improperly installing dryer vents.
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Indiana Legislature called off again because of storm

February 2, 2011
Associated Press
Leaders of the House and Senate both postponed committee meetings that were scheduled at the Statehouse for Wednesday after doing the same on Tuesday.
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Judge's ruling raises uncertainty for health care execs

February 2, 2011
J.K. Wall
After a federal judge in Florida struck down the entire health reform law, investors shrugged. But the uncertainty for executives in health care companies increased.
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Marcadia may fetch up to $537 million in sale

February 2, 2011
J.K. Wall
The December sale of Carmel-based Marcadia Biotech to Roche garnered at least $287 million—and as much as $537 million—for the company’s owners and could lead the Marcadia management team to launch a firm using one of Marcadia’s experimental diabetes medicines.
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Report: Gifts to universities flat despite market recovery

February 2, 2011
Bloomberg News
College fundraising was flat during the 2010 fiscal year as a recovering stock market failed to instill donors with confidence. But Indiana University bucked the trend.
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For-profit colleges make costly loans, report says

February 2, 2011
Bloomberg News
Companies including ITT Educational Services Inc., DeVry Inc and Career Education Corp. are making loans with “high costs” and “predatory terms,” the group said.
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Indiana watchdogs seek probe of Duke Energy plant

February 1, 2011
Associated Press
Consumer advocates are calling for Indiana regulators to appoint an independent investigator to look into whether Duke Energy Corp. used undue influence to win state approval for a nearly $3 billion coal-gasification plant.
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Columbia Club Foundation says funds stolen by director

February 1, 2011
Scott Olson
The private club's president alerted members to the theft in a letter, but declined to specify how much was taken. Still, he said the director, who is not named in the correspondence, is making restitution.
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Pacers owner to keep Bird as team president

February 1, 2011
Associated Press
Indiana Pacers owner Herb Simon says team president Larry Bird's job is safe through the rest of the season, and he could be back next year.
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Lender seeks to foreclose on Castleton Plaza

February 1, 2011
Scott Olson
German American Capital Corp. claims the owner of the strip mall, Castleton Plaza LP—a subsidiary of Broadbent Co.—owes it $10 million. The lender is requesting the property be sold at a sheriff's sale to help satisfy the debt.
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Cumulus Media to buy out radio partners for $740M

February 1, 2011
 IBJ Staff
Atlanta-based Cumulus Media Inc. said late Monday it has agreed to acquire its partners' interest in a venture that owns 32 radio stations in nine cities, including three in Indianapolis. No local changes are expected.
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Integra Bank's auditor says situation may be dire

February 1, 2011
 IBJ Staff
Monday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial institution to fail since the financial crisis began in 2008.
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Cummins reports record quarterly sales, profit

February 1, 2011
Sales for the fourth quarter were $4.1 billion, up 22 percent from the same period in 2009. Quarterly profit of $362 million, or $1.84 per share, exceeded analyst expectations.
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Indiana House, Senate cancel work due to ice storm

February 1, 2011
Associated Press
The Indiana House and Senate have cancelled plans to work Tuesday because of the ice storm that's sweeping across central Indiana.
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Rolls-Royce wins a pair of military contracts

February 1, 2011
 IBJ Staff
Indianapolis manufacturer lines up deals with the Navy and Air Force worth a total of $225 million.
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House passes measure fixing unemployment fund

January 31, 2011
Associated Press
The Indiana House approved a bill Monday to help fix the state's bankrupt unemployment insurance fund by reducing jobless benefits for some people and softening tax increases on businesses.
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St. Louis firm pursuing local retail, industrial properties

January 31, 2011
Tom Harton
Bianco Properties has purchased its fourth Indianapolis property in less than five years and is pursuing more deals here.
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Indiana House OKs smoking ban with bars exempted

January 31, 2011
Associated Press
The Republican-led House voted 68-31 Monday to approve the bill, which now moves to the GOP-controlled Senate for consideration.
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Florida judge strikes down health care overhaul

January 31, 2011
Associated Press
A federal judge ruled Monday that the Obama administration's health care overhaul is unconstitutional, siding with 26 states, including Indiana, that sued to block it.
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Candy Dynamics expands Nuclear Sludge recall

January 31, 2011
 IBJ Staff
Carmel-based Candy Dynamics has expanded a voluntary recall of its Toxic Waste brand Nuclear Sludge products because they may contain too much lead.
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Florida marketing firm suing IRL over Izod contract

January 31, 2011
Scott Olson
Florida-based CV Sports Marketing Inc. alleges in a lawsuit that the IRL and Indianapolis Motor Speedway could owe millions of dollars in fees relating to its role in landing Izod as a title sponsor.
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Former Sen. Bayh joining Washington, D.C., law firm

January 31, 2011
Associated Press
The firm of McGuireWoods announced Monday that former Sen. Evan Bayh would be a partner and strategic advisor to domestic and international clients on public policy matters.
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Execs from WellPoint, peers meet to hone health-law lobby

January 31, 2011
Bloomberg News
Top executives from WellPoint Inc. and UnitedHealth Group Inc. are meeting almost monthly with their counterparts from Aetna Inc., Cigna Corp. and Humana Inc. in an informal lobbying alliance aimed at blunting parts of the health-care law, say sources with knowledge of the sessions.
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Ball State touted for research even as funding drops

January 30, 2011
Associated Press
The Carnegie Foundation for the Advancement of Teaching has classified Ball State as a "high research university" for the first time, elevating it to a status shared in Indiana only by Indiana University-Purdue University Indianapolis.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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