News & Analysis

Genetic testing could spur Erbitux drug sales

June 1, 2010
Bloomberg News
The drugmakers are counting on screening for the so-called K-ras gene to spur use of Erbitux in metastatic colorectal cancer.
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Local liquor chain buys four stores in Kentucky

June 1, 2010
United Package Liquors' purchase of Bowling Green locations could be start of larger company expansion, CEO and president says.
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Anti-development property owner gives homestead to local land trust

June 1, 2010
Kathleen McLaughlin
A 16-acre wood nestled against the White River and surrounded by the Keystone at the Crossing shopping center will become a public nature preserve.
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Toyota to move Highlander production to Indiana

June 1, 2010
 IBJ Staff and Bloomberg News
Toyota began manufacturing the Highlander SUVs in November 2000 and has been making between 1,000 to 9,000 gasoline vehicles a month. In April, it produced about 1,900 units.
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Road upgrade kicks off improvements in Lafayette Square area

June 1, 2010
Tom Harton
A $20 million improvement of West 38th Street between Guion and High School roads that is set to begin next month is the first in a series of initiatives that stakeholders hope will revive the real estate fortunes of the area anchored by Lafayette Square Mall.
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Franchitti earns $2.8 million for Indy 500 win

May 31, 2010
Associated Press
Franchitti's earnings were part of an overall purse of $13,592,815. The paychecks were announced at the annual victory dinner Monday at the Indianapolis Motor Speedway.
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Other states join Indiana in spurning grant program

May 31, 2010
 IBJ Staff and Associated Press
About two dozen states are going back to Washington for another shot at billions in education grants under the "Race to the Top" program, but at least nine others including Indiana are opting out of trying a second time.
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INSIDE DISH: Bonge's Tavern survives, thrives in the boonies

May 31, 2010
Mason King
Bonges Watch videoDespite setbacks including a devastating lightning strike, Tony Huelster of Bonge's Tavern has turned the middle-of-nowhere eatery into a dining hotspot.
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Rivers Edge lands Nordstrom Rack, The Container Store

May 29, 2010
Cory Schouten
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of Shops at Rivers Edge along 82nd Street at Dean Road.
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In-car spy device could drive sales

May 29, 2010
Chris O'Malley
Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car's "OBD II" diagnostic port to track a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company is marketing the device to parents of teen drivers, among others.
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Performance Services guarantees City-County Building energy savings

May 29, 2010
Chris O'Malley
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable market.
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Cancer researcher battling Semafore in courtRestricted Content

May 29, 2010
Chris O'Malley
Former collaborator alleges firm breached its agreement with him and refused to pay royalty income.
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Positron has billion-dollar hopes for medical-imaging scanner

May 29, 2010
J.K. Wall
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better at losing money than making it.
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Lilly grows Alimta's sales by shrinking marketRestricted Content

May 29, 2010
J.K. Wall
In 2008, Eli Lilly and Co. asked drug regulators to change the label on Alimta so Lilly could no longer promote it as a treatment for all patients suffering from non-small-cell lung cancer, but for only about 70 percent of the patients. Since then, sales of the drug have accelerated, growing a whopping 48 percent last year.
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Grameen Bank might open here, providing small loans that add up

May 29, 2010
Peter Schnitzler
Bangladesh-based Grameen Bank, the Nobel Peace Prize-winning financial institution that developed the concept of life-changing micro loans for the poor, is contemplating opening its third U.S. branch in Indianapolis.
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Biopharma fueling boom in refrigerated warehousing

May 29, 2010
Chris O'Malley
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths in warehousing and life sciences.
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Indianapolis startup attacks Alzheimer's diseaseRestricted Content

May 29, 2010
Norm Heikens
AgeneBio Inc. this month landed a $300,000 investment from the Indiana Seed Fund to fund operations, bolster its intellectual property, and begin learning how to make a drug into a once-a-day pill.
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UPDATE: Water-main break closes part of Castleton Square

May 28, 2010
Kathleen McLaughlin
Simon Property Group spokesman Les Morris said 110 out of 130 mall stores were open late this morning.
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Bren Simon makes $21M California land purchase

May 28, 2010
 IBJ Staff
The Ventura County properties include 100 acres in Hidden Valley, near Thousand Oaks, The Wall Street Journal said. Two lots have homes and the third is used for livestock operations.
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Race vendors gearing up for big weekend

May 28, 2010
Scott Olson
Continued fallout from a contentious open-wheel split, coupled with an uncooperative economy, have led to sagging sales for many Indianapolis 500 vendors like Ben Justice, left. But they say they have reason to be optimistic.
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EnerDel forms joint venture with Chinese autoparts maker

May 27, 2010
Kathleen McLaughlin
Battery company will offer expertise to help Wanxiang build Chinese factory, fill backlogs. Indiana employment could reach 3,000, but there's no target date for achieving that milestone.
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Economic rebound slowed last quarter

May 27, 2010
Associated Press
The economic recovery last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year.
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Finish Line co-founder retiring as chairman

May 27, 2010
 IBJ Staff
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
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Downtown merchants sponsor new farmer's market

May 27, 2010
Kathleen McLaughlin
Goldman Jewelry, J.P. Parker Flowers and Shapiro's Deli plan a Tuesday evening farmer's market on the south side of downtown Indianapolis beginning June 1.
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HHGregg's profit slips despite higher revenue

May 27, 2010
 IBJ Staff
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
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  1. I took Bruce's comments to highlight a glaring issue when it comes to a state's image, and therefore its overall branding. An example is Michigan vs. Indiana. Michigan has done an excellent job of following through on its branding strategy around "Pure Michigan", even down to the detail of the rest stops. Since a state's branding is often targeted to visitors, it makes sense that rest stops, being that point of first impression, should be significant. It is clear that Indiana doesn't care as much about the impression it gives visitors even though our branding as the Crossroads of America does place importance on travel. Bruce's point is quite logical and accurate.

  2. I appreciated the article. I guess I have become so accustomed to making my "pit stops" at places where I can ALSO get gasoline and something hot to eat, that I hardly even notice public rest stops anymore. That said, I do concur with the rationale that our rest stops (if we are to have them at all) can and should be both fiscally-responsible AND designed to make a positive impression about our state.

  3. I don't know about the rest of you but I only stop at these places for one reason, and it's not to picnic. I move trucks for dealers and have been to rest areas in most all 48 lower states. Some of ours need upgrading no doubt. Many states rest areas are much worse than ours. In the rest area on I-70 just past Richmond truckers have to hike about a quarter of a mile. When I stop I;m generally in a bit of a hurry. Convenience,not beauty, is a primary concern.

  4. Community Hospital is the only system to not have layoffs? That is not true. Because I was one of the people who was laid off from East. And all of the LPN's have been laid off. Just because their layoffs were not announced or done all together does not mean people did not lose their jobs. They cherry-picked people from departments one by one. But you add them all up and it's several hundred. And East has had a dramatic drop I in patient beds from 800 to around 125. I know because I worked there for 30 years.

  5. I have obtained my 6 gallon badge for my donation of A Positive blood. I'm sorry to hear that my donation was nothing but a profit center for the Indiana Blood Center.

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