News & Analysis

St. Francis acquires orthopedic surgery practice

March 16, 2010
J.K. Wall
St. Francis Hospital & Health Centers has acquired Joint Replacement Surgeons of Indiana, a six-doctor practice that operates in St. Francis' Mooresville hospital.
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Web site developer Imavex gets new CEO

March 16, 2010
A former executive of Indianapolis-based engineering firm The Schneider Corp. has been named CEO of Imavex LLC, a Noblesville-based Web site developer and Internet marketing consultant.
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Lilly victim of theft from Connecticut warehouse

March 16, 2010
 IBJ Staff and Associated Press
Pharmaceuticals stolen Sunday morning could be worth up to $75 million.
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Columnist Kravitz dropped from radio show

March 16, 2010
Scott Olson
Sports columnist Bob Kravitz made his final appearance on The Fan's afternoon radio show on Monday. Emmis Communications Corp. executives said the decision was based, in part, on the show's "financial performance."
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Former Summit House apartment tower sold

March 16, 2010
Tom Harton
The landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of Chicago investors who plan to invest  “a significant amount of capital” into the 20-story tower.
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Custom builders, banks convene to discuss lending environment

March 16, 2010
Tom Harton
The Builders Association of Greater Indianapolis is trying to jump-start new home construction by convening a forum on how builders can adapt to banks’ stricter lending requirements.
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$18.9M Navy contract boosts Raytheon's local facility

March 16, 2010
 IBJ Staff
Raytheon Technical Services Co. LLC will make guided missile launchers for the U.S. Navy at its Indianapolis avionics development center, the Department of Defense announced Monday.
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Lilly pays $50M-plus for rights to testosterone lotion

March 16, 2010
Bloomberg News
Indianapolis-based Lilly will pay Acrux of West Melbourne, Australia, a $50 million license fee, plus $3 million when manufacturing assets are transferred, but the deal could be worth millions more.
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WellPoint affiliate ordered to pay $206K for transplant

March 16, 2010
Associated Press
Blue Cross of California has been ordered to reimburse a man $206,000 after he paid for his own liver transplant.
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Airport makes more executive changes

March 15, 2010
Chris O'Malley
Airport's new hires include Gov. Mitch Daniels' chief legal counsel and a former Simon Property Group senior vice president.
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BlueLock plans $35.6 million investment, 118 new jobs

March 15, 2010
 IBJ Staff
Indianapolis-based tech firm BlueLock LLC is poised to continue its growth spurt, planning a $35.6 million investment at its north-side facility that could create 118 jobs. City planners have recommended approval of a 10-year tax abatement.
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Old National Bank puts name on Murat Centre

March 15, 2010
Kathleen McLaughlin
The voice-mail system at the Murat already greets callers with this message: You have reached the Old National Center, a Live Nation venue.
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No buyers surfacing for former Winona Hospital

March 15, 2010
As of Monday morning, the Marion County Metropolitan Development Commission had received no bids to buy the property. MDC is set to begin reviewing bids at its Wednesday meeting.
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Big Ten tourney attendance rises by nearly 20 percent

March 15, 2010
Scott Olson
Organizers credit stronger ticket-selling efforts and new promotions for boosting attendance to more than 81,000, the highest it's been since the tournament became an annual event in Indianapolis.
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Biz leaders relieved over one-year payroll tax-hike delay

March 15, 2010
Peter Schnitzler
Legislators postponed a $400 million tax hike to shore up Indiana's bankrupt Unemployment Insurance Trust Fund, but state's most troubled employers still face automatic payroll tax hike this year.
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Speedway, F1 discussing race's return to Indianapolis

March 15, 2010
Scott Olson
Officials from the Indianapolis Motor Speedway and Formula One say they're in discussions to bring a Formula One race back to the city. F1 left the city in 2007 after an eight-year run.
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Simon, rival seek foreign investors to back General Growth bid

March 15, 2010
 IBJ Staff
Indianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial Times of London.
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Local luxury home sales jumped in February

March 15, 2010
Kathleen McLaughlin
Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported Monday morning.
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Community Health Network Foundation names new CEO

March 15, 2010
 IBJ Staff
Michele Thomas Dole has been a wealth adviser at JP Morgan Chase and development director of the IU Foundation.
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FDA says 'not yet' on Lilly's once-weekly Byetta

March 15, 2010
J.K. Wall
Regulators won't require more time-consuming tests of the drug, but want Eli Lilly and Co. and its partners to clarify labeling, manufacturing processes.
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Schrenker: 'Data' show he tried to fake own death

March 15, 2010
 IBJ Staff and Associated Press
A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying to fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.
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Community banks face fight of their lives against big players

March 13, 2010
Peter Schnitzler
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower costs.
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Indy Racing League still trying to turn a profitRestricted Content

March 13, 2010
Anthony Schoettle
Terry Angstadt, who oversees the Indy Racing League’s commercial division, thinks the series could break even in 2011 and be profitable by 2012 despite myriad challenges facing open-wheel racing.
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Flood leaves redevelopment opportunity for Franklin

March 13, 2010
Kathleen McLaughlin
Franklin watch
                           videoThe city of Franklin is using the post-flood era to push for comprehensive redevelopment in and around downtown. The cornerstone of the plan is a flood plain southwest of the courthouse.
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Citizens says buying water, sewer systems won't harm bond ratingRestricted Content

March 13, 2010
Chris O'Malley
Citizens Energy Group's plan to buy the city's water and sewer systems will require the utility to raise $262 million in new bond debt and inherit $1.5 billion in debt. Yet Citizens executives maintain the financial load should not impair the bond ratings of its principal utilities, Citizens Gas and Citizens Thermal.
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  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

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