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News & Analysis
ISO struck tentative Venzago deal before ouster
July 31, 2009
Scott OlsonThe Indianapolis Symphony Orchestra and Music Director Mario Venzago had reached an agreement in principle on a new contract
before the deal recently unraveled, an official with the musicians' union said this morning.
MoreDuke Realty suffers second-quarter loss
July 31, 2009
IBJ StaffIndianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations,
a key performance measure for real estate investment trusts.
MoreUPDATE: Symphony seeks maestro with local presence
July 30, 2009
Kathleen McLaughlinThe Indianapolis Symphony Orchestra is looking for a new maestro, and
CEO Simon Crookall said he wants Mario Venzago's replacement to have more of a local presence.
MoreBREAKING: Venzago out as symphony maestro
July 30, 2009
Kathleen McLaughlinThe Indianapolis Symphony Orchestra is looking for a new maestro. CEO Simon Crookall announced to the symphony staff this
afternoon that Music Director Mario Venzago would
not return for the 2009-10 season.
MoreState unveils $31M tuition-funding program
July 30, 2009
J.K. WallGov. Mitch Daniels failed to get the legislature to bite on his plan to lease out the Hoosier
Lottery in order to pay for two-year college scholarships. So he's now he's using $31 million in federal stimulus funds
to create a similar program for about 9,000 Hoosiers.
MoreDow Agro sale still possible, but less likely
July 30, 2009
Peter SchnitzlerMidland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances
that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit have decreased.
MoreCummins' stock rises despite lower revenue, profit
July 30, 2009
Cummins Inc.'s stock jumped more than 6 percent in morning trading after its quarterly results
beat analyst estimates.
MoreMuncie manufacturer Duffy calling it quits
July 30, 2009
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
MoreInvestments propel Baldwin & Lyons profit
July 30, 2009
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company
history, as investment gains from recovering equity markets helped boost performance.
MoreCemetery owner to plead guilty to theft, fraud
July 30, 2009
Scott OlsonA cemetery owner set to go on trial Monday has agreed to plead guilty to theft and securities fraud.
MoreFinish Line extends 500 Festival relationship
July 29, 2009
Indianapolis-based Finish Line Inc. has signed a multi-year agreement to extend its title sponsorship
of the 500 Festival's 5K race held each May, officials announced today.
MoreWellPoint stock falls despite quarterly profit
July 29, 2009
J.K. WallWellPoint Inc. shares slipped in morning trading after the company beat analysts’ expectations for second-quarter profits
but failed to raise its year-end earnings forecast. WellPoint earned $1.50 per share in the latest quarter, excluding investment
losses. Analysts were expecting $1.43 per share, according to a survey by Thomson Financial Network.
MoreConseco shares jump after profit report
July 29, 2009
J.K. WallShares of Conseco Inc. soared today in response to the company’s preliminary report of second-quarter profits. The Carmel-based
insurer’s stock price jumped as much as 53 percent, to $2.91, before settling a bit in the afternoon.
MoreCarbon Motors chooses Connersville
July 29, 2009
IBJ StaffCarbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
MoreUPDATE: Carbon Motors chooses Indiana
July 29, 2009
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
MoreCarbon Motors has chosen Indiana, official says
July 29, 2009
Scott OlsonA rally this morning in Connersville originally intended to help persuade a police car manufacturer
to locate a major factory there appears to be a celebration party.
MoreCarmel's Dormir raises $12M from venture capital firms
July 29, 2009
J.K. WallCarmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms. The company plans use the proceeds to acquire six to 10 companies this year
and more next year, according to CEO Tim Miller.
MoreCarmel's Dormir raises $12M from VC firms
July 29, 2009
J.K. WallCarmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms.
MoreDow AgroSciences names new CEO
July 29, 2009
Chris O'Malley, J.K. WallIndianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new
position, the company announced today. Antonio Galindez, 54, vice president of Dow AgroSciences' crops business, will step
into the top job.
MoreDow AgroSciences names new CEO
July 29, 2009
J.K. WallIndianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new
position, the company announced today.
MoreEli Lilly CEO, wife give United Way $1M gift
July 28, 2009
Kathleen McLaughlinEli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged to give the United Way of Central Indiana a total
of $1 million over the next four years as a “challenge to CEOs and other community leaders to step up their giving.”
MoreEli Lilly CEO, wife give United Way $1M gift
July 28, 2009
Kathleen McLaughlinEli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged to give the United Way
of Central Indiana a total of $1 million over the next four years as a "challenge to CEOs and other community leaders to step
up their giving."
MoreConseco says profit in line with estimates
July 28, 2009
J.K. WallConseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents
per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after
the market closed.
MoreLilly cancels trials for experimental MS drug
July 28, 2009
J.K. WallEli Lilly and Co. and a development partner has canceled clinical trials on an experimental drug to treat multiple sclerosis
after the drug failed to delay progression of the disease in trial patients.
MoreGrain Dealers Mutual merges with Florida firm
July 28, 2009
Scott OlsonIndianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!