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News & Analysis
KENNEDY: We the ignorant people
May 18, 2013
Sheila Suess KennedyLike it or not, the United States is a country where, increasingly, people read different books and newspapers, visit different
blogs, watch different television programs, attend different churches and even speak different languages.
MoreMobile health apps could cut into legacy companies' turf
May 18, 2013
J.K. WallThe future of Indiana’s sprawling health care and life sciences industry might be threatened by an unlikely source:
smartphone apps.
MorePINCUS: State needs better life sciences startup ecosystem
May 18, 2013
Jack Pincus / Special to IBJIndiana’s life sciences sector is mostly composed of legacy companies.
MoreFirms ladle trips, car allowances on top of rich pay packages
May 18, 2013
Dan HumanSenior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.
Oesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its expanding campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.
Athenaeum weighs redevelopment bids for surface parking lot
May 18, 2013
Scott OlsonThree developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to
the historic Athenaeum building.
MoreAnimation firm recognized for children's book
May 18, 2013
The youthful animators at The Basement have won the Independent Publisher’s Book Awards’ silver award for their
first children’s e-book, “Every Walrus Can Fly.”
MoreINDOT will build interchange at U.S. 31 and S.R. 28
May 18, 2013
Indiana is upgrading and bypassing congested sections of U.S. 31 near Kokomo, South Bend and Indianapolis. When completed,
the projects are expected to remove 32 stoplights from the route, cutting a half hour off travel time.
MoreCenterfield rounds up $171M for new fund
May 18, 2013
Dan HumanAn Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners
pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116
million.
MoreWISH-TV rakes in bucks with city's only locally produced lifestyle show
May 18, 2013
Chris O'Malley"Indy Style"--an hour’s worth of TV programming on everything from recipes to music to fitness to screen-door-repair
tips--fills its show with guests who are a combination of invited guests, sponsors and one-time-only advertisers.
MoreGreenwood, Whiteland try to spur, shape growth
May 18, 2013
Kathleen McLaughlinTwo Johnson County communities are determined to capture—and control—the next wave of suburban growth.
MoreUnion looks to settle with workers over right-to-work issue
May 17, 2013
Kathleen McLaughlinA local union charged with violating Indiana’s right-to-work law is hoping to settle with six workers who say their
dues were improperly collected.
MoreDuke's CFO heading to Chicago real estate firm
May 17, 2013
IBJ StaffChristie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during
the recession and economic recovery.
MoreIndiana withdraws support for fertilizer plant
May 17, 2013
Associated PressState officials have withdrawn incentives for a fertilizer plant over concerns about whether its Pakistan-based owners are
doing enough at their overseas operations to keep the potentially explosive material from being used against U.S. troops.
MoreExactTarget confirms Atlanta expansion
May 17, 2013
Dan HumanIndianapolis-based digital marketer ExactTarget Inc. plans to add 225 jobs over the next five years in Georgia.
MoreReport: Roche mulls sale of blood-glucose monitor business
May 17, 2013
J.K. WallRoche Diagnostics Corp. is considering a sale of its blood-glucose meter business, a move that would cast uncertainty over
the nearly 1,000 people working for its diabetes business in Indianapolis.
MoreIndiana adds jobs; unemployment rate slips
May 17, 2013
Indiana added 4,400 nonfarm jobs in April and the unemployment rate fell slightly, to 8.5 percent, the Indiana Department
of Workforce Development reported Friday morning.
MoreRiver protest set for proposed central Indiana reservoir
May 17, 2013
Associated PressOrganizer and environmentalist Clarke Kahlo told The Herald Bulletin that the group is trying to build public awareness
of the amount of land that would disappear if the reservoir is built.
MoreNew owner shutting down 520-worker Indiana plant
May 17, 2013
Associated PressAllied Specialty Vehicles announced Thursday it was buying Monaco RV and shifting production to a factory in Decatur, near
Fort Wayne. The 520 jobs lost in Wakarusa won't be replaced on a one-to-one basis.
MoreAirport considers more parking changes
May 17, 2013
Kathleen McLaughlinIndianapolis International Airport plans to tweak another parking area, this time designating 260 spaces closest to the terminal
for people who intend to spend a short time inside.
MoreCritical questions follow reviewer's departure from Indy Star
May 17, 2013
Lou HarryThe state's largest newspaper is mum on whether reviews will continue after the Friday resignation of its fine arts critic.
Arts organizations are taking a wait-and-see attitude.
MorePANEL: Life sciences will see radically different future
May 17, 2013
IBJ convened a panel of experts at its Life Sciences Power Breakfast on May 10 to talk about the industry issues
of venture capital, digital health innovations and research university entrepreneurship.
MorePanel members included Kristin Eilenberg, CEO, Lodestone Logic, Infuse Accelerator; Philip S. Low, Purdue University professor of chemistry, founder and chief science officer at Endocyte Inc. and On Target Laboratories LLC; R. Matthew Neff, president, CHV Capital Inc.; Brian Stemme, project director; BioCrossroads; Brian S. Williams, director, Global Healthcare Strategy, PricewaterhouseCoopers International Ltd.; and Raul Zaveleta, CEO, Indigo BioSystems Inc.
The following is an unedited transcript of the discussion.
Canada’s Supreme Court won’t hear Lilly appeal on Zyprexa
May 16, 2013
Bloomberg NewsEli Lilly claims recent decisions by Canadian courts invalidating 17 drug patents have made the country an outlier among major
developed countries.
MoreCourt upholds Indiana's limit on civil damages
May 16, 2013
Associated PressThe Indiana Supreme Court has upheld the state law limiting punitive damages awarded in civil lawsuits and directs most of
that money to a state victims fund.
MoreHerff Jones acquisition to form $1B company
May 16, 2013
Mason KingDallas-based BSN Sports will join the Herff Jones portfolio of companies and continue to operate as its own branded entity.
Combined annual revenue is expected to top $1 billion.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.