News & Analysis

Former Indy attorney sentenced for theft from estate

June 18, 2013
 IBJ Staff
Former Indianapolis attorney David F. Rees was sentenced to four years of home detention and two years of probation after pleading guilty to stealing more than $270,000 from an estate that he was charged with managing.
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Fishers' first mayoral election set for next year

June 18, 2013
 IBJ Staff
Fishers residents will elect their first mayor a year earlier than expected due to a change in state law that establishes Jan. 1, 2015, as the date the town becomes a city.
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Indiana county allowed to develop fertilizer plant

June 18, 2013
Associated Press
The state won't stand in the way of a fertilizer plant that a Pakistan-based group is developing in southwestern Indiana despite reservations expressed by Gov. Mike Pence, his office said Tuesday.
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Lilly’s Zyprexa injection probed by FDA after deaths

June 18, 2013
Bloomberg News
Eli Lilly and Co.’s injectable form of the antipsychotic Zyprexa is being investigated by U.S. regulators after two patients died three to four days after receiving the drug.
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Noble Roman's gets rolling with take-and-bake franchises

June 18, 2013
Mason King
Since October, franchisees have opened the first seven stand-alone, take-and-bake locations—dubbed Noble Roman’s Take-n-Bake P’ZA. Nine more are in development or under construction.
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Court upholds Indiana legislative boycott fines

June 18, 2013
Associated Press
The Indiana Supreme Court has upheld fines levied by House Republicans against Democrats for their 2011 legislative walkout over right-to-work legislation.
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Drugmakers may face ‘pay for delay’ suits, high court rules

June 18, 2013
Bloomberg News
Drug companies like Eli Lilly and Co. can be sued for paying rivals to delay low-cost versions of popular medicines, the U.S. Supreme Court said in a decision that rewrites the rules governing the release of generic drugs.
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Duke Energy names CFO to replace Rogers as chief exec

June 18, 2013
Bloomberg News
Former Indiana utility executive Jim Rogers, 65, agreed in November to step down under a settlement with North Carolina regulators.
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Incentives draw industrial developer to AmeriPlex

June 18, 2013
Scott Olson
A city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.
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Report: Charitable giving by Americans on the rise

June 18, 2013
Andrea Muirragui Davis
Americans gave an estimated $316.2 billion to charity last year, continuing a string of small philanthropic gains. What cause got the bulk of the bounty?
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Pence putting stamp on Indiana with new goals

June 17, 2013
Associated Press
Indiana Gov. Mike Pence announced Monday he will shuffle where state agencies focus most of their efforts. State Budget Director Chris Atkins said the new priorities reflect the goals that Pence laid out in his campaign.
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Indiana agency sued over cuts to program for disabled

June 17, 2013
Associated Press
A federal lawsuit says Indiana's social services agency has made changes to Medicaid waiver programs that threaten to deprive thousands of developmentally disabled people of income they need to survive outside of institutions.
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Lilly's pipeline failures concern analysts

June 17, 2013
J.K. Wall
The failures raise pressure on Lilly's experimental diabetes and cancer drugs to make it to market to offset looming patent expirations.
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Building for game maker Fundex set for July auction

June 17, 2013
Scott Olson
One of the last remnants of the bankrupt game maker and distributor is set to be sold at auction next month. The parent of the company that makes the iconic Slinky bought Fundex in December.
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World looks to Bernanke to clarify stimulus plans

June 17, 2013
Associated Press
Financial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back its effort to keep long-term rates at record lows within "the next few meetings"— earlier than many had assumed.
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Lilly to take over development of diabetes drug

June 17, 2013
Associated Press
Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. at least $7 million and up to as much as $247 million to take over the development of a potential diabetes treatment.
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Electronic proof of auto insurance coming to Indiana

June 17, 2013
Associated Press
Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws.
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File-sharing firm to invest $2.1M, add up to 30 jobs

June 17, 2013
 IBJ Staff
Indianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street operational by September.
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Former governor candidate Gregg buys country grocery

June 17, 2013
Associated Press
The Democrat said he hopes his purchase of Yagles Country Cupboard will help the store provide more services to the largely Amish southern Indiana community and create a few jobs.
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Disparate Indiana pols agree ISTEP answers needed

June 16, 2013
Associated Press
A legislative panel studying why 78,000 test-takers were frozen out of the high-stakes exam test last month plans to meet Friday to hear from CTB/McGraw-Hill President Ellen Haley on what went wrong.
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Hilbert puts MH management company into Chapter 11

June 15, 2013
Greg Andrews
The move, the latest fallout from the executive's feud with hardware king John Menard, puts on hold a Wisconsin lawsuit that sought millions of dollars from the company.
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Most of Indiana's largest public companies enjoyed strong 2012Restricted Content

June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
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JBS United among top hog feed companiesRestricted Content

June 15, 2013
Norm Heikens
The industry is more than a decade beyond the sweeping consolidation of the '90s that forced out thousands of family farms as corporations took advantage of new techniques to enable raising hogs in huge, factory-type complexes.
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Mortgage firm is fastest-growing private company

June 15, 2013
Stonegate Mortgage Corp. returns to the top 10 for a second year thanks to geographic expansion—it now does business in more than 30 states, up from 20 at the end of 2011—and a couple of significant transactions.
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ITT Educational branches into charter schoolsRestricted Content

June 15, 2013
J.K. Wall
The for-profit educator won approval last month to start a charter school for 11th- and 12th-graders inside one of its ITT Technical Institutes in Indianapolis.
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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