News & Analysis

FDA says potential diabetes drug may cause cancer

July 18, 2011
Bloomberg News
Dapagliflozin would be the first in a new class of diabetes treatments called SGLT2-inhibitors that work by letting patients excrete excess blood sugar in their urine. Indianapolis-based Eli Lilly and Co. is among several companies pursuing similar drugs.
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Chefs become teachers as appetite grows for fresh, homemade mealsRestricted Content

July 16, 2011
Maria LaMagna
Locally and nationwide, interest in live cooking classes taught by chefs has grown. Many such classes have abandoned a traditional in-kitchen experience, opting instead for “destination” demonstrations featuring local ingredients.
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Developer tries 'pocket' neighborhood in CarmelRestricted Content

July 16, 2011
Cory Schouten
A veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly spaced bungalows clustered around grassy courtyards.
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Notorious I-69 interchange slated for big upgradeRestricted Content

July 16, 2011
Chris O'Malley
Getting onto and off of Interstate 69 at the 116th Street exit has long been a nail-biting experience, but traffic planners are about to propose reconstruction to unplug the bottleneck.
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Bush Stadium rehab is Watson's latest creative projectRestricted Content

July 16, 2011
Katie Maurer
Longtime Indianapolis developer launches spirited attempt to save baseball palace.
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SHELLEY: Columbus architecture focus would work in IndianapolisRestricted Content

July 16, 2011
Jason Shelley
Imagine what could happen in Indianapolis if we adopted some of the principles Columbus has? Ensuring that every design has meaning and purpose. Creating structures that tell stories. Allowing designers to push the limits and take risks.
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Maker of singing coozie has deals with IU, Purdue, IowaRestricted Content

July 16, 2011
Anthony Schoettle
Cooler Conversations thinks it can penetrate the novelty items market with beverage sleeves that can play school fight songs or corporate messages when a drink is inserted.
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Carrier counts on new environmental regulations to drive salesRestricted Content

July 16, 2011
Kathleen McLaughlin
Carrier Corp.’s plan to invest $36.5 million in its Indianapolis plant hinges in part on how well consumers take to a new platform of high-efficiency furnaces.
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Riverview scoops up doctors from American Health NetworkRestricted Content

July 16, 2011
J.K. Wall
Nine family-practice doctors are set to leave their large physician group and join Noblesville's Riverview Hospital, more than tripling their revenue-generating potential.
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Investor boosts Just Marketing's pursuit of F1 businessRestricted Content

July 16, 2011
Anthony Schoettle
Motorsports marketing guru Zak Brown believes selling about a fourth of his business to a London-based company will help fuel his phenomenal growth in the sponsorship business of Europe's Formula One racing.
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More employers put faith in health savings accountsRestricted Content

July 16, 2011
J.K. Wall
Sizable Indianapolis companies like the Archdiocese of Indianapolis, consumer-ratings service Angie’s List, Marsh and Wilhelm Construction have switched to consumer-directed health plans. There’s some evidence nationally that the trend is set to accelerate.
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Merger of key airlines at Indianapolis grounds three flightsRestricted Content

July 16, 2011
Chris O'Malley
It's more difficult to get to New York LaGuardia and some other business hubs following the combination of Southwest Airlines and AirTran Airways.
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Attorneys to get big cut of $300K OmniSource settlement

July 15, 2011
Cory Schouten
An OmniSource executive says the company wouldn't have made the settlement with the Marion County prosecutor if it knew more than a third of the cash wouldn't be going to Indianapolis police for training programs.
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Consumer group accuses Duke of 'gross mismanagement'

July 15, 2011
Chris O'Malley
"Gross mismanagement" and improper communications with ex-regulatory chairman are among evidence in testimony to make Duke, rather than ratepayers, swallow major cost overruns at Edwardsport power plant.
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Jillian’s set to vacate ground floor of downtown building

July 15, 2011
Scott Olson
An unidentified restaurant and bar is set to sign a lease by Sept. 1 to assume the Meridian Street space Jillian's has agreed to relinquish as part of a lease dispute with its landlord. The entertainment complex will continue to operate on the second and third floors.
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INSIDE DISH: Meat-and-potatoes Murphy's makes subtle updates

July 15, 2011
Mason King
Dish_Murphys_watchvideoMurphy's Steakhouse may seem frozen in time, but owner Craig Stonebraker has expanded its footprint, revamped its menu and prepared for exterior upgrades.
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Wishard lands $2.2M in employee fundraising campaign

July 15, 2011
Kathleen McLaughlin
An employee-giving campaign for the new Wishard medical center brought in about $2.2 million, making the campaign one of the largest of its kind for a public hospital, according to Wishard Health Services officials.
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Logistics firm adding 191 jobs in Greensburg

July 15, 2011
 IBJ Staff
Auto parts supplier One Solution Logistics of Indiana Inc. will expand its operations in Greensburg, creating as many as 191 jobs as the Honda Motor Co. plant there adds a second shift, state economic development officials announced Friday.
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School voucher program draws early interest

July 14, 2011
Francesca Jarosz
About 385 families have requested state tuition assistance at private schools since July 11, when the Indiana Department of Education started accepting applications for its new voucher program.
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Fair trustee issues subpoena for Brightpoint CEO

July 14, 2011
Cory Schouten
The Fair Finance bankruptcy trustee has subpoenaed Brightpoint Inc. CEO Robert J. Laikin as it tries to recover more than $19 million Laikin's brother borrowed from the Ohio company.
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Wabash lands $6.2M grant from Lilly Endowment

July 14, 2011
Associated Press
Wabash College is getting a $6.2 million grant to boost a center's efforts to support professors who teach religious studies or theology.
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Local IT consultancy plans to add 200 jobs

July 14, 2011
Knowledge Services, an Indianapolis-based information technology firm, plans to lease additional office space on the city’s north-east side to make way for 200 more workers by 2015.
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Purdue names UConn dean to head Krannert

July 14, 2011
 IBJ Staff
Purdue University has named P. Christopher Earley, dean at the University of Connecticut School of Business, to take over as dean of Purdue’s Krannert School of Management.
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Regulators approve Indianapolis water utility transfer

July 13, 2011
Francesca Jarosz
State regulators on Wednesday approved a proposal to transfer control of Indianapolis’ water and sewer utilities to a local not-for-profit trust. The $1.9 billion sale will put management of the utilities into the hands of Citizens Energy Group.
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Prosecutor drops charges against OmniSource

July 13, 2011
Scott Olson
Former Marion County Prosecutor Carl Brizzi brought stolen property charges against scrap yard operator OmniSource. But his successor, Terry Curry, said the evidence doesn't support the allegations.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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