News & Analysis

Indiana tourism effort honors famed course designer Dye

July 28, 2011
Scott Olson
The Pete Dye Golf Trail includes seven public courses chosen by Dye: Brickyard Crossing, The Fort Golf Resort, Maple Creek Golf & Country Club, Plum Creek Golf Club, Mystic Hills Golf Club, Kampen Course and the Pete Dye Course at French Lick.
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St. Vincent plans 200 jobs for Fishers expansion

July 28, 2011
The hospital system said it will expand its Medical Center Northeast facility to a 40-bed inpatient hospital. Construction is set to begin in September and should be completed by December 2012.
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Duke Realty suffers loss on lower revenue

July 28, 2011
The Indianapolis-based real estate investment trust said it lost $29 million in its latest quarter, compared with a loss of $42.4 million in the same time frame a year earlier.
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Celadon reports best 4th quarter in 5 years

July 28, 2011
 IBJ Staff
Celadon Group Inc. put together its best fourth fiscal quarter since 2006, with earnings doubling over the same period a year ago, to $5.5 million.
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Crown Royal signs on as Brickyard 400 title sponsor

July 28, 2011
Anthony Schoettle
Sources say the deal is worth about $15 million over five years—a much-needed boost for Indianapolis Motor Speedway officials struggling to stop attendance declines at the NASCAR race.
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Health care use trend may temper premium hikes

July 27, 2011
Associated Press
Consumers may catch a little break when their health insurance policies renew. Lower-than-expected use of health care has helped push insurer earnings higher and that may temper how much they increase premiums.
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CNO Financial sees quarterly profit soar, beating expectations

July 27, 2011
J.K. Wall
The Carmel-based life and health insurer earned $59.5 million in the three months ended June 30, an increase of 80 percent from the same period a year ago.
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Work starting on $8.8M center at Crane tech park

July 27, 2011
Associated Press
Gov. Mitch Daniels joined local officials for a groundbreaking ceremony Wednesday for the $8.8 million center for the WestGate at Crane Technology Park. The 64,000 square-foot, two-story building will include training classrooms and office space.
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Junior Achievement back in black after financial woes

July 27, 2011
Kathleen McLaughlin
The not-for-profit announced Wednesday morning that it has eliminated nearly $2 million in debt from six different creditors and has launched a fundraising campaign.
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Angel investment firm adds 3rd chapter for life sciences

July 27, 2011
Chris O'Malley
Moralez_watch_videoStepStone Business Partners has added a chapter in biotech hotbed Warsaw as part of what it hopes will eventually become a statewide network.
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Dow AgroSciences reports record sales, higher earnings

July 27, 2011
Second-quarter revenue for the Indianapolis-based company increased 18 percent, to $1.5 billion. The company attributed the gain to higher prices and stronger demand for its products.
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WellPoint profit falls but exceeds Wall Street expectations

July 27, 2011
J.K. Wall
Indianapolis-based WellPoint earned $702 million in the latest quarter after earning $722 million a year ago. It also raised its full-year profit forecast.
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Prospects bright for Borders replacements

July 26, 2011
Cory Schouten
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
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State commerce chief backs right-to-work law

July 26, 2011
Associated Press
Indiana's chief economic development officer told state lawmakers Tuesday that Indiana has lost deals to attract businesses because it lacks a right-to-work law.
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ISTA says new teacher contract forms violate state law

July 26, 2011
Associated Press
The Indiana State Teachers Association is asking a judge to block state education officials from putting new teacher contract forms for the 2011-2012 school year into use.
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Indiana University, Ball State presidents get big raises

July 26, 2011
Associated Press
Two Indiana college presidents will see their bottom lines improve this fall as their universities boost their annual salaries by more than 10 percent.
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Nearly 100 Indiana post offices to undergo review

July 26, 2011
Associated Press
The financially-troubled U.S. Postal agency announced Tuesday that it will study more than 3,600 offices, branches and stations throughout the nation for possible closing.
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Conservancy installs turbines at eco-friendly HQ

July 26, 2011
Chris O'Malley
Wind turbines, a rare sight downtown, have finally been added to The Nature Conservancy's high-profile building on Ohio Street.
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Upland Brewing plans Bloomington expansion

July 26, 2011
Associated Press
Upland Brewing Co. expects to spend $3 million to buy, renovate and equip a former RCA Thomson warehouse, more than doubling its brewing capacity.
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Interactive Intelligence revenue, profit rises

July 26, 2011
The Indianapolis business-communications software firm reported second-quarter revenue of $52 million, up 34 percent from the same period last year. Profit grew 26 percent, to $6.3 million.
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Simon Property results improve as U.S. retail sales advance

July 26, 2011
Bloomberg News
Indianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and occupancies increased. The company raised its forecast for the year.
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Manufacturer plans 400 jobs in Allen County

July 26, 2011
 IBJ Staff
Iowa-based R3 Composites Corp. plans to establish a manufacturing center in the northeast Indiana town of Grabill, creating as many as 400 jobs by 2014.
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UPDATE: Players vote to OK deal to end NFL lockout

July 25, 2011
Associated Press
The NFL Players Association executive board and 32 team reps have voted unanimously to approve the terms of a deal to the end the 4½-month lockout.
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WellPoint insures two-thirds of Hoosier workers

July 25, 2011
J.K. Wall
Indianapolis-based WellPoint claimed 63 percent of all employees covered by small-group employers and 66 percent of the workers at large-group employers, according to Seattle-based actuarial firm Milliman Inc.
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Despite sales spike, Effient has middling prospects

July 25, 2011
J.K. Wall
Remember Effient? The blood thinner that was once Eli Lilly and Co.’s greatest post-Zyprexa hope and then, after a slow launch, was dismissed as an abject failure? Well, it’s turning out to defy both predictions.
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