News & Analysis

David Marsh fears criminal charges from IRS probe

April 26, 2011
Scott Olson
Attorneys for David Marsh say information the executive has received from the IRS suggest he might face both criminal and civil charging stemming from expenses he submitted for reimbursement while serving as president of Marsh Supermarkets Inc.
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Zimmer, peer sued over arthritic-knee treatments

April 26, 2011
Bloomberg News
Genzyme Corp., the drugmaker bought by Sanofi-Aventis SA this month, sued Zimmer Holdings Inc. and Anika Therapeutics Inc. alleging the companies’ treatments for arthritic knee pain infringe a patent.
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Cummins' profit more than doubles in first quarter

April 26, 2011
The Columbus, Ind.-based engine maker reported first-quarter profit of $343 million amid continued strength in key international markets and a recovery in the North American truck market.
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Lilly teams with Medtronic on Parkinson's treatment

April 26, 2011
J.K. Wall
Eli Lilly and Co. plans to use an implantable drug-delivery system made by Medtronic Inc. to precisely target patients' brains with an experimental drug for Parkinson’s disease.
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Estridge becomes division of national home builder

April 26, 2011
Scott Olson
The Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.
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Pentagon pulls plug on Rolls-Royce engine project

April 26, 2011
 IBJ Staff and Associated Press
Congress and the General Electric/Rolls-Royce group that was developing the engine were notified of the termination decision Monday. Rolls-Royce had about 130 people, mostly engineers, working on the F-35 project in Plainfield and Indianapolis.
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Real estate-related bills still alive in Legislature

April 26, 2011
Tom Harton
The bill with perhaps the best chance of emerging is the so-called dinosaur buildings bill, which would make it easier to win tax incentives for renovating obsolete industrial buildings.
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Profit, revenue up at Interactive Intelligence

April 26, 2011
 IBJ Staff
The Indianapolis business-communications software firm on Monday reported revenue of $47.7 million in the quarter ended March 31, up 36 percent from the same period last year. Profit was $3.1 million.
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ExactTarget attracts another $30M in venture capital

April 26, 2011
 IBJ Staff
The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.
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Judge orders Indiana recount chief into court

April 25, 2011
Associated Press
A judge Monday ordered the head of the Indiana Recount Commission to appear before him this week to explain why the panel has not moved more quickly in considering whether Republican Secretary of State Charlie White was a valid candidate when he won election last fall.
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Teacher merit pay bill heads to Daniels' desk

April 25, 2011
Associated Press
A bill linking teacher pay with student performance has won final legislative approval and now heads to Indiana Gov. Mitch Daniels for his signature.
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Anthem: Global payments coming back

April 25, 2011
J.K. Wall
Anthem Blue Cross and Blue Shield’s vision for accountable care organizations foresees doctors and hospitals shifting to global capitation payments and employers getting bigger discounts if they allow their workers access only to health care providers in a specific organization.
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Roche wins approval of HPV test

April 25, 2011
J.K. Wall
Roche Diagnostics Corp. won regulatory approval for a new HPV test, giving it a technological edge in the $300 million market for automated cervical cancer tests.
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Fishers money manager granted continuance

April 25, 2011
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.
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Q&A

April 25, 2011
J.K. Wall
Paul Leamon launched Wellfount Corp. five years ago to help long-term-care facilities automate and electronically manage their pharmacies. Wellfount made the Inc. 500 list last year and now has secured $6 million in venture capital from Arboretum Ventures to help it expand nationally.
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IndyCar Series makes deal with popular Facebook game

April 25, 2011
Anthony Schoettle
Indianapolis Motor Speedway landmarks and the cars of 13 open-wheel drivers are being featured in a game with 8 million nationwide players.
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Budget could spur talks of school consolidation

April 25, 2011
Associated Press
Indiana lawmakers may have found a way to spur the consolidation of small school districts without jumping into the politically unpopular issue: Starve small districts of state funding to financially push them toward merger talks.
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Cook applied business mindset to historic preservation

April 24, 2011
Associated Press
Colleagues say Bill Cook began each historic restoration contemplating what practical use each newly polished structure might serve, and how it might spark development around it.
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Changes to sports coverage part of strategy to revive WRTVRestricted Content

April 23, 2011
Anthony Schoettle
Larry Blackerby, the new general manager at WRTV-TV Channel 6, has replaced the station's news director and sales manager as first steps in his bid to elevate the perennial ratings loser.
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Can Indianapolis recover convention chief stability?

April 23, 2011
Anthony Schoettle
Leonard Hoops is the third CEO of the Indianapolis Convention and Visitors Association in three years—not ideal in an industry where it often takes three to five years to consummate a deal and as long as a decade to plan and build infrastructure
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Citizens CEO making more than peers at bigger utilities

April 23, 2011
Chris O'Malley
Citizens Energy Group CEO Carey Lykins' 2010 pay package, salary and bonus, totaled $1.6 million, more than his counterparts at the three largest municipal gas utilities in the country.
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Twin Cities tourism outpaces IndianapolisRestricted Content

April 23, 2011
Minneapolis and St. Paul together offer a larger convention market than Indianapolis.
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Pet website enables owners to book kennels

April 23, 2011
Scott Olson
Indianapolis startup looks to become the Expedia of pet travel.
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Settlement caps Citizens Energy customers' deal feesRestricted Content

April 23, 2011
Chris O'Malley
Ratepayers would pay no more than $14 million to cover charges associated with Citizens' purchase of Indianapolis water and sewer utilities. Some say the capped amount is too much.
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Essex Hotel site remains undeveloped despite city dealRestricted Content

April 23, 2011
Cory Schouten
Sixteen years after the former Essex Hotel was razed, the site remains a parking lot although a 1990 agreement with the city required its owner to develop the space within five years if the building were torn down.
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