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ITT stock swoons despite higher profits, enrollment
October 22, 2009
J.K. WallInvestors dumped shares of ITT Educational Services Inc. on Thursday morning as the company remained mute on its year-end
profit forecast while announcing that its bad-debt expenses were rising faster than revenue.
MoreZimmer profits fall, but beat expectations
October 22, 2009
J.K. WallThe Warsaw-based company recorded a third-quarter profit of $150 million, down 30 percent from the same quarter a year ago.
MoreLilly, GE announce cancer diagnostic breakthrough
October 21, 2009
J.K. WallEli Lilly and Co. and General Electric Co. say they've made a breakthrough in cancer research that could help Lilly cut the
size and cost of its clinical trials.
MoreUncertainty over drug pipeline sends Lilly shares down
October 21, 2009
J.K. WallFor the first time publicly, Eli Lilly and Co. officials admitted the obvious: Their pipeline products
aren't likely to offset the revenue the company will lose after its two bestsellers, Zyprexa and Cymbalta, lose patent exclusivity.
MoreCity official: 'We're obligated' to weigh privatizing some stadium, convention duties
October 21, 2009
Peter SchnitzlerMayoral Chief of Staff Paul Okeson said the city isn't sure it makes sense to privatize operations now handled by
the Capital Improvement Board, “but we’re obligated on behalf of the taxpayer to find out.”
MoreWater bottler buys Plainfield distribution building
October 21, 2009
Cory SchoutenA California water bottler has purchased a Plainfield distribution building for its first Midwestern outpost.
MoreState jobless rate dips for third consecutive month
October 21, 2009
Scott OlsonUnemployment in Indiana fell for the third consecutive month in September, bucking the national trend of rising jobless rates,
the Indiana Department of Workforce Development said Wednesday morning.
MoreCook: Tax could kill 1,000 jobs in Bloomington
October 21, 2009
J.K. WallBloomington-based Cook Group Inc. could find itself cutting as many as 1,000 local jobs if Congress enacts a tax on
medical devices to pay for health care reform, company founder Bill Cook said in an interview.
MoreLilly reports $942 million profit in third quarter
October 21, 2009
J.K. WallExcluding special items, Eli Lilly and Co.'s earnings per share spike 22 percent on the strength of Alimta, Cymbalta and Humalog
sales. Lilly's revenue rose 7 percent in the quarter over the same period of 2008,
to $5.56 billion.
MoreCity seeks ideas to privatize stadium, convention center operations
October 20, 2009
Peter SchnitzlerThe city of Indianapolis is considering ways to get out of the professional sports stadium and convention center management
business.
MoreFewer home-building permits signal weakness ahead
October 20, 2009
Associated PressApplications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
MoreEmmis on way to avoiding stock delisting
October 20, 2009
Scott OlsonIndianapolis-based media company Emmis Communications Corp. is halfway home to maintaining its listing on the NASDAQ stock
exchange.
MoreMedco plans to compare Plavix, Effient in study
October 20, 2009
IBJ Staff and Associated PressMedco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix, the world's second-best selling drug, with
Effient, a potential blockbuster drug sold by Indianapolis-based Eli Lilly and Co.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MoreCook calls for new approach to health reform
October 20, 2009
J.K. WallFounder of medical device firm says Congress should fund network of low-cost clinics.
MoreLaw firm sticks with unconventional space
October 20, 2009
Tom HartonWith its expansion last month into the historic Eden-Talbott House at 1336 N. Delaware St., the local environmental law firm
Plews Shadley Racher & Braun now owns and occupies three historic homes and a 1950s-era office building in the same block.
MoreLocal radio ratings race tightening
October 19, 2009
Anthony SchoettleThe latest Arbitron Inc. radio ratings show the central Indiana market is becoming far more competitive, with the top
stations separated only by fractions of a point. WFMS-FM slipped, but remained No. 1, while urban stations WHHH-FM and WTLC-FM
climbed into the next two spots.
MoreCircle City Classic director resigns after 4 months
October 19, 2009
The director of the Circle City Classic announced his resignation Monday, just four months after taking the job.
MoreLockheed Martin planning Indianapolis layoffs
October 19, 2009
IBJ StaffMaryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining
call volumes and "funding issues" that are cutting short a five-year federal contract worth a total of $80 million.
MoreCash-strapped Hoosier Park racing to restructure $400M in debt
October 17, 2009
Peter SchnitzlerDespite rampant speculation, Anderson’s Hoosier Park is not facing imminent bankruptcy, according to its owner, locally
based Centaur Inc.
MoreConsultant: Indianapolis water utility lax in overseeing Veolia
October 17, 2009
Chris O'MalleyThe city too often relied on the Department of Waterworks’ board, on consultants and on the private
operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient
operation, maintenance and management” of Indianapolis Water. That’s one of several critical
findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request
pending before the Indiana Utility Regulatory Commission.
MoreSymphony's CEO trying to steer through challenging time
October 17, 2009
Kathleen McLaughlinSimon Crookall is trying to hire a maestro who will excite audiences at the same time he’s trying to pull the Indianapolis
Symphony Orchestra out of
a financial tailspin.
MoreGerman company to buy Eli Lilly's Lafayette plant
October 17, 2009
J.K. WallEli Lilly and Co. will sell its manufacturing plant in Lafayette to a German company in its first major move toward reducing
its work force by 5,500 employees and cutting its operating expenses by $1 billion.
MoreDoctors link together to experiment with 'one-stop shopping'
October 17, 2009
Scott OlsonSpecialists are clustering to focus on a single ailment, such as pain, to cut costs and improve quality of treatment.
MoreCarmel entrepreneurs with ties to ExactTarget hope SmartFile outshines competitors
October 17, 2009
Chris O'MalleyFile-hosting firm is launching new security software that could set it apart in a crowded field.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.