News & Analysis

Lilly completes $180 million acquisition of Alnara

July 21, 2010
Massachusetts-based Alnara Pharmaceuticals Inc. is a privately held company developing an enzyme-replacement therapy for disorders of the pancreas.
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Rolls-Royce snags $70M contract to service Canadian fleet

July 21, 2010
British firm's Indianapolis manufacturing facility will provide engine management and repair services, as well as logistics and on-site technical support for Canadian military transport aircraft.
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Medicare driving health care hookups

July 21, 2010
J.K. Wall
The scramble by local hospitals to form their physicians and facilities into “clinically integrated” networks that can do business with employers and health insurers has another huge motivating factor: Beginning January 2012, they can also do business with Medicare, the massive federal program for seniors.
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New rules raise stakes for Lilly drug

July 21, 2010
J.K. Wall
Drugmakers testing experimental Alzheimer’s medicines—including Eli Lilly and Co.—got good news last week when the National Institute on Aging and the Alzheimer’s Association proposed new guidelines to make earlier diagnoses of the disease.
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Charter school moving to former Children's Guardian Home

July 20, 2010
Scott Olson
City leaders will officially announce Wednesday morning that Irvington Preparatory School will occupy the children's home, which closed in June of last year. The school has signed a 15-year lease with the city.
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Indiana accused of cutting aid to food stamp users

July 20, 2010
Associated Press
Indiana Family and Social Services Administration attorneys do not believe federal law was broken when officials balanced food stamp payments against a state-run supplemental aid program.
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Judge hears arguments challenging Emmis sale

July 20, 2010
Scott Olson
Common shareholders are challenging the proposed acquisition of the company by closely held JS Acquisition LLC, formed by Emmis Chairman and CEO Jeffrey H. Smulyan in an effort to take it private.
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Local building permits drop; national home building falls

July 20, 2010
 IBJ Staff and Associated Press
Locally, the number of building permits filed in the nine-county Indianapolis area fell by 20 percent in June while home construction plunged nationally to the lowest level since October.
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Water, sewer utility sale passes another hurdle

July 20, 2010
 IBJ Staff
Sale of city's water and sewer utilities faces showdown on Monday with full council vote.
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Indiana's unemployment rate rises slightly

July 20, 2010
Scott Olson
June figure hits 10.1 percent, up a tick from April and May, marking the third straight month Indiana's unemployment rate has been in double digits.
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Deadline approaches for Richelieu offers

July 20, 2010
Tom Harton
John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building property at the intersection of North and East streets and Mass Ave.
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Angola manufacturers plan nearly 180 new jobs

July 20, 2010
 IBJ Staff
Fuel Systems of Angola and Steffy Wood Products say they will invest a total of $4.8 million on their production facilities in northeast Indiana, creating 178 jobs by 2013.
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Steel Dynamics profit up, but misses analysts' estimates

July 20, 2010
Bloomberg News
Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said Monday in a statement.
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Not-for-profit gambling pinched by recession

July 20, 2010
The lingering recession is cutting into the money Indiana's not-for-profit groups generate from bingo, pull-tabs and other gambling ventures, straining their budgets.
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IT firm plans $24 million data center

July 19, 2010
The city's Metropolitan Development Commission will consider providing Lightbound LLC with property tax abatements to offset investment cost.
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Indiana working on phosphorous limits for lakes

July 19, 2010
Associated Press
The Indiana Department of Environmental Management says the rule would impact sewage treatment plants upstream of lakes.
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Carmel law firm settles consumer claims in Vermont

July 19, 2010
Associated Press
Mossler Law Firm of Carmel agreed to cease all business in Vermont, refund about $79,500 in fees paid by Vermont residents and pay $60,000 in civil penalties.
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Building demolition to begin along Interstate 69

July 19, 2010
Chris O'Malley
Bulldozers await an office complex that previously served as headquarters to August Mack Environmental. It'll be the first building demolished along Interstate 69 to make way for highway expansion.
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Brizzi hires ex-partner to handle public records requests

July 17, 2010
Cory Schouten
Marion County Prosecutor Carl Brizzi has hired his former legal partner and personal attorney to field public records requests. Locally based Collignon & Dietrick PC is responsible for review and production of Prosecutor's Office e-mails, contracts, case files and other documents requested by members of the media or public.
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STYLE: Virginia Avenue goes vintage with four new 'old' shops

July 17, 2010
Gabrielle Poshadlo
Indianapolis' Virginia Avenue is quietly becoming a sort of vintage clothing district. Owner Tammy Dyson is planning to open the newest "old" store, Harloh's, on Aug, 1.
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Shelbyville, county plan economic development projects

July 17, 2010
Kathleen McLaughlin
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month or two.
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Hospitals map out ways to bypass insurers

July 17, 2010
J.K. Wall
Clarian Health is launching its own health insurance plan, the boldest of several initiatives at Indianapolis hospitals to bypass health insurers and provide health benefits directly to employers.
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CIB deal won't fix all of Pacers' woes

July 17, 2010
Anthony Schoettle
The $33.5 million the Capital Improvement Board is providing the Indiana Pacers is merely a Band-Aid that will do little to solve serious short-term and long-term issues facing the team.
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Children's Museum plans neighborhoods' revitalization

July 17, 2010
Kathleen McLaughlin
The Children's Museum of Indianapolis is about to expand its role in urban redevelopment. It has already invested more than $1 million in the half-dozen blocks around its campus on North Meridian Street, and now plans to help create a comprehensive plan for an area that encompasses six nearby neighborhoods.
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Health care reform means changes for Indiana employersRestricted Content

July 17, 2010
Norm Heikens, Scott Olson, J.K. Wall
Nearly four months after President Barack Obama signed a health reform bill into law, businesses are still grappling with its impact on the health benefits they offer their employees.
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