News & Analysis

Simon Property Group adds Glasscock to board

March 18, 2010
 IBJ Staff and Associated Press
Former WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
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Governor signs ethics, slot-withholding laws

March 18, 2010
Associated Press
Indiana Gov. Mitch Daniels signed 23 bills into law on Wednesday.
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Judge's disclosure rules broader than Bren Simon sought

March 17, 2010
Greg Andrews
The protective order will allow David Simon and Cynthia Simon-Skjodt access to records, even though they aren't plaintiffs.
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Indiana takes over third place in gambling revenue

March 17, 2010
 IBJ Staff and Associated Press
Indiana's reign at No. 3 may not last more than a year. It faces new competition from Ohio and possibly Kentucky.
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Deadline passes with no bids to buy Winona

March 17, 2010
The city of Indianapolis, which had listed the property for $667,500, had hoped to sell it the former hospital for redevelopment.
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Lilly sues to block generic of Adcirca lung treatment

March 17, 2010
Bloomberg News
Netherlands-based Synthon Pharmaceuticals is seeking U.S. Food and Drug Administration approval to sell a copy of the medicine.
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National Wine inks merger deal with Dallas wholesaler

March 17, 2010
Scott Olson
Indianapolis-based beverage distributor plans to merge with Republic National Distributing Co. to fend off out-of-state heavyweight.
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IU incubator attracts East Coast biotech startup

March 17, 2010
 IBJ Staff
Companion Diagnostics Inc. moves from Connecticut to the IU Emerging Technologies Center, hopes to create 30 high-paying jobs by 2014.
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WellPoint expects loss of 400,000 insured members this year

March 17, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based health insurer expects revenue, profit to fall as persistently high unemployment reduces employer-sponsored insurance enrollment.
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Indiana health groups dial back lobbying

March 17, 2010
J.K. Wall
Indiana health-related companies were somewhat absent from the lobbying bonanza that gripped Washington, D.C., in 2009. For all the heat and light about health reform, major Indiana companies actually spent slightly less to lobby Congress.
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Wishard debt $80M below 'best' scenario

March 17, 2010
J.K. Wall
Historically low bond rates will help the parent corporation of Wishard Health Services build hospital for less money than expected.
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Noble Roman's boosts profit in 2009

March 17, 2010
 IBJ Staff
Indianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue that dropped 16 percent to $7.5 million.
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Simon weighs new General Growth bid, sources say

March 17, 2010
Associated Press
Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth Properties Inc. as early as this week.
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Visteon judge won't halt benefits termination

March 17, 2010
Associated Press
An attorney for a union representing some 2,100 people who worked at two Visteon plants in Indiana argued Tuesday that many are facing hardship, and that the order should be stayed pending an appeal to a federal district court judge.
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Old National name to adorn Murat for three years

March 16, 2010
Kathleen McLaughlin
The century-old Murat Centre will be named the Old National Centre for the next three years. Event promoter Live Nation on Tuesday put the new name in royal blue lettering above the marquee of the entertainment venue downtown.
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Judge: Bren Simon can't liquidate Simon Property holdings

March 16, 2010
Greg Andrews
A Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
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Cummins expects profit to grow 10 percent a year

March 16, 2010
Bloomberg News
Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
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Bakehouse drives growth for Scholars Inn

March 16, 2010
Peter Schnitzler
Bakehouse watch
                           video
                           iconScholars Inn’s growth engine is its wholesale bakery, which distributes granola and other fresh products across state lines thanks to deals with partners like Kroger.
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St. Francis acquires orthopedic surgery practice

March 16, 2010
J.K. Wall
St. Francis Hospital & Health Centers has acquired Joint Replacement Surgeons of Indiana, a six-doctor practice that operates in St. Francis' Mooresville hospital.
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Web site developer Imavex gets new CEO

March 16, 2010
A former executive of Indianapolis-based engineering firm The Schneider Corp. has been named CEO of Imavex LLC, a Noblesville-based Web site developer and Internet marketing consultant.
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Lilly victim of theft from Connecticut warehouse

March 16, 2010
 IBJ Staff and Associated Press
Pharmaceuticals stolen Sunday morning could be worth up to $75 million.
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Columnist Kravitz dropped from radio show

March 16, 2010
Scott Olson
Sports columnist Bob Kravitz made his final appearance on The Fan's afternoon radio show on Monday. Emmis Communications Corp. executives said the decision was based, in part, on the show's "financial performance."
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Former Summit House apartment tower sold

March 16, 2010
Tom Harton
The landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of Chicago investors who plan to invest  “a significant amount of capital” into the 20-story tower.
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Custom builders, banks convene to discuss lending environment

March 16, 2010
Tom Harton
The Builders Association of Greater Indianapolis is trying to jump-start new home construction by convening a forum on how builders can adapt to banks’ stricter lending requirements.
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$18.9M Navy contract boosts Raytheon's local facility

March 16, 2010
 IBJ Staff
Raytheon Technical Services Co. LLC will make guided missile launchers for the U.S. Navy at its Indianapolis avionics development center, the Department of Defense announced Monday.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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