News & Analysis

In-car spy device could drive sales

May 29, 2010
Chris O'Malley
Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car's "OBD II" diagnostic port to track a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company is marketing the device to parents of teen drivers, among others.
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Performance Services guarantees City-County Building energy savings

May 29, 2010
Chris O'Malley
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable market.
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Cancer researcher battling Semafore in courtRestricted Content

May 29, 2010
Chris O'Malley
Former collaborator alleges firm breached its agreement with him and refused to pay royalty income.
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Positron has billion-dollar hopes for medical-imaging scanner

May 29, 2010
J.K. Wall
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better at losing money than making it.
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Lilly grows Alimta's sales by shrinking marketRestricted Content

May 29, 2010
J.K. Wall
In 2008, Eli Lilly and Co. asked drug regulators to change the label on Alimta so Lilly could no longer promote it as a treatment for all patients suffering from non-small-cell lung cancer, but for only about 70 percent of the patients. Since then, sales of the drug have accelerated, growing a whopping 48 percent last year.
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Grameen Bank might open here, providing small loans that add up

May 29, 2010
Peter Schnitzler
Bangladesh-based Grameen Bank, the Nobel Peace Prize-winning financial institution that developed the concept of life-changing micro loans for the poor, is contemplating opening its third U.S. branch in Indianapolis.
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Biopharma fueling boom in refrigerated warehousing

May 29, 2010
Chris O'Malley
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths in warehousing and life sciences.
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Indianapolis startup attacks Alzheimer's diseaseRestricted Content

May 29, 2010
Norm Heikens
AgeneBio Inc. this month landed a $300,000 investment from the Indiana Seed Fund to fund operations, bolster its intellectual property, and begin learning how to make a drug into a once-a-day pill.
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UPDATE: Water-main break closes part of Castleton Square

May 28, 2010
Kathleen McLaughlin
Simon Property Group spokesman Les Morris said 110 out of 130 mall stores were open late this morning.
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Bren Simon makes $21M California land purchase

May 28, 2010
 IBJ Staff
The Ventura County properties include 100 acres in Hidden Valley, near Thousand Oaks, The Wall Street Journal said. Two lots have homes and the third is used for livestock operations.
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Race vendors gearing up for big weekend

May 28, 2010
Scott Olson
Continued fallout from a contentious open-wheel split, coupled with an uncooperative economy, have led to sagging sales for many Indianapolis 500 vendors like Ben Justice, left. But they say they have reason to be optimistic.
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EnerDel forms joint venture with Chinese autoparts maker

May 27, 2010
Kathleen McLaughlin
Battery company will offer expertise to help Wanxiang build Chinese factory, fill backlogs. Indiana employment could reach 3,000, but there's no target date for achieving that milestone.
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Economic rebound slowed last quarter

May 27, 2010
Associated Press
The economic recovery last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year.
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Finish Line co-founder retiring as chairman

May 27, 2010
 IBJ Staff
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
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Downtown merchants sponsor new farmer's market

May 27, 2010
Kathleen McLaughlin
Goldman Jewelry, J.P. Parker Flowers and Shapiro's Deli plan a Tuesday evening farmer's market on the south side of downtown Indianapolis beginning June 1.
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HHGregg's profit slips despite higher revenue

May 27, 2010
 IBJ Staff
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
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Hat World to acquire Sports Avenue stores

May 27, 2010
 IBJ Staff
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
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Suspended Kruse hopes to keep famous auction going

May 26, 2010
Associated Press
Kruse's attorney said his 69-year-old client would like to find some way to keep the annual auction alive, possibly by finding another auction company to run this year's event.
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Seven years of work expected for central Indiana highway

May 26, 2010
Associated Press
Work is to start next year on upgrading the highway through Carmel and Westfield to interstate standards in phases through 2017.
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UPDATE: Lawsuits could still go forward, despite Emmis deal

May 26, 2010
Scott Olson
Company shareholders challenging the transaction to sell Emmis Communications Corp. still could be awarded damages despite the board's decision to OK the deal, lawyer says.
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WellPoint pledges two-day hospital stays after mastectomy

May 26, 2010
J.K. Wall
In the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay for any breast cancer patient to stay two days in a hospital after surgery.
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LEADING QUESTIONS: Small-biz tips from finance whiz

May 26, 2010
Mason King
Wojtowicz_WatchVideoJean Wojtowicz, whose firm has helped fund more than 1,200 Indiana companies, recommends the "front-page test," looking seriously at expanding, and pulling the trigger quickly on toxic employees.
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Football coaches' group to convene in Indianapolis

May 26, 2010
 IBJ Staff
The four-day events in 2014 and 2019 are expected to draw about 7,000 attendees each and fill a total of more than 20,000 room nights, likely ranking among the city’s 25 largest conventions each year.
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Local firm to manage city's infrastructure initiative

May 26, 2010
 IBJ Staff
American Structurepoint has been tapped by the Department of Public Works as program manager for the city’s “RebuildIndy” infrastructure-improvement initiative.
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Formula One set for U.S. comeback

May 26, 2010
 IBJ Staff and Bloomberg News
Formula One, which hasn't conducted a U.S. race since 2007 in Indianapolis, plans to return to the United States in 2012 with an event at a new track in Austin, Texas.
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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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