News & Analysis

Judge signs off on Hansen & Horn liquidation

March 4, 2010
Scott Olson
A court-appointed receiver can begin selling the assets of troubled home builder Hansen & Horn Group Inc., after a judge approved its liquidation on Wednesday.
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Ballard to visit Brazil on business-development trip

March 3, 2010
Peter Schnitzler
Economic development mission targets clean technology and motorsports business-development opportunities.
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Local motorsports marketing firm eyeing Asia

March 3, 2010
Just Marketing International in Zionsville plans to establish a presence in either Singapore or Hong Kong this year, to bolster its global presence.
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Indiana lawmakers still hoping to adjourn Thursday

March 3, 2010
Associated Press
Lawmakers are close to a compromise on a work-site guns bill, but remain farther apart on several other issues.
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Ex-Lilly medical director named state health commissioner

March 3, 2010
 IBJ Staff and Associated Press
Dr. Gregory N. Larkin, the former global medical director at Eli Lilly and Co., will replace Dr. Judy Monroe, who is leaving to become deputy director of the Centers for Disease Control and Prevention.
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Cornelius to retire as Bristol-Myers Squibb CEO

March 3, 2010
 IBJ Staff and Associated Press
The former Guidant Corp. CEO and long-time Eli Lilly exec said he and his family will be returning to Indianapolis.
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Dow Agro plans 'major' expansion announcement

March 3, 2010
Peter Schnitzler
Local Dow Chemical subsidiary expects to launch five new biotech products by 2012.
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IPL retirees, union continue fight over plan funding

March 3, 2010
Chris O'Malley
Retirees re-energize legal battle against IPL, seek rehearing in Court of Appeals over post-retirement funding case that could cost utility $100 million.
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Conexus launches statewide online-procurement network

March 3, 2010
Peter Schnitzler
Indiana Supplier INsight offers free links between Hoosier providers and purchasers.
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Local manufacturer closing plant, moving to Brazil

March 3, 2010
 IBJ Staff
IVC Industrial Coatings Inc. is relocating its Indianapolis headquarters and manufacturing operations to west-central Indiana. About 50 of its 55 employees have agreed to move.
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To attack costs, Lilly accelerates R&D

March 3, 2010
J.K. Wall
With President Barack Obama looking to squeeze a bit more revenue out of the pharmaceutical industry, the stakes just keep getting higher for Eli Lilly and Co.'s efforts to develop drugs faster and cheaper.
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Docs get short reprieve from Medicare cuts

March 3, 2010
J.K. Wall
Doctors dodged yet another bullet last night as the U.S. Senate agreed to delay a scheduled 21-percent cut in Medicare payments to physicians. But their relief will be short-lived.
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Creditors: General Growth biased toward Brookfield proposal

March 3, 2010
Bloomberg News
General Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property Group also has bid to acquire the bankrupt company.
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IU cancer center names new director

March 2, 2010
 IBJ Staff
Dr. Patrick J. Loehrer Sr. replaces Dr. Stephen D. Williams, the center's founding director, who died of cancer in February 2009.
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Indiana tax collections for February down $86 million

March 2, 2010
Associated Press
Tax collections for February fell $86 million below a revised December forecast. Revenue is down $166 million in the first three months since that forecast.
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ExactTarget acquires Twitter support company

March 2, 2010
ExactTarget will use San Francisco-based CoTweet, which helps companies manage multiple Twitter accounts, for social-media product development.
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Simon daughter questions using father's estate to pay donations

March 2, 2010
Greg Andrews
Pledges to St. Vincent, Indianapolis Museum of Art should be paid by trusts, foundations affiliated with Bren Simon, court papers allege.
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Local racing-simulator firm declares bankruptcy

March 2, 2010
Anthony Schoettle
Indianapolis-based Interactive Motorsports and Entertainment Corp., which went public in 2002, has filed for Chapter 11 reorganization.
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Dann Pecar nabbed by Ohio law firm in merger

March 2, 2010
Scott Olson
Cleveland-based Benesch Friedlander Coplan & Aronoff LLP gains Indianapolis presence by absorbing 99-year-old local law firm with 29 lawyers.
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Mass Ave project works toward April approval

March 2, 2010
Tom Harton
Trail Side on Mass Ave would include 69 one-bedroom apartments and about 23,000 square feet of ground-level retail space.
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Ex-higher ed chief Jones unveils college completion group

March 2, 2010
J.K. Wall
With funding of $12 million over four years, Stan Jones wants to influence states to focus on getting college students to graduate.
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Ford supplier Lear to add 200-plus jobs in Hammond

March 2, 2010
 IBJ Staff
Michigan-based auto components maker Lear Operations Corp. plans to invest more than $2.2 million to expand and upgrade its manufacturing facility in Hammond, adding more than 285 jobs this year.
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Consumer group sues Anthem over policy changes

March 1, 2010
Associated Press
A consumer watchdog group filed a lawsuit Monday against WellPoint's California subsidiary on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.
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Stutz Business Center owner purchases Canterbury Hotel

March 1, 2010
Scott Olson
Turner Woodard has purchased the historic Canterbury Hotel on South Illinois Street. He said the hotel fits his vision of turning around properties and making them profitable.
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State health commissioner leaving for CDC

March 1, 2010
J.K. Wall
Dr. Judy Monroe, after five years as Indiana's public health leader, will spearhead communication between federal and state health agencies.
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