News & Analysis

Lilly pays $90 million for autoimmune drug

December 21, 2009
 IBJ Staff
By acquiring an experimental medicine for rheumatoid arthritis, the Indianapolis-based drugmaker is increasing its focus on autoimmune diseases.
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Experts see 'great concern' over local construction outlook

December 21, 2009
Scott Olson
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t hide the anxiety felt within the construction industry.
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Rolls-Royce bags $160M military contract

December 21, 2009
 IBJ Staff
Rolls-Royce Corp.'s Indianapolis operations will manufacture 78 turboshaft engines for U.S. Navy and Air Force helicopters under the terms of a mammoth $160.6 million military contract.
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AIT shares profit with employees - again

December 21, 2009
AIT Laboratories said Monday morning it is awarding another $1 million in bonus money to employees, bringing their total take in profit sharing this year to an impressive $3 million.
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Local FedEx employees working more during holidays

December 21, 2009
 IBJ Staff and Associated Press
Many of the 5,000 employees at the FedEx Express hub at Indianapolis International Airport are benefiting from the holiday shipping rush by working longer hours.
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Radio giant Citadel files for bankruptcy protection

December 21, 2009
 IBJ Staff and Associated Press
Las Vegas-based Citadel Broadcasting, which owns three radio stations in Indiana, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load.
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Freight Masters files bankruptcy after losing business from Chrysler, BoeingRestricted Content

December 19, 2009
Chris O'Malley
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing business.
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First Indiana Future Fund off to a slow startRestricted Content

December 19, 2009
Peter Schnitzler
More than half of the venture capital fund's original investors took a pass on its $58 million successor, the newly launched INext.
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Setbacks in diabetes market batter Roche

December 19, 2009
J.K. Wall
Roche Diagnostics Corp., once the darling of the U.S. diabetes-device market, is now licking its wounds. And it’s mulling whether to keep fighting on all fronts or to pull back.
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Prosecutor Brizzi a big player in real estate

December 19, 2009
Cory Schouten
Carl Brizzi partnered on a bank branch, took an ownership interest in an office building and flipped condos.
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Legislators face unemployment insurance fund sinking into red

December 19, 2009
Peter Schnitzler
Indiana lawmakers are preparing to punt on 2009's must-solve business issue in the hope of a federal bailout. However, it's anybody's guess how Washington will respond.
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Property tax caps stand good odds in the 2010 legislative sessionRestricted Content

December 19, 2009
Norm Heikens
Lawmakers are likely to pass property tax legislation, which would send it to a voter referendum in November and potentially into the state constitution.
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Opera directors create $40,000 challenge grantRestricted Content

December 19, 2009
Kathleen McLaughlin
Indianapolis Opera board Chairman Garry Fredericksen says in a recent appeal for donations that the company is in a “battle for survival.”
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Giant Heartland Crossing housing development hangs on

December 19, 2009
Kathleen McLaughlin
Short sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
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Holiday Wish List

December 19, 2009
 IBJ Staff
Here is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
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USA Track & Field CEO doubles budget, pushes reformsRestricted Content

December 19, 2009
Anthony Schoettle
Doug Logan is shaking up the sport and hopes to add more events, which could pay off for Indianapolis.
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Delphi to add 190 jobs in Kokomo

December 18, 2009
 IBJ Staff
Delphi Corp. brought some good news to the beleaguered city of Kokomo on Friday, announcing plans open a production facility there, creating about 190 jobs by 2014.
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Camaro to pace Indianapolis 500 again

December 18, 2009
Anthony Schoettle
The 2010 Chevrolet Camaro SS will be the official pace car for next May's Indianapolis 500. It'll be the sixth time a Camaro has paced the race.
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Building trades leaders flock to Wishard meetings

December 18, 2009
 IBJ Staff
Hundreds of potential contractors turned out for informational meetings this week about construction work on a new Wishard Memorial Hospital.
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Indiana's unemployment rate slips to 9.6 percent

December 18, 2009
Scott Olson
Indiana's unemployment rate ticked downward in November, falling to 9.6 percent, the Indiana Department of Workforce Development said Friday morning.
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Hoosier biz groups oppose Senate health bill

December 18, 2009
J.K. Wall
Group presidents tell Indiana senators that the reform bill would expand dysfunctions of current health care systems.
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General Growth says it will consider acquisition offers

December 18, 2009
 IBJ Staff and Associated Press
General Growth Properties, the Chicago mall owner that Indianapolis-based Simon Property Group Inc. is interested in buying, said the company will consider all offers and may sell shares to the public to raise capital.
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City ready to award new golf contracts

December 18, 2009
Kathleen McLaughlin
Indianapolis Mayor Greg Ballard's administration has chosen five local contractors to run 12 municipal golf courses for the next 10 years, and expects to get $6.3 million in capital improvements out of the deal.
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UPDATE: Airport OKs $325,000 in 'betterment' projects

December 18, 2009
Chris O'Malley
Indianapolis' new $1.1 billion airport terminal faces at least two nagging functionality issues: inadequate protection during inclement weather at the second-level passenger drop-off platform and sunlight that floods the ticket lobby, making computer screens hard to read.
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Atlanta dates set for former Indy tennis event

December 17, 2009
 IBJ Staff and Associated Press
As first reported by IBJ on Nov. 28, the men's tennis event that is leaving Indianapolis is heading to Atlanta, the ATP confirmed.
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