News & Analysis

WellPoint may be anti-competitive, Connecticut AG says

March 8, 2010
 IBJ Staff and Bloomberg News
WellPoint Inc.'s Anthem Blue Cross & Blue Shield of Connecticut may constrain competition through contracts that require that the insurer receives hospital discounts at least as favorable as any provided to a competitor.
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Hoosier Park owner seeks to reorganize $680M in debt

March 8, 2010
Peter Schnitzler
Centaur LLC, which filed for Chapter 11 bankruptcy protection on Sunday, plans to sell its Colorado casino. Much of its debt was incurred to upgrade Hoosier Park in Anderson and add its slots parlor.
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FinishMaster reports flat profit in fourth quarter

March 8, 2010
FinishMaster Inc.'s profit in the fourth quarter of 2009 was unchanged from the previous quarter, although earnings for the entire year declined. The Indianapolis-based paint distributor attributed the drop to lower automobile-accident claims.
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Eli Lilly to buy European rights to Pfizer animal products

March 8, 2010
Scott Olson
The acquisition will benefit Elanco, Lilly's animal health division in Greenfield, which has become increasingly important to Lilly as it braces for patent-protection losses.
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Express lane opens for I-465 widening project

March 8, 2010
Associated Press
The lane opened Monday for eastbound traffic on I-465 from U.S. 31 (Meridian Street) to just past the Allisonville Road interchange.
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Logistics firm s2f investing $10.8M in Plainfield facility

March 8, 2010
 IBJ Staff
Startup logistics firm s2f worldwide LLC will invest $10.8 million to set up its headquarters and distribution center in Plainfield, creating 250 jobs by 2013, state economic development officials said early Monday.
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Hoosier Park owner Centaur files for bankruptcy protection

March 7, 2010
Indianapolis-based Centaur LLC, owner of Hoosier Park horse track and casino in Anderson, filed for Chapter 11 reorganization on Sunday. The company's casino, racing and hotel operations will continue without interruption, it said.
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Timber industry seeks respect, profit from 'green' standards

March 6, 2010
Chris O'Malley
Why should bamboo imported from Asia or steel made through intensive use of energy be consider greener than locally grown trees? timber interests ask.
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Low-profile CIB leader embraces tough financial task

March 6, 2010
Scott Olson
Lathrop Watch VideoAnn Lathrop's interactions with the Indiana Pacers and Indianapolis Colts aren't what she might have envisioned as a young college student pursuing a career in sports medicine. Now president of the city's Capital Improvement Board, her relations with the teams are tied to their financial conditions rather than the health of their players.
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Simon Property CEO uses hard-nosed style to excel at acquisitions

March 6, 2010
Cory Schouten
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
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Market surge doesn't lift Lilly EndowmentRestricted Content

March 6, 2010
Kathleen McLaughlin
Lilly Endowment's resistance to diversify its holdings reached a new height last year, as it failed to sell a single share of the underperforming Eli Lilly and Co. stock while the broader market surged.
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Bottled-water company ramps up production in PlainfieldRestricted Content

March 6, 2010
Kathleen McLaughlin
Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal tap water.
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Indians ready to score with Comcast, Brighthouse TV dealRestricted Content

March 6, 2010
Anthony Schoettle
A full season of televised games will give franchise a platform to promote attendance at Victory Field.
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Legal battle over Simon estate plan puts big gifts in limbo

March 6, 2010
Kathleen McLaughlin
Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it could be up to his widow, Bren Simon, whether to fulfill that wish.
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Rapid growth makes Aprimo candidate for another try at IPO

March 6, 2010
Chris O'Malley
Robust growth at marketing software maker Aprimo is fueling speculation it is about to make another run at going public, and co-founder Bill Godfrey said he won't rule out the possibility of an IPO.
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Job searches dragging on a year later

March 6, 2010
J.K. Wall
Out of six professionals IBJ profiled a year ago, three have found jobs, although all have accepted lower pay than they were getting before. One could not be reached, but she still lists herself as looking for work on LinkedIn.com. Two tried to start their own businesses, with one giving up and one, Bruce Flanagan, still trying.
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GM to reinstate 600 dealerships slated to be cut

March 5, 2010
Associated Press
GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.
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Dow AgroSciences considered expansion elsewhere

March 5, 2010
Peter Schnitzler
Agricultural biotech firm hired a site-selection consultant and considered other cities around the world for its $340 million expansion.
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Indiana out in first phase of 'Race to the Top' grants

March 5, 2010
Associated Press
Indiana has missed out in the first round of the U.S. Department of Education's "Race to the Top" competition, which will deliver $4.35 billion in school-reform grants.
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Magazine names Fishers 'top affordable suburb'

March 5, 2010
 IBJ Staff
The Bloomberg BusinessWeek survey gives the town north of Indianapolis high grades for "livability, safety, education, and economic performance."
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Medline opens Plainfield distribution center

March 5, 2010
 IBJ Staff
Illinois-based medical supplies maker Medline Industries Inc. has opened a distribution center in Plainfield, hiring 50 workers.
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Three Indiana companies among world's most admired

March 5, 2010
Brightpoint, WellPoint and Cummins are recognized by Fortune magazine as being among the best in their industries.
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Indiana lawmakers fail to wrap up session

March 5, 2010
Associated Press
Lawmakers hoped to adjourn by midnight, days before a March 14 statutory deadline for finishing business, but are still bogged down on several issues.
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Sebelius asks insurers to justify rate hikes

March 4, 2010
Associated Press
Health and Human Services Secretary Kathleen Sebelius met at the White House with the CEOs of Indianapolis-based WellPoint, Aetna, Cigna, UnitedHealth Group, as well as several state insurance commissioners.
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Workplace guns bill gets final legislative OK

March 4, 2010
Associated Press
The Indiana General Assembly approved a bill that lets workers keep firearms locked in their cars in trunks or out of sight while parked on company property.
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