News & Analysis

HealthNet lands $10.5 million in stimulus funds

December 10, 2009
 IBJ Staff and Associated Press
HealthNet said it will use the funds to expand and renovate two community health centers that have outgrown their space.
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University of Indianapolis names new business dean

December 9, 2009
 IBJ Staff
Sheela Yadav, a supply chain and engineering management expert, has been interim dean since July 2008.
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Area home sales tick up

December 9, 2009
Scott Olson
Home-sale agreements in the nine-county Indianapolis area rose 3.3 percent in November, marking the third consecutive month they've showed a year-over-year increase.
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Bloomington panel won't support chain-store ban

December 9, 2009
 IBJ Staff and Associated Press
A task force appointed by Bloomington's mayor will instead look at other options for protecting the small-town character of the city's downtown from standardized chain stores and eateries.
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Company's medical device earns expedited review

December 9, 2009
FAST Diagnostics LLC said initial human trials on its method to measure kidney function faster and more accurately than existing techniques could begin as early as next year, with commercialization following by 2012.
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Ballard rolls out tougher requirements for lobbyists

December 9, 2009
Peter Schnitzler
Lobbyists paid $1,000 or more to sway city or county officials will be required to report all activity online.
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Editorial writers lose appeal against Star

December 9, 2009
Jennifer Nelson / The Indiana Lawyer
Two former editorial writers at Indiana's largest newspaper failed to prove they were the victims of religious discrimination, according to a circuit court of appeals.
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Auto parts maker to add 130 jobs in Princeton

December 9, 2009
 IBJ Staff
Automotive component maker Windsor Machine Group will invest more than $4 million to establish a manufacturing facility in southwest Indiana, eventually creating as many as 130 jobs, the Indiana Economic Development Corp. announced early Wednesday.
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Ohio manufacturer expanding in northeast Indiana

December 9, 2009
 IBJ Staff
An Ohio manufacturing company plans to spin off its machining and fabrication operations and set up shop in northeast Indiana, creating 111 jobs by 2014, state economic development leaders said Tuesday evening.
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Republic Airways bringing 300 jobs to city

December 8, 2009
Chris O'Malley, Scott Olson
Republic Airways Holdings Inc. said Tuesday afternoon it will create as many as 300 jobs in Indianapolis next year by bringing Frontier Airlines’ Operation Control Center to the city.
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Bella Vita restaurant planned for Circle Centre

December 8, 2009
Scott Olson
An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor space in Circle Centre mall formerly occupied by Bertolini’s.
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UPDATE: Simon stock jumps on $2.3B acquisition

December 8, 2009
Cory Schouten
Adding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25 million square feet of space.
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Conseco shares fall on weak profit forecast

December 8, 2009
J.K. Wall
Carmel-based insurer also wants to amend bank loans to assuage investor concerns ahead of $200 million stock offering.
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Boone County shoots down $35M rezoning plan

December 8, 2009
 IBJ Staff
Carmel-based Midwest Independent Transmission System Operator said it would continue to scout for sites in the Indianapolis area.
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Patachou owner's pizzeria granted alcohol permit

December 8, 2009
Scott Olson
Café Patachou owner Martha Hoover’s plan to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets in Indianapolis cleared its final hurdle Monday.
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Simon buying Prime Outlets in $2.3B deal

December 8, 2009
Cory Schouten
Simon Property Group Inc. is doubling down on outlet malls with an agreement to buy Baltimore-based Prime Outlets, a privately held firm that owns 22 of the giant properties.
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Ariad asks court to restore patent-suit win against Lilly

December 8, 2009
 IBJ Staff
A federal appeals court will decide whether Eli Lilly and Co. must pay $65.2 million in damages, plus royalties, over a drug-patent claim.
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Calumet selling 3 million shares in secondary offering

December 8, 2009
Calumet Specialty Products Partners LP is selling 3 million shares of common stock to pay debt and to finance requirements of an agreement with another company.
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Kosene becoming full-service residential brokerage

December 8, 2009
Tom Harton
Kosene & Kosene is launching a full-service residential real estate brokerage, in part to counter a tough development market.
 
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Danica Patrick reaches NASCAR deal, source says

December 7, 2009
Associated Press
Last week, Patrick signed a three-year contract extension with Andretti Autosport to stay in the IndyCar series, but its schedule gives her enough time to also try NASCAR.
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Miller Pipeline purchases Illinois-based contractor

December 7, 2009
Indianapolis-based Miller Pipeline Corp. announced Monday morning that it has purchased Illinois-based Elcon Pipeline Inc., marking the company’s fifth acquisition in the past four years.
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EnerDel parent receives $20M investment

December 7, 2009
The parent of EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, announced Monday morning that it has received about $20 million in investment capital from a Japanese company.
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Delphi to supply Allison with hybrid components

December 7, 2009
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
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Asking price for Hilbert estate drops below $10M

December 7, 2009
Andrea Muirragui Davis
After more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at $9.9 million—less than half of the original asking price and a third of the $30 million it was estimated to be worth in 2001.
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Some area manufacturers see blue sky after year dominated by recessionRestricted Content

December 5, 2009
Kathleen McLaughlin
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year adrift in the recession, they see signs of land ahead.
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