News & Analysis

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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Ballard solicits business help in aid of Indy Parks

March 4, 2010
Peter Schnitzler
Corporate contributions, volunteerism help shore up struggling city department after recession-driven cuts reduce budget by nearly one-fifth.
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Dow Agro plans $340M expansion, 577 new jobs

March 4, 2010
Peter Schnitzler
The investment will greatly expand the company's research and development capacity and is a major win for the Indiana life sciences industry. Dow AgroSciences expects most of the positions to pay between $65,000 and $95,000 annually.
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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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