News & Analysis

Obama's stimulus aims to boost access to small-biz loans

February 20, 2010
Peter Schnitzler
No incentive can make a bad deal bankable. But President Obama's stimulus measures are spurring some promising small businesses to begin borrowing again, despite the recession.
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Simon's $10 billion bid for bankrupt General Growth roils retailingRestricted Content

February 20, 2010
Cory Schouten
Simon Property Group Inc. already is known for playing hardball with mall tenants over rent. So national retailers like The Gap Inc. and Limited Brands Inc. will be bracing for future lease negotiations if the nation's largest mall owner succeeds in a $10 billion bid to take over its nearest rival, the bankrupt General Growth Properties Inc.
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Millionaire lawyer jumps into Melvin Simon will fight

February 20, 2010
Greg Andrews
Mike Ciresi, who’s representing widow Bren Simon, helped win a $6 billion settlement from the tobacco industry.
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Urban Land Institute chapter launches in IndianapolisRestricted Content

February 20, 2010
Cory Schouten
Chapter, heavily populated by developers, hopes to guide sustainable development.
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New Kiwanis boss aiming to halt membership slideRestricted Content

February 20, 2010
Kathleen McLaughlin
The Indianapolis-based service organization has 239,000 adult members, down 26 percent from the 1992 peak of 324,727.
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WellPoint's health insurance rate hike spurs legislative inquiryRestricted Content

February 20, 2010
J.K. Wall
The furor over WellPoint Inc.’s premium hikes have migrated from California to Indiana, where state lawmakers held a high-profile hearing.
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Lilly asks shareholders to lower takeover barrier

February 20, 2010
J.K. Wall
Eli Lilly and Co. directors have recommended that shareholders toss out the drugmaker's most potent protection against unwanted takeovers: an 80-percent supermajority vote threshold for any shareholder mutiny to succeed.
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New electronic radio ratings system rattling nervesRestricted Content

February 20, 2010
Anthony Schoettle
Local radio operators are bracing for a potential ratings shake-up. The introduction of Arbitron Co.'s Portable People Meter in the Indianapolis market this summer is expected to tighten the ratings race and could dramatically affect how much advertisers are willing to pay for radio spots.
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Bayh's exit may pinch federal funds going to IndianaRestricted Content

February 20, 2010
Peter Schnitzler
Sen. Evan Bayh brought home the bacon—more than $1.4 billion in federal appropriations and grants in just the last 12 months.
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General Growth board sued for rejecting $10B Simon bid

February 20, 2010
Bloomberg News
Directors at Chicago-based General Growth Properties Inc. are being sued by a shareholder claiming they shouldn’t have rejected a $10 billion buyout offer from competitor Simon Property Group Inc.
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Indianapolis officials used Super Bowl to prep for 2012

February 20, 2010
Associated Press
Nearly four dozen host committee members and Indianapolis officials attended the game. The entourage will apply what they learned to the 2012 event.
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White House plans new rules for health insurers

February 19, 2010
Bloomberg News
President Obama will release a proposal to restart the health-care debate before a bipartisan White House meeting on Feb. 25, one day after WellPoint officials testify before Congress about steep rate increases.
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Judge places Fair Finance into bankruptcy

February 19, 2010
Greg Andrews
A federal trustee will take control of the company's assets while securities-fraud probes continue.
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Airport picks team to study re-use of land at old terminal site

February 19, 2010
Chris O'Malley
The Indianapolis Airport Authority's plan for the next "30 to 50 years" starts with a team tapped Friday morning. Five firms will study ways to use airport property, including the former passenger terminal.
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Apartment developer plans 217 units in Lawrence

February 19, 2010
Cory Schouten
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village at the Fort.
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State funding cuts a setback for public stations

February 19, 2010
Scott Olson
The state's eight public television and radio stations, including WFYI in Indianapolis, will not receive their final two installments of public funding for fiscal 2010 because of Indiana's budget crisis.
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Teva gets European OK to sell generic of Lilly's Evista

February 19, 2010
Bloomberg News
Evista generated $1.03 billion in sales last year, of which $348.1 million came outside the United States.
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Blackstone may join Simon's bid for General Growth

February 19, 2010
Bloomberg News
Blackstone Group LP, the world's largest private-equity firm, may join Simon Property Group Inc.'s bid to buy bankrupt General Growth Properties Inc., according to two people with knowledge of the discussions.
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Indianapolis to demonstate plug-in electric vehicles

February 18, 2010
Chris O'Malley
Green watch
                           video iconCity will be among first to conduct demonstration of several plug-in electric vehicles prior to their market launch next year.
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J.D. Power ranks Indianapolis airport best

February 18, 2010
A survey by J.D. Power and Associates has Indianapolis International Airport tops among 64 major airports in the country when it comes to overall passenger satisfaction.
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Kite Realty reports quarterly profit, annual loss

February 18, 2010
Scott Olson
Indianapolis-based developer Kite Realty Group Trust turned a small profit in the fourth quarter, but reported a loss in 2009 amid difficult commercial real estate conditions.
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Foes keep up 31-year fight over central Indiana landfill

February 18, 2010
 IBJ Staff and Associated Press
A developer who has been trying for 31 years to build a central Indiana landfill says he's ready to start construction after receiving a state permit.
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Vortek Surgical moving HQ to Brownsburg, adding 60 jobs

February 18, 2010
 IBJ Staff
Indianapolis-based Vortek Surgical LLC will relocate to Brownsburg, expanding its headquarters, manufacturing and distribution operations and creating more than 60 jobs in the next three years.
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WellPoint rate hikes spark protest in Indianapolis

February 18, 2010
J.K. Wall
Congressman Andre Carson will make remarks Thursday during a public chastising of Indianapolis-based health insurer for 21-percent rate hike on individuals.
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House panel OKs delay in unemployment tax hike

February 17, 2010
Associated Press
An Indiana House committee endorsed legislation Wednesday that would delay for one year increases in taxes that employers pay into the state's bankrupt unemployment insurance fund.
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