News & Analysis

Lilly extends research pact with India firm

December 1, 2009
 IBJ Staff
Jubilant Organosys Ltd. and Indianapolis-based Eli Lilly and Co. extended their collaboration, which began in 2005, by five years.
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Carmel buying 12 acres for new well field

December 1, 2009
Cory Schouten
The city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.
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Express Scripts closes $4.7B deal to buy WellPoint pharmacy unit

December 1, 2009
 IBJ Staff
St. Louis-based Express Scripts Inc. has completed its $4.7 billion acquisition of WellPoint Inc.’s pharmacy benefits management business, the company said Tuesday.
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Lilly Endowment grant extends jobs program

December 1, 2009
A $2.3 million grant awarded by Lilly Endowment Inc. on Monday will enable the Indianapolis Private Industry Council to continue a jobs program through 2011.
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Smoking ban bill sent back to committee

November 30, 2009
Brock Benefiel
The fate of a proposal that would impose a stricter workplace smoking ban in Indianapolis remains up in the air after the City-County Council voted Monday night to send the bill back to committee for further review.
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Report: Simon considers sale of European properties

November 30, 2009
Cory Schouten
Simon Property Group Inc. may sell several of its properties in Europe to help raise funds for a possible bid for bankrupt rival General Growth Properties.
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Feds drop Durham asset-seizure suit

November 30, 2009
Greg Andrews
The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham's assets after receiving assurance they wouldn't vanish.
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Fair Finance offices fail to reopen

November 30, 2009
Greg Andrews
Fair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of the company's investment certificates.
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Tennis officials confirm sale of tournament

November 30, 2009
Anthony Schoettle
Officials with the Indianapolis Tennis Championships confirmed that they are selling the rights to host an annual men's professional tennis event that has roots in Indianapolis dating back to 1920.
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Sponsor: 'No way' smoking ban would pass in current form

November 30, 2009
Brock Benefiel
A proposal to strengthen Indianapolis’ workplace smoking ban is set to come before the City-County Council on Monday night, but one of the bill’s sponsors wants to send it back to committee for more work before a final vote.
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Lilly's Cymbalta wins new approval for anxiety disorder

November 30, 2009
J.K. Wall
FDA action should boost sales of the Eli Lilly and Co. drug, which were already on pace to top $3 billion this year.
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Feds seek seizure of Durham's assets

November 28, 2009
Greg Andrews
The federal government has filed court papers seeking forfeiture of Tim Durham's property, including his 30,000-square-foot Geist home, another home in Los Angeles and his 2008 Bugatti sports car.
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Big donor leaves Indianapolis Museum of Art board

November 28, 2009
Kathleen McLaughlin
The Indianapolis Museum of Art is losing endowment revenue at the same time prominent donor Wayne Zink, CEO of Endangered Species Chocolate, has resigned from the board.
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Disclosures key to feds' probe of Durham's Fair Finance

November 28, 2009
Greg Andrews
Any case federal prosecutors pursue against Tim Durham or his associates likely would revolve around what his Fair Finance Co. disclosed—or didn’t disclose—to potential investors, legal observers said.
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Traffic technology handy after propane tanker explosion

November 28, 2009
Chris O'Malley
A complex system of signs along Indianapolis' interstate highway system was pressed into action after a propane tanker exploded in October near I-465 and I-69.
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Video surveillance legal in Hoosier state, but beware lawsuitsRestricted Content

November 28, 2009
Norm Heikens
Most states--Indiana included--have no law on the books banning video surveillance in homes or businesses. However, anyone considering using a hidden camera should consider the potential to be sued under the state's well-developed privacy law.
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Internet sales of hidden 'nanny' cameras booming

November 28, 2009
Norm Heikens

Falling prices, rising distrust persuade businesses and individuals to point lenses at the unsuspecting. Bonus: Our own video surveilling the new tiny tech.

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Noble Roman's gives in to shareholder demandsRestricted Content

November 28, 2009
Cory Schouten
Pizza chain Noble Roman's Inc. says plans for its first investor meeting in seven years have no connection to an investor's lawsuit.
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Advisory panel urges EPA to back plan to pay for green projects via property taxRestricted Content

November 28, 2009
Chris O'Malley
By issuing “voluntary environmental improvement bonds,”, local and state governments could create special taxing districts that finance homeowner purchases of everything from solar panels to rain gardens.
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St. Vincent-Novia clinic partnership cuts out insurance middleman

November 28, 2009
J.K. Wall
The St. Vincent Health hospital system has joined with Indianapolis-based Novia CareClinics LLC to set up clinics on employers’ campuses, offering health care for their workers with no insurance companies involved.
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Former Huntington National Bank exec alleges age discriminationRestricted Content

November 28, 2009
Peter Schnitzler
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
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SBA loan approvals - October 2009Restricted Content

November 28, 2009
 IBJ Staff
SBA loan approvals for the Indianapolis area for October 2009.
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EPA: IPL electric plant upgrades were deficientRestricted Content

November 28, 2009
Chris O'Malley
Indianapolis Power & Light faces potential fines and capital expenditures after allegedly updating three generating plants over 23 years without adding the most modern pollution controls.
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Entrepreneur parlays love of cars into successful media companyRestricted Content

November 28, 2009
Anthony Schoetle
Donnie Babb's Gauge Media Group started in his basement at tortoise speed but now churns out $2 million in sales with a staff of nine full-time and 15 part-time employees.
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Alcohol distributor fights decision allowing big competitor into Indiana

November 28, 2009
J.K. Wall
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission ruled Nov. 5 that Southern Wine & Spirits of America Inc. could distribute here.
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