News & Analysis

Rolls-Royce scores $11M military helicopter contract

November 13, 2009
 IBJ Staff
The good news continues for Rolls-Royce Corp.'s Indianapolis operations, which this week received an $11.1 million contract to make gas turbine engines for the Army's OH-58D Kiowa reconnaissance helicopters.
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St. Vincent, OrthoIndy form partnership

November 13, 2009
 IBJ Staff
St. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy physicians and other independent doctors to create a management company that would oversee orthopaedic and spine services at St. Vincent Indianapolis. The health care providers announced the deal early Friday.
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Rokita says GOP redistricting plan not enough

November 13, 2009
Associated Press
Indiana Secretary of State Todd Rokita is pleased that state Senate Republicans have proposed changes to the way legislative districts are drawn, but he says they don't go far enough.
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Barnes & Thornburg enters top 100 on list of largest law firms

November 13, 2009
Scott Olson
A spate of office openings and an acquisition have helped catapult Barnes & Thornburg LLP into the upper echelon of the nation's largest law firms, at a time when the slumbering economy has forced most big firms to cut staff.
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Indiana near top in smoking survey; national rate rises

November 13, 2009
 IBJ Staff and Associated Press
A survey found cigarette smoking rose slightly on a national basis for the first time in almost 15 years and that Indiana had the second highest smoking rate among states.
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Speedway cuts 40 employees in latest cost-saving move

November 12, 2009
Scott Olson
A source at Indianapolis Motor Speedway said IMS laid off 40 employees Wednesday, mostly from its human resources department, in a cost-saving move.
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ICVA: Ad campaign helps draw more visitors to region

November 12, 2009
Scott Olson
A summer advertising campaign launched by the Indianapolis Convention & Visitors Association helped produce more visitors and dollars for central Indiana, even though the organization spent less this year marketing the region.
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National, state foreclosure filings fall

November 12, 2009
 IBJ Staff and Associated Press
Indiana foreclosure filings were down only 1.5 percent in October from the previous month, but have fallen a whopping 18.5 percent from October 2008.
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Hill-Rom's fourth quarter profit exceeds expectations

November 12, 2009
 IBJ Staff
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended Sept. 30.
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Vera Bradley gives another $10M to IU cancer center

November 12, 2009
 IBJ Staff
Previous gifts from the foundation to the cancer center have been used to hire 10 researchers working on breast cancer.
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Fortune ekes out another profit on falling revenue

November 12, 2009
Indianapolis-based Fortune Industries Inc. managed a small profit in its latest quarter, its fourth straight profitable quarter, the company announced Thursday morning.
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City program benefits veteran-owned businesses

November 11, 2009
Scott Olson
The city's Veteran Business Enterprise program aims to increase the representation of veteran-owned businesses on city projects—an effort that has generated $217,000 in contracts for such firms so far.
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Duke Realty land auction nets $1M; pricier properties go unsold

November 11, 2009
Cory Schouten
Locally based Duke Realty Corp. netted more than $1 million during a Tuesday auction of surplus development parcels in Indianapolis, Fishers, Plainfield and Lebanon.
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Lilly to pay Utah $24 million to settle Zyprexa suit

November 11, 2009
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic drug Zyprexa.
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Lilly, WellPoint CEOs pin hopes on Senate

November 11, 2009
J.K. Wall
Drugmaker and health insurer bemoan aspects of House health reform bill and hope Senate crafts more industry-friendly bill.
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Losses grow for EnerDel parent, but sales rise

November 11, 2009
 IBJ Staff
New York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
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Voters OK Hamilton Southeastern school-funding tax hike

November 10, 2009
 IBJ Staff
Voters in the Hamilton Southeastern school district on Tuesday overwhelmingly approved a bump to their property taxes to provide the growing system an extra $5.5 million in funding each year for the next seven years.
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Mass Ave fine art gallery G.C. Lucas set to close

November 10, 2009
Kathleen McLaughlin
Greg Lucas will be the second fine art gallery owner in Indianapolis to close shop this year. Lucas announced Tuesday that he will close his gallery at 884 Massachusetts Ave. by year's end.
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Republic Airways adding 800 workers in Milwaukee

November 10, 2009
Chris O'Malley
Locally based Republic Airways Holdings Inc. on Tuesday afternoon said it still might bring jobs to Indianapolis as part of the digestion of its newly acquired Frontier Airlines and Midwest Airlines subsidiaries. But it looks like Milwaukee has wound up as the biggest beneficiary.
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Local man gets 37 months in mortgage-fraud scheme

November 10, 2009
Cory Schouten
A federal judge has ordered an Indianapolis man to serve 37 months in prison and pay $1.7 million in restitution for his role in a massive mortgage fraud scheme.
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CICF lost more than its foundation peers in '08

November 10, 2009
Kathleen McLaughlin
The $491 million Central Indiana Community Foundation has switched investment advisers after the market crash of 2008, a year in which it saw greater losses than many of its peers.
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Tax credit helps boost area home sales 20 percent

November 10, 2009
Scott Olson
A federal tax credit that benefits first-time homebuyers is helping to bring home sales in the nine-county Indianapolis area out of their funk.
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Bargersville wins annexation dispute with Greenwood

November 10, 2009
Kathleen McLaughlin
The Town of Bargersville won a legal dispute Monday that will allow it to annex 739 parcels within three miles of Greenwood's city limits and become the exclusive sewer-service provider in the area.
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Air Force awards Rolls-Royce $8.5 million contract

November 10, 2009
Rolls-Royce Corp. said Monday that the U.S. Air Force has awarded its Indianapolis operations an $8.5 million contract to provide spare engine parts for the C-130J military transport aircraft.
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Adesa parent turns profit on lower revenue

November 10, 2009
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased slightly.
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