News & Analysis

Council tables smoking ban

October 26, 2009
Brock Benefiel
Efforts to broaden Indianapolis' workplace smoking ban came up short Monday night as members of the City-County Council voted to table the proposal. The ordinance would have prohibited patrons from lighting up in bars, bowling alleys and nightclubs, expanding an existing law that prohibits smoking in most public places, including restaurants that serve minors.
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Lilly to move 1,000 from Faris campus

October 26, 2009
J.K. Wall
As it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees to its corporate center by mid-2010.
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Indy Chamber of Commerce endorses smoking ban

October 26, 2009
Cory Schouten
The Indianapolis Chamber of Commerce is throwing its weight behind a tougher workplace smoking ban up for consideration tonight by the City-County Council.
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Hendricks County offers land for hotel development

October 26, 2009
 IBJ Staff
The Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.
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Old National reports earnings well below expectations

October 26, 2009
 IBJ Staff
Evansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted share, missing consensus analyst expectations by about 5 cents per share.
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Lilly Endowment gives $10M to improve charities' facilities

October 26, 2009
Kathleen McLaughlin
Lilly Endowment will give United Way of Central Indiana $10 million to replenish its capital improvement program, which helps not-for-profit agencies repair and upgrade their buildings.
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Emmis stock closes at $1.53, avoids delisting

October 26, 2009
 IBJ Staff
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished trading above $1—preserving the company's listing on the NASDAQ stock exchange.
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I-465 bridge in Indianapolis reopens after blast

October 25, 2009
Associated Press
The left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed through midweek as crews continue repair work.
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Related-party loans pile up at Durham-owned finance firm

October 24, 2009
Greg Andrews
Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven years ago, and now he, his partners and related firms owe it more than $168 million, records show.
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Opportunists hunt deals in commercial real estate

October 24, 2009
Cory Schouten
Just about every player in the real estate business—whether individual investor, private-equity fund or publicly traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial property.
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Indiana insurance industry weathers hard times

October 24, 2009
J.K. Wall
Employment in Indiana's insurance industry has remained stable despite a poor economy.
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Public transportation entities in Indianapolis region might be reorganizedRestricted Content

October 24, 2009
Chris O'Malley
The Central Indiana Regional Transportation Authority, IndyGo and other Indianapolis-area transit groups are the subject of a study that could result in them being reorganized.
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Gas City dealer offers electric versions of Cadillacs, HummersRestricted Content

October 24, 2009
Chris O'Malley
Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana, Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s electric vehicle sales are up 35 percent over the same month last year.
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Debt collectors try soft approach

October 24, 2009
Peter Schnitzler
Recession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.
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WTHR, WISH in dog fight for 11 p.m. news ratingsRestricted Content

October 24, 2009
Anthony Schoettle
The disappointing debut of “The Jay Leno Show” at 10 p.m. on NBC has hammered ratings for the 11 p.m. newscast of local affiliate WTHR-TV Channel 13, cutting its average audience by nearly half. But the Indianapolis NBC affiliate says it will rebound in the fight with its CBS rival because the Leno show has fresh programming year around.
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Circle City Classic must boost attendance, sponsorship revenue to surviveRestricted Content

October 24, 2009
Anthony Schoettle
Dramatic decreases in sponsorship and ticket revenue this year and the recent resignation of the Circle City Classic’s new executive director have some questioning if the event can survive. Now Classic leaders are considering a bevy of bold changes.
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Goodwill executive to lead national health care boardRestricted Content

October 24, 2009
Scott Olson
Goodwill Industries executive Keith Reissaus has been tapped to run Washington, D.C.-based Leapfrog Group, an industry coalition. Reissaus gained control of health care costs by giving employees incentives to care about their health.
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Haunted houses avoid recessionary letdown because they offer escapeRestricted Content

October 24, 2009
Cory Schouten
Even in bad times people want to be entertained.” Nationwide, roughly 2,000 haunted houses, hayrides and other attractions rake in $1 billion annually of the $7 billion consumers spend on Halloween, according to St. Louis-based trade group Hauntworld Inc.
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Lilly needs to sell more Effient before Zyprexa loses patent protectionRestricted Content

October 24, 2009
J.K. Wall
Sales of Eli Lilly and Co.’s newest drug were an afterthought during its Oct. 21 report on third-quarter earnings. The blood thinner Effient totaled up $22.6 million in sales—a mere 0.4 percent of Lilly’s total for the quarter.
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Food banks try to stock more fruits and vegetables

October 24, 2009
Kathleen McLaughlin
Many hunger-relief charities area trying to get their hands on more fresh produce. It’s not an easy task. Second-rate and leftover fruit and vegetables abound, but the distribution network is fragmented.
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Landmarks Foundation president is living with history

October 24, 2009
Katie Maurer
As president of the Historic Landmarks Foundation of Indiana, Marsh Davis is surrounded by history every time he goes to work. It also greets him when he comes home. Davis and his family live in a 100-year-old Prairie-style, Meridian-Kessler Neighborhood home that they have filled with Mission furniture, family heirlooms and quirky artifacts.
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Lilly settles Zyprexa case with S. Carolina for $45M

October 23, 2009
 IBJ Staff and Associated Press
South Carolina Attorney General Henry McMaster said Friday that the state has reached a $45 million settlement with drug maker Eli Lilly and Co. over the company's marketing of an anti-psychotic drug.
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Stretch of I-465 westbound reopens, several ramps still closed

October 23, 2009
The westbound lane of Interstate 465 reopened Friday afternoon on the city's northeast side following the tanker explosion Thursday that closed parts of the expressway in both directions.
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Bankruptcies, store closings help Halloween shops scare up space

October 23, 2009
Scott Olson
Like zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are groaning with activity.
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Steak n Shake nearer to merger with steak chain

October 23, 2009
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders a $15.9 million stock dividend, making the total deal worth about $38.8 million.
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  1. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  2. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  3. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  4. First off, it's "moron," not "moran." 2nd, YOU don't get to vote on someone else's rights and freedoms that are guaranteed by the US Constitution. That's why this is not a state's rights issue...putting something like this to vote by, well, people like you who are quite clearly intellectually challenged isn't necessary since the 14th amendment has already decided the issue. Which is why Indiana's effort is a wasted one and a waste of money...and will be overturned just like this has in every other state.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

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