News & Analysis

Indiana State Museum chief Dressel abruptly resigns

October 14, 2009
Kathleen McLaughlin
Barry Dressel has resigned as the president and CEO of the Indiana State Museum, the state's Department of Natural Resources confirmed Wednesday afternoon.
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Conseco shares soar on hedge-fund investment

October 14, 2009
J.K. Wall
Shares of Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, in morning trading after New York-based Paulson & Co. agreed to buy $78 million in Conseco stock and $200 million in company bonds.
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City strengthens building-permit process

October 14, 2009
Scott Olson
The pre-permit review could add nearly three weeks to the current permitting process
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Lilly to pay Idaho $13M in drug settlement

October 14, 2009
 IBJ Staff and Associated Press
Idaho is getting $13 million as part of a settlement reached with Indianapolis-based Eli Lilly and Co. over its marketing of anti-psychotic drug Zyprexa.
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Lilly to sell Lafayette plant to German firm

October 14, 2009
J.K. Wall
Nearly 700 workers will be offered severance, new jobs
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CIB improves financial situation with more cuts

October 13, 2009
Scott Olson
The Indianapolis Capital Improvement Board's dire financial situation might be improving enough that it may forego the first installment of a $27 million state loan.
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Conseco to sell shares, bonds to shore up finances

October 13, 2009
J.K. Wall
Hedge fund will control nearly 10 percent of Carmel-based insurer.
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Survey: Manufacturers optimistic about economic recovery

October 13, 2009
Scott Olson
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year, according to an annual survey commissioned by Katz Sapper & Miller LLP.
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O'Malia's closing northside market after 33 years

October 13, 2009
Cory Schouten
The O'Malia's Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
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Indiana Health Information Exchange lands big insurer

October 13, 2009
J.K. Wall
UnitedHealthcare has become the second health insurer to join Quality Health First, a pay-for-performance program operated by the Indiana Health Information Exchange, the exchange announced Tuesday.
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VIDEOS: IBJ panelists examine needs, options for health-care reform

October 13, 2009
J.K. Wall
Presenting five video excerpts from a free-wheeling panel discussion about health-care reform featuring five of the city's top decision-makers. J.K. Wall moderates the IBJ's Power Breakfast, covering tort reform,illegal immigrants, pay models and insurance companies.
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Shopping center vacancies continue to climb

October 12, 2009
Scott Olson
Vacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
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Study: Taxing services could yield state $6.8B

October 12, 2009
Peter Schnitzler
The non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding the state's sales tax to include services.
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Dow AgroSciences ratcheting up biotech effortsRestricted Content

October 10, 2009
Scott Olson
Dow AgroSciences' introduction of a promising new product is helping transform the Indianapolis company as it transitions from a focus on traditional agricultural chemicals to genetically altered seeds. The subsidiary of Michigan-based Dow Chemical Co. partnered with St. Louis-based Monsanto Co. to develop what could become its biggest blockbuster, a genetically modified corn variety it calls SmartStax.
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WellPoint memos show job cuts starting with mid-level execs

October 10, 2009
J.K. Wall
With a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30 middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.
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Securities firm Stifel Nicolaus balks at fraud charge

October 10, 2009
Peter Schnitzler
Transactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds were clients of Jeff Cohen.
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Grocery, housing projects could rejuvenate stretch of 16th Street

October 10, 2009
Cory Schouten
A troubled low-income housing project has a new owner with plans to redevelop the complex to better connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
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Indiana State Museum chief trying to define brand on tight budgetRestricted Content

October 10, 2009
Kathleen McLaughlin
The museum finally has a brand—it bills itself as a “center for science and culture”—but don’t expect a splashy campaign.
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Industrial real estate holding up during downturnRestricted Content

October 10, 2009
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to withstand turbulence better than the office and retail sectors.
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Downtown public art campaign loses fundingRestricted Content

October 10, 2009
Kathleen McLaughlin
The organizations that spearheaded the city’s public art campaign are crippled for a lack of funding. While other public art efforts are under way in Indianapolis, no one organization has the money to commission an exhibit large enough to fill downtown.
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My Health Care Manager lands $3 million investmentRestricted Content

October 10, 2009
Peter Schnitzler
The company, which guides working adults and their parents through the maze of decisions and agencies involved in care for seniors, plans to use the money primarily to augment its sales staff and operations.
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Proposed Fishers medical park faces uncertain demandRestricted Content

October 10, 2009
Scott Olson
The business park would encompass about 900 acres on the town’s northeast side and require rezoning of much of the land, from residential and agriculture to commercial.
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Lucas Oil out to build on Jiffy Lube dealRestricted Content

October 10, 2009
Anthony Schoettle
One year after emblazoning its name on the Indianapolis Colts’ mammoth new home, Lucas Oil Products Inc. has leveraged that sponsorship into a pact with Jiffy Lube that company founder Forrest Lucas thinks will score huge profits for his company.
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Firms line up to find new uses for old airport terminal, other properties

October 10, 2009
Chris O'Malley
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
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Kroger ads in Star grab attention, raise eyebrowsRestricted Content

October 10, 2009
Anthony Schoettle
A new eye-grabbing advertising design in The Indianapolis Star has some wondering where ad content stops and news content begins.
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