News & Analysis

Historic Landmarks returning to headquarters

September 24, 2009
 IBJ Staff
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six months after a fire at a neighboring apartment project displaced the not-for-profit.
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Judge upholds Lilly's Evista patent

September 24, 2009
J.K. Wall
A federal judge in Indianapolis turned back a patent challenge to Eli Lilly and Co.’s drug Evista, the company announced late yesterday.
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Ex-Lampoon exec Dan Laikin admits to stock fraud

September 23, 2009
Greg Andrews
Carmel businessman Dan Laikin pleaded guilty this afternoon to participating in a fraudulent scheme to pump up the stock price of National Lampoon Inc., the Los Angeles-based entertainment company he led.
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Indy Partnership eyes more jobs from Germany

September 23, 2009
Scott Olson
An Indy Partnership official departed for Germany yesterday on a trade mission promoting economic development opportunities in the 10-county Indianapolis area.
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Indy Audio Labs wiring for relaunch of high-end home theater brands

September 23, 2009
Chris O'Malley
Two former Klipsch Group engineers plan to return to the market a brand of amplifiers famous among audio enthusiasts. Indy Audio Labs, owned by Rick Santiago and Ted Moore, bought the Aragon and Acurus brands of amps, pre-amps and sound processors from Klipsch and are planning a 2010 launch.
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Old National prices offering at $10 per share

September 23, 2009
Scott Olson
Evansville-based Old National Bancorp said yesterday that it has priced its public offering of 18 million shares of company stock at $10 per share.
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Lilly Endowment funds OrthoWorx effort with $7 million

September 23, 2009
J.K. Wall
A new group expected to develop the orthopedic implants industry in Warsaw will be able to proceed now that Indianapolis-based Lilly Endowment Inc. is putting $7 million behind it, according to an announcement this morning.
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Lilly agrees to settle more state Zyprexa suits

September 22, 2009
Eli Lilly and Co. has agreed to confidential terms to settle lawsuits brought by seven states alleging the company illegally marketed bestselling antipsychotic drug Zyprexa, Bloomberg News reported today.
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NCAA's CFO named interim president

September 22, 2009
Anthony Schoettle
James L. Isch, the NCAA's long-time chief financial officer, has been named interim president of the association, replacing Myles Brand, who died last week of pancreatic cancer.
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IndyGo ends commuter bus route from Greenwood

September 22, 2009
 IBJ Staff
Due to low ridership, the IndyGo Commuter Express route from Greenwood to downtown Indianapolis will end Dec. 1.
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Irwin Financial files for bankruptcy liquidation

September 21, 2009
Peter Schnitzler
Columbus-based Irwin Financial Corp. has filed for Chapter 7 bankruptcy, setting the stage for the liquidation of the remaining assets of the troubled banking company.
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Indianapolis lands 2013 men's NCAA regional

September 21, 2009
 IBJ Staff and Associated Press
Indianapolis has been selected to host a regional round of the 2013 NCAA men's basketball tournament, the NCAA announced today.
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Mead Johnson plans expansion in Evansville

September 21, 2009
 IBJ Staff and Associated Press
Mead Johnson Nutrition plans to spend nearly $33 million at a southwestern Indiana facility where it plans to start making powdered infant formula products.
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Unfinished federal bailout sealed Irwin's failure

September 21, 2009
Peter Schnitzler
Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
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Fort Wayne lures long-time conventions from Indy

September 21, 2009
 IBJ Staff and Associated Press
Fort Wayne's expanded convention center and a planned downtown hotel are proving attractive to conventions, including at least four events long held in Indianapolis.
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Old National selling stock to fund potential purchases

September 21, 2009
Scott Olson
Evansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public offering and will use some of the proceeds to fund potential acquisitions.
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Comcast rolls out on-demand education offerings

September 21, 2009
 IBJ Staff
Comcast Corp. is making videos seen on the Discovery Education channel available on demand to its Indianapolis-area digital subscribers, the cable television company announced today.
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NASDAQ threatens to delist Emmis stock

September 21, 2009
 IBJ Staff
NASDAQ has notified Emmis Communications Corp. that it is in danger of being delisted if the company's stock doesn't rise above the minimum bid price of $1 per share within the next six months.
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Chamber puts support behind Wishard hospital proposal

September 21, 2009
J.K. Wall
The Greater Indianapolis Chamber of Commerce announced its support for construction of a new Wishard Hospital and promised to take a leadership position to help hospital leaders win voter approval for the project.
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More IU, Purdue projects could move forward

September 19, 2009
Associated Press
More than $130 million in construction projects will get a chance to move forward after being put on hold over a top lawmaker's objections to the schools' tuition increases.
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Anticipated development near stadium isn't materializing

September 19, 2009
Sam Stall
Not long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least to the back of the crisper drawer.
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Developer Broadbent sues banks after they tighten credit line

September 19, 2009
Peter Schnitzler
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re wrongly attempting to restrict its access to a $50 million credit line.
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'Dewatering' system creates space, keeps new Marriott's basement dryRestricted Content

September 19, 2009
Scott Olson
A sprawling network of drainage pipes is designed to keep the underground parking garage of the new JW Marriott hotel dry.
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Slots revenue revives hopes of state's horse breeding industryRestricted Content

September 19, 2009
Kathleen McLaughlin
Purses at Hoosier Park in Anderson and Indiana Downs in Shelbyville have swollen since the two tracks added slot machines in June 2008.
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Lilly revises playbook in effort to score more 'touchdowns'

September 19, 2009
J.K. Wall
The drugmaker has successfully moved experimental drugs into position to win approval by regulators. But only once in the last four years has a new drug actually made it to market—the industry’s equivalent of getting across the goal line.
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  1. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  2. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

  3. Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!

  4. I'm still waiting for the list of available, high quality apartments in the Village.

  5. This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.

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