News & Analysis

Cat Logistics to lay off 84 in Greenfield

January 26, 2011
 IBJ Staff
Caterpillar Logistics Inc. plans to permanently lay off 84 employees from a facility in Greenfield, where it handles distribution services for Irwin Industrial Tools.
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Life sciences to drive Purdue's next decade of building

January 26, 2011
J.K. Wall
Over the past 10 years, Purdue University has built Discovery Park into a thriving research and business incubation center, launching more than 30 companies and hosting dozens more. Now Purdue will spend more than $164 million to construct a Life and Health Sciences Quadrangle next to Discovery Park.
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Q&A

January 26, 2011
J.K. Wall
Chris Sears is a health care and employee-benefits attorney at Ice Miller LLP in Indianapolis. He spoke about how employers are sizing up health insurance reforms that hit in 2014, which would set up government-subsidized insurance as a new option for workers but also would penalize most employers if they stop sponsoring employee health benefits.
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Lilly product gets boost; Wall Street yawns

January 26, 2011
J.K. Wall
Eli Lilly and Co. probably will get approval for its newly acquired imaging agent used to diagnose Alzheimer’s disease, but so far analysts are unimpressed.
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WellPoint profit better than analyst estimates

January 26, 2011
Bloomberg News, J.K. Wall
Excluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
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Cummins sells exhaust business to Global Tube

January 25, 2011
Associated Press
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
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State senator: Should Indiana legalize marijuana?

January 25, 2011
Associated Press
Sen. Karen Tallian, D- Portage, is sponsoring a bill that would direct the criminal law and sentencing study committee to examine Indiana's marijuana laws next summer and come up with recommendations.
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Illinois governor responds as states try to poach jobs

January 25, 2011
Associated Press
Gov. Pat Quinn has a message for New Jersey Gov. Chris Christie and officials from other states trying to lure jobs from Illinois: Back off.
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Indiana House OKs bill to ban texting while driving

January 25, 2011
Associated Press
Indiana drivers would not be allowed to send or read text messages on mobile phones under legislation that cleared the Indiana House on Tuesday.
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Celadon sees quarterly rise in profit, revenue

January 25, 2011
 IBJ Staff
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
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Committee explores ways to reduce government

January 25, 2011
Francesca Jarosz
Charging not-for-profits for government services, eliminating certain paper records and trimming how much counties pay to mental-health institutions are among the ways local officials say the cost of government could be reduced.
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Auction of superhero memorabilia nets $70,000

January 25, 2011
Scott Olson
The mementos were owned by Fishers collector Dane Nash, who operated the American Super Heroes Museum downtown.
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Ritter’s Frozen Custard franchisees reopening stores

January 25, 2011
Scott Olson
As a new owner revamps the Ritter's business plan, at least four of the frozen custard stands in the area have either opened or are set to reopen in the same locations where they previously operated.
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State’s unemployment rate declines to 9.5 percent

January 25, 2011
The decline marks the third straight month that Indiana's unemployment rate has fallen, but private-sector jobs actually dropped in December.
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Brenwick turns over commercial sales, leasing at Village of West Clay

January 25, 2011
Tom Harton
Ambrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade, took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
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Head of Lilly's oncology unit resigning

January 25, 2011
John H. Johnson has been hired as CEO by East Brunswick, N.J.-based biotechnology company Savient Pharmaceuticals Inc.
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Remy International considering stock offering, CEO says

January 24, 2011
Bloomberg News
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
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State lawmakers to take on unemployment insurance

January 24, 2011
Associated Press
Businesses with a history of laying off employees would pay more in unemployment insurance costs, and workers in industries where layoffs occur regularly would receive lower benefits under a bill Indiana lawmakers are preparing to take up.
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City offers another parks facility for lease

January 24, 2011
Francesca Jarosz
Indy Parks & Recreation officials on Monday issued a request for proposals from entities interested in leasing the Riverside Marina facility near 30th Street and White River Parkway.
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Mayor OKs school for students with learning disabilities

January 24, 2011
J.K. Wall
If approved by the City-County Council, the new Damar Charter Academy would open later this fall. It would specialize in students with significant cognitive, behavioral or developmental challenges, including those on the autism spectrum.
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Vanderbilt rejected by high court on Cialis patents

January 24, 2011
Bloomberg News
Supreme Court justices on Monday left intact a ruling throwing out a lawsuit pressed by the Nashville, Tenn., university against Eli Lilly's Icos subsidiary.
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Zionsville retirement village plans $32 million expansion

January 24, 2011
 IBJ Staff
Hoosier Village Retirement Center in Zionsville announced plans Monday morning for a $32 million project that will expand its campus and allow the center to add 50 full-time workers.
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Some big bills on back burner in Indiana Legislature

January 23, 2011
Associated Press
Three weeks into Indiana's legislative session, Republican House Speaker Brian Bosma is touting the hard work being done on major issues. Democratic House Minority Leader Patrick Bauer contends the session is off to a slow start.
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Durham car collection fetches $2.2M

January 22, 2011
Greg Andrews
A 1929 Duesenberg once driven by Elvis Presley garnered the largest price—$1.237 million.
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Unions looking to make Hoosier comebackRestricted Content

January 22, 2011
Kathleen McLaughlin
Indiana could be on the front line in the United Auto Workers’ campaign to unionize foreign-owned plants.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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