News & Analysis

Downtown Clarian project expected to create 1,200 jobs

September 1, 2010
Scott Olson
Neurosciences center and administrative building would employ workers with annual salaries ranging from $27,000 for clerical staff to as high as $104,000 for management.
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Local economic espionage case full of intrigue

September 1, 2010
Cory Schouten
The government's allegations read like a spy novel: Dr. Ke-xue "John" Huang lands a job at Indianapolis-based Dow AgroSciences and over five years works himself into a position of trust, with access to trade secrets and processes the company has invested $300 million to develop.
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Partnership gives Angie's List members medical price info

September 1, 2010
J.K. Wall
Angie’s List has partnered with Tennessee-based Healthcare Blue Book to give its members price information before they receive medical care.
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New Jersey fines Carmel company over dangerous toy

September 1, 2010
 IBJ Staff and Associated Press
Indiana Novelty International, which does business as Kipp Brothers, was ordered to pay a $54,300 fine and reimburse the state's investigative costs.
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After health reform, Lilly looking for more

September 1, 2010
J.K. Wall
The health reform debate may have ended in Congress, but Eli Lilly and Co. remains active, sponsoring a talk about the positives of the bill—and calling for further government efforts to help pharmaceutical research and development.
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Purdue adding medical research buildings

September 1, 2010
J.K. Wall
University will spend nearly $70 million to construct health and life science research facilities, including a drug-discovery lab, in West Lafayette.
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Lilly wins ban of generic Strattera pending appeal

August 31, 2010
Bloomberg News
The U.S. Court of Appeals for the Federal Circuit in Washington on Tuesday granted Lilly's request to prevent sales until the court rules on a judge's decision invalidating a patent on the medicine.
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Ex-Dow Agro scientist's espionage indictment unsealed

August 31, 2010
 IBJ Staff
A federal indictment unsealed Tuesday in Indianapolis charged 45-year-old Ke-xue "John" Huang with theft and attempted theft of trade secrets to benefit a foreign government.
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New website pulls together state budget data

August 31, 2010
Associated Press
The state has a new transparency website that pulls together Indiana budget data, spending reports and other financial information that had previously been spread across multiple sites.
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Former Hilbert mansion draws local interest in auction

August 31, 2010
Scott Olson
Sealed-bid auction attracts a half-dozen bids from interested owners that are "more centrally located than you might think," said the listing agent.
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Family of woman killed by falling bottled-water pallets files suit

August 31, 2010
Cory Schouten
The estate of a woman killed when pallets of bottled water fell on her at a Kroger store in Franklin is suing the bottler, suggesting a new eco-friendly bottle design may have contributed to the accident.
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Some states suing feds also claim health subsidies

August 31, 2010
Associated Press
An administration official said Tuesday that seven states, including Indiana, suing the federal government are among 16 already approved for subsidies to help with the health care costs of early retirees.
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Simon sees improving retail conditions, analyst says

August 31, 2010
 IBJ Staff and Bloomberg News
Simon Property Group Inc. said retailers leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the economy improves.
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Property at busy crossroads finally attracts buyer

August 31, 2010
Tom Harton
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult to sell.
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New IU program lets students invest $100,000

August 31, 2010
 IBJ Staff and Associated Press
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity for students.
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Kokomo firm taps state tax credits to make animated film

August 31, 2010
 IBJ Staff
Kokomo-based Bach Morris Technologies Corp. will spend $2.4 million to produce “Whoever Heard of a Herd of Fird?” a movie based on company co-founder Othello Bach’s 1984 best-seller “Whoever Heard of a Fird?” A Ball State University commercial spinoff will provide production and design services.
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Simon Property wraps up $2.3B outlet mall acquisition

August 30, 2010
Associated Press
Under the terms of the deal, Simon paid about $700 million for the owners' interests in Baltimore-based Prime Outlets and assumed $1.55 billion of Prime's debt and preferred stock.
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CIB approves 2011 budget

August 30, 2010
Scott Olson
Including debt obligations, the CIB's total budget for 2011 is expected to be $104.4 million. The City-County Council is set to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
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Indiana report shows drop in medical errors

August 30, 2010
Associated Press
The most common error in the 2009 report was a foreign object such as a sponge left in a patient after surgery.
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Groundbreaking nears for $4.5M apartment project

August 30, 2010
Cory Schouten
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
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UPDATE: Emmis shares slide after firm says deal in peril

August 30, 2010
Scott Olson
A private-equity firm backing Emmis CEO Jeff Smulyan's buyout signed off on a compromise, but then changed its mind.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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Equity firm withdraws support for revised Emmis deal

August 30, 2010
Scott Olson
A Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan's efforts to take Emmis private in real jeopardy. His attempts to sway preferred shareholders already have failed five times.
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City parking agreement to receive first scrutiny

August 30, 2010
Indianapolis' Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
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Delphi plans Kokomo lab as part of $25M project

August 30, 2010
Associated Press
The new engineering lab and a smaller utility building will help consolidate all of Delphi's 1,400 employees in Kokomo.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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