News & Analysis

Hybrid-motor sales help boost Remy's quarterly results

August 17, 2010
Pendleton-based company reported both higher profit and revenue, helped by a 20-percent increase in hybrid-motor sales.
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Lilly's Cymbalta helps chronic pain in U.S. review

August 17, 2010
Bloomberg News
Approval for the millions of Americans with chronic back or knee pain may add more than $500 million, or 16 percent, to Cymbalta's annual sales.
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Lilly halts development of Alzheimer's drug

August 17, 2010
 IBJ Staff and Associated Press
Studies showed that the treatment did not slow the disease's progression. It's just the latest setback for the pharmaceutical giant, which lost a patent lawsuit over a major drug last week and faces an unprecedented number of patent expirations through 2014.
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Greenwood businessman arrested for plan to commit arson

August 16, 2010
The arrest of Daniel Annee, 46, follows an investigation in which he is alleged to have paid an undercover agent, posing as an arsonist, $500 to burn down a building he co-owned at 431 E. Hanna Ave.
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Ivy Tech renews president's contract

August 16, 2010
Scott Olson
Thomas Snyder is set to lead the nation's largest singly accredited statewide community college through at least 2014. His annual salary of $300,000 remains unchanged.
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Economic development officials stunned by GM plant no-vote

August 16, 2010
Kathleen McLaughlin
Indiana Commerce Secretary Mitch Roob said he was completely surprised by local General Motors workers' refusal to vote on a proposed contract by JD Norman Industries, a decision that appears to set up the plant for certain closure.
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Medco to acquire United BioSource for $710M

August 16, 2010
 IBJ Staff and Bloomberg News
Medco operates an automated pharmacy and distribution center in Whitestown in Boone County, and it plans to employ more than 1,400 people there by 2012.
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Steak n Shake parent sees profit, revenue rise

August 16, 2010
Scott Olson
Biglari Holdings Inc. said revenue in the quarter rose 9.4 percent over the year-ago period and same-store sales increased by 7.5 percent
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ITT, other for-profit education firms face more oversight

August 15, 2010
Bloomberg News
Shares in ITT Educational Services Inc., based in Carmel, declined 13 percent Monday morning, to $56.02 each, after being downgraded
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UAW halts vote on giveback deal at Indy GM plant

August 15, 2010
Associated Press
UAW Local 23 bargaining chairman Gregory Clark says members won't vote on the proposed contract, which would cut base wages from $29 per hour to $15.50.
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New Jersey project enriched Simons

August 14, 2010
Cory Schouten
The battle over the estate of Melvin Simon has thrown a spotlight on a New Jersey development project that, by itself, has made many Simon family members multi-millionaires.
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Lilly braces for plunge in profits

August 14, 2010
J.K. Wall
Indianapolis-based drugmaker Eli Lilly and Co. faces such an unprecedented string of patent expirations and an unheard-of loss of revenue that it's hard to picture what the company will look like in five years.
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Battery-maker EnerDel eyes utility power-storage marketRestricted Content

August 14, 2010
Chris O'Malley
Locally based EnerDel Inc. has been riding high on prospects its lithium-ion batteries will be in hot demand to power plug-in electric vehicles, but another market might be larger. A Piper Jaffray report estimates the global market for batteries used to store electricity on utility power grids could be $600 billion over 10 years.
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Unsettled NFL labor pact complicates Manning contract

August 14, 2010
Anthony Schoettle
Colts owner Jim Irsay wants to make quarterback Peyton Manning the highest-paid player in the NFL when his contract expires next year. But a dispute over compensation in the National Football League is complicating efforts to sign him to a long-term deal.
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Life sciences panel pegs bright spots in IndianaRestricted Content

August 14, 2010
Leaders tackle issues ranging from research to cold storage to the future of Eli Lilly and Co.
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Indiana life sciences group moves aheadRestricted Content

August 14, 2010
Scott Olson
INpact not-for-profit arranged virtual approach to help startup firm develop device to detect tooth cavities early.
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WellPoint, other health insurers race to join accountable care groupsRestricted Content

August 14, 2010
J.K. Wall
The health care industry is responding to reforms that will pay doctors bonuses if they provide high-quality care and save Medicare money.
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Bedsore preventer turns to detectionRestricted Content

August 14, 2010
Chris O'Malley
Changes in reimbursement could fuel market for WoundVision's product.
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Museums struggle to capture foot traffic from busy Central Canal

August 14, 2010
Kathleen McLaughlin
Summer on the Central Canal is like a beachfront boardwalk, teeming with life. People push strollers, hold hands and walk their dogs. There are boats and bikes and Segways for rent. And four museums are steps away from the water. Yet most of them capture few of the passersby.
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MZD Advertising expands with franchising divisionRestricted Content

August 14, 2010
Anthony Schoettle
MZD Advertising is stepping outside the realm of traditional agency work to grow its revenue stream. In the process, it’s attempting to bring a new form of auto racing to Indianapolis.
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Smulyan still lacks support to take Emmis private

August 13, 2010
Anthony Schoettle
Emmis has again delayed a shareholder vote to take the company off the public market. A new meeting is set for Aug. 20.
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Cash options floated for workers at GM stamping plant

August 13, 2010
Kathleen McLaughlin
Fliers circulating at General Motors' Indianapolis plant show that union members will be offered cash payments of $25,000 to $35,000 and an opportunity to keep a foot in the door with GM, if they agree to work for JD Norman Industries.
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Tim Durham closes New Castle restaurant

August 13, 2010
Greg Andrews
A sign on the door of Durhams Ristorante says the moderately priced Italian eatery will be "closed until further notice."
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After another loss, JA plans for recovery

August 13, 2010
Kathleen McLaughlin
The not-for-profit hangs its hopes on efforts including more aggressive fundraising after reporting a $389,000 deficit for its 2010 fiscal year. "It's been a rough spell," said CEO Jennifer Burk.
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Will third time be a charm for Emmis?

August 13, 2010
Scott Olson
Emmis shareholders are set to vote again Friday night on taking the company private, but the proposal could be in jeopardy if a deal is not reached soon, says one investment expert.
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