News & Analysis

Simon Property abandons offer for Capital Shopping

January 11, 2011
Bloomberg News
Simon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres Group Plc after the British company resisted Simon’s takeover interest.
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Lilly partner moves up timetable for diabetes drug

January 11, 2011
Bloomberg News
Amylin Pharmaceuticals Inc., rebuffed twice in its bid for U.S. approval of a weekly diabetes drug, will meet its timetable and submit a heart-safety study to regulators by the end of 2011, its CEO said.
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Advocates say most Hoosiers want school changes

January 10, 2011
Associated Press
Advocates met at the Statehouse Monday to push education proposals that have renewed life during this legislative session because of support from Gov. Mitch Daniels and leaders in the GOP-controlled House and Senate.
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Sara Lee to lease 281,000 square feet in Plainfield

January 10, 2011
 IBJ Staff
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
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Bill would let Indiana pharmacies collect old meds

January 10, 2011
Associated Press
A bill authored by Republican Rep. Kevin Mahan of Hartford City would revise state law so that pharmacies could accept unused prescription drugs from customers and dispose of them securely and safely.
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Legislation would allow vote centers in all counties

January 10, 2011
Associated Press
A bill that would allow all 92 Indiana counties to set up centralized voting centers instead of traditional precinct polling places has unanimously cleared a state Senate committee.
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Tiny bank claims Stifel Nicolaus duped it on securities

January 10, 2011
J.K. Wall
The Peoples State Bank of Ellettsville says it was duped three years ago into investing more than $13 million into auction-rate securities just before those markets froze up. Now it's suing its broker, Stifel Nicolaus & Co., to get the money back.
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Closed dental company working to transfer patients

January 10, 2011
Associated Press
Citing cash-flow problems, Allcare Dental and Dentures shut down operations in 14 states, including Indiana, last week.
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Local ad agency wins Scotts account

January 10, 2011
Young & Laramore will coordinate national ad campaigns for the Marysville, Ohio-based Scotts LawnService. With 46 employees, Y&L is the third-largest ad agency in Indianapolis.
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Kokomo plant closure affects 75 workers

January 10, 2011
Kansas City-based Milbank Manufacturing Co. said it will close its Howard County plant sometime between March 8 and March 22. Milbank makes electric meter sockets.
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Lilly's Solpura may lack data to prove effectiveness

January 10, 2011
Bloomberg News
Outside advisers to the FDA will meet Jan. 12 to review whether the drug should be approved for people with pancreas insufficiency caused by cystic fibrosis, chronic pancreatitis or other conditions.
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Duke Energy plans acquisition, new CEO

January 10, 2011
Bloomberg News
Duke Energy Corp. announced Monday an agreement to buy Progress Energy Inc. and put Progress CEO William Johnson in charge of what will be the largest U.S. utility.
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Ratio Architects acquires North Carolina firm

January 10, 2011
Scott Olson
Ratio Architects Inc., the area's fourth-largest architectural firm, has acquired Cherry Huffman Architects in Raleigh, N.C.
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NFL playoffs' first 2 games set ratings milestones

January 9, 2011
Associated Press
The New York Jets' last-second 17-16 victory over the Indianapolis Colts earned the highest rating since the NFL began airing prime-time wild card games in 2002.
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Lawmaker wants homeowners to pay for pond safety

January 9, 2011
Associated Press
An Indiana lawmaker worried about the dangers posed by retention ponds wants nearby homeowners to foot the bill of erecting safety barriers such as guardrails.
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WTHR hires news director

January 8, 2011
 IBJ Staff
Television news veteran Keith Connors will join WTHR-TV Channel 13 as news director Jan. 12, the local station announced Friday.
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Palladium not alone in playing up acoustics

January 8, 2011
Kathleen McLaughlin
The new Center for the Performing Arts in Carmel and other arts organizations are promoting the quality of their venues' acoustics, but does the paying public really care?
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Engineering firm exec started at the bottom

January 8, 2011
Ann Finch
Donna Gadient has risen to the top ranks of engineering firm R.W. Armstrong through hard work, and without a college education.
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Daniels shifts aim to education reform

January 8, 2011
J.K. Wall
Education reform is taking on greater priority after governor incomes misses an ambitious goal of raising Hoosier incomes.
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WGU Indiana provides more access to coursesRestricted Content

January 8, 2011
Scott Olson
Students now can use scholarships to pay Western Governors University tuition.
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Marion, Ind., chain balloons to 620 mobile-phone storesRestricted Content

January 8, 2011
Cory Schouten
The chain’s growth got a boost last year when it landed a deal to operate 164 cellular shops inside HHGregg stores.
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Real estate brokers scrambling for national partnershipsRestricted Content

January 8, 2011
Cory Schouten
Top commercial real estate firms have been playing a name game of late, picking up or dropping national affiliations in a broad realignment of the city’s brokerage business.
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Aprimo sale may usher in 'new wave' of tech dealsRestricted Content

January 8, 2011
Chris O'Malley
Observers say conditions are ripening for more deals like the recent $525 million sale of Aprimo Inc. in the months ahead—not only among IT firms, but also among biotech companies here.
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Chamber props up graduation initiativeRestricted Content

January 8, 2011
J.K. Wall
A cash crunch at its Common Goal education program forced the Greater Indianapolis Chamber of Commerce this month to start covering the program’s bills out of its coffers.
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Convention Center expansion is high-stakes gamble

January 8, 2011
Anthony Schoettle
With the $275 million Indiana Convention Center expansion built and set to open Jan. 20, one major question remains: Will enough conventions, trade shows and corporate meetings come here to make the big-dollar investment pay off?
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