News & Analysis

Contract pharmaceutical research firm expands to New JerseyRestricted Content

July 10, 2010
J.K. Wall
Concentrics grows in spite of recession as drug companies look for help to handle patent expirations
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Challenging job market trips up new attorneysRestricted Content

July 10, 2010
Michael W. Hoskins
It’s a tough time to be starting in the profession when established lawyers struggle to keep up their practices and client lists.
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Hospitals see dip in charity care after 2008

July 10, 2010
J.K. Wall
Unemployment in Indiana has moderated slightly, but more than 313,000 Hoosiers remain out of work. And with attempts to extend benefits for the jobless stalled in Congress, it’s likely more people will struggle to pay medical bills.
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Ad firm unit studies impact of social media on movie biz

July 10, 2010
Anthony Schoettle
At a time many local advertising agencies are struggling, one firm is growing with an unusual new division aimed at measuring the effects of social media on movies and actors. Bradley and Montgomery late last summer launched Fizziology as a stand-alone enterprise.
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Startup shoots for better Craigslist

July 10, 2010
Chris O'Malley
Zankit, on online classified ad firm that thinks it has a better solution than Craigslist, was hatched only last month and plans a late-July launch. It’s the product of six strangers who met at Indianapolis Startup Weekend just last month.
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Diagnostics division to help Lilly tailor treatmentsRestricted Content

July 10, 2010
J.K. Wall
Eli Lilly and Co. is launching a diagnostics division to produce tests that can winnow out the patients most likely to benefit from a Lilly drug.
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Trustee sues real estate exec for $115M

July 10, 2010
Cory Schouten
The founder of an Indianapolis real estate firm is accused of preying on longtime friends to help a Miami man perpetrate a $900 million Ponzi scheme. Sydney “Jack” Williams persuaded more than a dozen Indiana investors to lend millions of dollars at high interest rates to a food brokerage firm called Capitol Investments USA Inc.
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Baseball complex could bring area near coke plant back to life

July 10, 2010
Anthony Schoettle
A plan to build a 28-acre sports complex on the southeast side is sparking hopes that a polluted parcel across the street that formerly housed a Citizens coke plant can be revived as a retail and industrial center.
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Purdue board OKs building 3rd luxury dorm tower

July 9, 2010
Associated Press
The board on Friday approved a $20.6 million construction contact for the First Street Towers project.
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Cummins to expand Seymour plant, add 200 jobs

July 9, 2010
Kathleen McLaughlin
Cummins said it will invest $100 million in the Seymour plant as it rolls out a new, larger-displacement engine.
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WFBQ parent axes 'Bob & Tom' producer

July 9, 2010
Scott Olson
Programming executive and producer Marty Bender was let go from the popular radio show in apparent budget-cutting move.
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City receives $4.9 million for homeless initiatives

July 9, 2010
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment complex on the east side.
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INSIDE DISH: Tulip Noir owner learns as she goes

July 9, 2010
Mason King
TulipNoir Watch VideoDina Romay-Sipe, a designer turned novice restaurateur, cooked up Tulip Noir from scratch. Good advice along the way: Stick to your budget, pay your bills, and get it in writing.
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New Jersey names Indiana's Walsh to head investment division

July 8, 2010
 IBJ Staff and Bloomberg News
Timothy Walsh will take over a $68 billion pension fund, eight times larger than the $8.5 billion Indiana State Teachers Retirement Fund he headed since 2008.
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Regenstrief names new CEO

July 8, 2010
J.K. Wall
Dr. Bill Tierney will replace Dr. Tom Inui on Oct. 1 at helm of Indianapolis-based medical research organization.
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Sales-prospecting firm expects to triple employment in 2010

July 8, 2010
Peter Schnitzler
Locally based consultancy LeadJen had 20 employees in January. Halfway through the year, the company already has hired 20 more, and President Jenny Vance expects to add another 20 over the next six months.
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Super Bowl Host Committee beefs up its staff

July 8, 2010
Three of the six additions are executives on loan from the Indiana Sports Corp. and the Indianapolis Convention & Visitors Association.
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Secondary lender sues Chase over fire sale

July 8, 2010
Kathleen McLaughlin
Indiana Community Business Credit Corp. alleges breach of contract after JP Morgan Chase auctioned off assets of American Sentry Guard of Greenwood.
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Westfield's proposed Symphony development under review

July 8, 2010
 IBJ Staff and Associated Press
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include thousands of homes, shops, a YMCA and a baseball stadium.
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Canadian chip maker locating U.S. HQ in Fort Wayne

July 8, 2010
Saratoga Potato Chips plans to create 175 jobs in the northeastern Indiana city by 2013 and will begin hiring later this year.
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Ex-owner of cemeteries gets prison time

July 8, 2010
Associated Press
Robert Nelms, ex-owner of cemeteries in four states, including Indiana, has been sentenced to between 32 months and 10 years in prison for embezzling $4.2 million from a Grand Rapids cemetery.
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Harlan Bakeries planning $9.7M expansion

July 7, 2010
Kathleen McLaughlin
Harlan Bakeries plans to expand its Georgetown Road production facility by 65,000 square feet to make a new line of products—creating 43 jobs in the process.
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Medical device firm eyeing Indianapolis growth

July 7, 2010
Greatbatch Medical wants to expand its facility on the east side of Indianapolis to accommodate its entrance into the orthopedics market. The New York-based company specializes in cardiovascular products.
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LEADING QUESTIONS: Telamon CEO adopts unorthodox style

July 7, 2010
Mason King
LQ Chen Watch VideoAlbert Chen, founder of Telamon Corp., revels in a messy desk, espouses the benefits of humility, and admires Warren Buffett.
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Taco trio takes unusual road to entrepreneurship

July 7, 2010
Scott Olson
Former soldier, disc jockey and nurse get off to a fast start selling hand-held food from a mobile unit.
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