News & Analysis

More cash-strapped workers dipping into 401(k) accounts

August 20, 2010
Associated Press
A record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts reached a 10-year high, according to Fidelity Investments.
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Lilly gains panel's backing to expand Cymbalta use

August 19, 2010
Bloomberg News
Outside advisers to the Food and Drug Administration voted 8-6 Thursday in favor of a broader use of Cymbalta on the basis of studies in lower back pain and osteoarthritis of the knee.
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Lilly wins temporary ban on sales of Strattera copies

August 19, 2010
Bloomberg News
The invalidation of Lilly's Strattera patent opened the door for as many as 10 companies to sell generic versions of the drug, which generated U.S. sales of $445.6 million last year as a treatment for attention deficit hyperactivity disorder.
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City lands $13.8M more than expected from water deal

August 19, 2010
Chris O'Malley
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and sidewalk projects.
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New NCAA boss wants to change NBA draft rules

August 19, 2010
Anthony Schoettle
After overhauling the NCAA's executive staff, Mark Emmert sets his sights on talks with National Basketball Association officials about adopting a pro-eligibility policy that would keep players in school through their junior years.
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Hamilton County woman pleads guilty to securities fraud

August 19, 2010
Dorothy Geisler-Tragardh, who had been a partner in a clean-coal energy company called Praxis Resource Partners LLC, was accused of running a stock-sale scheme in which she took nearly $2 million from investors.
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Bank On Indy initiative nearing first-year goal

August 19, 2010
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
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IT firm approved for tax breaks on $29 million project

August 19, 2010
Lightbound LLC plans to construct 50,000-square-foot data center near Kentucky Avenue on the city's southwest side. The abatement should save the company $2.5 million.
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Company expanding solar unit, plans to add 120 jobs

August 19, 2010
Fort Recovery Construction & Equipment in Portland plans to invest $1.9 million to accommodate research, development and production of solar thermal collector panels.
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Music for All summer camp moving to Ball State

August 19, 2010
Associated Press
The Music for All Summer Symposium will bring about 1,600 students and teachers to campus June 18-25, 2011. Ball State is to host the camp at least through 2015.
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JD Norman boss stumps for UAW to reconsider contract

August 18, 2010
Kathleen McLaughlin
The owner of Illinois-based JD Norman Industries came to Indianapolis to make a personal plea for United Auto Workers Local 23 to allow a vote on his proposed five-year contract.
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Colts camp draws record crowd by wide margin

August 18, 2010
Anthony Schoettle
Almost four times as many fans showed up at the Indianapolis Colts' training camp at Anderson University than did last year in Terre Haute.
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LEADING QUESTIONS: Arts groups strive to keep lean

August 18, 2010
Mason King
LQ_Lawrence_watch videoAwaiting the 2011 city budget, Arts Council of Indianapolis' Dave Lawrence discusses his transition to CEO and lessons learned as arts funding grows scarce.
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Cancer drug developer Endocyte files for IPO

August 18, 2010
Scott Olson
The company, headquartered at Purdue Research Park, said the number of shares to be offered and their price range have yet to be determined.
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Lilly Alzheimer's drug prospect only the latest to fail

August 18, 2010
Bloomberg News
A dozen potential products designed to slow or stop clumps of protein from forming in the brain, a condition linked to the disease since 1906, have failed in mid- to late-stage testing since 2003.
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Vonnegut memorial library to open this fall in Indianapolis

August 18, 2010
Associated Press
The Kurt Vonnegut Memorial Library scheduled to open this fall in downtown Indianapolis will be part library and part museum.
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Expanding hospitals target Bloomington

August 18, 2010
J.K. Wall
Monroe Hospital in Bloomington is the latest target in the statewide buildup by hospital systems. St. Vincent Health, St. Francis and at least one other system have all had talks in the past month with Monroe.
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Q&A

August 18, 2010
J.K. Wall
Dr. Kevin Macadaeg, vice president of the Indiana Spine Group, talked about his physician group's decision to build a 60,000-square-foot medical office and "bioskills" lab in Carmel next year, as well as the group's commitment to grow independently in the face of pressures from hospital acquisitions and health reform.
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Bad news piles up for Lilly

August 18, 2010
J.K. Wall
What a tough week for Lilly. On Aug. 12, a judge struck down the Indianapolis-based drugmaker’s U.S. patent on Strattera, which might cost the company about $450 million in annual revenue. Then, five days later, Lilly halted clinical trials on one of its experimental Alzheimer’s medicines, because patients did worse on the drug than on a placebo.
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Nearly 7,000 Indiana homes weatherized with federal money

August 17, 2010
Associated Press
Indiana is now the 18th state to complete 30 percent of its goal, by retrofitting about 20,000 homes to make them more energy efficient.
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Attorney General files suit against local publisher

August 17, 2010
Attorney General accuses David Caswell and New Century Publishing of violating state consumer protection laws by accepting payment without providing publishing services. IBJ reported July 30 that several authors had paid New Century for books but never received them.
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Big Ten seeking $20 million in TV money for football title game

August 17, 2010
Anthony Schoettle
Big Ten officials want nearly twice as much money as the Southeastern Conference is getting from CBS for its championship football game.
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Visteon ordered to reinstate health care to retirees

August 17, 2010
Bloomberg News
The mandate from a U.S. bankruptcy judge will supply retroactive benefits to more than 6,000 Visteon Corp. retirees who lost insurance coverage after the Michigan-based auto-parts maker filed for bankruptcy in 2009, including 2,100 workers in Indiana.
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Prospective GM plant buyer pleads case in advertisement

August 17, 2010
JD Norman Industries advertisement tells employees that its proposal to buy the plant would guarantee their GM transfer rights without having to close the facility.
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Summit Realty pursues downtown building for HQ

August 17, 2010
Scott Olson
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
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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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