News & Analysis

Parking rates could double under city plan

August 11, 2010
Scott Olson
City leaders expect to select a manager to oversee parking operations within the next week.
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Cincinnati Bell chooses Carmel for subsidiary's headquarters

August 11, 2010
Scott Olson
Evolve, which offers bundled voice and data services to commercial customers, will start with 100 employees in Carmel and plans to add more.
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Auto parts plant leaving Ohio for Indiana, may employ 350

August 11, 2010
Associated Press
Continental Structural Plastics expects to spend at least $9.1 million on upgrades to the Huntington factory and perhaps have 350 workers working there by 2012.
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Area home sales slide again

August 11, 2010
July's 27-percent decline marked the third straight month that home sales have slumped in central Indiana following three straight months of improving sales spurred by generous federal tax credits.
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Roche hit with new breed of patent suit

August 11, 2010
J.K. Wall
Roche Diagnostics, a Swiss company that keeps its U.S. headquarters in Indianapolis, has been sued for marking its Accu-Chek blood glucose monitors and accessories with patents that are expired. Illinois resident David O’Neill has sued on behalf of the U.S. government to recover damages of $500 per infraction.
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For Lilly, it's a big one that got away

August 11, 2010
J.K. Wall
An experimental medicine for hepatitis C that Lilly helped identify and develop is now on the cusp of market approval, with analysts predicting as much as $2 billion in annual U.S. sales.
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Noble Roman's quarterly profit, revenue slips

August 11, 2010
 IBJ Staff
Noble Roman’s Inc. profit and revenue slipped in the second quarter as fewer of its traditional Noble’s Pizza and Tuscano’s Italian Style Subs stores were operating.
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Judge refuses to unseal Fair Finance search warrants

August 10, 2010
Greg Andrews
Judge Sara Lioi ruled the right of access to search warrant records connected with an ongoing investigation is “not absolute” and not justified in this case.
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Judge to order mediation in Simon estate dispute

August 10, 2010
Cory Schouten
Hamilton County Judge William J. Hughes said it's clear that all the parties involved in a series of disputes surrounding late mall billionaire Melvin Simon's estate need to "sit across the table from each other and try to work things out."
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Remy to supply motors for all-electric Equinox

August 10, 2010
Chris O'Malley
Remy International on Tuesday signed a contract with Cincinnati-based Advanced Mechanical Products Inc. to supply motors for an all-electric version of the Chevrolet Equinox.
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Shuttered school finding new life as community center

August 10, 2010
Joe Jasinski
Two years after Indianapolis Public Schools closed School 37, a multimillion-dollar redevelopment project is set to breath new life into a building that served the Martindale-Brightwood community for 81 years.
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Productivity falls for first time since 2008

August 10, 2010
Associated Press
Worker productivity declined at an annual rate of 0.9 percent in the April-to-June quarter after posting large gains throughout 2009, the Labor Department said Tuesday.
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Steak n Shake parent postpones meeting amid pay uproar

August 10, 2010
Scott Olson
San Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company time to address "misinformation" regarding its CEO's controversial pay package.
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Lawsuit claims builder broke handicapped rights

August 10, 2010
Associated Press
The suit against SC Bodner Co. says 16 Bodner properties in eight states violate the Fair Housing Act.
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Murphy aims to make Louisville firm big local player

August 10, 2010
 IBJ Staff
The longtime state representative is merging his communications firm into Louisville-based Peritus, which has offices in five states.
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Girl Scouts selling Zionsville tract, three others

August 10, 2010
Tom Harton
The decision by Girl Scouts to divest the camps follows a consolidation among Girl Scouts councils nationwide in 2007 that left the local council with a much bigger service area and more real estate.
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Indiana counselor 'deeply concerned' about Duke plant

August 9, 2010
Associated Press
Indiana Utility Consumer Counselor David Stippler's comments came four months after Duke Energy revealed the cost of its southwestern Indiana plant had grown to nearly $2.9 billion, or about twice the project's original 2007 estimate.
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WellPoint boosts debt offering to $1 billion

August 9, 2010
Bloomberg News
Proceeds from the sale will be used for working capital and general corporate purposes, including debt repayment, the company said in a prospectus.
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Simon Property plans debt sale to fund tender offer

August 9, 2010
Bloomberg News
Simon Property Group Inc., the largest U.S. shopping-mall owner, plans to sell $750 million of notes to fund a tender offer for outstanding debt for the second time this year.
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Counties brace for big tax losses next year

August 9, 2010
 IBJ Staff and Associated Press
Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year. Marion and Hamilton counties will suffer major reductions in distributions.
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Court defeat lost in Lilly's gloomy long-term outlook

August 9, 2010
J.K. Wall
Eli Lilly and Co.'s loss of a patent on one of its blockbuster drugs in court late last month received a collective yawn from investors, who have shunned the stock because of five looming patent expirations.
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Arcadia sees smaller loss, extends WellPoint pact

August 9, 2010
 IBJ Staff
Indianapolis-based health care firm reaches agreement to offer its DailyMed product to more WellPoint Inc. health plan members.
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Daniels: Stimulus should focus on companies, not states

August 9, 2010
Bloomberg News
Indiana Gov. Mitch Daniels said he opposes more stimulus such as aid to states to keep teachers hired and to expand credit to small business, while favoring incentives to revive private hiring and investment.
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Noblesville's Sagamore golf club emerges from the rough

August 7, 2010
Anthony Schoettle
The once ballyhooed Jack Nicklaus-designed course near State Road 37 and 166th Street was perilously near bankruptcy just a year ago.
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E-mails show how David Simon faced financial crisisRestricted Content

August 7, 2010
Cory Schouten
The first few months of 2009 were not an easy time to be CEO of Simon Property Group Inc. David Simon was feeling pressure from shareholders, lenders, employees and family members.
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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

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