News & Analysis

Mays named to Indiana Utility Regulatory Commission

February 17, 2010
Associated Press
Gov. Mitch Daniels has appointed former Democratic state Rep. Carolene Mays of Indianapolis to the Indiana Utility Regulatory Commission.
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WellPoint, insurance commissioner get earful from lawmakers

February 17, 2010
J.K. Wall
State House insurance committee chair grills executives about WellPoint's 21-percent premium increase for individual policyholders in Indiana.
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Cultural Trail snags $20.5 million stimulus boost

February 17, 2010
Scott Olson
The funds will be used for construction on the remaining 4.5 miles of the $62.5 million project, officials announced Wednesday.
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Bioanalytical Systems reports quarterly loss

February 17, 2010
Bioanalytical Systems Inc., a West Lafayette-based life sciences contract research firm, on Wednesday reported a loss of $1.4 million for its fiscal first quarter.
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Indiana part of national medical school surge

February 17, 2010
J.K. Wall
Marian University's planned medical school is one of two dozen nationally, but budget cuts are forcing Indiana University to retreat on enrollment expansion.
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WellPoint hits bottom with customers

February 17, 2010
J.K. Wall
Even before WellPoint dissatisfied President Obama over its rate increases in California, it wasn't doing so hot satisfying its actual customers, according to the American Customer Satisfaction Index.
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Carmel software consultant acquires Ohio firm

February 17, 2010
Carmel-based Blue Horseshoe has purchased TransTech Consulting Inc., a management consulting firm in Columbus, Ohio.
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Calumet's quarterly profit shrinks on higher oil prices

February 17, 2010
Indianapolis-based Calumet Specialty Products reported a profit of $8.2 million in the fourth quarter, a 56-percent decrease from the same period a year ago.
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General Growth snubs initial offer from rival Simon

February 17, 2010
Cory Schouten
Simon Property Group Inc. will have to wait in line with other potential bidders and raise its offer if it wants to land bankrupt rival General Growth Properties Inc., the Chicago-based company said in a letter late Tuesday.
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Earthbound RV plans Marion plant, 300 jobs by 2013

February 17, 2010
 IBJ Staff
A startup firm that makes fuel-efficient recreational vehicles plans to locate its manufacturing operation in Marion, state officials announced Tuesday night, creating as many as 300 jobs by 2013.
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State lawmakers to probe WellPoint premium hikes

February 17, 2010
J.K. Wall
Three WellPoint executives will be on hand Wednesday morning to answer questions about premium increases on its individual policies, which have risen as high as 39 percent this year.
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Airport ready to embark on redevelopment plan

February 17, 2010
Scott Olson
Indianapolis Airport Authority CEO John Clark revealed Tuesday evening that he is ready to proceed with a plan that could transform the former terminal site into a hub for urban development.
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Pfizer's Viagra patent partially rejected in Lilly fight

February 16, 2010
Bloomberg News
The patent on impotence drug Viagra was partially rejected after the U.S. Patent and Trademark Office said it wasn't different enough from a Chinese herb known as Horny Goat Weed. The patent was key to an infringement suit Pfizer filed in 2002 against Eli Lilly and Co. over its rival Cialis drug.
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No Democrat meets Indiana deadline for Senate seat

February 16, 2010
Associated Press
The only Democrat seeking to run for the Senate seat being vacated by Sen. Evan Bayh has missed out on qualifying for Indiana's May primary ballot.
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Purdue to get $12M to help small health providers

February 16, 2010
 IBJ Staff
Stimulus funds will help university's technical assistance service show doctors and nurses in small groups and in medically under-served areas how to adopt medical-records technologies.
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Westfield lumber company part of acquisition

February 16, 2010
Hall & House Lumber Co. in Westfield will become part of one of the largest distributors of lumber and building materials in the nation, once the purchase of its parent is completed next month.
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Meetings start public discussion of regional transit plan

February 16, 2010
Indy Connect will hold its first public forum Tuesday evening to begin the process of gathering public input on a regional transportation plan that proposes raising taxes to build a light-rail line, improve bus service and expand roadways.
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Simon making $10B bet on future of malls

February 16, 2010
Cory Schouten
Wall Street today is cheering Simon Property Group Inc.'s giant bet on the future of retail real estate, a sector that appeared left for dead just months ago. The nation's largest mall owner has offered $10 billion to take over its nearest rival, Chicago-based General Growth Properties Inc., which is in bankruptcy.
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WellPoint delays investor meeting to testify on rate flap

February 16, 2010
Bloomberg News
The Indianapolis-based insurer, preparing for Congressional testimony on proposed premium increases in California, says its earnings forecast is now less clear.
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Simon offers $10 billion for General Growth

February 16, 2010
 IBJ Staff and Associated Press
Deal to acquire competitor would be largest ever for Simon Property Group, already the nation's largest mall operator.
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UPDATE: Bayh will consider private sector, university post

February 15, 2010
 IBJ Staff and Associated Press
Tired of partisan politics, Sen. Evan Bayh told a standing-room-only crowd at an Indianapolis news conference Monday afternoon that he will eschew reelection and wants to "serve society in another way."
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Local marketing firm inks deal with Jeff Gordon

February 15, 2010
Anthony Schoettle
Just Marketing International signs NASCAR star Jeff Gordon to a contract sports business experts say is a multimillion dollar deal for the local firm.
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Wintry weather testing work snow-day policies

February 15, 2010
Scott Olson
Coping with wintery blasts is made easier by advancements in work-from-home technology. But different kinds of companies have different policies when it comes to giving employees the option to telecommute or blow off the workday altogether.
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Fed up with Congress, Bayh will not run for third term

February 15, 2010
 IBJ Staff and Associated Press
U.S. Sen. Evan Bayh has a news conference scheduled for 2 p.m. at IUPUI's University Place Conference Center and Hotel, where he will announce that he won't run for re-election. "I  do not love Congress," he said in a prepared statement.
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Ivy Tech, IPIC snare $10M in job-training grants

February 15, 2010
 IBJ Staff
Programs will bolster job opportunities for some 1,700 Indiana workers in sectors including health care and advanced manufacturing.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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