News & Analysis

Lilly investing up to $150M in VC funds

September 8, 2010
Bloomberg News
The three venture funds, which will focus on drug development, may be worth a total of $750 million, up to $250 million each, and Lilly will contribute as much as 20 percent of the money.
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Smulyan delays Emmis buyout vote again

September 8, 2010
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try to take the company private.
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Dan Laikin sentenced to 45 months in Lampoon fraud

September 8, 2010
Greg Andrews
The sentence was short of the 60-month maximum Laikin could have received under a plea agreement worked out with federal prosecutors last fall.
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Lab used by Lilly, peers accused of animal cruelty

September 8, 2010
 IBJ Staff and Associated Press
An investigation found that lab employees kicked, threw, and dragged dogs; lifted rabbits by their ears and puppies by their throats; violently slammed cats into cages; and exposed animals to toxic chemicals.
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Auto parts workers hope vote will save jobs

September 8, 2010
Associated Press
Continental Structural Plastics said last month it would close an Ohio plant, and spend about $9 million on upgrades to a factory in Indiana where it will have up to 350 workers by 2012.
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Advocates renew push for statewide smoking ban

September 8, 2010
Francesca Jarosz
State Reps. Charlie Brown (D-Gary) and Eric Turner (R-Cicero) joined members of the Indiana Campaign for Smokefree Air on Wednesday to announce legislation for a comprehensive ban they plan to introduce next year.
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Poor economy keeping Wishard project costs down

September 8, 2010
Scott Olson
Contractors starving for work are submitting more competitive bids, which so far has led to about $10 million in savings, hospital official says.
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Local developer planning Indiana wind farm

September 8, 2010
 IBJ Staff and Associated Press
Carmel-based Performance Services Inc. plans a 25-turbine wind farm in a rural area north of Lafayette, across about 2,500 acres in northern Tippecanoe County.
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Clarian moves to scoop up Morgan

September 8, 2010
J.K. Wall
It looks like Clarian may be back to deal-making. The Indianapolis-based hospital system has signed a letter of intent to absorb Morgan Hospital and Medical Center.
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Barron's: Brighter days ahead for WellPoint

September 8, 2010
J.K. Wall
It’s been a tough year for major health insurers, but Barron’s magazine predicts a big comeback for Indianapolis-based WellPoint Inc. and its rival UnitedHealth Group.
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Q&A

September 8, 2010
J.K. Wall
Julie Klapstein is CEO of Florida-based Availity LLC, which last week announced its acquisition of Indianapolis-based RealMed Corp. The combined firms will have $100 million in annual revenue and want to work with doctors and health insurers to finally allow patients to pay their co-pays and deductible payments when they’re at the doctor’s office—not weeks later in the mail. The change could also allow doctor’s to get paid much faster for their services.
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Symphony on the Prairie sets attendance record

September 8, 2010
 IBJ Staff
Indianapolis Symphony Orchestra’s popular outdoor concert series set an attendance record this summer, surpassing the 100,000-mark for just the third time since 1982.
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Indiana panel's proposal would expand net metering

September 7, 2010
Associated Press
The draft net metering rule would boost the state's power cap for renewable power units and expand it to all customer classes served by electric utilities.
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Indiana casino commission: Staffer hid complaints

September 7, 2010
Associated Press
The commission found the misconduct after an internal review about why 56 of 154 complaints made against the casinos during 2009 had gone unanswered.
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Liquor board OKs permit for City Market beer sales

September 7, 2010
Francesca Jarosz
The Marion County Alcoholic Beverage Board voted to approve a carryout liquor license for the historic downtown site. The permit will allow the Indiana Brewers Guild to open a bar featuring local craft beers.
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Auto auction's new owner calls first event a success

September 7, 2010
Associated Press
Auctions America by RM, which bought the former Kruse Auction Park in Auburn two months ago, said more than 25,000 people attended this past weekend's event, during which sales topped $13 million.
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CEO says Lilly still not interested in huge acquisitions

September 7, 2010
 IBJ Staff and Bloomberg News
Lilly remains disinterested in making big acquisitions and aims to rely on the company’s own pipeline, CEO John Lechleiter said Tuesday, re-emphasizing a strategy he has outlined several times in the past year.
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Colts favored to win Super Bowl by Vegas oddsmakers

September 7, 2010
Bloomberg News
The Colts enter the regular season with 13-2 odds of capturing their second National Football League title in five years, according to Las Vegas Sports Consultants, which advises Nevada's sports books on betting lines.
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Business bank reports second-quarter loss

September 7, 2010
Indiana Business Bank's restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
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Leader of local CB Richard Ellis office leaves to work for family business

September 7, 2010
Tom Harton
David Reed is leaving to work for WisselReed Relocations, an Atlas Van Lines moving and storage franchise he started with his brother-in-law, David Wissel, in 2007.
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Control of House key issue as election season revs up

September 7, 2010
Mary Dieter
One hundred Indiana House seats are on the ballot—though many fewer are competitive—but their outcomes may affect the state well beyond the two-year terms that the candidates seek.
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Indiana farm income expected to jump 20 percent

September 4, 2010
Associated Press
Indiana farmers can thank weather problems around the world and a recession at home for an expected jump in their income this year.
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A&E PREVIEW: Dozens of events that should be high on your priority list

September 4, 2010
Lou Harry
From Mary Poppins to Tyler Perry, and from Liza to the Leisure Kings, there’s a lot to fill up your A&E calendar. Get your planners out and start circling dates. Here are some of my early must-do front-runners.
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Talking Points: What's the buzz on the Palladium, the opera and more?Restricted Content

September 4, 2010
Kathleen McLaughlin
IBJ's annual rundown of issues the A&E world will be obsessing about this year.
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Concert promoters take center stageRestricted Content

September 4, 2010
Marc D. Allan
Meet the people who make music events happen in Indianapolis.
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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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