News & Analysis

Diabetes research pioneer Kirtley dies at 96

August 25, 2010
Associated Press
Diabetics who control their disease with pills instead of frequent insulin injections can thank Dr. William R. Kirtley, a groundbreaking Eli Lilly researcher.
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Local government supplier cracks Inc. 500's top 10

August 25, 2010
Scott Olson
A combination of military service and education has helped Kevin Paul turn Indianapolis-based KPaul Properties LLC into one of the fastest-growing companies in the nation.
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VA hospital, health-info exchange enter pilot project

August 25, 2010
J.K. Wall
The Roudebush Veterans Affairs Medical Center and the Indiana Health Information Exchange are going to work to make their medical record systems talk to each other in a pilot project spearheaded by the U.S. Department of Veterans Affairs.
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Remy rides home new contract from electric motorcycle maker

August 25, 2010
 IBJ Staff
MotoCzysz sees the Remy motor as part of an electric motorcycle-based drive system—tailored to automobiles. The companies collaborated on the winning electric bike at Isle of Man race.
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Daniels says Indiana will seek new stimulus money

August 25, 2010
Associated Press
Despite criticizing the latest stimulus package, Indiana Gov. Mitch Daniels said he will ask the federal government to send the state more than $435 million for schools and Medicaid.
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Durable goods orders tick up, but business spending slides

August 25, 2010
Associated Press
Without the volatile transportation sector, orders dropped 3.8 percent—the steepest decline since January. Businesses spent less on equipment and machines. Orders for capital goods fell 8 percent.
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Health costs surge despite weak inflation

August 25, 2010
J.K. Wall
Ben Bernanke may be worried about deflation in the economy, but there’s certainly no chance of it in health care and insurance. Employers’ health plan premiums surged another 8 percent this year, according to results from a massive survey by Indianapolis-based United Benefit Advisors.
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Lilly woes take notch out of debt rating

August 25, 2010
J.K. Wall
Even with debt levels at Eli Lilly and Co. at paltry lows, a string of bad news finally forced Standard & Poor’s to lower its rating on the company’s senior unsecured debt. But the New York-based agency said it believes the Indianapolis-based drugmaker will eventually break its string of bad luck on developing new products.
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Repairs being made after Indianapolis crane crash

August 24, 2010
Associated Press
The Rathskeller opened for lunch Tuesday, and the YMCA branch inside the Athenaeum Building will reopen in a limited capacity on Wednesday.
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Noble expands into eastern Indiana

August 24, 2010
Provider of employment services for people with disabilities expands services to six more counties in an effort to grow revenue.
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ExactTarget acquires Australian distributor

August 24, 2010
E-mail marketing firm's purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is the third for ExactTarget in the past year.
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Oil, gas investment firm targets downstate potential

August 24, 2010
Chris O'Malley
Midwest Energy Partners will back two oil/gas producers. New technologies could stoke investor returns from wells in Illinois Basin, where production peaked decades ago.
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Industrial market shows strength but faces challenges

August 24, 2010
Tom Harton
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most of it in the Plainfield area.
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Purdue University staff could get early-retirement offer

August 24, 2010
Associated Press
A university committee said an early-retirement offer could reduce salary and benefit costs, and eliminate the need for layoffs.
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Elwood Staffing expands with Alabama acquisition

August 24, 2010
Purchase of Multi Staffing Services Inc. in Mobile, Ala., enables Columbus, Ind.-based Elwood Staffing to grow to 45 locations in 10 states and to more than $200 million in annual revenue. Founded in 1980, the company has 22 offices in Indiana.
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Herff Jones buys globe maker Replogle

August 24, 2010
Replogle is one of the world's largest globe manufacturers and dates to the 1930s. The company as of 2004 had 225 employees and sales of $18 million.
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Plea hearing set for defendant in $880M fraud case

August 23, 2010
Associated Press
Prosecutors say 41-year-old Miami Beach resident Nevin Shapiro left at least 60 investors in Florida, Indiana and New Jersey with about $80 million in losses after his Ponzi scheme collapsed.
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Conrad hotel's Spa Chakra closes abruptly

August 23, 2010
Scott Olson
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving notification Friday that it had closed.
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Three injured in downtown crane collapse

August 23, 2010
 Fox59 Report
Investigators haven't figured out what caused a crane to tip over Monday morning while crews were working on a chimney at the Rathskeller restaurant on East Michigan Street. Three people suffered minor injuries.
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WRTV GM stepping down, other changes planned

August 23, 2010
Anthony Schoettle
After 31 years with the McGraw-Hill Cos., the last nine leading the local ABC affiliate, General Manager Don Lundy is calling it quits.
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Arts funding maintained in proposed city budget

August 23, 2010
Scott Olson
Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor's budget plan calls for cutting $22 million in local spending. Funding for the parks department also should remain flat, at $21.1 million.
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IUPUI launches undergrad program in philanthropic studies

August 23, 2010
Kathleen McLaughlin
Indiana University's Center on Philanthropy says its program is the only one in the country that focuses on philanthropy, as opposed to the more technical not-for-profit management offered by other universities.
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Indiana State Fair ends with slightly smaller crowd

August 23, 2010
Associated Press
The Indiana State Fair has wrapped up a 17-day run during which officials say it drew 952,020 visitors.
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Feds take over $20M Irwin pension shortfall

August 23, 2010
 IBJ Staff
The Pension Benefit Guaranty Corp. estimates Irwin Financial Corp.’s pension plan is 56 percent funded, with assets of $26.7 million to cover $47.2 million in benefit liabilities.
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Financial records show Pirates win while losing

August 22, 2010
Associated Press
The Pirates, the Major League parent club of the Indianapolis Indians, made nearly $29.4 million in 2007 and 2008, according to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons.
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