News & Analysis

Neighboring states gleeful over Illinois tax increase

January 12, 2011
Associated Press
Neighboring states are plotting to take advantage of what they consider a major economic blunder and lure business away from Illinois.
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Panel says Lilly’s Solpura isn’t ready for approval

January 12, 2011
Bloomberg News
Eli Lilly and Co. failed to win an FDA advisory panel’s recommendation to introduce the first pancreatic enzyme that isn’t derived from pig parts.
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Roche back in court as partner looks to sell to competitor

January 12, 2011
J.K. Wall
Roche Diagnostics requested a temporary restraining order against Medical Automation Systems Inc. Tuesday after receiving word the company is speeding up plans to sell itself to Roche rival Alere Inc.
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Area home-sales slump continues in December

January 12, 2011
Scott Olson
Home-sale agreements last month dropped 15.4 percent compared to December 2009, capping a year in which sales overall dropped 10.9 percent from the previous year.
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Stadium construction issues nearly resolved

January 12, 2011
Scott Olson
More than two years after it opened, some construction problems persist at Lucas Oil Stadium, particularly with outside lighting and with some of the plumbing. The work was performed by contractors that are now defunct.
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LEADING QUESTIONS: Wheeler CEO focuses, plans more beds

January 12, 2011
Mason King
LQ_RickAlvis_Watch_VideoRick Alvis looks back on 20 years at Wheeler Mission and ahead to a capital campaign and expansion of a downtown shelter.
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Hurco reports fourth quarter, annual losses

January 12, 2011
Indianapolis-based machine tool maker lost $1.1 million in the fourth quarter and $5.7 million in fiscal 2010.
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Deal could give Lilly full diabetes deck

January 12, 2011
J.K. Wall
Eli Lilly and Co.'s diabetes partnership with Boehringer Ingelheim GmbH represents a new kind of disease-focused strategy that some consultants think is key to pharma companies’ futures.
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Q&A: Derek Bang

January 12, 2011
J.K. Wall
Derek Bang, practice leader of health care advisory services at the Crowe Horwath accounting firm in Indianapolis, spent a week in March studying health care in the United Kingdom, especially its universal health care program. He was surprised by the “daily barrage of criticism” he heard about the National Health Service, but also found that the United Kingdom and United States face very similar issues when it comes to constraining growth in health care costs.
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Local tech consultant to expand, add 60 jobs

January 12, 2011
 IBJ Staff
Indianapolis technology firm MMY Consulting Inc. will spent $700,000 to expand its local operations, economic development officials said early Wednesday, nearly doubling its staff over the next four years.
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Education dominates Daniels' State of State address

January 11, 2011
Associated Press
Gov. Mitch Daniels urged Indiana lawmakers Tuesday night to be aggressive in making sweeping changes to the state's education system.
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Emmert has full plate at his first NCAA convention

January 11, 2011
Associated Press
Mark Emmert would like to get tougher on rule-breakers and plans to expand the push for academic reforms started by the late Myles Brand.
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Brightpoint will handle supply chain for Allied

January 11, 2011
Associated Press
Brightpoint said it will take over direct sales of Allied Wireless, as well as billing, shipping of equipment and other functions.
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UPDATE: Analysts praise Lilly diabetes deal with Boehringer

January 11, 2011
J.K. Wall
The deal Eli Lilly and Co. announced Tuesday morning with Boehringer Ingelheim GmbH sounded a lot like a baseball trade—with five drugs and payments to be named later—but analysts and investors generally liked what they heard.
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Emmis reports $1.6 million quarterly loss

January 11, 2011
The Indianapolis-based media company suffered a loss in the fiscal third quarter despite a 3-percent rise in revenue.
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ICVA executives sharing leadership duties

January 11, 2011
Scott Olson
Three hospitality industry executives are holding down the fort as the ICVA board searches for a new leader to replace outgoing CEO Don Welsh. Directors are on no timetable to name a replacement.
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Bill would lift ban on booze at Indiana State Fair

January 11, 2011
Associated Press
Republican Rep. Robert Cherry of Greenfield says alcohol sales could provide needed revenue to the State Fair and allow the event to showcase Indiana wine and beer.
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Interactive Intelligence expecting strong earnings

January 11, 2011
Scott Olson
Indianapolis-based business-communications software firm said it is expecting higher profit and revenue for both the fourth quarter and fiscal 2010. Lucrative product orders in the fourth quarter should help boost earnings.
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Trail Side funding finally closes

January 11, 2011
Tom Harton
Financing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers to proceed with the project after a funding snag nearly killed it.
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Citimark rejoins development game

January 11, 2011
Tom Harton
The company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
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Lilly agrees to pay up to $1.2B for diabetes drugs

January 11, 2011
J.K. Wall
A complex deal with Boehringer Ingelheim also gives the German company rights to two experimental Lilly insulins.
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Simon Property abandons offer for Capital Shopping

January 11, 2011
Bloomberg News
Simon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres Group Plc after the British company resisted Simon’s takeover interest.
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Lilly partner moves up timetable for diabetes drug

January 11, 2011
Bloomberg News
Amylin Pharmaceuticals Inc., rebuffed twice in its bid for U.S. approval of a weekly diabetes drug, will meet its timetable and submit a heart-safety study to regulators by the end of 2011, its CEO said.
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Advocates say most Hoosiers want school changes

January 10, 2011
Associated Press
Advocates met at the Statehouse Monday to push education proposals that have renewed life during this legislative session because of support from Gov. Mitch Daniels and leaders in the GOP-controlled House and Senate.
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Sara Lee to lease 281,000 square feet in Plainfield

January 10, 2011
 IBJ Staff
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
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