News & Analysis

United Way expects to cut grants despite record fundraising

April 2, 2013
Andrea Muirragui Davis
The not-for-profit on Tuesday projected a record 2012 campaign total of $41 million. But as more donors earmark gifts for specific purposes, less is available for general grantmaking.
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New $100M plan to map human brain could boost Lilly

April 2, 2013
Bloomberg News
President Obama on Tuesday announced a campaign designed to develop treatments for some of the least understood brain disorders, an effort that could benefit health care giants Eli Lilly and Co. and others.
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Lilly warehouse thieves had security report, lawsuit says

April 2, 2013
Associated Press
A federal lawsuit contends that thieves who broke into an Eli Lilly and Co. warehouse in Connecticut three years ago and stole more than $60 million worth of drugs obtained a copy of a report that revealed weaknesses in the building's security system.
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Pedcor moving ahead with $13M Central State apartments

April 2, 2013
Scott Olson
The Retreat on Washington would be the developer's second project at the former psychiatric hospital campus on Indianapolis' west side.
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Mass-transit bill hits detour in Senate committee

April 2, 2013
Kathleen McLaughlin
Members of the state's Tax and Fiscal Policy Committee voted 12-0 on Tuesday morning to stall legislation that would give central Indiana voters the ability to choose if they want to pay higher taxes for expanded mass transit.
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Lilly to spend $180M doubling size of Indy plant

April 2, 2013
The new investment will bring the plant's total price tag to $320 million as the pharmaceutical giant seeks to increase production of insulin and related products.
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WellPoint jumps after feds reverse Medicare decision

April 2, 2013
Bloomberg News
Shares of Indianapolis-based WellPoint rose along with those of other medical insurers Tuesday morning after the U.S. government reversed a decision to cut a key Medicare payment rate, offering them an increase instead.
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Indiana bottle maker pushing for refund law

April 2, 2013
 IBJ Staff and Associated Press
A central Indiana company that makes glass bottles and jars is urging state lawmakers to pass legislation requiring refundable deposits on beverages sold in recyclable bottles and cans.
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Carmel financial adviser accused of using faith to prey on victims

April 1, 2013
Associated Press
A central Indiana man banned from selling investments faces 10 securities fraud counts for allegedly using shared Christian beliefs to dupe clients out of more than $580,000.
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Fox59 news chief to depart for San Francisco station

April 1, 2013
Chris O'Malley
Over his four-year tenure, Lee Rosenthal helped WXIN-TV Channel 59 more than double the airtime it devotes to news.
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Appeals court upholds Marsh's $18.2M award from Roche

April 1, 2013
 IBJ Staff, Jennifer Nelson / The Indiana Lawyer
The Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
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House pursues 'Arkansas model' on health coverage

April 1, 2013
J.K. Wall
Indiana could expand health insurance coverage for low-income Hoosiers entirely through private health insurance plans under an amendment adopted by a House committee on Monday. The change was immediately criticized by the Pence administration.
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WTHR hires former producer as news director

April 1, 2013
Chris O'Malley
The NBC affiliate in Indianapolis said Monday it has hired Kathy Hostetter, currently news director at WAVE-TV Channel 3 in Louisville, to fill a news director post that has been vacant since January.
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Communications firm plans 100-plus area layoffs

April 1, 2013
 IBJ Staff
Fort Wayne-based communications firm Briljent LLC plans to lay off between 100 and 130 employees at its Indianapolis office after losing a large federal contract with the Centers for Medicare & Medicaid.
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Whitsett bids to redevelop Star headquarters

April 1, 2013
Scott Olson
One of the city's most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters to redevelop the property into apartments or condominiums.
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Indiana's health care transparency laws get failing grade

April 1, 2013
J.K. Wall
Indiana’s laws requiring hospitals to release price information are woefully inadequate, according to a report by two health insurance reform groups. Indiana was among 29 states to receive an "F" grade.
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Sherry Labs snapped up by Netherlands corporation

April 1, 2013
Jeff Newman
The materials-testing business with nearly 300 employees has been acquired by Element Materials Technology. Sherry had been owned by a group of well-connected central Indiana businessmen.
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J&J wins OK for first in new class of diabetes drugs

March 31, 2013
Bloomberg News
Johnson & Johnson, the world’s largest seller of health-care products, won approval for the first in a new family of diabetes drugs, giving them the edge against rivals including Eli Lilly and Co. that are developing similar medicines.
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Carbon Motors pulls equipment from Indiana plant

March 31, 2013
Associated Press
A company that had hoped to open a high-tech police car plant employing as many as 1,500 workers in eastern Indiana has cleared out its plant amid the resignation of a key official.
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Lawmakers debate what counts as gambling expansion

March 31, 2013
Associated Press
The differences between the electronic and standard table games are being portrayed to state lawmakers as one of life and death, with proponents of a bill that would allow racetrack table games saying they would add jobs while not substantially changing what the racetracks already offer.
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Hoosier Lottery expanding ticket-selling hours

March 31, 2013
Associated Press
The private operator of the Hoosier Lottery is expanding the hours that convenience stores and other outlets can sell lottery tickets, a change that allows those sales to continue late into the night.
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Indy controller gets 29 months for bilking Frakes Engineering

March 31, 2013
Associated Press
Brenda K. Helpling was sentenced Thursday by a federal judge who also ordered her to pay more than $410,000 in restitution to Frakes Engineering. The 52-year-old had pleaded guilty in November to mail fraud.
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Indiana lawmakers OK bill creating child commission

March 31, 2013
Associated Press
The Indiana Legislature has backed a measure that would create a new state commission to focus on children's issues and provide oversight to a troubled state agency.
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Graphic designer advises marketers on nuances of reaching LatinosRestricted Content

March 30, 2013
Chris O'Malley
Advertiser Carlos Sosa has designed some very recognizable work—including logos for IndyGo and the Indianapolis Indians—but he is more focused these days on helping businesses more effectively market to the Indianapolis Latino community.
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Miles hits throttle on overhaul for IndyCar, IMSRestricted Content

March 30, 2013
Anthony Schoettle
Hulman & Co. CEO Mark Miles is revving up an ambitious plan to overhaul the IndyCar Series and Indianapolis Motor Speedway management team. He wants to develop a revenue-sharing plan that assures the series and the tracks that host its races are motivated to roll in the same direction.
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