News & Analysis

Logistics firm adding 191 jobs in Greensburg

July 15, 2011
 IBJ Staff
Auto parts supplier One Solution Logistics of Indiana Inc. will expand its operations in Greensburg, creating as many as 191 jobs as the Honda Motor Co. plant there adds a second shift, state economic development officials announced Friday.
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School voucher program draws early interest

July 14, 2011
Francesca Jarosz
About 385 families have requested state tuition assistance at private schools since July 11, when the Indiana Department of Education started accepting applications for its new voucher program.
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Fair trustee issues subpoena for Brightpoint CEO

July 14, 2011
Cory Schouten
The Fair Finance bankruptcy trustee has subpoenaed Brightpoint Inc. CEO Robert J. Laikin as it tries to recover more than $19 million Laikin's brother borrowed from the Ohio company.
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Wabash lands $6.2M grant from Lilly Endowment

July 14, 2011
Associated Press
Wabash College is getting a $6.2 million grant to boost a center's efforts to support professors who teach religious studies or theology.
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Local IT consultancy plans to add 200 jobs

July 14, 2011
Knowledge Services, an Indianapolis-based information technology firm, plans to lease additional office space on the city’s north-east side to make way for 200 more workers by 2015.
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Purdue names UConn dean to head Krannert

July 14, 2011
 IBJ Staff
Purdue University has named P. Christopher Earley, dean at the University of Connecticut School of Business, to take over as dean of Purdue’s Krannert School of Management.
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Regulators approve Indianapolis water utility transfer

July 13, 2011
Francesca Jarosz
State regulators on Wednesday approved a proposal to transfer control of Indianapolis’ water and sewer utilities to a local not-for-profit trust. The $1.9 billion sale will put management of the utilities into the hands of Citizens Energy Group.
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Prosecutor drops charges against OmniSource

July 13, 2011
Scott Olson
Former Marion County Prosecutor Carl Brizzi brought stolen property charges against scrap yard operator OmniSource. But his successor, Terry Curry, said the evidence doesn't support the allegations.
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Cities weigh new law allowing bigger tax breaks

July 13, 2011
Francesca Jarosz
Communities across the state are trying to decide how they will use a new law that provides them more flexibility to employ economic development incentives but could increase pressure to give companies more tax breaks.
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Uncollected pledges remain high for United Way

July 13, 2011
Scott Olson
United Way of Central Indiana will reserve about $2.65 million, or nearly 7 percent of the $38.2 million it raised in its annual campaign, to cover uncollected pledges from Hoosiers who lose their jobs.
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Emmis reports larger quarterly loss, higher revenue

July 13, 2011
Scott Olson
For the quarter ended May 31, Emmis suffered a loss of $4.5 million, or 12 cents a share, compared with a loss of $3.9 million, or 10 cents a share, in the same period last year.
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Massage franchise expanding Indiana presence

July 13, 2011
Scottsdale, Ariz.-based Massage Envy plans to open nine new locations in Indiana in the next year. Five of those should be in the Indianapolis area.
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Cummins CEO Solso retiring at end of year

July 12, 2011
Associated Press
Cummins Inc. says Tim Solso will retire as chairman and CEO at the end of the year. The 64-year-old Solso has led Cummins since 2000.
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70 percent of students pass ISTEP math, English

July 12, 2011
Associated Press
Seventy percent of students have passed the English and math portions of Indiana's standardized achievement test, the state announced Tuesday.
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Home sales pick up for second straight month

July 12, 2011
 IBJ Staff
Sales agreements climbed to 1,967 last month, up from 1,694 in June 2010, according to a report released Tuesday by F.C. Tucker Co.
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City seeking long-term operator of Eagle Creek course

July 12, 2011
Scott Olson
Bids are due by July 29 for an eight-year contract to manage the golf club. The city intends to sue the former operator in an attempt to recover more than $200,000 after he defaulted on a $3.5 million loan.
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Buyer snaps up 175-acre Golf Club of Indiana

July 12, 2011
Cory Schouten
An investment group has acquired the Golf Club of Indiana in southern Boone County near Zionsville and is planning improvements to the 175-acre property.
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Event merges forces of old, new venture-capital groups

July 12, 2011
Francesca Jarosz
The third annual Innovation Showcase is getting a boost from a partnership between the Venture Club of Indiana and tech social group Verge.
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City seeks to close south-side hotel on nuisance charges

July 12, 2011
The owners of the Traveler's Inn on Bluff Road face public nuisance charges and are accused of operating without a proper business license, according to a lawsuit filed by the city on Monday.
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Lilly's Cialis finally overtakes Viagra

July 11, 2011
J.K. Wall
Why do drugmakers still pursue so many me-too drugs? Because, if marketed well, they can be extremely lucrative. Just ask Eli Lilly and Co. about its drug Cialis.
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Study: Medicaid better than nothing

July 11, 2011
J.K. Wall
Health care reform will add roughly 500,000 Hoosiers to the Medicaid program and, in spite of great criticism of that expansion, a new study suggests Medicaid coverage does help consumers get more care, have fewer unpaid bills and feel better.
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Lechleiter: German drug pricing creates 'uncertainty' for Lilly

July 11, 2011
Bloomberg News
Eli Lilly & Co. CEO John C. Lechleiter said Germany’s overhaul of drug pricing lacked transparency and the new policy creates “uncertainty” for the company’s business planning.
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United Way to distribute $34.6M from campaign

July 11, 2011
The amount to be given to local agencies is 3.6 percent less than last year. United Way raised a total of $38.2 million in its 2010 campaign, falling short of an ambitious $41 million goal.
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Can't stand the heat? Get off the job site

July 11, 2011
Andrew Smith
The combination of rising temperatures and humid air have prompted the National Weather Service to issue a heat advisory for central Indiana through 8 p.m., but some area workers can’t stay out of the elements.
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Local homeowners trying to cash in on Super Bowl

July 11, 2011
Francesca Jarosz
The approach of the 2012 Super Bowl has prompted some Indianapolis-area property owners to start looking for a chance to lease their homes and condos for the big game.
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