News & Analysis

Dow Agro in legal skirmish over canola oil

January 14, 2010
Bloomberg News
Indianapolis-based Dow AgroSciences LLC has sued Cooper Industries Plc in an effort to clarify its rights to make a canola-based fluid used in electrical transformers.
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Basiles give big gift to Carmel performing arts center

January 14, 2010
 IBJ Staff
The center will recognize the donation by naming the cafe and gift shop inside the 1,600-seat concert hall after the Basiles.
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Stericycle to expand in Indianapolis

January 14, 2010
 IBJ Staff
Illinois-based medical waste disposal firm Stericycle Inc. will expand its Indianapolis operations, creating as many as 109 jobs by 2011, the Indiana Economic Development Corp. announced Wednesday.
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Friends of Lincoln Collection raises $6.9M to care for artifacts

January 13, 2010
Kathleen McLaughlin
A group formed to support a prized collection of Abraham Lincoln artifacts has raised $6.9 million in its first six months, including $3 million from Lilly Endowment. Friends of the Lincoln Collection in Indiana announced the fund-raising milestone Wednesday afternoon.
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Report: Insurers secretly funded ads attacking health reform

January 13, 2010
 IBJ Staff
Indianapolis-based WellPoint Inc. reportedly joined fellow health insurance giants to fund TV ads as insurers tempered their support for reform.
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City to bolster economic development funding

January 13, 2010
Scott Olson
Mayor Greg Ballard expected to announce at his State of the City address Wednesday evening that the Indianapolis Convention & Visitors Association and Indianapolis Economic Development Inc. could receive about $1 million each from the city.
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IPL: Changing tree-trimming policy could cost utility $100M

January 13, 2010
Scott Olson
Indianapolis Power & Light Co. made the claim in testimony submitted to the Indiana Utility Regulatory Commission as part of a hearing investigating complaints that the utility's tree-trimming policies are too aggressive.
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Q95 fires 'Mad Dog' Matis

January 13, 2010
Anthony Schoettle
An employee of WFBQ-FM 94.7 since 1986, popular radio personality Jimmy "Mad Dog" Matis has been dismissed.
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Clarian to restart Riley project, reverse pay cuts

January 13, 2010
J.K. Wall
Clarian Health soon will restart work on a new tower at Riley Hospital for Children near downtown Indianapolis and is set to lift other cost-saving restrictions.
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FDA letters scold Lilly, others over marketing materials

January 13, 2010
Associated Press
The letter to Indianapolis-based Lilly cites a print advertisement for the antidepressant Cymbalta that did not adequately display information about the drug's side effects.
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HHGregg shares fall after analyst downgrade

January 13, 2010
 IBJ Staff and Associated Press
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered his investment rating on the company's stock.
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City's sole high school will keep Anderson name

January 13, 2010
Associated Press
The district's school board voted 6-1 Tuesday night for a plan using the Anderson High School building for grades 10-12 starting next fall. The Highland High School building will house grades 7-9.
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Indy man gets 2 years for extorting insurance firm

January 13, 2010
Associated Press
Kevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.
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Indiana Senate OKs bill to delay jobless-tax hikes

January 12, 2010
Associated Press
The Senate has approved a bill delaying unemployment-tax increases on businesses for a year, but the legislation may face hurdles in the Democrat-led House.
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Indianapolis still in hunt to be World Cup host

January 12, 2010
Anthony Schoettle
Indianapolis was one of 18 cities included in United State's bid to host World Cup Soccer event in 2018 or 2022.
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Durham's Fair Finance drops effort to sell securities

January 12, 2010
Greg Andrews
Ohio-based Fair Finance Co. told securities regulators this week that it is withdrawing its request for approval to sell an additional $250 million in investment certificates.
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Cincinnati-area builder Fischer expands to Indianapolis

January 12, 2010
Cory Schouten
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio, market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel, Westfield, Zionsville and Avon.
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Roche taps new local CEO

January 12, 2010
J.K. Wall
Roche Diagnostics named a new CEO for its North American operations Tuesday to replace Michael Tillmann, who resigned on Friday.
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Study: Urban tax money subsidizes rural counties

January 12, 2010
Scott Olson
A report from the Indiana Fiscal Policy Institute says metropolitan counties pay more in state taxes than they receive in benefits. The results, though not surprising,  document the disparity for the first time in Indiana.
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Steak n Shake CEO buys more shares

January 12, 2010
Cory Schouten
Steak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another big bet the company's shares are undervalued.
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Kiwanis to choose worldwide service project

January 12, 2010
Kathleen McLaughlin
Representatives of three international organizations will visit Indianapolis-based Kiwanis International this week to make their cases to become its next worldwide cause—and the beneficiary of tens of millions of dollars the organization could raise with help from its 600,000 members.
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Kittle's Furniture shuffles executives, names new CEO

January 12, 2010
Jim Kittle Jr., the company's owner and chairman of the board, will be less involved in daily operations, giving two executives more responsibility.
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Riley Towers expansion in works

January 12, 2010
Tom Harton
The owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark downtown property.
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Brightpoint increases stock repurchase to $80 million

January 12, 2010
Scott Olson
Indianapolis-based cell phone distributor is buying back more shares as part of a settlement it reached in October with Denmark holding company NC Telecom Holding A/S, which Brightpoint bought in 2007.
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Tillmann out as Roche Diagnostics CEO

January 11, 2010
J.K. Wall
The management change comes as the Indianapolis company's diabetes market share has been sliding. Roche says successor will be named "shortly."
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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