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News & Analysis
Cummins to lay off 400-plus workers in New York
December 2, 2009
Andrea Muirragui DavisColumbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
MoreShepherd Insurance buys rival DeTrude & Co.
December 2, 2009
J.K. WallThe acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage
since mid-2007.
MoreMassive CEDIA Expo returning to city after 5-year break
December 2, 2009
Andrea Muirragui DavisThe locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis
in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.
MorePart of Mississippi's Zyprexa case against Lilly dismissed
December 2, 2009
IBJ StaffIndianapolis-based Eli Lilly and Co. has won a bid to dismiss part of a negligence lawsuit brought by Mississippi that alleges
improper marketing of antipsychotic drug Zyprexa for unapproved uses.
MoreTrailer maker plans to add 100 jobs in Peru
December 2, 2009
IBJ StaffPeru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
MoreSEC probing Durham deal with Texas firm
December 1, 2009
Greg AndrewsA Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham's Fair Finance Co.
MoreLocal IT consulting firm plans to add 200 workers
December 1, 2009
Scott OlsonIndianapolis' largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying
jobs and invest $600,000 in new equipment.
MoreSymons and family ordered to pay $34.2 million in fraud case
December 1, 2009
Scott OlsonA high-profile businessman and the Indianapolis companies he operated with family members have been ordered by a federal judge
to pay $34.2 million relating to the fraudulent transfer of assets in a business sale.
MoreGrain Dealers finalizes affiliation with Florida firm
December 1, 2009
Scott OlsonIndianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, has closed
on a deal to became part of The Main Street America Group, the Jacksonville, Fla.-based company said Tuesday morning.
MoreLilly extends research pact with India firm
December 1, 2009
IBJ StaffJubilant Organosys Ltd. and Indianapolis-based Eli Lilly and Co. extended their collaboration, which began in 2005, by five
years.
MoreCarmel buying 12 acres for new well field
December 1, 2009
Cory SchoutenThe city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.
MoreExpress Scripts closes $4.7B deal to buy WellPoint pharmacy unit
December 1, 2009
IBJ StaffSt. Louis-based Express Scripts Inc. has completed its $4.7 billion acquisition of WellPoint Inc.’s pharmacy benefits
management business, the company said Tuesday.
MoreLilly Endowment grant extends jobs program
December 1, 2009
A $2.3 million grant awarded by Lilly Endowment Inc. on Monday will enable the Indianapolis Private Industry Council to continue
a jobs program through 2011.
MoreSmoking ban bill sent back to committee
November 30, 2009
Brock BenefielThe fate of a proposal that would impose a stricter workplace smoking ban in Indianapolis remains up in the air after the
City-County Council voted Monday night to send the bill back to committee for further review.
MoreReport: Simon considers sale of European properties
November 30, 2009
Cory SchoutenSimon Property Group Inc. may sell several of its properties in Europe to help raise funds for a possible bid for bankrupt
rival General Growth Properties.
MoreFeds drop Durham asset-seizure suit
November 30, 2009
Greg AndrewsThe federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham's assets after
receiving
assurance they wouldn't vanish.
MoreFair Finance offices fail to reopen
November 30, 2009
Greg AndrewsFair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of
the company's investment certificates.
MoreTennis officials confirm sale of tournament
November 30, 2009
Anthony SchoettleOfficials with the Indianapolis Tennis Championships confirmed that they are selling the rights to host an annual
men's professional tennis event that has roots in Indianapolis dating back to 1920.
MoreSponsor: 'No way' smoking ban would pass in current form
November 30, 2009
Brock BenefielA proposal to strengthen Indianapolis’ workplace smoking ban is set to come before the City-County Council on Monday
night, but one of the bill’s sponsors wants to send it back to committee for more work before a final vote.
MoreLilly's Cymbalta wins new approval for anxiety disorder
November 30, 2009
J.K. WallFDA action should boost sales of the Eli Lilly and Co. drug, which were already on pace to top $3 billion this year.
MoreFeds seek seizure of Durham's assets
November 28, 2009
Greg AndrewsThe federal government has filed court papers seeking forfeiture of Tim Durham's property, including his 30,000-square-foot
Geist home, another home in Los Angeles and his 2008 Bugatti sports car.
MoreBig donor leaves Indianapolis Museum of Art board
November 28, 2009
Kathleen McLaughlinThe Indianapolis Museum of Art is losing endowment revenue at the same time prominent donor Wayne Zink, CEO of Endangered
Species Chocolate, has resigned from the board.
MoreDisclosures key to feds' probe of Durham's Fair Finance
November 28, 2009
Greg AndrewsAny case federal prosecutors pursue against Tim Durham or his associates likely would revolve around what his Fair Finance
Co. disclosed—or didn’t disclose—to potential investors, legal observers said.
MoreTraffic technology handy after propane tanker explosion
November 28, 2009
Chris O'MalleyA complex system of signs along Indianapolis' interstate highway system was pressed into action after a propane tanker exploded
in October near I-465 and I-69.
MoreVideo surveillance legal in Hoosier state, but beware lawsuits
November 28, 2009
Norm HeikensMost states--Indiana included--have no law on the books banning video surveillance in homes or businesses. However, anyone
considering using a hidden camera should consider the potential to be sued under the state's well-developed privacy law.
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I'm sure there are others, but his name automatically came to my mind
Houdini
magician on the court
STEVE MARTIN - funny magic
It has to be Houdini!