News & Analysis

State appeals injunction blocking abortion law

June 28, 2011
Associated Press
Indiana's attorney general has appealed a judge's decision blocking part of new abortion law that took away some of the public funding for Planned Parenthood of Indiana.
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Republic soars as lower fuel costs prompt analyst upgrade

June 28, 2011
J.K. Wall
Shares of Republic Airways enjoyed a 22-percent rocket ride on Monday after a stock analyst gave the beleaguered company an upgrade and the price of jet fuel continued to moderate.
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Rejected bidder cries foul over demolition of Keystone Towers

June 28, 2011
Scott Olson
Titan Wrecking & Environmental bid about $255,000 less than the winning proposal to demolish Keystone Towers, but was rejected because of missing paperwork. The company owner says the city could have overlooked the omissions to save taxpayers money.
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Community Health eyes expansion as it closes Westview merger

June 28, 2011
J.K. Wall
As part of its agreement to add Westview Hospital to its system, Community Health Network will assume $10 million in debt, spend $7.5 million on upgrades, and help open an outpatient center in Speedway, the two hospitals announced Tuesday morning.
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Stanley Black & Decker keys in on overseas security market

June 28, 2011
Bloomberg News
The Connecticut-based company on Monday agreed to buy Sweden’s Niscayah Group AB for $1.2 billion—its biggest deal since Stanley Works’ $4.4 billion purchase of Black & Decker Corp.
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Logistics firm planning 415 jobs in Plainfield

June 28, 2011
Ozburn-Hessey Logistics plans to expand its distribution center in the Hendricks County town and create up to 415 new jobs by 2015. Based in Tennessee, OHL is one of the largest third-party logistics providers in the world.
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Owner of several properties south of Mass Ave starts to divest

June 28, 2011
Tom Harton
The pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could be several deals in the area as one of its largest property owners begins to divest its holdings.
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Lilly plans more investment in two-in-one drugs

June 28, 2011
J.K. Wall
Indianapolis-based drugmaker Eli Lilly on Tuesday will announce a multimillion-dollar investment to develop drugs that act like two medicines in one. Lilly plans to add more scientists to back the effort.
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Election panel chair's law firm donated to White

June 27, 2011
Associated Press
The state elections panel that is weighing voter fraud allegations against Indiana Secretary of State Charlie White includes a Republican loosely linked to White through political contributions.
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Local contractor wins Keystone Towers demolition bid

June 27, 2011
 IBJ Staff
Denney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with a bid $827,000.
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Analyst: Lilly outlook bleak until 2020

June 27, 2011
J.K. Wall

Forget this year’s loss of best-selling-drug Zyprexa’s patent. Eli Lilly and Co. faces the bleakest outlook in the pharma industry the rest of this decade, according to Bernstein Research analyst Tim Anderson.

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How to sell Martinsville to MDs

June 27, 2011
J.K. Wall
Help with physician recruitment is a big factor pushing small-city hospitals into the arms of Indianapolis’ four major hospital systems. So how do the big boys entice doctors to the small towns?
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Q&A

June 27, 2011
J.K. Wall

Jim Alender has been CEO of Howard Regional Health System in Kokomo since 1997. He recently negotiated a letter of intent to merge the hospital with Indianapolis-based Indiana University Health. He spoke about the major factors that led to that decision, and the benefits he hopes to come from it. The deal, which still requires approval from Howard County officials, could close before the end of this year.

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Appeals court: Eiteljorg estate trustees breached duties

June 27, 2011
Scott Olson
A panel of state appellate court judges backed a trial court's decision, determining trustees for the estate of Harrison Eiteljorg breached their duties by failing to distribute more than $1 million to his two sons.
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Zyprexa appeal rejected by Supreme Court

June 27, 2011
Bloomberg News
The U.S. Supreme Court has refused to revive a bid to press a $6.8 billion class-action suit against Eli Lilly and Co. over the marketing of Zyprexa, the company’s schizophrenia treatment.
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Lilly, partner find no Bydureon effect on heart rhythm

June 27, 2011
Bloomberg News
Eli Lilly and Co., Amylin Pharmaceuticals Inc. and Alkermes Inc. said an analysis of a 148-patient trial found no evidence that their experimental Bydureon diabetes drug causes prolonged heart rhythms.
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IBJ wins national journalism awards

June 27, 2011
 IBJ Staff
IBJ won seven awards at the Alliance of Area Business Publications’ summer conference June 25 in Providence, R.I.
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Custom work helps tiny sign shop land big clientsRestricted Content

June 25, 2011
Maria LaMagna
ACS Sign Solutions is a small Hoosier company with a far reach, landing recent deals to create signs for The New York Times offices and Avon Cosmetics’ corporate headquarters in Manhattan.
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Quirky ads put local agency in national spotlightRestricted Content

June 25, 2011
Anthony Schoettle
Young & Laramore is back on the national stage with a new round of Stanley Steemer television commercials, which began airing in May. The quirky, humorous 15- and 30-second spots are gaining the Indianapolis agency national attention.
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Startup takes on abandoned homes in IndianapolisRestricted Content

June 25, 2011
Francesca Jarosz
Indianapolis is in the early stages of expanding the practice of land banks, which allow government agencies and not-for-profits to take over tax-foreclosed properties and put them back into productive use,. Land banks have shown positive results in states such as Michigan and Ohio.
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Carmel home is not-your-average caddy shackRestricted Content

June 25, 2011
Katie Maurer
Mike and Sally Kerr can see directly to the past as they walk around their Southern plantation-style residence built completely around the walls of Woodland Country Club's original club house.
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Observers: Inexperience with mainline carriers hurting RepublicRestricted Content

June 25, 2011
Chris O'Malley
Two years after regional carrier Republic Airways Holdings made a gutsy move into the branded airline business by buying Frontier Airlines and Midwest Airlines, its stock price is down nearly 60 percent.
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Chambers quietly built Buckingham into real estate colossusRestricted Content

June 25, 2011
Cory Schouten
The North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started out in the landscaping business.
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16 Park project helping to transform Indianapolis neighborhoodRestricted Content

June 25, 2011
Scott Olson
The first building of a new complex on near-north side is set to be completed in August
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MARR: Farewell to a long list of great colleagues and mentorsRestricted Content

June 25, 2011
Danny Marr / Special to IBJ
Six people were key mentors and associates during real estate career in Indianapolis.
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  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

  5. Aldi is generally a great shopping experience. Still, I'm sure YOU wouldn't want to shop there, which I consider a positive.

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