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News & Analysis
TechPoint to focus on IT firms specializing in medical, life sciences sectors
October 31, 2009
Chris O'MalleyLong tracking the emergence of information technology firms involved in the health and life sciences sector, the state’s
IT trade group, TechPoint, is undergoing a mitosis of sorts to help fuel the trend. It has created Advancing
Life Science & Health Care Information Technology, or ALHIT, which will focus on growing this subset of the IT realm.
MoreRCI to become Wyndham Exchange; says Carmel jobs are safe
October 31, 2009
Anthony SchoettleDespite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums
International continues to outperform its market. That’s not to say there hasn’t been some pain at
the company formerly headquartered in Carmel.
MoreState's college graduation rates bedevil education experts
October 31, 2009
J.K. WallJust over half of students at state-supported, four-year institutions in Indiana graduate within six years—a tremendous
waste of resources by both students and taxpayers. The number of citizens with bachelor’s degrees is one of the surest
indicators of economic success in a 21st century economy driven less by workers’ hands
and more by their heads.
MoreClarian restarts construction on hospital in Fishers
October 30, 2009
J.K. WallClarian Health has resumed construction on its Saxony Medical Center in Fishers after an 8-month hiatus, the Indianapolis-based
hospital system announced Friday.
MoreDowntown upscale eateries cancel their lunch plans
October 30, 2009
Mason KingWhile fast food remains a favorite for value-minded patrons, several higher-end restaurants in the Mile Square and its nearby
environs have decided in the last year to pull the tablecloth out from under their lunch service.
MoreDeveloper buying Fountain Square building; museum lined up as tenant
October 30, 2009
Kathleen McLaughlinArchitect and developer Craig Von Deylen hopes to close by next week on the purchase of the Murphy Arts Center in Fountain
Square and is in the process of signing new tenants, including the Indianapolis Museum of Contemporary Art.
MoreState rejects high bid for 19-acre parcel near downtown
October 30, 2009
Cory SchoutenThe Indiana Finance Authority declined to sell a 19-acre development parcel between the White River and Fall Creek near downtown
Indianapolis after it received only two bids at an auction Thursday.
MoreCummins reports plunge in profit, revenue
October 30, 2009
IBJ StaffCummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
MoreSimon reports slight improvement in quarterly results
October 30, 2009
Cory SchoutenSimon Property Group Inc. reported slightly higher funds from operation for its fiscal third quarter, but FFO fell on a per-share
basis thanks to the company's issuance of more than 50 million new shares so far this year.
MoreNCAA approves $35M addition to Indianapolis headquarters
October 29, 2009
IBJ Staff and Associated PressThe NCAA executive committee on Thursday approved a $35 million addition to the governing body's headquarters in White River
State Park in Indianapolis.
MoreLilly opens new biotech center in San Diego
October 29, 2009
J.K. WallLilly is opening the San Diego biotech center a year after launching a biotech R&D center in Indianapolis.
MoreHoosier Park owner misses $13.4M loan payment
October 29, 2009
Peter SchnitzlerIndianapolis-based Centaur LLC, owner of Anderson's Hoosier Park horse track and casino, missed a $13.4 million interest payment
due Tuesday on its more than $400 million in outstanding debt, putting the company in default with its lenders.
MoreDuke Realty reports massive third-quarter loss
October 29, 2009
Cory SchoutenBig write-downs on raw land and projects under development led to a wide third-quarter loss for Duke Realty Corp.
MoreQuarterly profit, revenue soar at Baldwin & Lyons
October 29, 2009
IBJ StaffBaldwin & Lyons Inc. on Thursday morning reported a record third-quarter profit, thanks to big investment gains and an increase
in premiums.
MoreCeladon profit, revenue slides; shares to be listed on NYSE
October 28, 2009
IBJ StaffIndianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.
MoreGM to draw government funds for Delphi costs, source says
October 28, 2009
Associated PressGeneral Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.
MoreGrill maker to locate HQ in Indiana, hire 300
October 28, 2009
IBJ StaffWaterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
MoreWellPoint shares flat after profits beat analyst predictions
October 28, 2009
J.K. WallWellPoint Inc.'s third-quarter profits soared above analysts' expectations, but the insurer remains cautious in the face of
the flu and high unemployment.
MoreCenter Township seeks redevelopment bids for former YMCA
October 28, 2009
Cory SchoutenThe owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building
and redeveloping the prime 2-acre site.
MoreKing Systems, Steel Dynamics fined over safety violations
October 28, 2009
Cory SchoutenThe Indiana Department of Labor has slapped two Indiana companies with fines of about $200,000 each for repeated safety violations
that put workers at risk.
MoreNew IT firm to create 400 jobs in Kokomo
October 28, 2009
IBJ StaffZuna Infotech will locate in Kokomo's Inventrek Technology Park, a high-tech business incubator and state-certified technology
park.
MoreDoctors balk at Senate attempt to cut waste
October 28, 2009
J.K. WallSome Indianapolis-area doctors fear a bill in the U.S. Senate would botch the way costs for tests and procedures are calculated,
and ultimately
lead to a reimbursement system that works worse than the existing system.
MoreWellPoint's third-quarter profits beat expectations
October 28, 2009
J.K. WallWellPoint Inc.'s third-quarter profits fell 11 percent, the company reported this morning, but still soared above analysts'
expectations.
MoreConcrete firm agrees to pay $29M in price-fixing case
October 27, 2009
IBJ Staff and Associated PressA lawyer says Irving Materials Inc. has agreed to pay $29 million to settle a class-action antitrust lawsuit alleging it and
six other companies conspired to fix the price of ready-mixed concrete.
MoreIndiana lands $39.4M in power-grid stimulus grants
October 27, 2009
IBJ Staff and Associated PressIPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO
will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.