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News & Analysis
Council tables smoking ban
October 26, 2009
Brock BenefielEfforts to broaden Indianapolis' workplace smoking ban came up short Monday night as members of the City-County Council voted
to table the proposal. The ordinance would have prohibited patrons from lighting up in bars, bowling alleys and nightclubs,
expanding an existing law that prohibits smoking in most public places, including restaurants that serve minors.
MoreLilly to move 1,000 from Faris campus
October 26, 2009
J.K. WallAs it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees
to its corporate
center
by mid-2010.
MoreIndy Chamber of Commerce endorses smoking ban
October 26, 2009
Cory SchoutenThe Indianapolis Chamber of Commerce is throwing its weight behind a tougher workplace smoking ban up for consideration tonight
by the City-County Council.
MoreHendricks County offers land for hotel development
October 26, 2009
IBJ StaffThe Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service
convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.
MoreOld National reports earnings well below expectations
October 26, 2009
IBJ StaffEvansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted
share, missing
consensus analyst expectations by about 5 cents per share.
MoreLilly Endowment gives $10M to improve charities' facilities
October 26, 2009
Kathleen McLaughlinLilly Endowment will give United Way of Central Indiana $10 million to replenish its capital improvement program, which
helps not-for-profit agencies repair and upgrade their buildings.
MoreEmmis stock closes at $1.53, avoids delisting
October 26, 2009
IBJ StaffShares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company's listing on the NASDAQ stock exchange.
MoreI-465 bridge in Indianapolis reopens after blast
October 25, 2009
Associated PressThe left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed
through midweek as crews continue repair work.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreOpportunists hunt deals in commercial real estate
October 24, 2009
Cory SchoutenJust about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
MoreIndiana insurance industry weathers hard times
October 24, 2009
J.K. WallEmployment in Indiana's insurance industry has remained stable despite a poor economy.
MorePublic transportation entities in Indianapolis region might be reorganized
October 24, 2009
Chris O'MalleyThe Central Indiana Regional Transportation Authority, IndyGo and other Indianapolis-area transit groups are the subject of
a study that could result in them being reorganized.
MoreGas City dealer offers electric versions of Cadillacs, Hummers
October 24, 2009
Chris O'MalleyOf all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana,
Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars
and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s
electric vehicle sales are up 35 percent over the same month last year.
MoreDebt collectors try soft approach
October 24, 2009
Peter SchnitzlerRecession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.
MoreWTHR, WISH in dog fight for 11 p.m. news ratings
October 24, 2009
Anthony SchoettleThe disappointing debut of “The Jay Leno Show” at 10 p.m. on NBC has hammered ratings for the 11 p.m. newscast
of local affiliate WTHR-TV Channel 13, cutting its average audience by nearly half. But the Indianapolis NBC affiliate says
it will rebound in the fight with its CBS rival because the Leno show has fresh programming year around.
MoreCircle City Classic must boost attendance, sponsorship revenue to survive
October 24, 2009
Anthony SchoettleDramatic decreases in sponsorship and ticket revenue this year and the recent resignation of the Circle City Classic’s
new executive director have some questioning if the event can survive. Now Classic leaders are considering a bevy of bold
changes.
MoreGoodwill executive to lead national health care board
October 24, 2009
Scott OlsonGoodwill Industries executive Keith Reissaus has been tapped to run Washington, D.C.-based Leapfrog Group, an industry coalition.
Reissaus gained control of health care costs by giving employees incentives to care about their health.
MoreHaunted houses avoid recessionary letdown because they offer escape
October 24, 2009
Cory SchoutenEven in bad times
people want to be entertained.” Nationwide, roughly 2,000 haunted houses, hayrides and other attractions
rake in $1 billion annually of the $7 billion consumers spend on Halloween, according to St. Louis-based trade group Hauntworld
Inc.
MoreLilly needs to sell more Effient before Zyprexa loses patent protection
October 24, 2009
J.K. WallSales of Eli Lilly and Co.’s newest drug were an afterthought during its Oct. 21 report on third-quarter earnings. The
blood thinner Effient totaled up $22.6 million in sales—a mere 0.4 percent of Lilly’s total for
the quarter.
MoreFood banks try to stock more fruits and vegetables
October 24, 2009
Kathleen McLaughlinMany hunger-relief
charities area trying to get their hands on more fresh produce. It’s not an easy task. Second-rate and leftover fruit
and
vegetables abound, but the distribution network is fragmented.
MoreLandmarks Foundation president is living with history
October 24, 2009
Katie MaurerAs president of the Historic Landmarks Foundation of Indiana, Marsh Davis is surrounded by history every time he goes to
work. It also greets him when he comes home. Davis and his family live in a 100-year-old Prairie-style, Meridian-Kessler Neighborhood
home that they have filled with Mission
furniture, family heirlooms and quirky artifacts.
MoreLilly settles Zyprexa case with S. Carolina for $45M
October 23, 2009
IBJ Staff and Associated PressSouth Carolina Attorney General Henry McMaster said Friday that the state has reached a $45 million settlement with drug maker
Eli Lilly and Co. over the company's marketing of an anti-psychotic drug.
MoreStretch of I-465 westbound reopens, several ramps still closed
October 23, 2009
The westbound lane of Interstate 465 reopened Friday afternoon on the city's northeast side following the tanker explosion
Thursday that closed parts of the expressway in both directions.
MoreBankruptcies, store closings help Halloween shops scare up space
October 23, 2009
Scott OlsonLike zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
MoreSteak n Shake nearer to merger with steak chain
October 23, 2009
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.