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News & Analysis
Lilly reports $942 million profit in third quarter
October 21, 2009
J.K. WallExcluding special items, Eli Lilly and Co.'s earnings per share spike 22 percent on the strength of Alimta, Cymbalta and Humalog
sales. Lilly's revenue rose 7 percent in the quarter over the same period of 2008,
to $5.56 billion.
MoreCity seeks ideas to privatize stadium, convention center operations
October 20, 2009
Peter SchnitzlerThe city of Indianapolis is considering ways to get out of the professional sports stadium and convention center management
business.
MoreFewer home-building permits signal weakness ahead
October 20, 2009
Associated PressApplications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
MoreEmmis on way to avoiding stock delisting
October 20, 2009
Scott OlsonIndianapolis-based media company Emmis Communications Corp. is halfway home to maintaining its listing on the NASDAQ stock
exchange.
MoreMedco plans to compare Plavix, Effient in study
October 20, 2009
IBJ Staff and Associated PressMedco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix, the world's second-best selling drug, with
Effient, a potential blockbuster drug sold by Indianapolis-based Eli Lilly and Co.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MoreCook calls for new approach to health reform
October 20, 2009
J.K. WallFounder of medical device firm says Congress should fund network of low-cost clinics.
MoreLaw firm sticks with unconventional space
October 20, 2009
Tom HartonWith its expansion last month into the historic Eden-Talbott House at 1336 N. Delaware St., the local environmental law firm
Plews Shadley Racher & Braun now owns and occupies three historic homes and a 1950s-era office building in the same block.
MoreLocal radio ratings race tightening
October 19, 2009
Anthony SchoettleThe latest Arbitron Inc. radio ratings show the central Indiana market is becoming far more competitive, with the top
stations separated only by fractions of a point. WFMS-FM slipped, but remained No. 1, while urban stations WHHH-FM and WTLC-FM
climbed into the next two spots.
MoreCircle City Classic director resigns after 4 months
October 19, 2009
The director of the Circle City Classic announced his resignation Monday, just four months after taking the job.
MoreLockheed Martin planning Indianapolis layoffs
October 19, 2009
IBJ StaffMaryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining
call volumes and "funding issues" that are cutting short a five-year federal contract worth a total of $80 million.
MoreCash-strapped Hoosier Park racing to restructure $400M in debt
October 17, 2009
Peter SchnitzlerDespite rampant speculation, Anderson’s Hoosier Park is not facing imminent bankruptcy, according to its owner, locally
based Centaur Inc.
MoreConsultant: Indianapolis water utility lax in overseeing Veolia
October 17, 2009
Chris O'MalleyThe city too often relied on the Department of Waterworks’ board, on consultants and on the private
operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient
operation, maintenance and management” of Indianapolis Water. That’s one of several critical
findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request
pending before the Indiana Utility Regulatory Commission.
MoreSymphony's CEO trying to steer through challenging time
October 17, 2009
Kathleen McLaughlinSimon Crookall is trying to hire a maestro who will excite audiences at the same time he’s trying to pull the Indianapolis
Symphony Orchestra out of
a financial tailspin.
MoreGerman company to buy Eli Lilly's Lafayette plant
October 17, 2009
J.K. WallEli Lilly and Co. will sell its manufacturing plant in Lafayette to a German company in its first major move toward reducing
its work force by 5,500 employees and cutting its operating expenses by $1 billion.
MoreDoctors link together to experiment with 'one-stop shopping'
October 17, 2009
Scott OlsonSpecialists are clustering to focus on a single ailment, such as pain, to cut costs and improve quality of treatment.
MoreCarmel entrepreneurs with ties to ExactTarget hope SmartFile outshines competitors
October 17, 2009
Chris O'MalleyFile-hosting firm is launching new security software that could set it apart in a crowded field.
MoreFunding cut jeopardizes popular Indiana Artisan program
October 17, 2009
Anthony SchoettleA state-run program aimed at boosting business for local artisans—ranging from painters to syrup makers—and
turning them into a draw for tourists is in jeopardy because of dramatic funding cuts.
MoreBig profits elevate ITT Educational into rare class
October 17, 2009
J.K. WallCEO Kevin Modany and his management team have become accustomed to regulatory uncertainty—and to growing the business
at a pace most executives can only dream about.
MoreFirst-time buyer tax credit isn't moving pricier homes
October 17, 2009
Cory SchoutenThe incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
MoreDuke Realty to unload local land holdings at auction
October 17, 2009
Cory SchoutenThe locally based company plans to raise millions of dollars by selling nine undeveloped
tracts in Indianapolis, Fishers, Plainfield and Lebanon.
MoreBloomington mayor to roll out chain-store ordinance for downtown
October 17, 2009
Kathleen McLaughlinBloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets
up shop.
MoreSales of luxury suites slow at most Indianapolis sports venues
October 17, 2009
Anthony SchoettleTen years ago, the Indiana Pacers sold out their 69 Conseco Fieldhouse suites and the Indianapolis Motor Speedway
barely touched a phone to sell its 120 luxury boxes. But entertaining at luxury suites is out of vogue
now, thanks to the recession and companies keeping a closer eye on spending.
MoreGovernor to merge state museum into new agency
October 16, 2009
Kathleen McLaughlinIndiana Gov. Mitch Daniels is planning to merge the Indiana State Museum, 12 historic sites and state library under one new
agency, according to sources close to the museum.
MoreEndocyte receives $26M infusion from investors
October 16, 2009
West Lafayette-based Endocyte Inc. announced Friday that it has closed on $26 million in equity financing to help the company
continue developing cancer-fighting drugs.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.