News & Analysis

Sport Graphics making its mark in Dallas this week

February 4, 2011
Anthony Schoettle
Locally based Sport Graphics scored a "six-figure" deal with the NFL to design, make and install all Super Bowl signage—in Dallas and Indianapolis.
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Indiana plans Reagan celebration at Statehouse

February 4, 2011
Associated Press
The Ronald Reagan Centennial Celebration is scheduled for Feb. 10 at the Indiana Statehouse. The celebration is part of events nationwide celebrating Reagan's life.
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Jobless rate falls to 9 percent despite weak job growth

February 4, 2011
Associated Press
The economy generated only 36,000 net new jobs in January, the fewest in four months, but the unemployment rate fell because many of those out of work gave up on their job searches.
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Purdue poised to cancel coal-fired power plant

February 4, 2011
Associated Press
Purdue University is moving to call off plans for a new coal-fired power unit that had been strongly opposed by environmental activists.
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Simon Property's quarterly profit rises on improving retail sales

February 4, 2011
 IBJ Staff and Bloomberg News
Earnings for the Indianapolis-based shopping mall owner increased to $217.9 million in the fourth quarter, up from $91.5 million in the fourth quarter of 2009. Funds from operations, a key measurement used by real estate investment trusts, also improved.
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Missionary group says vendor holding website hostage

February 4, 2011
Evangelical Baptist Missions Inc. says its former IT vendor is holding its website hostage—potentially hampering the safety of people working abroad.
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Klipsch selling for $166M, Audiovox says

February 3, 2011
 IBJ Staff
Klipsch will become a subsidiary of Audiovox and operate as a stand-alone operation in Indianapolis under the leadership of the current management team, Audiovox said.
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Tighter rules for scholarship program advance

February 3, 2011
Associated Press
Indiana's popular 21st Century Scholars program that provides full college scholarships to needy students who stay out of trouble would have stiffer requirements under a proposal approved Thursday by a legislative committee.
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MacAllister Machinery acquires Michigan company

February 3, 2011
Indianapolis-based MacAllister Machinery has acquired Michigan Tractor and Machinery Co., which has 590 employees and is Michigan's top Caterpillar dealer.
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NFL labor situation a hot topic in Dallas

February 3, 2011
Anthony Schoettle
A lockout is predicted by many, but whether labor strife ultimately affects the 2012 Super Bowl in Indianapolis remains to be seen.
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Dow Agro's quarterly sales, profit climb

February 3, 2011
 IBJ Staff and Associated Press
Indianapolis-based Dow AgroSciences on Thursday reported record fourth-quarter revenue of $1.3 billion, up 19 percent from the prior-year period.
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Baldwin & Lyons reports higher revenue, lower profit

February 3, 2011
Indianapolis-based insurer of car and truck fleets posts quarterly profit slightly lower than a year ago. Revenue, however, rose to $67.7 million, up from $60.8 million in 2009.
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Judge orders concrete company to bargain with union

February 3, 2011
Irving Ready-Mix was ordered to restore pay to workers that had been cut by nearly $3 an hour and to recognize the union as the collective bargaining representative of the employees.
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Indiana took in more revenue than expected in January

February 2, 2011
Associated Press
So far this fiscal year, collections are ahead of the state's forecast by $78 million, or 1.1 percent.
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Indiana OKs 26-percent Indianapolis water increase

February 2, 2011
 IBJ Staff and Associated Press
Regulators have approved a 26-percent rate increase for Indianapolis water customers, the Indiana Utility Regulatory Commission announced Wednesday, less than the 33.4-percent increase requested.
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Brightpoint revenue, earnings exceed analyst expectations

February 2, 2011
 IBJ Staff
The wireless phone distributor said revenue in the fourth quarter was $1.1 billion, an increase of 24 percent over the same period of 2009.
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Indiana colleges want $700 million for new buildings

February 2, 2011
Associated Press
Commission for Higher Education officials say Indiana's universities should get no money for capital projects during the next two-year state budget.
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Area businessman considers run for governor

February 2, 2011
 IBJ Staff and Associated Press
Jim Wallace of Fishers wrote in a letter to state and local GOP officials that his experiences in business and in public service have trained him for the challenges of leading Indiana.
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Super Bowl committee fields weather questions in Dallas

February 2, 2011
Anthony Schoettle
Members of Indianapolis’ 2012 Super Bowl host committee spent most of Tuesday and the early part of Wednesday in Dallas answering questions about central Indiana weather and downtown amenities.
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ExactTarget reports record annual revenue

February 2, 2011
The Indianapolis-based e-mail marketing firm said revenue in 2010 grew 41 percent, to more than $134 million. The company also marked its 40th consecutive quarter of growth.
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Lilly, Bristol-Myers halt enrollment in lung-cancer trial

February 2, 2011
J.K. Wall
Eli Lilly and Co. and Bristol-Myers Squibb Co. stopped enrolling new patients in a clinical trial of an experimental lung cancer drug over concerns about patients developing blood clots.
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Settlement struck in HHGregg dryer lawsuit

February 2, 2011
Scott Olson
The deal, which could become final next month, stems from a lawsuit brought by a group of consumers accusing the Indianapolis-based appliance retailer of improperly installing dryer vents.
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Indiana Legislature called off again because of storm

February 2, 2011
Associated Press
Leaders of the House and Senate both postponed committee meetings that were scheduled at the Statehouse for Wednesday after doing the same on Tuesday.
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Judge's ruling raises uncertainty for health care execs

February 2, 2011
J.K. Wall
After a federal judge in Florida struck down the entire health reform law, investors shrugged. But the uncertainty for executives in health care companies increased.
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Marcadia may fetch up to $537 million in sale

February 2, 2011
J.K. Wall
The December sale of Carmel-based Marcadia Biotech to Roche garnered at least $287 million—and as much as $537 million—for the company’s owners and could lead the Marcadia management team to launch a firm using one of Marcadia’s experimental diabetes medicines.
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