News & Analysis

General Growth says it will consider acquisition offers

December 18, 2009
 IBJ Staff and Associated Press
General Growth Properties, the Chicago mall owner that Indianapolis-based Simon Property Group Inc. is interested in buying, said the company will consider all offers and may sell shares to the public to raise capital.
More

City ready to award new golf contracts

December 18, 2009
Kathleen McLaughlin
Indianapolis Mayor Greg Ballard's administration has chosen five local contractors to run 12 municipal golf courses for the next 10 years, and expects to get $6.3 million in capital improvements out of the deal.
More

UPDATE: Airport OKs $325,000 in 'betterment' projects

December 18, 2009
Chris O'Malley
Indianapolis' new $1.1 billion airport terminal faces at least two nagging functionality issues: inadequate protection during inclement weather at the second-level passenger drop-off platform and sunlight that floods the ticket lobby, making computer screens hard to read.
More

Atlanta dates set for former Indy tennis event

December 17, 2009
 IBJ Staff and Associated Press
As first reported by IBJ on Nov. 28, the men's tennis event that is leaving Indianapolis is heading to Atlanta, the ATP confirmed.
More

Newspapers seek to unseal Durham search warrants

December 17, 2009
Greg Andrews
Daily newspapers on Thursday filed a motion seeking to unseal search warrant documents related to the federal investigation of Indianapolis businessman Tim Durham and Akron, Ohio-based Fair Finance Co.
More

New CIB membership nearly set

December 17, 2009
Scott Olson
Marion County Commissioners reappointed Doug Brown on Thursday morning to the Indianapolis Capital Improvement Board, leaving only one seat open on the nine-member panel whose financial troubles this year have elevated its profile.
More

Brightpoint pays $31M for distribution facility

December 17, 2009
Cory Schouten
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility in Plainfield.
More

Conseco shoots for $222M in stock offering

December 17, 2009
 IBJ Staff and Associated Press
The company plans to use at least $150 million to repay debt under its senior credit agreement. The remaining proceeds will be used for general corporate purposes.
More

Local funeral home operator interested in troubled Memory Gardens

December 16, 2009
Scott Olson
Indianapolis-based Wilson St. Pierre Funeral Service & Crematory is one of two companies that have emerged as potential suitors of the embattled Memory Gardens Management Corp.
More

New BioCrossroads venture fund raises $58 million

December 16, 2009
Peter Schnitzler
The new INext fund is the successor to the $73 million Indiana Future Fund, which the life science initiative raised in 2003.
More

Senate rejects drug-importation proposal

December 16, 2009
 IBJ Staff and Associated Press
The U.S. Senate voted down a plan Tuesday to allow Americans to import prescriptions from abroad, handing drug makers such as Indianapolis-based Eli Lilly and Co. a victory.
More

Cummins engine business president stepping down

December 16, 2009
 IBJ Staff and Associated Press
Engine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in 2005.
More

Big Ten Conference ready to explore expansion

December 15, 2009
 IBJ Staff and Associated Press
According to a statement released Tuesday afternoon, the Big Ten Council of Presidents/Chancellors "believes that the timing is right for the conference to once again conduct a thorough evaluation of options for conference structure and expansion."
More

New president elected for Indiana AFL-CIO

December 15, 2009
Associated Press
Nancy Guyott is the first woman to be president of the Indiana AFL-CIO.
More

Speedway slashes schedule of May activities

December 15, 2009
Anthony Schoettle
Belt tightening for the Indianapolis Motor Speedway and Indy Racing League continues with the much-anticipated announcement that the Brickyard's "month of May" activities will be shortened in 2010.
More

UPDATE: Steak n Shake plan makes 'perfect sense' to investment pro

December 15, 2009
Scott Olson, Cory Schouten
The Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment adviser, if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
More

IT firm officially announces plans to create 200 jobs

December 15, 2009
Scott Olson
Executives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger, with the addition of 200 jobs by 2012.
More

Binford group plots next steps in retail revival

December 15, 2009
Tom Harton
The commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on implementing a master plan.
More

Hurco posts quarterly, yearly losses

December 15, 2009
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses to obtain financing to purchase Hurco's products.
More

Steak n Shake plans 20-1 reverse stock split

December 15, 2009
Cory Schouten
The Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
More

$60M Lilly Endowment grant to fund IU physician research

December 15, 2009
Peter Schnitzler
Indiana University, which has received nearly $600 million from the endowment over the last three decades, will leverage the new gift to increase its scientific discoveries and commercialize life science innovations.
More

Conseco offering new shares at $4.73 apiece

December 14, 2009
J.K. Wall
Carmel-based insurer hopes to raise $234 million through public offering.
More

IUPUI seeking funds from CIB to renovate Natatorium

December 14, 2009
Scott Olson
IUPUI says it needs about $15 million to renovate the aging Natatorium swimming complex and wants the city's Capital Improvement Board to fund part of the expense.
More

Still hoping to sell securities, Fair Finance seeks extension

December 14, 2009
Greg Andrews
Tim Durham's Fair Finance Co. says it needs another 30 days to provide Ohio regulators with a mountain of documents they requested relating to insider loans and other issues.
More

Former Visteon plant lined up for Carbon Motors

December 14, 2009
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

  2. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

  3. Out of state management and ownership. If Kite controlled it, everything would be leased. Of course, due to the roundabout, there is limited access to the south side of 116th now also. Just have to go down to the light.

  4. Hey smudge, You're opposed to arresting people for minor crimes? Sounds great! We should only focus on murders and such, right? Let's stand around and wait until someone shoots someone before we act. Whatever we do, we should never question anyone, frisk anyone, or arrest anyone unless they are actively engaged in shooting or stabbing. Very sound!

  5. You guys are being really rude to gays in the comments. (Not all of you, I presume). You need to stop it. Gays have just as much of a right to marry as straight people do. It's not fair how you guys are denying them equal rights. They're acting more human than you'll ever be. We obviously haven't matured since the bible was last updated. Hate the sin, not the sinner. You've all committed a sin at least once in your life. You've lied, you've stolen, etc. (Those are just possibilities). We should have a planet for people that support gay rights and a planet for people that don't. Then, gay people could get married without you bigots interfering with their love life. How would you feel if straights couldn't get married? How would you feel if teenagers were afraid to come out to their parents as straight? If straight people got hate everywhere they went? If straight people were afraid to go out in public, because they feared being judged? It's never going to happen at the rate society is going. You haven't seen the side of me where I act obscene. You're glad my inner demon hasn't been released. I would, but oh no, my comment would be removed because of my very strong emotions about this subject. I love gays, and love how they show their affection for each other. I just ADORE how a state is going to give same-sex couples a marriage license, then changes their mind. (I was obviously being sarcastic there). I just LOVE how society thinks gays are an abomination to our society. You're caring about marriage between two men or two women. That's a small thing. Just grow up, and let them marry. Let them live their lives. You can't make them change their sexuality. You can't make them change their lifestyle. In my opinion, gays are more than welcome to marry. Please, grow up and realize that people should be allowed to marry, even if it's same-sex marriage. You guys are saying that "the bible said gay marriage is wrong." Well, guess what else is wrong? Read Matthew:7 and you'll find out. (I am in no way breaking that. I am saying a fact). I'm stating that gays have just as much of a right to marry as straights do. (:

ADVERTISEMENT