News & Analysis

Conseco trims CEO's pay but gives exec team raises

April 2, 2010
Peter Schnitzler
James Prieur's total compensation fell 5 percent last year to $3.3 million, but other Conseco executives saw pay hikes between 25 percent and 54 percent.
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Local ballet company folds

April 2, 2010
Kathleen McLaughlin
A professional ballet company that formed in the wake of Ballet Internationale's collapse has closed its own doors.
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Star's union upset over newspaper's use of story

April 2, 2010
Scott Olson
A piece written by a reporter more than three years ago that was repackaged recently as part of an advertising supplement has drawn the ire of the paper's guild.
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Raytheon lands key Navy contract

April 2, 2010
Kathleen McLaughlin
Raytheon Technical Services Co. LLC in Indianapolis will develop a new bomb rack for U.S. Navy airplanes under a recently awarded $32.4 million contract.
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Impact Racing reaches agreement over safety labels

April 1, 2010
Kathleen McLaughlin
Bill Simpson's Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company to continue selling race car safety gear made this year and last.
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Former Shelbyville office manager charged with embezzlement

April 1, 2010
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.
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Airport chief faces subpoena for Florida work

April 1, 2010
 IBJ Staff and Associated Press
Jacksonville Airport Authority spokesman Michael Stewart confirmed Thursday that investigators subpoenaed calendars, time sheets and leave records for former airport chief John D. Clark III.
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Lilly wins court ban on generic copy of Gemzar

April 1, 2010
Bloomberg News, Associated Press
Eli Lilly and Co. won a U.S. court ruling Wednesday that bars Teva Pharmaceutical Industries Ltd. from selling a generic version of the cancer drug Gemzar until November.
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Tenant exit leaves Circle Centre 4th floor almost vacant

April 1, 2010
Scott Olson
Departure of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall's fourth floor, which has struggled for years to keep tenants.
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Impact Racing accused of counterfeiting safety labels

April 1, 2010
Kathleen McLaughlin
A group that sets standards for motorsports equipment intends to yank its approval of gear produced by Impact Racing, the Brownsburg company owned by industry pioneer Bill Simpson, amid allegations of counterfeiting.
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Fishers approves $19M auto mall development

April 1, 2010
Kathleen McLaughlin
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive Group's proposed development.
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Butler mulling makeover for Hinkle Fieldhouse

April 1, 2010
J.K. Wall
Butler University is planning to raise as much as $12 million to modernize Hinkle Fieldhouse, the home of its Bulldogs basketball team.
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Small-biz lending on the rise

April 1, 2010
Scott Olson
Federal loan programs that help fund company expansions are seeing more activity from program administrators in Indianapolis.
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Lilly drug wins U.K. backing as cancer therapy

April 1, 2010
Bloomberg News
Eli Lilly and Co.'s Alimta has received the preliminary backing of a United Kingdom agency as a maintenance treatment for patients with the most common form of lung cancer.
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Group rounds up business help for Census

April 1, 2010
Brock Benefiel
As deadline day arrives, the Indianapolis Complete Count Committee is encouraging area companies to provide funding for local marketing and events designed to encourage citizens to fill out their Census forms.
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General Growth's bankruptcy plan makes room for Simon

March 31, 2010
Bloomberg News
The provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
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Famous handbag maker hits local retailers with lawsuits

March 31, 2010
Kathleen McLaughlin
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement lawsuits.
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Police fund-raising center staffs up in Muncie

March 31, 2010
Kathleen McLaughlin
The Indiana Fraternal Order of Police is staffing up its Muncie call center and hopes to hire 100 additional workers in the struggling Indiana city.
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Expansion of NCAA tournament now seen as likely

March 31, 2010
Anthony Schoettle
Money proving to be a powerful motivator in earning Big Ten's support of NCAA tournament expansion plan.
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Shortage of big programs slows secondary Final Four ticket sales

March 31, 2010
Scott Olson
Ticket brokers say a flood of tickets became available on the secondary market following losses by the No. 1-seeded Kansas Jayhawks and Kentucky Wildcats.
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State names second virtual charter school

March 31, 2010
J.K. Wall
Rural Community Academy, in Sullivan, south of Terre Haute, can enroll as many as 280 students in the 2010-11 academic year. Those students would do most of their work from home, accessing lectures and school materials via the Internet.
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Conseco cuts 20 jobs at Carmel headquarters

March 31, 2010
J.K. Wall
Conseco Inc. moved some of its customer-service work to India, prompting the local job reductions.
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WellPoint faces biggest changes under new law

March 31, 2010
J.K. Wall
The Indianapolis-based health insurer has more individual and small-business customers than its major competitors, increasing the impact of health reform.
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Daniels one of health law's loudest critics

March 31, 2010
J.K. Wall
Indiana Gov. Mitch Daniels is fast becoming critic-in-chief of the health reform law.
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NCAA puts IUPUI on probation, vacates wins in six sports

March 30, 2010
Associated Press
The NCAA said IUPUI allowed erroneous eligibility certification for 97 student-athletes from 2003-04 through 2006-07, demonstrating a lack of institutional control and a failure to monitor by the university.
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  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

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