News & Analysis

Community Health eyes expansion as it closes Westview merger

June 28, 2011
J.K. Wall
As part of its agreement to add Westview Hospital to its system, Community Health Network will assume $10 million in debt, spend $7.5 million on upgrades, and help open an outpatient center in Speedway, the two hospitals announced Tuesday morning.
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Stanley Black & Decker keys in on overseas security market

June 28, 2011
Bloomberg News
The Connecticut-based company on Monday agreed to buy Sweden’s Niscayah Group AB for $1.2 billion—its biggest deal since Stanley Works’ $4.4 billion purchase of Black & Decker Corp.
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Logistics firm planning 415 jobs in Plainfield

June 28, 2011
Ozburn-Hessey Logistics plans to expand its distribution center in the Hendricks County town and create up to 415 new jobs by 2015. Based in Tennessee, OHL is one of the largest third-party logistics providers in the world.
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Owner of several properties south of Mass Ave starts to divest

June 28, 2011
Tom Harton
The pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could be several deals in the area as one of its largest property owners begins to divest its holdings.
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Lilly plans more investment in two-in-one drugs

June 28, 2011
J.K. Wall
Indianapolis-based drugmaker Eli Lilly on Tuesday will announce a multimillion-dollar investment to develop drugs that act like two medicines in one. Lilly plans to add more scientists to back the effort.
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Election panel chair's law firm donated to White

June 27, 2011
Associated Press
The state elections panel that is weighing voter fraud allegations against Indiana Secretary of State Charlie White includes a Republican loosely linked to White through political contributions.
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Local contractor wins Keystone Towers demolition bid

June 27, 2011
 IBJ Staff
Denney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with a bid $827,000.
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Analyst: Lilly outlook bleak until 2020

June 27, 2011
J.K. Wall

Forget this year’s loss of best-selling-drug Zyprexa’s patent. Eli Lilly and Co. faces the bleakest outlook in the pharma industry the rest of this decade, according to Bernstein Research analyst Tim Anderson.

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How to sell Martinsville to MDs

June 27, 2011
J.K. Wall
Help with physician recruitment is a big factor pushing small-city hospitals into the arms of Indianapolis’ four major hospital systems. So how do the big boys entice doctors to the small towns?
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Q&A

June 27, 2011
J.K. Wall

Jim Alender has been CEO of Howard Regional Health System in Kokomo since 1997. He recently negotiated a letter of intent to merge the hospital with Indianapolis-based Indiana University Health. He spoke about the major factors that led to that decision, and the benefits he hopes to come from it. The deal, which still requires approval from Howard County officials, could close before the end of this year.

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Appeals court: Eiteljorg estate trustees breached duties

June 27, 2011
Scott Olson
A panel of state appellate court judges backed a trial court's decision, determining trustees for the estate of Harrison Eiteljorg breached their duties by failing to distribute more than $1 million to his two sons.
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Zyprexa appeal rejected by Supreme Court

June 27, 2011
Bloomberg News
The U.S. Supreme Court has refused to revive a bid to press a $6.8 billion class-action suit against Eli Lilly and Co. over the marketing of Zyprexa, the company’s schizophrenia treatment.
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Lilly, partner find no Bydureon effect on heart rhythm

June 27, 2011
Bloomberg News
Eli Lilly and Co., Amylin Pharmaceuticals Inc. and Alkermes Inc. said an analysis of a 148-patient trial found no evidence that their experimental Bydureon diabetes drug causes prolonged heart rhythms.
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IBJ wins national journalism awards

June 27, 2011
 IBJ Staff
IBJ won seven awards at the Alliance of Area Business Publications’ summer conference June 25 in Providence, R.I.
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Custom work helps tiny sign shop land big clientsRestricted Content

June 25, 2011
Maria LaMagna
ACS Sign Solutions is a small Hoosier company with a far reach, landing recent deals to create signs for The New York Times offices and Avon Cosmetics’ corporate headquarters in Manhattan.
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Quirky ads put local agency in national spotlightRestricted Content

June 25, 2011
Anthony Schoettle
Young & Laramore is back on the national stage with a new round of Stanley Steemer television commercials, which began airing in May. The quirky, humorous 15- and 30-second spots are gaining the Indianapolis agency national attention.
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Startup takes on abandoned homes in IndianapolisRestricted Content

June 25, 2011
Francesca Jarosz
Indianapolis is in the early stages of expanding the practice of land banks, which allow government agencies and not-for-profits to take over tax-foreclosed properties and put them back into productive use,. Land banks have shown positive results in states such as Michigan and Ohio.
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Carmel home is not-your-average caddy shackRestricted Content

June 25, 2011
Katie Maurer
Mike and Sally Kerr can see directly to the past as they walk around their Southern plantation-style residence built completely around the walls of Woodland Country Club's original club house.
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Observers: Inexperience with mainline carriers hurting RepublicRestricted Content

June 25, 2011
Chris O'Malley
Two years after regional carrier Republic Airways Holdings made a gutsy move into the branded airline business by buying Frontier Airlines and Midwest Airlines, its stock price is down nearly 60 percent.
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Chambers quietly built Buckingham into real estate colossusRestricted Content

June 25, 2011
Cory Schouten
The North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started out in the landscaping business.
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16 Park project helping to transform Indianapolis neighborhoodRestricted Content

June 25, 2011
Scott Olson
The first building of a new complex on near-north side is set to be completed in August
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MARR: Farewell to a long list of great colleagues and mentorsRestricted Content

June 25, 2011
Danny Marr / Special to IBJ
Six people were key mentors and associates during real estate career in Indianapolis.
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Bush Stadium fixup fans tax tensionsRestricted Content

June 25, 2011
Francesca Jarosz
The city plans to tap a taxing district downtown to help pay for the Bush Stadium renovation, rekindling concern among some elected officials and taxing experts that the Mayor’s Office is using the massive district to fund whatever special city needs crop up.
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Christian foundation sees donations soarRestricted Content

June 25, 2011
Kathleen McLaughlin
A local Christian foundation is pulling in donations at such a rapid clip that it could double in size this year.
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Tomisue Hilbert settles suit over $15M policyRestricted Content

June 25, 2011
Kathleen McLaughlin
Tomisue Hilbert quietly settled a 3-year-old lawsuit last month over whether a controversial life insurance policy issued in 2006 on her mother, Suzy Tomlinson, was valid, and whether the beneficiary of the policy, J.B. Carlson, committed fraud.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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