News & Analysis

Angel investment firm adds 3rd chapter for life sciences

July 27, 2011
Chris O'Malley
Moralez_watch_videoStepStone Business Partners has added a chapter in biotech hotbed Warsaw as part of what it hopes will eventually become a statewide network.
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Dow AgroSciences reports record sales, higher earnings

July 27, 2011
Second-quarter revenue for the Indianapolis-based company increased 18 percent, to $1.5 billion. The company attributed the gain to higher prices and stronger demand for its products.
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WellPoint profit falls but exceeds Wall Street expectations

July 27, 2011
J.K. Wall
Indianapolis-based WellPoint earned $702 million in the latest quarter after earning $722 million a year ago. It also raised its full-year profit forecast.
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Prospects bright for Borders replacements

July 26, 2011
Cory Schouten
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
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State commerce chief backs right-to-work law

July 26, 2011
Associated Press
Indiana's chief economic development officer told state lawmakers Tuesday that Indiana has lost deals to attract businesses because it lacks a right-to-work law.
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ISTA says new teacher contract forms violate state law

July 26, 2011
Associated Press
The Indiana State Teachers Association is asking a judge to block state education officials from putting new teacher contract forms for the 2011-2012 school year into use.
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Indiana University, Ball State presidents get big raises

July 26, 2011
Associated Press
Two Indiana college presidents will see their bottom lines improve this fall as their universities boost their annual salaries by more than 10 percent.
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Nearly 100 Indiana post offices to undergo review

July 26, 2011
Associated Press
The financially-troubled U.S. Postal agency announced Tuesday that it will study more than 3,600 offices, branches and stations throughout the nation for possible closing.
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Conservancy installs turbines at eco-friendly HQ

July 26, 2011
Chris O'Malley
Wind turbines, a rare sight downtown, have finally been added to The Nature Conservancy's high-profile building on Ohio Street.
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Upland Brewing plans Bloomington expansion

July 26, 2011
Associated Press
Upland Brewing Co. expects to spend $3 million to buy, renovate and equip a former RCA Thomson warehouse, more than doubling its brewing capacity.
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Interactive Intelligence revenue, profit rises

July 26, 2011
The Indianapolis business-communications software firm reported second-quarter revenue of $52 million, up 34 percent from the same period last year. Profit grew 26 percent, to $6.3 million.
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Simon Property results improve as U.S. retail sales advance

July 26, 2011
Bloomberg News
Indianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and occupancies increased. The company raised its forecast for the year.
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Manufacturer plans 400 jobs in Allen County

July 26, 2011
 IBJ Staff
Iowa-based R3 Composites Corp. plans to establish a manufacturing center in the northeast Indiana town of Grabill, creating as many as 400 jobs by 2014.
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UPDATE: Players vote to OK deal to end NFL lockout

July 25, 2011
Associated Press
The NFL Players Association executive board and 32 team reps have voted unanimously to approve the terms of a deal to the end the 4½-month lockout.
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WellPoint insures two-thirds of Hoosier workers

July 25, 2011
J.K. Wall
Indianapolis-based WellPoint claimed 63 percent of all employees covered by small-group employers and 66 percent of the workers at large-group employers, according to Seattle-based actuarial firm Milliman Inc.
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Despite sales spike, Effient has middling prospects

July 25, 2011
J.K. Wall
Remember Effient? The blood thinner that was once Eli Lilly and Co.’s greatest post-Zyprexa hope and then, after a slow launch, was dismissed as an abject failure? Well, it’s turning out to defy both predictions.
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Housing agency buying its building for $2.1M

July 25, 2011
Scott Olson
The City-County Council's Metropolitan Development Commission is set to hear a proposal Monday evening to allow IHA to purchase its headquarters building at 1919 N. Meridian St.
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Intermodal cargo operation springs up near old airport terminal

July 25, 2011
Chris O'Malley
Keystone Terminals is positioning itself to take advantage of a much-hoped-for increase in intermodal activity just down the tracks.
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Inspections find fewer Indiana underage alcohol sales

July 25, 2011
Associated Press
State inspections found Indiana's bars, restaurants and liquor stores doing a much better job of not selling alcohol to underaged Hoosiers.
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Military accounting firm closing; 84 jobs lost

July 25, 2011
Virginia-based Kearney & Co., an accounting firm that provides financial services for the federal government, will close its office at the Defense Finance and Accounting Services Center on the east side, resulting in the loss of 84 jobs.
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Indiana electric car company gets new owner

July 25, 2011
 IBJ Staff and Associated Press
Think North America, a company that has been making electric cars at a northern Indiana factory, has a new owner, giving local officials more confidence in its future.
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Ball State outsources management of $160M endowment

July 24, 2011
Bloomberg News
Wall Street's Perella Weinberg Partners LP took over at the beginning of July.
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IU Health name change means business for tech firmsRestricted Content

July 23, 2011
Chris O'Malley
Clarian Health’s recent rebranding to Indiana University Health has been good business for at least three companies in Indianapolis’ so-called measured-marketing sector. Such firms help a company overhaul its website and make changes to the “tweetosphere” and other social media channels.
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Teach for America to double presence in IndianapolisRestricted Content

July 23, 2011
J.K. Wall
The New York-based not-for-profit, which opened shop in Indianapolis in 2008, plans to train 100 teachers in the summer of 2012, up from 50 this year.
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Homegrown firm creates stir with Bloody Mary mix

July 23, 2011
Andrew Smith
Hoosier Momma Bloody Mary mix started 18 months ago and already is a profitable entity available in 350 locations and six states. This month, Hoosier Momma expanded into Kentucky, thanks to a deal with national distribution giant Southern Wine and Spirits.
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  1. Choice between a democrat and a question mark? Take the question mark. We have all seen what the democrats will do.

  2. Its easy to blame workers. What about the Management of the Mill. Its not smart in business to not have a back up plan. Workers are afforded sick days in most cases. Union or not. Whether drunk partying, or a real sickness. Why would you as a businessman/woman not have a rotation of workers incase this happens. This is not an exclusive union protection. If the company can prove bad intentions on the part of any union employee. They can take action. Most CBA's have a 3 strike policy. Just like most Non-union company policies. You should read a CBA sometime. There are protections for companies too. Unions understand that businesses need to make money. If they don't, the union's member won't have a place to work.

  3. My kids play hockey on the North side and we have been very happy with the youth program. More Ice would create more opportunity for kids to pay this great sport. With 3 rinks that would also create more figure skating opportunities. What better gift to give your kids than a sport they will love!

  4. Naah, only Indy place fans were robbed of seeing Zanardi race. CART fans saw his amazing talents just about every weekend. And F1 fans saw him too. Zanardi didn't care he wasn't at Indy, neither do 99.18% of other race fans world wide. And CART fans are quite pleased of the domination of their drivers and owners have had at Indy, in the IRL, and in the current Indycar series....almost 99.18% of the time since 2000 Indy 500. I respect Zanardi, but his life goes on without Indy. Sucks to be you Capt.

  5. So let me get this right: gun permits online are fraud proof, but voting is as easy as 1-2-3.--But at least we agree that someone without a photo ID cannot be trusted with a gun.

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