News & Analysis

Growing school districts drop funding lawsuit

May 12, 2011
Associated Press
Three Indiana school districts, including Hamilton Southeastern and Franklin Township, are dropping a lawsuit against the state that claimed the method for distributing school funding treated growing districts unfairly.
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Sony plans Blu-ray disc boost at Indiana factory

May 12, 2011
Associated Press
Sony officials plan to spend $72 million on new and upgraded equipment at its western Indiana factory, with most of that going toward Blu-ray disc manufacturing.
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Toyota plants to raise production in June

May 11, 2011
Associated Press
Toyota Motor Corp. says North American production will rise to 70 percent of normal in June as the company begins to recover from parts shortages caused by the earthquake in Japan.
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Performing arts center extends CEO's contract

May 11, 2011
Kathleen McLaughlin
The Center for the Performing Arts in Carmel has extended CEO Steven Libman's contract through 2016, the board of directors announced Wednesday.
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Another setback for The Uptown as judge appoints a receiver

May 11, 2011
Cory Schouten
A Marion County judge has appointed a receiver to take control of three properties involved in a long-delayed redevelopment proposal for College Avenue between 49th and 50th streets.
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Brightpoint CFO leaves with $2.75M pay package

May 11, 2011
Scott Olson
Anthony Boor, who joined Brightpoint in 1998 and served as the company's chief financial officer since 2005, left the company on Tuesday. He received separation pay totaling $2.75 million.
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Lilly drug to detect Alzheimer’s criticized by consumer group

May 11, 2011
Bloomberg News
Eli Lilly and Co.’s Amyvid, an experimental imaging agent to detect signs of Alzheimer’s disease in the brain, shouldn’t be approved because of unreliable study results, a consumer-advocacy group said.
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Local architect wins national honor

May 11, 2011
Sanford Garner of Indianapolis firm A2SO4 is a recipient of this year's AIA Young Architects Award, which will be presented Thursday at the organization's convention in New Orleans.
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Noble Roman's first-quarter profit, revenue tick up

May 11, 2011
 IBJ Staff
Revenue at Noble Roman's Inc. inched up in the first quarter as the Indianapolis-based franchisor continued to grow its take-and-bake pizza operation in grocery stores.
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IPL exec promoted to CEO

May 11, 2011
 IBJ Staff
After about a month as interim CEO, Indianapolis Power & Light Co. executive Ken Zagzebski has won the job for good.
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Pacers to keep Bird as president

May 10, 2011
Associated Press
The Indiana Pacers announced Tuesday that they will keep Bird as team president after he met with owner Herb Simon in Los Angeles.
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Daniels signs 80 bills into law, including budget

May 10, 2011
Associated Press
Indiana Gov. Mitch Daniels signed 80 bills into law Tuesday, including a new $28 billion state budget and redrawn political maps that will help shape elections for the next decade.
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Historical society to operate former Ruth Lilly estate

May 10, 2011
Kathleen McLaughlin
The Indiana Historical Society will entertain its members in Ruth Lilly's former Indianapolis estate, Twin Oaks, under a contract with owners William and Laura Weaver, the society announced Tuesday.
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CIB reports quarterly revenue increase

May 10, 2011
Scott Olson
The Capital Improvement Board saw revenue of $22.5 million in the first three months of the year, a jump of 28 percent compared with the same three months in 2010. More taxes generated by hotel stays and restaurant visits helped drive the increase.
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Emmis reports smaller annual loss on higher revenue

May 10, 2011
Scott Olson
The Indianapolis-based media company said an improving economy helped it cut its losses as revenue from radio operations grew 4.3 percent. Still, the company continues to struggle with a heavy debt load.
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Eastgate redevelopment reaches crucial crossroads

May 10, 2011
Tom Harton
Lifeline Data Centers, which bought Eastgate in 2008, plans to invest $10 million into the property this year if the Department of Public Safety moves forward with plans to lease 78,000 square feet.
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Businessman announcing run for Indiana governor

May 10, 2011
Associated Press
Jim Wallace has scheduled a campaign kickoff event for Tuesday afternoon at the town hall in the northern Indianapolis suburb of Fishers.
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Lawmakers fall short in efforts to curtail private-sector unions

May 9, 2011
Associated Press
Of the 14 states where "right-to-work" bills barring mandatory union fees were considered, only New Hampshire has passed the legislation, and it is uncertain whether Republican lawmakers can overcome an expected veto by the Democratic governor.
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Two wins to bring Lilly modest sales

May 9, 2011
J.K. Wall
Finally, some new revenue. Eli Lilly and Co. will enjoy modest new sales later this year after U.S. regulators approved a new diabetes drug developed by a partner company, and another company nears approval on a drug that will produce royalties for the Indianapolis-based drugmaker.
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Hospitals add even more docs

May 9, 2011
J.K. Wall
Recent acquisitions by IU Health and Franciscan Alliance keep up a trend of physicians becoming employees of hospital systems, in preparation for changes under health care reform.
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City seeks bids for $300M sewage tunnel system

May 9, 2011
Cory Schouten
City officials are seeking bidders for the first phase of Indianapolis' largest-ever public works project, an underground tunnel system equipped to store millions of gallons of raw sewage and prevent the excrement from flowing into local waterways.
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Longtime congressman Burton plans re-election bid

May 9, 2011
Associated Press
Dan Burton says he plans to seek election to a 16th term next year after narrowly surviving tough Republican primary battles in his past two campaigns.
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Metal-framing plant closing to cost 105 jobs

May 9, 2011
Dietrich Industries will close a plant in Hammond this summer, resulting in the loss of 105 jobs. The company manufactures metal framing and finish products.
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Schools weigh options after voters nix tax hikes

May 9, 2011
Associated Press
School districts across the state continue to struggle in their attempts to win voter approval for operating money or building projects, which a researcher attributes to continued worries about the economy.
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Amazon plans another area warehouse, more jobs

May 9, 2011
 IBJ Staff and Associated Press
Amazon.com plans to open a third large distribution center in central Indiana this summer that will employ hundreds of workers, the company said Monday morning.
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