News & Analysis

Lilly imaging drug isn't ready for approval, FDA says

January 18, 2011
Eli Lilly and Co.’s experimental drug to help identify plaque in the brain tied to Alzheimer's disease isn't ready for approval, according to U.S. regulators.
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Mass Ave property owner gets foothold on Virginia Avenue

January 18, 2011
Tom Harton
A downtown advocate who renovated and repopulated a commercial building on what was once a desolate stretch of Massachusetts Avenue hopes to do the same on Virginia Avenue, where he just closed on the purchase of three contiguous commercial buildings totaling 15,000 square feet.
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Former Butler president to lead Hawaii university

January 17, 2011
 IBJ Staff
Geoffrey Bannister, who served as president of Butler University from 1988 to 2000, has been named president of Hawaii Pacific University, the school announced Monday.
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Council committee to consider North of South bonds

January 17, 2011
Scott Olson
Approval would let city issue $98 million in bonds to finance its portion of the $155 million North of South mixed-use project set to be built on 14 acres north of South Street between Delaware Street and Virginia Avenue.
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Fair Finance trustee sues Durham relatives

January 17, 2011
Greg Andrews
The case against Jeffrey and Dana Osler is the latest in what is expected to be a string of suits by the trustee against friends and business associates of Tim Durham who took out loans from Fair Finance but made few if any payments.
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Community Health plans $12M east-side medical complex

January 17, 2011
Construction is set to begin soon on Community Health Pavilion, a three-story, 55,000-square-foot medical building to be built on six acres at 7910 E. Washington St.
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Ambulance manufacturing plant in northern Indiana closing

January 17, 2011
Medtec Ambulance Corp. has notified state officials it will close its plant in Goshen on March 31 as part of a reorganization that will move operations to Bradenton, Fla., costing 150 workers their jobs.
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Humvee maker cutting 300 jobs at Indiana factory

January 17, 2011
Associated Press
AM General plans to lay off 300 workers from the Mishawaka factory that makes Humvees for the military.
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Indiana senator set to propose lower corporate tax

January 17, 2011
 IBJ Staff and Associated Press
Republican Sen. Brandt Hershman of Lafayette, who chairs the Senate Tax Committee, says Indiana's corporate income tax is seen as a hindrance to job creation.
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Pence urged to enter presidential race in 2012

January 17, 2011
Associated Press
An independent campaign to draw GOP Rep. Mike Pence into the 2012 presidential race is under way, with a veteran of the Reagan White House launching a petition drive on Monday urging him to enter the primary contests.
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Reports say Indiana townships inefficient

January 16, 2011
Associated Press
New investigations reported in Indiana newspapers say there are widespread patterns of inefficiency in the government of the state's 1,008 townships.
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IU students find niche in battle against high textbook prices

January 15, 2011
Associated Press
Online business expands to universities in Florida and Texas.
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Tight supply of used vehicles drives up valuesRestricted Content

January 15, 2011
Chris O'Malley
Used-car prices are on the rise. Last month, the average used-car transaction was for $19,345 vs. $16,586 a year earlier, according to Edmunds.com. Last year, used-vehicle prices generally were 10 percent to 15 percent higher than in 2009.
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WellPoint headquarters snags $42M

January 15, 2011
Cory Schouten
Massachusetts-based Franklin Street Properties acquired the Monument Circle headquarters of insurance giant WellPoint Inc. late in 2010 for $42 million—a rich $196 per square foot—from an affiliate of locally based HDG Mansur.
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Can video games be good for your health?

January 15, 2011
J.K. Wall
Local companies are embedding stealthy video messages for high school and college students.
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By wide margin, Anthem still city's largest insurerRestricted Content

January 15, 2011
Scott Olson
Anthem Blue Cross and Blue Shield's share of the Indianapolis area has leveled off, even though it still insures more than half the commercial market—or three times as much as its nearest competitor.
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LAMKIN: Health care reform is opportunity to reorganize servicesRestricted Content

January 15, 2011
Ned Lamkin
Indiana should take advantage of the opportunity to build a comprehensive exchange.
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Brizzi filed for OmniSource forfeiture

January 15, 2011
Cory Schouten
Former Marion County Prosecutor Carl Brizzi blasted metal-recycling giant OmniSource in a court filing in his last week in office, asking a judge to force the company to forfeit all five of its Indianapolis scrap yards and a foundry facility in Hendricks County.
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New IU football coach Wilson is focus of marketing blitzRestricted Content

January 15, 2011
Anthony Schoettle
Indiana University has undertaken a multi-pronged media initiative to make Kevin Wilson, its new head football coach, a household name statewide.
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Parking key issue in Rolls-Royce's possible downtown move

January 15, 2011
Francesca Jarosz
Rolls-Royce Corp.’s decision whether to move about 2,500 office employees to a former Eli Lilly and Co. downtown campus could hinge on three critical factors—parking, incentives and lease terms for the space.
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Universal curbside recycling program looks iffyRestricted Content

January 15, 2011
Francesca Jarosz
Finding a way to cover the cost of expanding the program with revenue from sales of recycled goods such as aluminum, plastic and glass has proved tough, even as commodities prices rise with the improving economy.
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Hoosier State Press Association revamps co-op advertisingRestricted Content

January 15, 2011
Kathleen McLaughlin
The press association hired a former marketing director for Columbus-based Home News Enterprises in late 2009 to spearhead the service.
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FedEx fights to overturn jury's $66M award to ATARestricted Content

January 15, 2011
Greg Andrews
ATA charged in the two-year-old breach-of-contract suit that FedEx’s unexpected decision in January 2008 to drop it as a military-charter partner forced it into bankruptcy liquidation that spring.
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Indiana businessman agrees to $3M fraud settlement

January 14, 2011
 IBJ Staff and Associated Press
Indiana businessman Lowell Hancher has agreed to pay $3 million and never run a public company again to settle allegations by regulators that he carried out three separate fraud schemes over 5 years.
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Bill seeks to boost investment credit, startups

January 14, 2011
Scott Olson
The legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000 to $1 million, helping high-potential startups attract outside funding.
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  1. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

  2. An increase of only 5% is awesome compared to what most consumers face or used to face before passage of the ACA. Imagine if the Medicaid program had been expanded to the 400k Hoosiers that would be eligible, the savings would have been substantial to the state and other policy holders. The GOP predictions of plan death spirals, astronomical premium hikes and shortages of care are all bunk. Hopefully voters are paying attention. The Affordable Care Act (a.k.a Obamacare), where fully implemented, has dramatically reduced the number of uninsured and helped contained the growth in healthcare costs.

  3. So much for competition lowering costs.

  4. As I understand the proposal, Keystone would take on the debt, not the city/CRC. So the $104K would not be used to service the $3.8M bond. Keystone would do that with its share.

  5. Adam C, if anything in Carmel is "packed in like sardines", you'll have to show me where you shop for groceries. Based on 2014 population estimates, Carmel has around 85,000 people spread across about 48 square miles, which puts its density at well below 1800 persons/sq mi, which is well below Indianapolis (already a very low-density city). Noblesville is minimally less dense than Carmel as well. The initiatives over the last few years have taken what was previously a provincial crossroads with no real identity beyond lack of poverty (and the predictably above-average school system) and turned it into a place with a discernible look, feel, and a center. Seriously, if you think Carmel is crowded, couldn't you opt to live in the remaining 95% of Indiana that still has an ultra-low density development pattern? Moreover, if you see Carmel as "over-saturated" have you ever been to Chicago--or just about any city outside of Indiana?

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