News & Analysis

Marsh taken off the market

August 21, 2010
Cory Schouten
The parent company of Marsh Supermarkets plans to continue investing in the local grocery chain after it failed to find a buyer for the chain of roughly 100 stores. Half of those are in Indianapolis.
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Casino operator Centaur aims to exit bankruptcy much leaner

August 21, 2010
Scott Olson
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
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Kirr Marbach & Co. mutual fund among nation's best performers

August 21, 2010
Among value funds that include companies of varying sizes, the performance of the Kirr Marbach Partners Value Fund ranks No. 2 out of 357 similar funds.
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Pearl IRB first firm in state to pre-screen clinical drug trialsRestricted Content

August 21, 2010
Chris O'Malley
Two former Eli Lilly and Co. employees launched the firm that promises to attract more clinical trial business to the state.
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Lending overhaul could be trouble for ITT

August 21, 2010
J.K. Wall
New student-lending rules proposed by the Obama administration could wipe out as much as two-thirds of profits at Carmel-based ITT Educational Services Inc., some analysts believe.
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Popular toning shoes give big boost to The Finish Line

August 21, 2010
Cory Schouten
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue this year.
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Smooth utility deal carries potential bonus for cityRestricted Content

August 21, 2010
Chris O'Malley
If Citizens Energy can successfully manage and mitigate over the next two years the city's lingering legal and contractual obligations involving the water and sewer utilities Citizens is negotiating to buy, the city can hang onto an extra $25 million in the deal.
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Strategy key as arts groups launch simultaneous campaignsRestricted Content

August 21, 2010
Kathleen McLaughlin
A wave of fundraising pitches is about to wash over Indianapolis arts supporters. Five organizations either have announced or are working toward the launch of major campaigns.
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Emmis again delays vote to go private

August 20, 2010
Anthony Schoettle
The media company schedules another meeting for Aug. 27—what will be the fourth in five weeks—in hopes of gaining enough votes to take company off the public market.
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Indiana University board approves pay-raise plan

August 20, 2010
Associated Press
The plan raises pay an average of 3 percent for most of the school's 17,000 employees.
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Indiana, Indy stage small employment gains

August 20, 2010
Norm Heikens
Indiana's unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
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Weekend bike race incorporates Circle into course

August 20, 2010
Scott Olson
Inaugural Indy Criterium using famed landmark in race that organizers hope will become an annual event. The race begins at 9 a.m. on Saturday.
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Judge rules Murat Centre can keep new name

August 20, 2010
 IBJ Staff
A naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based Old National Bank has been dismissed.
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City chooses firm to oversee parking-meter operations

August 20, 2010
Scott Olson
The city has entered into a 50-year lease agreement with Dallas-based Affiliated Computer Services Inc. The city will receive $35 million upfront and a share of revenue to make sidewalk and street repairs. Parking meter rates are expected to double in some areas.
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More cash-strapped workers dipping into 401(k) accounts

August 20, 2010
Associated Press
A record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts reached a 10-year high, according to Fidelity Investments.
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Lilly gains panel's backing to expand Cymbalta use

August 19, 2010
Bloomberg News
Outside advisers to the Food and Drug Administration voted 8-6 Thursday in favor of a broader use of Cymbalta on the basis of studies in lower back pain and osteoarthritis of the knee.
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Lilly wins temporary ban on sales of Strattera copies

August 19, 2010
Bloomberg News
The invalidation of Lilly's Strattera patent opened the door for as many as 10 companies to sell generic versions of the drug, which generated U.S. sales of $445.6 million last year as a treatment for attention deficit hyperactivity disorder.
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City lands $13.8M more than expected from water deal

August 19, 2010
Chris O'Malley
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and sidewalk projects.
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New NCAA boss wants to change NBA draft rules

August 19, 2010
Anthony Schoettle
After overhauling the NCAA's executive staff, Mark Emmert sets his sights on talks with National Basketball Association officials about adopting a pro-eligibility policy that would keep players in school through their junior years.
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Hamilton County woman pleads guilty to securities fraud

August 19, 2010
Dorothy Geisler-Tragardh, who had been a partner in a clean-coal energy company called Praxis Resource Partners LLC, was accused of running a stock-sale scheme in which she took nearly $2 million from investors.
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Bank On Indy initiative nearing first-year goal

August 19, 2010
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
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IT firm approved for tax breaks on $29 million project

August 19, 2010
Lightbound LLC plans to construct 50,000-square-foot data center near Kentucky Avenue on the city's southwest side. The abatement should save the company $2.5 million.
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Company expanding solar unit, plans to add 120 jobs

August 19, 2010
Fort Recovery Construction & Equipment in Portland plans to invest $1.9 million to accommodate research, development and production of solar thermal collector panels.
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Music for All summer camp moving to Ball State

August 19, 2010
Associated Press
The Music for All Summer Symposium will bring about 1,600 students and teachers to campus June 18-25, 2011. Ball State is to host the camp at least through 2015.
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JD Norman boss stumps for UAW to reconsider contract

August 18, 2010
Kathleen McLaughlin
The owner of Illinois-based JD Norman Industries came to Indianapolis to make a personal plea for United Auto Workers Local 23 to allow a vote on his proposed five-year contract.
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