News & Analysis

Lilly wins ban of generic Strattera pending appeal

August 31, 2010
Bloomberg News
The U.S. Court of Appeals for the Federal Circuit in Washington on Tuesday granted Lilly's request to prevent sales until the court rules on a judge's decision invalidating a patent on the medicine.
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Ex-Dow Agro scientist's espionage indictment unsealed

August 31, 2010
 IBJ Staff
A federal indictment unsealed Tuesday in Indianapolis charged 45-year-old Ke-xue "John" Huang with theft and attempted theft of trade secrets to benefit a foreign government.
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New website pulls together state budget data

August 31, 2010
Associated Press
The state has a new transparency website that pulls together Indiana budget data, spending reports and other financial information that had previously been spread across multiple sites.
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Former Hilbert mansion draws local interest in auction

August 31, 2010
Scott Olson
Sealed-bid auction attracts a half-dozen bids from interested owners that are "more centrally located than you might think," said the listing agent.
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Family of woman killed by falling bottled-water pallets files suit

August 31, 2010
Cory Schouten
The estate of a woman killed when pallets of bottled water fell on her at a Kroger store in Franklin is suing the bottler, suggesting a new eco-friendly bottle design may have contributed to the accident.
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Some states suing feds also claim health subsidies

August 31, 2010
Associated Press
An administration official said Tuesday that seven states, including Indiana, suing the federal government are among 16 already approved for subsidies to help with the health care costs of early retirees.
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Simon sees improving retail conditions, analyst says

August 31, 2010
 IBJ Staff and Bloomberg News
Simon Property Group Inc. said retailers leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the economy improves.
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Property at busy crossroads finally attracts buyer

August 31, 2010
Tom Harton
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult to sell.
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New IU program lets students invest $100,000

August 31, 2010
 IBJ Staff and Associated Press
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity for students.
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Kokomo firm taps state tax credits to make animated film

August 31, 2010
 IBJ Staff
Kokomo-based Bach Morris Technologies Corp. will spend $2.4 million to produce “Whoever Heard of a Herd of Fird?” a movie based on company co-founder Othello Bach’s 1984 best-seller “Whoever Heard of a Fird?” A Ball State University commercial spinoff will provide production and design services.
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Simon Property wraps up $2.3B outlet mall acquisition

August 30, 2010
Associated Press
Under the terms of the deal, Simon paid about $700 million for the owners' interests in Baltimore-based Prime Outlets and assumed $1.55 billion of Prime's debt and preferred stock.
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CIB approves 2011 budget

August 30, 2010
Scott Olson
Including debt obligations, the CIB's total budget for 2011 is expected to be $104.4 million. The City-County Council is set to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
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Indiana report shows drop in medical errors

August 30, 2010
Associated Press
The most common error in the 2009 report was a foreign object such as a sponge left in a patient after surgery.
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Groundbreaking nears for $4.5M apartment project

August 30, 2010
Cory Schouten
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
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UPDATE: Emmis shares slide after firm says deal in peril

August 30, 2010
Scott Olson
A private-equity firm backing Emmis CEO Jeff Smulyan's buyout signed off on a compromise, but then changed its mind.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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Equity firm withdraws support for revised Emmis deal

August 30, 2010
Scott Olson
A Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan's efforts to take Emmis private in real jeopardy. His attempts to sway preferred shareholders already have failed five times.
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City parking agreement to receive first scrutiny

August 30, 2010
Indianapolis' Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
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Delphi plans Kokomo lab as part of $25M project

August 30, 2010
Associated Press
The new engineering lab and a smaller utility building will help consolidate all of Delphi's 1,400 employees in Kokomo.
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Would-be buyer urging GM workers to vote on pay cuts

August 30, 2010
 IBJ Staff and Associated Press
A businessman seeking to buy General Motors Co.'s Indianapolis metal-stamping plant met with workers Sunday at Lucas Oil Stadium to urge them to accept pay cuts allowing the sale.
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MotoGP attendance slips

August 29, 2010
Associated Press
A total of 136,184 spectators attended the three days of action at Indianapolis Motor Speedway.
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Teen motorcycle racer killed in crash at Speedway

August 29, 2010
Associated Press
The death of a 13-year-old motorcycle rider at Indianapolis Motor Speedway cast a shadow over Sunday's races at the historic track and prompted mourning competitors to defend the development system for the dangerous circuit.
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City vendor may get $1.2B from parking-privatization deal

August 28, 2010
Cory Schouten
The pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately apparent.
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New enforcement rules worry environmental activists

August 28, 2010
Associated Press
The Indiana Department of Environmental Management's top attorney asked agency staff to change how they cite companies for violating the state's water pollution law.
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A half-century later, Indiana Landmarks returns to roots

August 28, 2010
Cory Schouten
Old Centrum Watch VideoBankrolled by yet another multimillionaire, the historic preservation group is preparing to move into a new headquarters in Old Centrum, a former church now undergoing a big renovation.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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