News & Analysis

Lilly eyes more animal-health acquisitions

March 25, 2010
 IBJ Staff and Bloomberg News
Eli Lilly is interested in assets that may be offered for sale as a result of Sanofi-Aventis SA and Merck & Co.'s plan to combine their veterinary units.
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Conseco seeking to change its name

March 25, 2010
 IBJ Staff and Bloomberg News
Carmel-based insurer Conseco Inc. will ask shareholders to approve changing the company’s name to CNO Financial Group, the company said Thursday morning.
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Daniels warns of health bill's 'immorally huge' taxes

March 25, 2010
Associated Press
Daniels told members of the Economic Club of Indianapolis that it's ridiculous for anyone to suggest the nearly $1 trillion health care overhaul signed into law Tuesday by President Barack Obama won't add to the nation's debt.
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Lilly sues Hospira over generic version of Gemzar

March 24, 2010
Bloomberg News
Indianapolis-based Eli Lilly and Co. sued rival drugmaker Hospira Inc. to prevent it from selling a generic version of the cancer drug Gemzar before a patent on the medicine expires in 2013.
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Urban expert lauds Indianapolis for progress

March 24, 2010
Scott Olson
Native Hoosier Aaron Renn, who writes the popular Urbanophile blog, said Indianapolis stacks up well against its Midwestern counterparts and can compete for jobs with national hot spots such as Portland, Ore.
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Cummins cuts CEO's pay by nearly one-quarter

March 24, 2010
Peter Schnitzler
Columbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management team took similar pay cuts.
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Lilly Endowment's assets drop more than foundation peers

March 24, 2010
Andrea Muirragui Davis
Once the nation’s wealthiest foundation, Indianapolis-based Lilly Endowment now ranks ninth among its grant-making peers. The endowment’s value fell 15 percent last year, to an estimated $4.8 billion.
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Tokusen USA planning 135 jobs at new Scottsburg plant

March 24, 2010
 IBJ Staff
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials said Wednesday, touting the nearly 135 jobs expected over the next two years.
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Court: Celadon 'general counsel' lacks license, can't practice law

March 24, 2010
Scott Olson
Kenneth Core, who referred to himself in letters and electronic correspondence as Celadon Group's general counsel, cannot practice law in Indiana until he receives a state law license, the Indiana Supreme Court said.
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Docs fear reform will exacerbate ER overuse

March 24, 2010
J.K. Wall
One of the most agreed-upon reasons for health care reform was the expensive overuse of the emergency room by uninsured patients. But two Hoosier ER docs—one conservative, one liberal—say the implementation of ObamaCare will leave that fundamental problem unresolved.
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IU study: Money matters to docs

March 24, 2010
J.K. Wall

Think doctors and hospitals aren’t influenced by money? Think again. Patients seen at private facilities reimbursed by Medicare were 5.5 times more likely to receive routine cataract surgery than patients at poorly funded Veterans Affairs facilities.

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IBJ wins national journalism awards

March 23, 2010
 IBJ Staff
IBJ received three national journalism awards at the Society of American Business Editors and Writers’ annual conference on March 20 in Phoenix.
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Obama signs historic $938 billion health care overhaul

March 23, 2010
Associated Press
Attorneys general from 13 states filed suit to stop the overhaul just minutes after the bill signing, contending the law is unconstitutional. Other state attorneys general may join the lawsuit later or sue separately.
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Record visitor spending expected for Final Four

March 23, 2010
Anthony Schoettle
Tickets were snapped up fast for this year's Final Four, almost assuring a record economic impact for Indianapolis. But two more wins for Purdue or Butler could bring down projected visitor spending.
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Longtime F.C. Tucker president retiring

March 23, 2010
Scott Olson
Fred Tucker, who has led F.C. Tucker Co. since 1986, will leave the company April 1 and hand the reins to business partner H. James Litten.
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Another General Growth suitor enters fray

March 23, 2010
Bloomberg News
Elliott Associates LP and Paulson & Co. are said to be discussing a plan to team with Brookfield Asset Management Inc. to bring mall owner General Growth Properties Inc. out of bankruptcy, competing with Simon Property Group.
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Receivership business picks up for property managers

March 23, 2010
Tom Harton
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
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Ariad loses $65M patent appeal against Eli Lilly

March 22, 2010
Bloomberg News
Monday's decision throws out a $65.2 million patent-infringement verdict won by Ariad for royalties on Lilly's osteoporosis drug Evista and sepsis medicine Xigris.
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Fair Finance co-owner charged with domestic battery

March 22, 2010
Greg Andrews
The embattled businessman was booked into the Hamilton County Jail following an incident Saturday morning at his Geist Reservoir home.
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State attorney general looks to challenge health care bill

March 22, 2010
Associated Press
Attorneys general in at least 13 states have signaled they intend to challenge the constitutionality of the legislation in court.
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Bill kicks off years of change for local health care players

March 22, 2010
J.K. Wall
Sweeping changes phase in slowly for most, but insurers, hospitals, drug companies, employers, workers, medical device makers and more will eventually feel impact.
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BMW, Carbon Motors ink $1.35B supply contract

March 22, 2010
 IBJ Staff and Bloomberg News
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police cars.
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Approval of college-aid overhaul to shake Sallie Mae

March 22, 2010
 IBJ Staff and Associated Press
The legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.
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Reform offers risk, opportunities for Lilly, WellPoint

March 22, 2010
 IBJ Staff and Bloomberg News
Drugmakers and insurers could gain millions of customers under the legislation, but the industry also will pay new fees and face stricter rules that may shrink profit and fuel mergers.
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Insurer lending $7M for east-side Super Bowl project

March 22, 2010
Scott Olson
The aim is to spur redevelopment on the city's blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
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  1. The Affordable Care Act is not the reason for the slow recovery and lack of high paying jobs for low skill workers. This is a trend that has been going since the early 80's. The recovery is real in the sense that GDP has been growing steadily at a rate of roughly 2.5% since the recession ended in late 2009 (newsflash, the stimulus worked) and the unemployment has been steadily dropping. The reason issue we are facing deals with a skills gap (not enough workers with the right credentials / experience) and wage stagnation due to corporate America being focused solely on maximizing profits for shareholders and not caring about the American middle class. Why should they? Multi-billion dollar mutlinational companies keep offshoring their profits in order to avoid paying taxes (which makes our deficit worse) they convince Americans to fight amongst themselves. If you want to create jobs and reduce the deficit, raise the minimum wage and change corporate tax laws. Of course, if you want to continue to belive that tax cuts for wealthy create jobs (which they don't) and allow corporations and the wealthy to continue to make you cover more and more of the costs of maintaining infrastructure, funding the military and other government services, then keep voting Republican. Hopefully someday you wake up and realize what's been going on since Reagan took office.

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  3. Sergeant McNally is buried in Cathcart Cemetery on a hill known as McNally%u2019 Hill. The Cemetery is in a natural bushland setting and is very well maintained.The emergency department at Ararat Hospital is known as the John McNally Emergency Department. Cathcart is approx. 4.6 km from Ararat and is approx. 345 m above sea level.

  4. My spring chicken of a Mom is turning 75 years young. She is a big fan of Frankie and I think she would get a big kick out of the film. I wanted to take her to the Broadway play but am priced out. Thanks for your time and consideration. Oh yea, Wildwood! Joie

  5. I thought this company would go bankrupt in 2013/2014. I predicted that four years ago. I was wrong. It will take another couple of years, but they will get there.

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