News & Analysis

Indiana closer to eliminating anti-smoking agency

March 9, 2010
 IBJ Staff and Associated Press
The plan approved by the Republican-controlled Senate would transfer the duties of the Tobacco Use Prevention and Cessation board to the State Department of Health.
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CIB turns down Axe deodorant ad for stadium

March 9, 2010
Scott Olson
The Indianapolis Capital Improvement Board on Monday rejected a request from Axe deodorant to place an advertisement in Lucas Oil Stadium because the message is too racy for youngsters.
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Evansville firm enters local cloud-computing fray

March 9, 2010
Chris O'Malley
nGenX Corp. is opening an Indianapolis office to tap into increased demand for outsourced data centers.
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Children's Museum planning $4.2 million exhibit

March 9, 2010
Chris O'Malley
The Children's Museum of Indianapolis is teaming with National Geographic on a permanent exhibit, "National Geographic Treasures of the Earth," intended to provide immersive learning in archeological excavation.
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Huge tax-credit deal will fund rehab of 538 apartment units

March 9, 2010
Tom Harton
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned by the Indianapolis Housing Agency.
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Fishers video software developer adding 49 jobs

March 9, 2010
 IBJ Staff
Fishers-based Exacq Technologies Inc. will invest $1.1 million to expand its Exit Five Parkway headquarters, creating as many as 49 new jobs by 2013.
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Scale Computing lands $9M from Silicon Valley venture firm

March 9, 2010
Chris O'Malley
Data-storage upstart Scale Computing on Monday announced a $9 million investment from Silicon Valley venture firm Benchmark Capital. The infusion will help kick-start a global sales expansion focused on Japan and Europe, said Scale CEO Jeff Ready.
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Talks resume at Statehouse after brief impasse

March 9, 2010
Associated Press
Negotiations on some major issues resumed in the Indiana General Assembly on Monday after a meltdown occurred last week.
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General Growth investors add $3.93B to Brookfield plan

March 8, 2010
Bloomberg News
The cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
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NCAA Tournament may cost employers $1.8B in lost work

March 8, 2010
 IBJ Staff and Bloomberg News
Annual unscientific survey does not take into account that many employees who participate in office pools devote extra time to finishing their responsibilities.
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WellPoint may be anti-competitive, Connecticut AG says

March 8, 2010
 IBJ Staff and Bloomberg News
WellPoint Inc.'s Anthem Blue Cross & Blue Shield of Connecticut may constrain competition through contracts that require that the insurer receives hospital discounts at least as favorable as any provided to a competitor.
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Hoosier Park owner seeks to reorganize $680M in debt

March 8, 2010
Peter Schnitzler
Centaur LLC, which filed for Chapter 11 bankruptcy protection on Sunday, plans to sell its Colorado casino. Much of its debt was incurred to upgrade Hoosier Park in Anderson and add its slots parlor.
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FinishMaster reports flat profit in fourth quarter

March 8, 2010
FinishMaster Inc.'s profit in the fourth quarter of 2009 was unchanged from the previous quarter, although earnings for the entire year declined. The Indianapolis-based paint distributor attributed the drop to lower automobile-accident claims.
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Eli Lilly to buy European rights to Pfizer animal products

March 8, 2010
Scott Olson
The acquisition will benefit Elanco, Lilly's animal health division in Greenfield, which has become increasingly important to Lilly as it braces for patent-protection losses.
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Express lane opens for I-465 widening project

March 8, 2010
Associated Press
The lane opened Monday for eastbound traffic on I-465 from U.S. 31 (Meridian Street) to just past the Allisonville Road interchange.
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Logistics firm s2f investing $10.8M in Plainfield facility

March 8, 2010
 IBJ Staff
Startup logistics firm s2f worldwide LLC will invest $10.8 million to set up its headquarters and distribution center in Plainfield, creating 250 jobs by 2013, state economic development officials said early Monday.
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Hoosier Park owner Centaur files for bankruptcy protection

March 7, 2010
Indianapolis-based Centaur LLC, owner of Hoosier Park horse track and casino in Anderson, filed for Chapter 11 reorganization on Sunday. The company's casino, racing and hotel operations will continue without interruption, it said.
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Timber industry seeks respect, profit from 'green' standards

March 6, 2010
Chris O'Malley
Why should bamboo imported from Asia or steel made through intensive use of energy be consider greener than locally grown trees? timber interests ask.
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Low-profile CIB leader embraces tough financial task

March 6, 2010
Scott Olson
Lathrop Watch VideoAnn Lathrop's interactions with the Indiana Pacers and Indianapolis Colts aren't what she might have envisioned as a young college student pursuing a career in sports medicine. Now president of the city's Capital Improvement Board, her relations with the teams are tied to their financial conditions rather than the health of their players.
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Simon Property CEO uses hard-nosed style to excel at acquisitions

March 6, 2010
Cory Schouten
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
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Market surge doesn't lift Lilly EndowmentRestricted Content

March 6, 2010
Kathleen McLaughlin
Lilly Endowment's resistance to diversify its holdings reached a new height last year, as it failed to sell a single share of the underperforming Eli Lilly and Co. stock while the broader market surged.
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Bottled-water company ramps up production in PlainfieldRestricted Content

March 6, 2010
Kathleen McLaughlin
Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal tap water.
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Indians ready to score with Comcast, Brighthouse TV dealRestricted Content

March 6, 2010
Anthony Schoettle
A full season of televised games will give franchise a platform to promote attendance at Victory Field.
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Legal battle over Simon estate plan puts big gifts in limbo

March 6, 2010
Kathleen McLaughlin
Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it could be up to his widow, Bren Simon, whether to fulfill that wish.
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Rapid growth makes Aprimo candidate for another try at IPO

March 6, 2010
Chris O'Malley
Robust growth at marketing software maker Aprimo is fueling speculation it is about to make another run at going public, and co-founder Bill Godfrey said he won't rule out the possibility of an IPO.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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