News & Analysis

Arts Commission to share duties with regional groups

April 19, 2010
Kathleen McLaughlin
The Indiana Arts Commission revamped the way it allocates money out of concern about future state budget cuts, which would further reduce grants available to arts organizations.
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Volcano's ash postpones Indiana trade mission

April 19, 2010
Peter Schnitzler
Officials hope to reschedule flight to Italy for Tuesday to salvage the remainder of planned job attraction and creation trip.
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Lilly to pay $400M to repurchase Cymbalta rights

April 19, 2010
Bloomberg News
Eli Lilly and Co. will repurchase rights to develop and market antidepressant Cymbalta outside the U.S. and Japan from European partner Boehringer Ingelheim for an initial payment of $400 million.
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Higher-priced home sales on the rise

April 19, 2010
A total of 242 homes in the nine-county area sold for at least $250,000 last month, an increase of 23.5 percent from the same time last year.
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Health reform dings Lilly's earnings

April 19, 2010
J.K. Wall
The Indianapolis-based drugmaker also lowered its forecast for full-year profits because the new health care law grants bigger rebates on prescription drugs to federal health insurance programs.
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Indiana near bottom of heap for 2010 earmarks

April 18, 2010
Associated Press
Indiana received just over $14 per capita and ranked 48th among all states, down from 43rd in 2009.
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Hendricks County scales back hospitality plan

April 17, 2010
Kathleen McLaughlin
The convention bureau has shelved its plan to attract a full-service hotel and instead will boost spending on tourism marketing.
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Carbon Motors' prototype cop car is crammed with technology

April 17, 2010
Norm Heikens
Carbon_WatchVideoThe specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in the dark.
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Pacers would pay big if they moved

April 17, 2010
Anthony Schoettle
Moving the Indiana Pacers from Conseco Fieldhouse to another city would impose serious financial hardship on the franchise, according to one interpretation of the team's 10-year-old deal with the city.
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Clarian plans $375M hospital tower at Methodist

April 17, 2010
J.K. Wall
Clarian Health is planning to build a bed tower at Methodist Hospital in a massive project that shows renewed commitment to the downtown campus. The tower would have 175 to 250 beds and allow Methodist to make all its rooms private.
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Can Lilly afford to maintain its dividend?Restricted Content

April 17, 2010
J.K. Wall
As shareholders gather April 19 for Eli Lilly and Co.'s annual meeting, more of them than ever will come with an unusual question: Will Lilly be able to keep paying its dividend?
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Struggling firms stash away losses to cut future taxesRestricted Content

April 17, 2010
Peter Schnitzler
Conseco expects its write-offs will be worth more than $800 million over the next 20 years.
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Utilities face conundrum with carbon dioxide emissionsRestricted Content

April 17, 2010
Chris O'Malley
So-called carbon capture and sequestration, or CCS, is seen by some in the utility business as a potential salvation for coal. But utilities may face a damned-if-you-do, damned-if-you don't scenario.
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Historic preservation group poised to expand roleRestricted Content

April 17, 2010
Kathleen McLaughlin
Historic Landmarks' endowment is down sharply, but executives believe they can afford to take on the cultural-events-center project.
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Carbon storage presents prickly trade-offsRestricted Content

April 17, 2010
Chris O'Malley
Not only are utilities grappling with how to pull carbon from their coal-fired emissions, but they also crave certainty about where to put the carbon. With minimal information available about Indiana's deep subsurface , much remains to be done to determine where and at what scale the practice could be deployed here.
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Lender suffers own painful loss after homeowner's deathRestricted Content

April 17, 2010
Greg Andrews
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
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Biglari's comparisons to Buffett debatedRestricted Content

April 17, 2010
Cory Schouten
Sardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that of the Oracle of Omaha.
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Tomisue Hilbert investigates mother's death, $15M insurance policy

April 17, 2010
Peter Schnitzler
The wife of Indianapolis businessman Steve Hilbert is working with a team of attorneys to determine whether her deceased mother’s estate can claim the benefit of a life insurance policy issued by Houston-based American General Life Insurance Co.
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HICKS: Good local governance will support schools

April 17, 2010
Mike Hicks
Reorganizing school districts is difficult, but we Hoosiers have done so before.
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Cash-strapped schools eye full-day kindergarten

April 17, 2010
Associated Press
Many districts want to keep the full-day programs and say they're considering increasing fees to do so.
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Duke: New coal plant's cost rises to $2.9B

April 16, 2010
Associated Press
Duke Energy says the cost of the coal-gasification power plant it's building in southwestern Indiana has risen by $530 million.
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Brizzi ordered dismissal in trespassing case

April 16, 2010
Cory Schouten
Another case has surfaced in which Marion County Prosecutor Carl Brizzi personally weighed in to the benefit of defense attorney Paul Page, Brizzi’s friend and business partner.
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General Growth seeks better offer than Simon's

April 16, 2010
Bloomberg News
General Growth Properties Inc. is seeking a higher price, fewer stock warrants or both from Brookfield Asset Management Inc. after its bankruptcy exit plan was matched by Simon Property Group Inc.
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Pacers' woes tied to Lucas Oil Stadium deal

April 16, 2010
Anthony Schoettle
Five years ago, the Indiana Pacers ownership was not included in discussions about a potential new downtown home for the Indianapolis Colts, and now city and Pacers officials are paying the price.
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INSIDE DISH: Restaurateur rebounds with Pizzology

April 16, 2010
Mason King
Pizzology_WatchVideoAfter a sales slowdown during the recession forced him to close the high-end eatery L'explorateur, Neal Brown mulled a move into Neopolitan-style pizza with friendlier price points. The result—Pizzology Pizzeria & Pub—is off to a profitable start.
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