News & Analysis

Indianapolis set for next wave of angel investorsRestricted Content

April 3, 2010
Norm Heikens
A wave of up-and-coming angel investors in the Indianapolis area are quietly accumulating the expertise and thick wallets necessary to back startups that are at once risky and rich with potential for lucrative returns.
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Some up-and-coming angel investorsRestricted Content

April 3, 2010
Dozens of people in the Indianapolis area have the potential and the interest to become angel investors in the next few years.
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Compensation for WellPoint's Braly rises 51 percent

April 2, 2010
Associated Press
Stock options, bonus fuels CEO's pay.
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Retired Junior Achievement exec files defamation suit

April 2, 2010
Kathleen McLaughlin
Former Junior Achievement CEO Jeff Miller says Mayor Greg Ballard was about to hire him as a senior policy adviser, but comments by Central Indiana Community Foundation President Brian Payne and current CEO Jennifer Burk ruined the offer.
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Purdue signs Painter through 2016-17 season

April 2, 2010
 IBJ Staff and Associated Press
Purdue announced Friday that the new contract gives Matt Painter a $1.3 million base salary, plus up to $1 million of incentives for academic, athletic and attendance performance.
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NCAA, city still hammering out long-term deal

April 2, 2010
Anthony Schoettle
The NCAA and city put together a deal to cover insurance and liability issues for this year's Final Four, but are still finalizing an agreement that assures the event comes back regularly through 2039.
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Lawyers in concrete price-fixing case awarded $18M in fees

April 2, 2010
Scott Olson
Federal judge disagrees with Duke Realty Corp. and sides with attorneys representing plaintiffs in class-action suit.
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VIDEO: The mysteries of predicting Final Four's impact

April 2, 2010
Mason King
EcoImpact Watch
                           VideoA debate rages over how Butler's spot in the Final Four will blunt the event's economic impact. But predicting the Final Four's true impact is fraught with unknowns.
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Conseco trims CEO's pay but gives exec team raises

April 2, 2010
Peter Schnitzler
James Prieur's total compensation fell 5 percent last year to $3.3 million, but other Conseco executives saw pay hikes between 25 percent and 54 percent.
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Local ballet company folds

April 2, 2010
Kathleen McLaughlin
A professional ballet company that formed in the wake of Ballet Internationale's collapse has closed its own doors.
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Star's union upset over newspaper's use of story

April 2, 2010
Scott Olson
A piece written by a reporter more than three years ago that was repackaged recently as part of an advertising supplement has drawn the ire of the paper's guild.
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Raytheon lands key Navy contract

April 2, 2010
Kathleen McLaughlin
Raytheon Technical Services Co. LLC in Indianapolis will develop a new bomb rack for U.S. Navy airplanes under a recently awarded $32.4 million contract.
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Impact Racing reaches agreement over safety labels

April 1, 2010
Kathleen McLaughlin
Bill Simpson's Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company to continue selling race car safety gear made this year and last.
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Former Shelbyville office manager charged with embezzlement

April 1, 2010
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.
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Airport chief faces subpoena for Florida work

April 1, 2010
 IBJ Staff and Associated Press
Jacksonville Airport Authority spokesman Michael Stewart confirmed Thursday that investigators subpoenaed calendars, time sheets and leave records for former airport chief John D. Clark III.
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Lilly wins court ban on generic copy of Gemzar

April 1, 2010
Bloomberg News, Associated Press
Eli Lilly and Co. won a U.S. court ruling Wednesday that bars Teva Pharmaceutical Industries Ltd. from selling a generic version of the cancer drug Gemzar until November.
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Tenant exit leaves Circle Centre 4th floor almost vacant

April 1, 2010
Scott Olson
Departure of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall's fourth floor, which has struggled for years to keep tenants.
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Impact Racing accused of counterfeiting safety labels

April 1, 2010
Kathleen McLaughlin
A group that sets standards for motorsports equipment intends to yank its approval of gear produced by Impact Racing, the Brownsburg company owned by industry pioneer Bill Simpson, amid allegations of counterfeiting.
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Fishers approves $19M auto mall development

April 1, 2010
Kathleen McLaughlin
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive Group's proposed development.
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Butler mulling makeover for Hinkle Fieldhouse

April 1, 2010
J.K. Wall
Butler University is planning to raise as much as $12 million to modernize Hinkle Fieldhouse, the home of its Bulldogs basketball team.
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Small-biz lending on the rise

April 1, 2010
Scott Olson
Federal loan programs that help fund company expansions are seeing more activity from program administrators in Indianapolis.
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Lilly drug wins U.K. backing as cancer therapy

April 1, 2010
Bloomberg News
Eli Lilly and Co.'s Alimta has received the preliminary backing of a United Kingdom agency as a maintenance treatment for patients with the most common form of lung cancer.
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Group rounds up business help for Census

April 1, 2010
Brock Benefiel
As deadline day arrives, the Indianapolis Complete Count Committee is encouraging area companies to provide funding for local marketing and events designed to encourage citizens to fill out their Census forms.
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General Growth's bankruptcy plan makes room for Simon

March 31, 2010
Bloomberg News
The provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
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Famous handbag maker hits local retailers with lawsuits

March 31, 2010
Kathleen McLaughlin
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement lawsuits.
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