News & Analysis

State Museum to close on most Mondays

December 3, 2009
 IBJ Staff and Associated Press
The museum has been facing tight budgets and dropping attendance.
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Ivy Tech names new academic programs chief

December 3, 2009
 IBJ Staff
Mary Ostrye, 52, will have oversight of 150 different academic programs at Ivy Tech's 23 campuses around the state.
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Visions for ailing City Market include arts venue, YMCA

December 3, 2009
Riley Area Development Corp. is pitching the idea of building a performing arts center in the City Market. The YMCA of Greater Indianapolis, meanwhile, is in talks with the city about building a full-service fitness center on the site.
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Rare sacred art exhibition boosts museum attendance

December 2, 2009
Associated Press
"Sacred Spain: Art and Belief in the Spanish World" at the Indianapolis Museum of Art is drawing visitors from around the world for an unprecedented exhibition
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IT firm receives abatement for job-growth plans

December 2, 2009
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Indiana Ice plan to build $12 million hockey facility

December 2, 2009
Scott Olson
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.
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State sues teachers' union for securities fraud

December 2, 2009
J.K. Wall
The Indiana Secretary of State's securities division says Indiana State Teachers Association can't account for $23 million intended for school districts, requests assets be frozen.
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Attorneys drop troubled home builder Hansen & Horn

December 2, 2009
Scott Olson
Indianapolis-based Hansen & Horn Group Inc. is without legal representation after attorneys defending the troubled home builder from a slew of lawsuits dropped it as a client.
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Clarian Federal Credit Union acquires Community Choice

December 2, 2009
 IBJ Staff
The combined firm will have more than 8,700 members and more than $20 million in assets.
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Cummins to lay off 400-plus workers in New York

December 2, 2009
Andrea Muirragui Davis
Columbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because of a change in emission standards that will cut production from 500 engines a day to 100.
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Shepherd Insurance buys rival DeTrude & Co.

December 2, 2009
J.K. Wall
The acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage since mid-2007.
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Massive CEDIA Expo returning to city after 5-year break

December 2, 2009
Andrea Muirragui Davis
The locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.
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Part of Mississippi's Zyprexa case against Lilly dismissed

December 2, 2009
 IBJ Staff
Indianapolis-based Eli Lilly and Co. has won a bid to dismiss part of a negligence lawsuit brought by Mississippi that alleges improper marketing of antipsychotic drug Zyprexa for unapproved uses.
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Trailer maker plans to add 100 jobs in Peru

December 2, 2009
 IBJ Staff
Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
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SEC probing Durham deal with Texas firm

December 1, 2009
Greg Andrews
A Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham's Fair Finance Co.
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Local IT consulting firm plans to add 200 workers

December 1, 2009
Scott Olson
Indianapolis' largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Symons and family ordered to pay $34.2 million in fraud case

December 1, 2009
Scott Olson
A high-profile businessman and the Indianapolis companies he operated with family members have been ordered by a federal judge to pay $34.2 million relating to the fraudulent transfer of assets in a business sale.
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Grain Dealers finalizes affiliation with Florida firm

December 1, 2009
Scott Olson
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, has closed on a deal to became part of The Main Street America Group, the Jacksonville, Fla.-based company said Tuesday morning.
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Lilly extends research pact with India firm

December 1, 2009
 IBJ Staff
Jubilant Organosys Ltd. and Indianapolis-based Eli Lilly and Co. extended their collaboration, which began in 2005, by five years.
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Carmel buying 12 acres for new well field

December 1, 2009
Cory Schouten
The city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.
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Express Scripts closes $4.7B deal to buy WellPoint pharmacy unit

December 1, 2009
 IBJ Staff
St. Louis-based Express Scripts Inc. has completed its $4.7 billion acquisition of WellPoint Inc.’s pharmacy benefits management business, the company said Tuesday.
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Lilly Endowment grant extends jobs program

December 1, 2009
A $2.3 million grant awarded by Lilly Endowment Inc. on Monday will enable the Indianapolis Private Industry Council to continue a jobs program through 2011.
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Smoking ban bill sent back to committee

November 30, 2009
Brock Benefiel
The fate of a proposal that would impose a stricter workplace smoking ban in Indianapolis remains up in the air after the City-County Council voted Monday night to send the bill back to committee for further review.
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Report: Simon considers sale of European properties

November 30, 2009
Cory Schouten
Simon Property Group Inc. may sell several of its properties in Europe to help raise funds for a possible bid for bankrupt rival General Growth Properties.
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Feds drop Durham asset-seizure suit

November 30, 2009
Greg Andrews
The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham's assets after receiving assurance they wouldn't vanish.
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  1. The Walgreens did not get a lot of traffic. It was not located on the corner of the intersection, and not really visible from Emerson. Meanwhile the CVS there is huge and right on the corner. I am guessing a lot of people drove by a million times and never knew the Walgreens was there. Although, with the new Walmart market going in, that area could really see a lot of increase in traffic soon.

  2. You folks don't have a clue. There is a legal way to enter this country and to get aid. This left unchecked could run us to ruin quickly. I also heard that 'supporters' were getting major $$ to take them in? Who's monitoring this and guess who pays the bill? I support charitable organizations... but this is NOT the way to do it!

  3. Apparently at some time before alcohol has been served at the fair. The problem is that beer or wine used to be a common drink for people before soft drinks and was not thought to be that unusual. Since many folks now only drink to see how much they can drink or what kind of condition they can end up in it becomes more problematic. Go to Europe and its no big deal just as if you had sodas of milk to drink everyday. Its using common sense that is lacking now days.

  4. To address the epic failure of attracting race fans to both the Indy 500 and Brickyard 400 would take too much of my time to write. Bottom line Boles is clueless and obviously totally out of touch with the real paying fan base. I see nothing but death spin coming for the Brickyard, just like Indy. Get somebody in a place of power that understands what race fans want.

  5. I am a race fan through & through. It doesn't matter if it's Indy cars or Nascar. I love a great race. I go to several other tracks each year and you can see the entire track. I know Indy has tradition, but fans want to see the entire race. I sit in the Penthouse, am almost 60 years old, and would like to see a better TV screen in turn 1 so you can see the entire race. Then I think Indy needs to install an escalator so us old folks can make it up to the Penthouse and down again if we want more options to purchase food and drinks. Just a race fans opinion. Lights won't make the race any better, but you might be able to see the TV better at night. Turn 1's screen needs replaced with a better and bigger screen.

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