News & Analysis

Kittle's Furniture shuffles executives, names new CEO

January 12, 2010
Jim Kittle Jr., the company's owner and chairman of the board, will be less involved in daily operations, giving two executives more responsibility.
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Riley Towers expansion in works

January 12, 2010
Tom Harton
The owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark downtown property.
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Brightpoint increases stock repurchase to $80 million

January 12, 2010
Scott Olson
Indianapolis-based cell phone distributor is buying back more shares as part of a settlement it reached in October with Denmark holding company NC Telecom Holding A/S, which Brightpoint bought in 2007.
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Tillmann out as Roche Diagnostics CEO

January 11, 2010
J.K. Wall
The management change comes as the Indianapolis company's diabetes market share has been sliding. Roche says successor will be named "shortly."
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Realty franchise gives Sotheby's a presence in Indianapolis

January 11, 2010
Scott Olson
Four veteran real estate agents are operating as part of Sotheby's international network. The north-side office opened Friday and already has 117 residential listings in the metropolitan area.
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Cummins gets $54M to improve fuel efficiency

January 11, 2010
 IBJ Staff and Associated Press
Columbus engine maker Cummins Inc. will receive nearly $54M in federal funding as part of a program designed to significantly increase fuel efficiency in heavy trucks and passenger vehicles, U.S. Energy Secretary Steven Chu announced Monday.
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Hillenbrand acquiring conveyor manufacturer

January 11, 2010
The Batesville holding company said it will purchase K-Tron International Inc. in New Jersey for about $435 million, including $45 million in K-Tron debt and cash on hand. The deal is expected to close by the end of March.
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Bill could pave way for Indiana nuclear power plantsRestricted Content

January 9, 2010
Chris O'Malley
The word “nuclear” isn’t even mentioned, but Senate Bill 69 is a virtual launch code for reviving attempts at commercial nuclear power in Indiana.
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Patrick's return may reshuffle sports-talk ad spendingRestricted Content

January 9, 2010
Anthony Schoettle
Local advertisers and media buyers said they’ll keep a close eye on the first half of 2010 to see how Patrick, who launched his show Jan. 4, matches up against WFNI-AM 1070’s afternoon drive time show.
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City's once-thriving stand-up comedy scene fades

January 9, 2010
Kathleen McLaughlin
Crackers' Broad Ripple and downtown locations are the only remaining comedy clubs in Indianapolis.
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Death of heiress Ruth Lilly unleashes more philanthropy

January 9, 2010
Kathleen McLaughlin
Lilly's death on Dec. 30 at age 94 will trigger the release of hundreds of millions of dollars from her estate, with perhaps as much as $200 million flowing to the fledgling Ruth Lilly Charitable Foundation.
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Venue-management titans emerge as CIB front-runners

January 9, 2010
Peter Schnitzler
Experts say a unique four-way partnership that includes the Pacers and Indianapolis Convention & Visitors Association may be the favorite to run the city's sports and convention venues.
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Hiring family, friends can be dicey for business owners

January 9, 2010
Marc D. Allan
Employing relatives or pals can be a godsend or a nightmare for small firms. And anecdotal evidence suggests it could be even rougher on women business owners than it is on men.
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Program offers women entrepreneurs their own experts

January 9, 2010
Tawn Parent
AthenaPowerLink selects Carmel firm Mitsch Design as the first woman-owned business it will assist locally.
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Law firm Alerding Castor Hewitt hires ExactTarget's ex-general counselRestricted Content

January 9, 2010
Peter Schnitzler
William Boncosky spent seven years at the ExactTarget, a span when the firm's employment grew from 14 to 500.
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City's plan to raise money with sponsorships takes wing with KFCRestricted Content

January 9, 2010
Anthony Schoettle
Mayor Greg Ballard this month rolled out the first of what he hopes will be 10 to 15 city sponsorship and advertising deals this year, with the aim of saving taxpayers hundreds of thousands of dollars annually.
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Doctors resume battle with Anthem, health insurersRestricted Content

January 9, 2010
J.K. Wall
Doctors are pushing again to strengthen their hands in contract negotiations with health insurers, especially market leader Anthem Blue Cross and Blue Shield.
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Adversity prepared health exec for new role at helm of SynCare

January 9, 2010
J.K. Wall
Stephanie DeKemper believes everything in her adult life has prepared her to run SynCare LLC. She’s so sure that she’s buying the company.
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King Tut boosts attendance at Children's Museum

January 8, 2010
Kathleen McLaughlin
The museum counted 1.3 million visits last year, an increase of 270,000, or 26 percent, over 2008.
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Simon family fight breaks out over billionaire's fortune

January 8, 2010
Greg Andrews
Melvin Simon’s daughter Deborah filed court papers Thursday afternoon charging her father was coerced into approving a new estate plan in February 2009 that dramatically increased the amount of his fortune going to her stepmother, Bren.
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Former cemetery owner avoids prison time

January 8, 2010
Scott Olson
Robert E. Nelms received an eight-year sentence that will be served through a community corrections program after pleading guilty to theft and securities fraud.
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Emmis 3Q revenue declines, but company still posts profit

January 8, 2010
Anthony Schoettle
Indianapolis-based Emmis Communications Corp. reported lower revenue during its fiscal third quarter, but still managed a small profit.
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Big companies seek chance to bid on CIB privatization

January 8, 2010
Peter Schnitzler
Indianapolis receives a dozen responses to its proposal to privatize management of Lucas Oil Stadium, the Indiana Convention Center and, perhaps, Conseco Fieldhouse.
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Jones Lang LaSalle lures top industrial broker from CTMT

January 8, 2010
Cory Schouten
One of the city's most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker to join Chicago-based Jones Lang LaSalle.
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Office furniture dealer acquires competitor

January 8, 2010
Commercial Office Environments gets larger with its purchase of Area 4 Office Furniture. Operations of the two companies will be consolidated at Commercial Office Environments' facility on Zionsville Road.
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