News & Analysis

Atlanta dates set for former Indy tennis event

December 17, 2009
 IBJ Staff and Associated Press
As first reported by IBJ on Nov. 28, the men's tennis event that is leaving Indianapolis is heading to Atlanta, the ATP confirmed.
More

Newspapers seek to unseal Durham search warrants

December 17, 2009
Greg Andrews
Daily newspapers on Thursday filed a motion seeking to unseal search warrant documents related to the federal investigation of Indianapolis businessman Tim Durham and Akron, Ohio-based Fair Finance Co.
More

New CIB membership nearly set

December 17, 2009
Scott Olson
Marion County Commissioners reappointed Doug Brown on Thursday morning to the Indianapolis Capital Improvement Board, leaving only one seat open on the nine-member panel whose financial troubles this year have elevated its profile.
More

Brightpoint pays $31M for distribution facility

December 17, 2009
Cory Schouten
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility in Plainfield.
More

Conseco shoots for $222M in stock offering

December 17, 2009
 IBJ Staff and Associated Press
The company plans to use at least $150 million to repay debt under its senior credit agreement. The remaining proceeds will be used for general corporate purposes.
More

Local funeral home operator interested in troubled Memory Gardens

December 16, 2009
Scott Olson
Indianapolis-based Wilson St. Pierre Funeral Service & Crematory is one of two companies that have emerged as potential suitors of the embattled Memory Gardens Management Corp.
More

New BioCrossroads venture fund raises $58 million

December 16, 2009
Peter Schnitzler
The new INext fund is the successor to the $73 million Indiana Future Fund, which the life science initiative raised in 2003.
More

Senate rejects drug-importation proposal

December 16, 2009
 IBJ Staff and Associated Press
The U.S. Senate voted down a plan Tuesday to allow Americans to import prescriptions from abroad, handing drug makers such as Indianapolis-based Eli Lilly and Co. a victory.
More

Cummins engine business president stepping down

December 16, 2009
 IBJ Staff and Associated Press
Engine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in 2005.
More

Big Ten Conference ready to explore expansion

December 15, 2009
 IBJ Staff and Associated Press
According to a statement released Tuesday afternoon, the Big Ten Council of Presidents/Chancellors "believes that the timing is right for the conference to once again conduct a thorough evaluation of options for conference structure and expansion."
More

New president elected for Indiana AFL-CIO

December 15, 2009
Associated Press
Nancy Guyott is the first woman to be president of the Indiana AFL-CIO.
More

Speedway slashes schedule of May activities

December 15, 2009
Anthony Schoettle
Belt tightening for the Indianapolis Motor Speedway and Indy Racing League continues with the much-anticipated announcement that the Brickyard's "month of May" activities will be shortened in 2010.
More

UPDATE: Steak n Shake plan makes 'perfect sense' to investment pro

December 15, 2009
Scott Olson, Cory Schouten
The Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment adviser, if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
More

IT firm officially announces plans to create 200 jobs

December 15, 2009
Scott Olson
Executives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger, with the addition of 200 jobs by 2012.
More

Binford group plots next steps in retail revival

December 15, 2009
Tom Harton
The commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on implementing a master plan.
More

Hurco posts quarterly, yearly losses

December 15, 2009
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses to obtain financing to purchase Hurco's products.
More

Steak n Shake plans 20-1 reverse stock split

December 15, 2009
Cory Schouten
The Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
More

$60M Lilly Endowment grant to fund IU physician research

December 15, 2009
Peter Schnitzler
Indiana University, which has received nearly $600 million from the endowment over the last three decades, will leverage the new gift to increase its scientific discoveries and commercialize life science innovations.
More

Conseco offering new shares at $4.73 apiece

December 14, 2009
J.K. Wall
Carmel-based insurer hopes to raise $234 million through public offering.
More

IUPUI seeking funds from CIB to renovate Natatorium

December 14, 2009
Scott Olson
IUPUI says it needs about $15 million to renovate the aging Natatorium swimming complex and wants the city's Capital Improvement Board to fund part of the expense.
More

Still hoping to sell securities, Fair Finance seeks extension

December 14, 2009
Greg Andrews
Tim Durham's Fair Finance Co. says it needs another 30 days to provide Ohio regulators with a mountain of documents they requested relating to insider loans and other issues.
More

Former Visteon plant lined up for Carbon Motors

December 14, 2009
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
More

Supreme Court rejects Indiana's appeal of Chrysler sale

December 14, 2009
 IBJ Staff and Associated Press
The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's bankruptcy proceedings.
More

Lilly wins approval for long-acting Zyprexa

December 14, 2009
J.K. Wall
Once-a-month injection of best-selling drug will have patents that could extend until 2018.
More

Local home builder placed in receivership

December 14, 2009
Scott Olson
A receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based home builder should remain in business.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
  1. Here are a few candidates for this new group, "ripped from the headlines." First up, that bizzaro State Senator Brent Waltz; secondly, the unethical Todd Huston, and his contractual arrangements scheme; Finally, but not least of all, the dishonorable Eric Turner. What sayeth you Greg Zoeller?

  2. Good day. I can't hide this great testimony that take place in my life I will love everyone to know it and be partaker that is why I always place it on answer, I am Mrs,Natalie Cuttaia by name, I live in Texas, United State Of America, I want to thank (Mr.Bruce Brandon) for his kindness upon my family life. I never knew that there is still nice lender like this on internet and earth here. Just some Months Back, I was in search for a loan of $100,000,00 as I was running out of money for feeding and rent. I was scammed $6,800 Dollars and I decided not to involve my self in such business again but a Friend of my introduced me to a loan firm due to my appearance and doings. And I told him that I am not interested of any loan deal anymore but he told me that there is still a nice lender who he will recommend me to, and I made a trial and I am most grateful lucky am I today, I was given a loan amount of $100,000.00usd, by this great Company (Bruce Brandon Loan Company) managed by (Mr.Bruce Brandon) If you are in need of a genuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds I will advice you to, contact him via: ( bruce.brandon071@gmail.com ) And you will be free from scams in the internet. All thanks to Mr.Bruce Brandon You are the one who remove me and my family out of poverty. The reason why i am doing this is that, i promise Mr.Bruce Brandon that if i truly got my loan, i will advertize his company and bring customers to his company. Contact him via ( bruce.brandon071@gmail.com )for the Loan you have been looking for..

  3. Hello, We are firm Organization formed to help people in needs of helps,such as financial help. So if you are going through financial difficulty or you are in any financial mess,and you need funds to start up your own business,or you need loan to settle your debt or pay off your bills,start a nice business, or you are finding it hard to obtain capital loan from local banks,contact us today via email mrsroseberrywilkinsfunds.usa@gmail.com So do not let these opportunity pass you by because Jesus is the same yesterday, today and forever more. Please these is for serious minded and God fearing People. Your Name: Loan Amount: Loan Duration: Valid Cell Phone Number: Thanks for your understanding to your contact as we Await Regards Management Email:mrsroseberrywilkinsfunds.usa@gmail.com

  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

  5. Aldi is generally a great shopping experience. Still, I'm sure YOU wouldn't want to shop there, which I consider a positive.

ADVERTISEMENT