News & Analysis

Lilly settles Zyprexa suit with S. Carolina

October 7, 2009
 IBJ Staff
Eli Lilly and Co. has agreed to settle the State of South Carolina's lawsuit that claimed Lilly improperly marketed the antipsychotic drug Zyprexa, according to Bloomberg News.
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Fever exec 'confident' about team's future

October 7, 2009
Scott Olson
As the Indiana Fever try to win their first WNBA championship, an executive with the team's parent organization is optimistic the women’s basketball squad will remain in Indianapolis.
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Symphony musicians, management take big pay cuts

October 7, 2009
Kathleen McLaughlin
Indianapolis Symphony Orchestra musicians will take a 12-percent pay cut this year, saving the cash-strapped organization $4 million. Management-side salary reductions should save another $2 million.
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IU: Indiana economy turned in March

October 7, 2009
Norm Heikens
The Indiana economy turned up in March, but the recovery has been slow and dogged. That's the picture painted by a new monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
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Senate bill doesn't fund Rolls-Royce jet engine

October 7, 2009
 IBJ Staff and Associated Press
The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into a final version.
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'Makeover' making another trip to central Indiana

October 7, 2009
 IBJ Staff
Popular ABC show 'Extreme Makeover: Home Edition' is returning to central Indiana.
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Cummins recalling more workers to Indiana engine plant

October 7, 2009
Andrea Muirragui Davis
Enginemaker Cummins Inc. is temporarily adding a second production shift at its MidRange Engine Plant south of Columbus, recalling as many as 270 workers who had been laid off or transferred to other facilities when it was idled in May.
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Cabela's puts Greenwood property up for sale

October 7, 2009
Cabela's is selling the land on which it had planned to build a store in Greenwood.
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Ivy Tech building new campus in Anderson

October 7, 2009
 IBJ Staff and Associated Press
Ivy Tech Community College will build a $20 million campus along Interstate 69 in Anderson, school and city officials announced Tuesday.
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Remy unveils 'off the shelf' electric motor

October 6, 2009
Chris O'Malley
Pendleton-based Remy International today formally unveiled its 'off the shelf' electric motors for hybrid vehicles.
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IT consultant up for tax abatement

October 6, 2009
Cory Schoute
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
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Indy Partnership's Web site, newsletter recognized

October 6, 2009
Indy Partnership has been chosen to receive three Excellence in Economic Development Awards today at the International Economic Development Council's annual conference in Reno, Nev.
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Logistics firm expanding headquarters in Greenwood

October 6, 2009
Greenwood-based Avram Worldwide said today that it will expand its headquarters and distribution operations in the city, and plans to create 78 jobs by 2013.
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Fishers officials propose huge medical park

October 5, 2009
 IBJ Staff
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69's Exit 10 Wednesday night at the town's regular council meeting.
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Council to hear plan for stricter smoking ban

October 5, 2009
Scott Olson
A proposal that would prevent smokers from lighting up in all indoor public places in Marion County is expected to meet fierce resistance from bar owners who oppose a stricter smoking ban.
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IU sees $63M revenue boost from enrollment jump

October 3, 2009
Associated Press
Indiana University officials say this school year's record enrollment is leading to nearly $63 million in unexpected revenue for its campuses across the state.
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Indianapolis Colts, other small-market NFL teams at risk if salary cap ends

October 3, 2009
Anthony Schoettle
The prospect of a 2010 National Football League season without a players’ salary cap could cause high-profile free agents for the Colts and other small-market teams to gallop off for greener pastures.
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Camera retailer Roberts adjusts to the times, plans new store

October 3, 2009
Cory Schouten
The home-grown retailer lately has sought to supply cameras for government and law-enforcement entities as its once-reliable newspaper clientele scales back.
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Overhaul of teacher training threatens college budgets

October 3, 2009
J.K. Wall
Proposed changes to teacher licensing rules are a threat in the eyes of most deans of Indiana’s colleges of education—both to the quality of teacher training and to the budgets of the colleges.
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Charter school may take over rest of former Herron Art Institute

October 3, 2009
Cory Schouten
Plans for residential development on the site stalled as the housing market plummeted and recession set in.
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FDIC fee hitting small banks particularly hardRestricted Content

October 3, 2009
Scott Olson
Fees imposed on U.S. banks to rebuild a Federal Deposit Insurance Corp. fund nearly depleted by scores of bank failures is expected to sap profits of small financial institutions. Community banks with less income than their larger counterparts are particularly at risk of having their 2009 earnings erased by the charges after an emergency fee on banks took effect June 30.
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Carmel performing arts center betting big on fund raisingRestricted Content

October 3, 2009
Kathleen McLaughlin
Carmel’s $137 million performing arts center is still a year from completion, but Executive Director Steven Libman already is pounding the pavement for donations.
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Carmel man's coupon app for iPhone grabbing Yowza responseRestricted Content

October 3, 2009
Marc D. Allan
A Carmel software developer's app has gotten a lift from a Hollywood actor's unrelenting promotion.
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Stock-market rebound lifts hopes of Hoosier mutual fundsRestricted Content

October 3, 2009
Peter Schnitzler
The economic downturn walloped all three of the mutual funds headquartered in Indiana. But they've each enjoyed significant recoveries this year. And the smallest of the bunch has big plans to break away from the pack.
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City receives host of sale, privatization ideas for water, sewer utilitiesRestricted Content

October 3, 2009
Chris O'Malley
Officials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in upgrades were swamped with proposals about how to fix the mess.
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