http://www.ibj.com/ The latest headlines, breaking news and updates, with in-depth coverage, only from IBJ. en-us Thu, 20 Jun 2013 02:44:07 GMT Thu, 20 Jun 2013 02:44:07 GMT http://www.ibj.com/reits-tumble-most-since-2011-on-concern-of-rising-rates/PARAMS/article/42016 Thu, 20 Jun 2013 02:44:07 GMT Shares in U.S. real estate investment trusts fell the most in 19 months Wednesday. Three major REITs, all based in Indianapolis, saw their shares drop on Wednesday. http://www.ibj.com/reits-tumble-most-since-2011-on-concern-of-rising-rates/PARAMS/article/42016 http://www.ibj.com/judges-consider-tossing-60m-penn-st-fund-lawsuit/PARAMS/article/42014 Wed, 19 Jun 2013 19:53:00 GMT A panel of Pennsylvania judges will soon decide whether to side with the NCAA and throw out a lawsuit filed by a state senator and the state treasurer over the massive fine imposed on Penn State for its handling of the Jerry Sandusky scandal. http://www.ibj.com/judges-consider-tossing-60m-penn-st-fund-lawsuit/PARAMS/article/42014 http://www.ibj.com/holcomb-other-top-leaders-leaving-indiana-gop-helm/PARAMS/article/42013 Wed, 19 Jun 2013 18:51:00 GMT Indiana Republican Party Chairman Eric Holcomb announced Wednesday he was leaving to take a job outside politics. Former Lt. Gov. Becky Skillman, Vice Chair Sandi Huddleston and Executive Director Justin Garrett also are leaving their posts. http://www.ibj.com/holcomb-other-top-leaders-leaving-indiana-gop-helm/PARAMS/article/42013 http://www.ibj.com/tyco-to-buy-fishers-based-business-for-150m/PARAMS/article/42012 Wed, 19 Jun 2013 17:29:00 GMT Tyco International Ltd. said Wednesday that it reached a deal to acquire Exacq Technologies Inc., which develops video management systems for security and surveillance uses. http://www.ibj.com/tyco-to-buy-fishers-based-business-for-150m/PARAMS/article/42012 http://www.ibj.com/manufacturer-to-relocate-to-muncie-add-288-new-jobs/PARAMS/article/42007 Wed, 19 Jun 2013 16:41:00 GMT A maker of a new heavy-equipment vehicle that uses clean energy plans to invest $4.6 million in an engineering and assembly facility and ramp up operations as orders come in. http://www.ibj.com/manufacturer-to-relocate-to-muncie-add-288-new-jobs/PARAMS/article/42007 http://www.ibj.com/aclu-sues-bmv-over-gay-youth-group-case/PARAMS/article/42008 Wed, 19 Jun 2013 16:15:38 GMT The American Civil Liberties Union of Indiana filed a federal lawsuit Wednesday against the Indiana Bureau of Motor Vehicles, seeking the reinstatement of specialty auto license plates for a group that counsels gay and lesbian youth. http://www.ibj.com/aclu-sues-bmv-over-gay-youth-group-case/PARAMS/article/42008 http://www.ibj.com/landmark-ncaa-player-likeness-case-set-to-get-underway/PARAMS/article/42004 Wed, 19 Jun 2013 13:42:09 GMT Plaintiffs say the case, which heads to court Thursday, may reduce the $6.4 billion in annual revenue that universities get from athletics by as much as 50 percent. http://www.ibj.com/landmark-ncaa-player-likeness-case-set-to-get-underway/PARAMS/article/42004 http://www.ibj.com/proliance-energy-sold-to-dallas-company/PARAMS/article/41999 comalley@ibj.com Wed, 19 Jun 2013 12:48:00 GMT Indianapolis-based ProLiance Energy, which has lost tens of millions of dollars in recent years amid falling natural gas prices, is being sold to Dallas-based Energy Transfer Partners. http://www.ibj.com/proliance-energy-sold-to-dallas-company/PARAMS/article/41999 http://www.ibj.com/former-indy-attorney-sentenced-for-theft-from-estate/PARAMS/article/41998 Wed, 19 Jun 2013 03:58:00 GMT Former Indianapolis attorney David F. Rees was sentenced to four years of home detention and two years of probation after pleading guilty to stealing more than $270,000 from an estate that he was charged with managing. http://www.ibj.com/former-indy-attorney-sentenced-for-theft-from-estate/PARAMS/article/41998 http://www.ibj.com/fishers-first-mayoral-election-set-for-next-year/PARAMS/article/41997 Wed, 19 Jun 2013 03:43:00 GMT Fishers residents will elect their first mayor a year earlier than expected due to a change in state law that establishes Jan. 1, 2015, as the date the town becomes a city. http://www.ibj.com/fishers-first-mayoral-election-set-for-next-year/PARAMS/article/41997 http://www.ibj.com/indiana-county-allowed-to-develop-fertilizer-plant/PARAMS/article/41996 Wed, 19 Jun 2013 03:10:12 GMT The state won't stand in the way of a fertilizer plant that a Pakistan-based group is developing in southwestern Indiana despite reservations expressed by Gov. Mike Pence, his office said Tuesday. http://www.ibj.com/indiana-county-allowed-to-develop-fertilizer-plant/PARAMS/article/41996 http://www.ibj.com/lillys-zyprexa-injection-probed-by-fda-after-deaths/PARAMS/article/41995 Tue, 18 Jun 2013 16:39:00 GMT Eli Lilly and Co.’s injectable form of the antipsychotic Zyprexa is being investigated by U.S. regulators after two patients died three to four days after receiving the drug. http://www.ibj.com/lillys-zyprexa-injection-probed-by-fda-after-deaths/PARAMS/article/41995 http://www.ibj.com/noble-romans-gets-rolling-with-take-and-bake-franchises/PARAMS/article/41991 Tue, 18 Jun 2013 16:05:00 GMT Since October, franchisees have opened the first seven stand-alone, take-and-bake locations—dubbed Noble Roman’s Take-n-Bake P’ZA. Nine more are in development or under construction. http://www.ibj.com/noble-romans-gets-rolling-with-take-and-bake-franchises/PARAMS/article/41991 http://www.ibj.com/court-upholds-indiana-legislative-boycott-fines/PARAMS/article/41990 Tue, 18 Jun 2013 14:53:00 GMT The Indiana Supreme Court has upheld fines levied by House Republicans against Democrats for their 2011 legislative walkout over right-to-work legislation. http://www.ibj.com/court-upholds-indiana-legislative-boycott-fines/PARAMS/article/41990 http://www.ibj.com/drugmakers-may-face-pay-for-delay-suits-high-court-rules/PARAMS/article/41987 Tue, 18 Jun 2013 13:33:00 GMT Drug companies like Eli Lilly and Co. can be sued for paying rivals to delay low-cost versions of popular medicines, the U.S. Supreme Court said in a decision that rewrites the rules governing the release of generic drugs. http://www.ibj.com/drugmakers-may-face-pay-for-delay-suits-high-court-rules/PARAMS/article/41987 http://www.ibj.com/duke-energy-names-cfo-to-replace-rogers-as-chief-exec/PARAMS/article/41986 Tue, 18 Jun 2013 13:06:00 GMT Former Indiana utility executive Jim Rogers, 65, agreed in November to step down under a settlement with North Carolina regulators. http://www.ibj.com/duke-energy-names-cfo-to-replace-rogers-as-chief-exec/PARAMS/article/41986 http://www.ibj.com/incentives-draw-industrial-developer-to-ameriplex/PARAMS/article/41980 solson@ibj.com Tue, 18 Jun 2013 12:00:00 GMT A city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative building in AmeriPlex and to plan construction of another, 460,000-square-foot building there. http://www.ibj.com/incentives-draw-industrial-developer-to-ameriplex/PARAMS/article/41980 http://www.ibj.com/report-charitable-giving-by-americans-on-the-rise/PARAMS/article/41983 adavis@ibj.com Tue, 18 Jun 2013 04:01:00 GMT Americans gave an estimated $316.2 billion to charity last year, continuing a string of small philanthropic gains. What cause got the bulk of the bounty? http://www.ibj.com/report-charitable-giving-by-americans-on-the-rise/PARAMS/article/41983 http://www.ibj.com/pence-putting-stamp-on-indiana-with-new-goals/PARAMS/article/41984 Tue, 18 Jun 2013 03:16:08 GMT Indiana Gov. Mike Pence announced Monday he will shuffle where state agencies focus most of their efforts. State Budget Director Chris Atkins said the new priorities reflect the goals that Pence laid out in his campaign. http://www.ibj.com/pence-putting-stamp-on-indiana-with-new-goals/PARAMS/article/41984 http://www.ibj.com/indiana-agency-sued-over-cuts-to-program-for-disabled/PARAMS/article/41982 Mon, 17 Jun 2013 19:50:11 GMT A federal lawsuit says Indiana's social services agency has made changes to Medicaid waiver programs that threaten to deprive thousands of developmentally disabled people of income they need to survive outside of institutions. http://www.ibj.com/indiana-agency-sued-over-cuts-to-program-for-disabled/PARAMS/article/41982 http://www.ibj.com/fundex-building-set-for-july-auction/PARAMS/article/41924 solson@ibj.com Mon, 17 Jun 2013 14:42:00 GMT One of the last remnants of the bankrupt game maker and distributor is set to be sold at auction next month. The parent of the company that makes the iconic Slinky bought Fundex in December. http://www.ibj.com/fundex-building-set-for-july-auction/PARAMS/article/41924 http://www.ibj.com/world-looks-to-bernanke-to-clarify-stimulus-plans/PARAMS/article/41972 Mon, 17 Jun 2013 14:06:04 GMT Financial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back its effort to keep long-term rates at record lows within "the next few meetings"— earlier than many had assumed. http://www.ibj.com/world-looks-to-bernanke-to-clarify-stimulus-plans/PARAMS/article/41972 http://www.ibj.com/lilly-to-take-over-development-of-diabetes-drug/PARAMS/article/41971 Mon, 17 Jun 2013 13:49:00 GMT Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. at least $7 million and up to as much as $247 million to take over the development of a potential diabetes treatment. http://www.ibj.com/lilly-to-take-over-development-of-diabetes-drug/PARAMS/article/41971 http://www.ibj.com/electronic-proof-of-auto-insurance-coming-to-indiana/PARAMS/article/41969 Mon, 17 Jun 2013 13:21:04 GMT Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws. http://www.ibj.com/electronic-proof-of-auto-insurance-coming-to-indiana/PARAMS/article/41969 http://www.ibj.com/file-sharing-firm-to-invest-21m-add-up-to-30-jobs/PARAMS/article/41968 Mon, 17 Jun 2013 10:53:00 GMT Indianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street operational by September. http://www.ibj.com/file-sharing-firm-to-invest-21m-add-up-to-30-jobs/PARAMS/article/41968 http://www.ibj.com/former-governor-candidate-gregg-buys-country-grocery/PARAMS/article/41966 Mon, 17 Jun 2013 10:27:00 GMT The Democrat said he hopes his purchase of Yagles Country Cupboard will help the store provide more services to the largely Amish southern Indiana community and create a few jobs. http://www.ibj.com/former-governor-candidate-gregg-buys-country-grocery/PARAMS/article/41966 http://www.ibj.com/disparate-indiana-pols-agree-istep-answers-needed/PARAMS/article/41965 Mon, 17 Jun 2013 03:11:58 GMT A legislative panel studying why 78,000 test-takers were frozen out of the high-stakes exam test last month plans to meet Friday to hear from CTB/McGraw-Hill President Ellen Haley on what went wrong. http://www.ibj.com/disparate-indiana-pols-agree-istep-answers-needed/PARAMS/article/41965 http://www.ibj.com/hilberts-private-equity-management-firm-files-for-chapter-11/PARAMS/article/41963 gandrews@ibj.com Sat, 15 Jun 2013 14:29:00 GMT The move, the latest fallout from the executive's feud with hardware king John Menard, puts on hold a Wisconsin lawsuit that sought millions of dollars from the company. http://www.ibj.com/hilberts-private-equity-management-firm-files-for-chapter-11/PARAMS/article/41963 http://www.ibj.com/governments-helped-fuel-nursing-facility-developers-rise/PARAMS/article/41941 kmclaughlin@ibj.com Sat, 15 Jun 2013 06:00:00 GMT Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives. http://www.ibj.com/governments-helped-fuel-nursing-facility-developers-rise/PARAMS/article/41941 http://www.ibj.com/veteran-custom-homebuilder-taking-prefabs-downtown/PARAMS/article/41942 solson@ibj.com Sat, 15 Jun 2013 06:00:00 GMT Ursula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for the prefabs—the urban core. http://www.ibj.com/veteran-custom-homebuilder-taking-prefabs-downtown/PARAMS/article/41942 http://www.ibj.com/suit-menard-pressured-tomisue-for-sexual-favors/PARAMS/article/41944 jkwall@ibj.com Sat, 15 Jun 2013 06:00:00 GMT The lawsuit charges Tomisue Hilbert's rejection of the billionaire is the real reason he launched a bitter battle to remove her husband, Steve Hilbert, as CEO of the Indianapolis-based private-equity funds the three of them started in 2005. http://www.ibj.com/suit-menard-pressured-tomisue-for-sexual-favors/PARAMS/article/41944 http://www.ibj.com/hamilton-county-wants-squirrels-on-parade/PARAMS/article/41947 adavis@ibj.com Sat, 15 Jun 2013 06:00:00 GMT Inspired by more than 100,000 migratory squirrels that swarmed through Westfield and Fishers in the 1820s, a group of up-and-coming Hamilton County leaders is working on a public-art initiative celebrating the bushy-tailed rodents. http://www.ibj.com/hamilton-county-wants-squirrels-on-parade/PARAMS/article/41947 http://www.ibj.com/new-hostess-owners-seek-abatement-on-new-equipment/PARAMS/article/41960 cschouten@ibj.com Fri, 14 Jun 2013 16:31:00 GMT The new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant on the east side that could employ up to 145 people. http://www.ibj.com/new-hostess-owners-seek-abatement-on-new-equipment/PARAMS/article/41960 http://www.ibj.com/city-wont-take-back-suspect-properties-sold-by-land-bank/PARAMS/article/41958 kmclaughlin@ibj.com Fri, 14 Jun 2013 16:01:00 GMT The city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner. http://www.ibj.com/city-wont-take-back-suspect-properties-sold-by-land-bank/PARAMS/article/41958 http://www.ibj.com/city-to-host-usa-cricket-championships-in-2014/PARAMS/article/41957 Fri, 14 Jun 2013 15:07:00 GMT The tournament is slated for the new Indianapolis World Sports Park on the far-east side for three years beginning in 2014, the USA Cricket Association said. http://www.ibj.com/city-to-host-usa-cricket-championships-in-2014/PARAMS/article/41957 http://www.ibj.com/estate-of-financial-centers-former-ceo-seeks-payout-from-credit-union/PARAMS/article/41954 comalley@ibj.com Fri, 14 Jun 2013 15:05:00 GMT The widow of former Financial Center CEO Roger Youngs alleges in a lawsuit that the Indianapolis credit union owes his estate $936,162, per his retirement agreement. http://www.ibj.com/estate-of-financial-centers-former-ceo-seeks-payout-from-credit-union/PARAMS/article/41954 http://www.ibj.com/ipl-credits-1b-in-indiana-investments-with-nabbing-new-us-hub/PARAMS/article/41955 dhuman@ibj.com Fri, 14 Jun 2013 14:57:00 GMT The state's corporate-friendly environmental policies aside, Indianapolis Power and Light Co.’s parent chose the city as its new center for U.S. operations largely because of the utility's billion-dollar upgrades. http://www.ibj.com/ipl-credits-1b-in-indiana-investments-with-nabbing-new-us-hub/PARAMS/article/41955 http://www.ibj.com/aes-corp-plans-to-locate-us-operations-hq-in-indianapolis/PARAMS/article/41953 Fri, 14 Jun 2013 14:06:00 GMT AES Corp., the multinational parent of Indianapolis Power & Light Co., says the move will cost $1.2 million and create up to 100 jobs by the end of 2014. http://www.ibj.com/aes-corp-plans-to-locate-us-operations-hq-in-indianapolis/PARAMS/article/41953 http://www.ibj.com/report-people-problems-persist-in-manufacturing-logistics/PARAMS/article/41918 dhuman@ibj.com Fri, 14 Jun 2013 14:00:00 GMT Indiana's manufacturing and logistics sectors are undoubtedly strong, but work-force quality issues continue to nag the state, according to an industry report card released Friday morning. http://www.ibj.com/report-people-problems-persist-in-manufacturing-logistics/PARAMS/article/41918 http://www.ibj.com/japanese-auto-supplier-adding-103-jobs-in-columbus/PARAMS/article/41950 Fri, 14 Jun 2013 11:37:00 GMT Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional facilities on its 33-acre campus. http://www.ibj.com/japanese-auto-supplier-adding-103-jobs-in-columbus/PARAMS/article/41950 http://www.ibj.com/lilly-halts-trial-of-experimental-alzheimers-drug/PARAMS/article/41949 Fri, 14 Jun 2013 10:20:19 GMT The trial ended after participants showed abnormal liver biochemistry, the Indianapolis-based drugmaker said Thursday in a statement. http://www.ibj.com/lilly-halts-trial-of-experimental-alzheimers-drug/PARAMS/article/41949 http://www.ibj.com/indiana-landmarks-nearing-25m-fundraising-goal/PARAMS/article/41937 adavis@ibj.com Thu, 13 Jun 2013 22:15:00 GMT Preservation group Indiana Landmarks kicked off the public portion of its $25 million capital and endowment campaign Thursday evening, entering the homestretch of a fundraising effort that began in 2010. http://www.ibj.com/indiana-landmarks-nearing-25m-fundraising-goal/PARAMS/article/41937 http://www.ibj.com/conour-still-free-after-hearing-but-judge-deeply-concerned/PARAMS/article/41909 Thu, 13 Jun 2013 17:11:00 GMT A federal judge has withheld a ruling on revoking the bond for William Conour, the former high-profile personal-injury attorney accused of defrauding 25 or more clients of at least $4.5 million. http://www.ibj.com/conour-still-free-after-hearing-but-judge-deeply-concerned/PARAMS/article/41909 http://www.ibj.com/top-6-exacttarget-officers-reap-925m-in-option-gains-in-sale/PARAMS/article/41912 dhuman@ibj.com Thu, 13 Jun 2013 16:11:00 GMT The gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person work force will rack up, regulatory filings show. http://www.ibj.com/top-6-exacttarget-officers-reap-925m-in-option-gains-in-sale/PARAMS/article/41912 http://www.ibj.com/ipl-parent-eyes-indy-for-corporate-hub/PARAMS/article/41907 kmclaughlin@ibj.com Thu, 13 Jun 2013 15:51:00 GMT AES Corp., based in Arlington, Va., has been considering Indianapolis as the hub for a new shared-services center, and is planning a major economic development announcement in the city on Friday. http://www.ibj.com/ipl-parent-eyes-indy-for-corporate-hub/PARAMS/article/41907 http://www.ibj.com/greenwood-sues-over-failed-pharmaceutical-facility/PARAMS/article/41906 Thu, 13 Jun 2013 15:04:00 GMT Greenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies, without any progress. http://www.ibj.com/greenwood-sues-over-failed-pharmaceutical-facility/PARAMS/article/41906 http://www.ibj.com/state-selling-seats-from-fairgrounds-coliseum-for-grand-each/PARAMS/article/41905 Thu, 13 Jun 2013 14:41:00 GMT The Indiana State Fair Foundation says 100 pairs of platform-mounted seats are being sold for $1,000 each. All the money raised from the sale will help pay for the ongoing $63 million renovation of the 1939 Fairgrounds Coliseum. http://www.ibj.com/state-selling-seats-from-fairgrounds-coliseum-for-grand-each/PARAMS/article/41905 http://www.ibj.com/new-law-lets-pharmacists-provide-pneumonia-hpv-vaccines/PARAMS/article/41902 Thu, 13 Jun 2013 14:26:00 GMT Starting July 1, pharmacists will be able to offer a much wider variety of immunizations to customers, in an effort from lawmakers to make health care more accessible. http://www.ibj.com/new-law-lets-pharmacists-provide-pneumonia-hpv-vaccines/PARAMS/article/41902 http://www.ibj.com/pence-officials-seek-ethics-opinions-from-panel/PARAMS/article/41900 Thu, 13 Jun 2013 12:17:00 GMT A group of state officials is seeking advice from Indiana's ethics commission about potential conflicts of interest from new jobs and old relationships. http://www.ibj.com/pence-officials-seek-ethics-opinions-from-panel/PARAMS/article/41900 http://www.ibj.com/three-other-companies-courted-exacttarget-before-salesforce-landed-prize/PARAMS/article/41899 dhuman@ibj.com Thu, 13 Jun 2013 11:16:00 GMT At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4. http://www.ibj.com/three-other-companies-courted-exacttarget-before-salesforce-landed-prize/PARAMS/article/41899