Indianapolis Business Journal

AUGUST 16-22, 2010

This week, read about what museums along the Central Canal are doing to attract some of the passersby, and see how members of the SImon family made millions on a New Jersey development project.  Also, Greg Andrews takes a look at what the Fair Finance bankruptcy trustee is finding as he digs through the company's books. And in A&E, see what Lou and crew thought of the signature food at this year's Indiana State Fair—complete with a video tour.

Front PageBack to Top

Unsettled NFL labor pact complicates Manning contract

Colts owner Jim Irsay wants to make quarterback Peyton Manning the highest-paid player in the NFL when his contract expires next year. But a dispute over compensation in the National Football League is complicating efforts to sign him to a long-term deal.

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Battery-maker EnerDel eyes utility power-storage market

Locally based EnerDel Inc. has been riding high on prospects its lithium-ion batteries will be in hot demand to power plug-in
electric vehicles, but another market might be larger. A Piper Jaffray report estimates the global market for batteries used
to store electricity on utility power grids could be $600 billion over 10 years.

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Lilly braces for plunge in profits

Indianapolis-based drugmaker Eli Lilly and Co. faces such an unprecedented string of patent expirations and an unheard-of
loss of revenue that it’s hard to picture what the company will look like in five years.

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Top StoriesBack to Top

New Jersey project enriched Simons

The battle over the estate of Melvin Simon has thrown a spotlight on a New Jersey development project that, by itself, has
made many Simon family members multi-millionaires.

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Purdue aims to boost solar progress

Purdue University will join the quest for cheap solar-generated electricity with an initiative aimed at speeding up research
across the industry. The Network for Photovoltaic Technology will launch this fall, focused on creating computer models to
eliminate costly and slow trial-and-error research in the solar industry.

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GM plant offer sets off union power struggle

The UAW in Detroit said Local 23 will vote Monday on Illinois-based JD Norman's proposal to buy an Indianapolis stamping
plant where more than 600 work, but a local rep says workers don't want to negotiate.

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FocusBack to Top

OpinionBack to Top

MARCUS: Unemployment is a waste of our resources

People have to be hired to do valuable things with the money the government pumps into the economy. That money can’t be given to people or to businesses with the hope that they will use it. It has to be spent on activities that increase employment.

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In BriefBack to Top

Roche hit with new breed of patent suit

Roche Diagnostics, a Swiss company that keeps its U.S. headquarters in Indianapolis, has been sued for marking its Accu-Chek
blood glucose monitors and accessories with patents that are expired. Illinois resident David O’Neill has sued on behalf
of the U.S. government to recover damages of $500 per infraction.

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