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.
Read MoreBattery-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.
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.
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.
Museums struggle to capture foot traffic from busy Central Canal
Summer on the Central Canal is like a beachfront boardwalk, teeming with life. People push strollers, hold hands and walk
their dogs. There are boats and bikes and Segways for rent. And four museums are steps away from the water. Yet most of them
capture few of the passersby.
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.
Fair Finance trustee finds lots of debts, few assets
Tim Durham, Fair’s co-owner and CEO, burned through staggering sums on a lavish lifestyle, loans and gifts to friends,
and loans to businesses he partly owned that performed dismally.
MZD Advertising expands with franchising division
MZD Advertising is stepping outside the realm of traditional agency work to grow its revenue stream. In the process, it’s
attempting to bring a new form of auto racing to Indianapolis.
Bedsore preventer turns to detection
Changes in reimbursement could fuel market for WoundVision’s product.
Read MoreWellPoint, other health insurers race to join accountable care groups
The health care industry is responding to reforms that will pay doctors bonuses if they provide high-quality care and save
Medicare money.
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.
FocusBack to Top
Indiana life sciences group moves ahead
INpact not-for-profit arranged virtual approach to help startup firm develop device to detect tooth cavities early.
Read MoreLife sciences panel pegs bright spots in Indiana
Leaders tackle issues ranging from research to cold storage to the future of Eli Lilly and Co.
Read MoreCourt defeat lost in Lilly’s gloomy long-term outlook
Eli Lilly and Co.’s loss of a patent on one of its blockbuster drugs in court late last month received a collective yawn
from
investors, who have shunned the stock because of five looming patent expirations.
OpinionBack to Top
EDITORIAL: Raising parking fees is wise step
It isn’t difficult to grasp the reasoning behind Mayor Greg Ballard’s proposal to privatize the city’s
parking operations.
MORRIS: Give and volunteer to Live United
Many people in our community, state, country and around the globe need our help. The numbers are staggering.
Read MoreMARCUS: 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.
Read MoreMERISOTIS: Boosting education boosts your company
By 2018, 63 percent of all jobs in this country will require some form of postsecondary education
or training. That’s a huge increase since the mid-’70s.
ALTOM: What can business learn from techies?
There have been some technical materials that have taught me a great deal about how business should be conducted. I’d like to share a few with you.
Read MoreHICKS: Expectations can’t erase sluggish recovery
While the economy continues to recover, the pace is agonizingly slow. The reasons for this are becoming clear.
Read MoreHAUKE: Research, not gut, should drive market decisions
The greatest investors I know all use time-tested principles and apply them rigorously in their activities.
Read MoreWe must explore alternative energy
The Viewpoint essay penned by Peter Grossman [in the July 26 issue] was infuriating.
Read MoreIn 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.
Two Indianapolis accounting firms make top 100 list
Katz Sapper & Miller LLP and Blue & Co. LLC again are the only two local accounting firms to crack Inside Public
Accounting’s annual top-100 list.
Architects to temporarily transform downtown Indianapolis parking spaces
In celebration of “PARK(ing) Day,” the Indianapolis chapter of Architecture for Humanity will convert 10 parking
spaces in front of the Borders bookstore on Meridian Street at Washington Street into a curbside landscape.
Publicis snags three clients, expects strong 2010
The Indianapolis agency has scored a string of new accounts, and company officials say revenue will be up this year.
Read MoreCenters for Working Families expanding in Indianapolis
The Indianapolis chapter of Local Initiatives Support Corp. will receive $500,000 to open more of its one-stop centers that
help the working poor develop, grow and protect their assets.
Indianapolis retailers plan new stores, relocations
A new restaurant near Lucas Oil Stadium is among several new or relocated retailers around the city.
Read MoreNFP of NOTE: Down Syndrome Indiana
Down Syndrome Indiana is dedicated to enhancing the lives of individuals with Down syndrome.
Read More