MAY 31-JUNE 6, 2010
This week, read about an in-car spy device a Carmel company is marketing to parents of teen drivers and see what challenges entrepreneurial companies are facing as they try to grow. In Focus, find out what's driving a boom in refrigerated warehousing. And in A&E, Lou Harry shares his pet peeves when it comes to distractions during performances.
Front PageBack to Top
Rivers Edge lands Nordstrom Rack, The Container Store
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.
Grameen Bank might open here, providing small loans that add up
Bangladesh-based Grameen Bank, the Nobel Peace Prize-winning financial institution that developed the concept of life-changing
micro loans for the poor, is contemplating opening its third U.S. branch in Indianapolis.
Lilly grows Alimta’s sales by shrinking market
In 2008, Eli Lilly and Co. asked drug regulators to change the label on Alimta so Lilly could no longer promote it as a treatment
for all patients suffering from non-small-cell lung cancer, but for only about 70 percent of the patients. Since then, sales
of the drug have accelerated, growing a whopping 48 percent last year.
Top StoriesBack to Top
Positron has billion-dollar hopes for medical-imaging scanner
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in
sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better
at losing money than making it.
Private companies struggle to raise funds once reaching critical mass
Several Indiana companies are in a position, or soon will be, to launch an initial public offering. But don’t expect a wave
of new Indiana public companies. In the recession, with both revenue and profits down, companies may choose to wait until
they have better numbers to report.
In-car spy device could drive sales
Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car’s “OBD II” diagnostic port to track
a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company
is marketing the device to parents of teen drivers, among others.
Battered banks don’t see light at end of tunnel
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.Read More
Cancer researcher battling Semafore in court
Former collaborator alleges firm breached its agreement with him and refused to pay royalty income.Read More
Performance Services guarantees City-County Building energy savings
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable
Fieldhouse feud results in tax refund for theater owner
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse’s opening
drove his patrons away.
The IRS agreed.
FocusBack to Top
Biopharma fueling boom in refrigerated warehousing
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths
in warehousing and life sciences.
Indianapolis startup attacks Alzheimer’s disease
AgeneBio Inc. this month landed a $300,000 investment from the Indiana Seed Fund to fund operations, bolster its intellectual
property, and begin learning how to make a drug into a once-a-day pill.
OpinionBack to Top
EDITORIAL: Executive pay policies, not salaries, need reform
In the wake of a recession blamed largely on Wall Street, boards need to act. But reducing executive pay shouldn’t
be their primary objective.
MAURER: Early education leads to success
Not only is early childhood education essential to supplement and often reverse the effects of a deficient home environment,
but a rich preschool home environment is also an important indicator of high achievement.
MARCUS: Health care bill opens doors to change
The Patient Protection and Affordable Care Act is a major step forward. It widens the door to health insurance for those
with pre-existing conditions, for employees of small businesses and others currently not covered.
BOULET: Has civility become a quaint and obsolete concept?
Americans are not as civil as they used to be. Daily, there are doses of uncivil behavior reported by the media. And bad behavior isn’t limited to highly visible
HICKS: Memorial Day puts economics in perspective
the things that determine our ultimate prosperity and happiness are not the vacillations of markets.Read More
SKARBECK: Why do Fannie, Freddie deserve a free pass?
One crisis that continues to simmer under the public radar is the endless taxpayer support needed to prop up Fannie Mae and Freddie Mac.Read More
Race has lost its magic
I hope [Bill Benner’s May 17 column is] right and that the new management at the Speedway finds ways to bring back
the “luster” of the old 500s. But it just doesn’t appear that way.
In BriefBack to Top
Effective stats are new hurdle for U.S. drugmakers
WellPoint Inc.'s announcement of comparative effectiveness research guidelines last week marks a new era for U.S. drugmakers.
The Indianapolis-based health insurer will use studies that compare the effectiveness of one drug against another as a complement
to typical clinical trial research that compares a drug against a placebo sugar pill.
Local firm to manage city’s infrastructure initiative
American Structurepoint has been tapped by the Department of Public Works as program manager for the city’s “RebuildIndy”
Girl Scouts of Central Indiana moving to new headquarters
CEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.Read More
Simon plans to rejoin retail leasing event
Simon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation’s retail lease deals are consummated.
I-69 connection staying put, even with higher costs
Some have suggested moving it west, through less-populated Morgan County, to tie into Interstate 70 near Indianapolis International
PROXY CORNER: Simon Property Group Inc.
Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls and community shopping centers.Read More