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Articles

Biotech database gives G&S high hopes: Firm sees more demand for grant-award research

June 23, 2008

By conducting market research for some of the largest pharmaceutical companies in the world, locally based G&S Research Inc. has grown into a $10 million firm. But founders have even higher expectations for their G&S Discovery division, which was formed two years ago. Its flagship product, Navigrant, provides a database of government grant awards for national biomedical research. The total market worldwide for life sciences research is estimated at $45 billion. Navigrant has compiled information on 450,000 awards from 60…

MONROE COUNTY

June 16, 2008

MONROE COUNTY Self-publisher eyes new offices Expansion plans for Bloomington’s Author Solutions Inc. likely will eventually include a new building near the firm’s offices at State Road 37 and Second Street. Author Solutions CEO Kevin Weiss tells IBJ he has been looking around at sites to accommodate an influx of 130 new employees in the […]

Local apartment manager loses contract

June 10, 2008

Locally based Flaherty & Collins Properties has laid off several employees after losing a management contract for properties in Indiana, Ohio and Michigan. The move comes after California-based AIG Sun America elected to consolidate its property management operations, said Mark Conover, a Flaherty spokesman. The layoffs affected fewer than 10 people, a small portion of […]

Firm helps clients blog easier: Compendium sees huge market in making business Web sites more interactive

May 12, 2008

The number of blogs operating on the Internet outnumbers the inhabitants of California, New York, Texas and Florida combined. With a market like that, it’s no wonder Chris Baggott and Ali Sales are so excited about the potential of Compendium Blogware, an upstart firm the two formed in January 2007. Baggott is best known for founding, along with co-owner Scott Dorsey, fastgrowing local e-mail marketing firm ExactTarget Inc. in 2000. The company brought in $48 million in revenue last year….

Companies prepare for tougher breach law: Writer of security bill wanted more protections

May 12, 2008

Imagine a busy local bank that signs several new accounts weekly. With each new customer, the bank receives that person’s Social Security number, home and business addresses, and entire financial history. But what if a computer containing all that personal information-so useful for identity theft-is stolen from the building? Should the company notify its customers of the possible danger or hope the information itself is safe and keep quiet to avoid scandal? To answer those questions, the Indiana General Assembly…

Davis Homes faces lawsuits; DayMarc out of business

May 5, 2008

A depression in the home-building market has claimed a Fishers builder and continues to hammer locally based Davis Homes LLC–a
powerhouse for years that now is facing foreclosure on about 80 home sites.

Local firm signs landmark sports events deals: Providing five-star services seen as key to growth

May 5, 2008

A local company that sells ticket and event packages associated with major sporting events has secured groundbreaking deals with the Ryder Cup and Churchill Downs Inc. Indianapolis-based Sport Events Ltd. will be one of the first two companies to sign an official deal with Churchill Downs to sell ticket and hospitality packages to the Kentucky Derby, run this year May 3. Previously, the fabled racetrack had chosen to run everything-including corporate hospitality-in-house. “In many cases, these properties have realized that…

UPDATE: Lilly directors add Lechleiter to board

April 21, 2008

Eli Lilly and Co. shareholders this morning rebuffed an effort by California Public Employees’ Retirement System, the nation’s largest public pension fund, and four major proxy advisory services to force two directors off the board and prevent the new CEO, John Lechleiter, from joining the board. Dr. Alfred Gilman and Karen Horn were reelected, according […]

CALPERS gains allies in Lilly bylaw fight

April 17, 2008

The California Public Employees’ Retirement System, the nation’s largest public pension fund, said yesterday it has backing from four major proxy advisory services for a resolution that would require only a simple majority vote of Lilly shareholders to amend the company’s bylaws. Endorsing the giant pension fund’s shareholder resolution are Egan-Jones, Glass Lewis, RiskMetrics Group […]

Janitors want Lilly, WellPoint to push for better health benefits

April 14, 2008

Service Employees International Union Local 3 is backing local janitors as they restart contract negotiations April 16 with
five of the largest janitorial contractors in Indianapolis. SEIU now is taking direct aim at Lilly, health insurer WellPoint
Inc. and even some local hospitals, hoping they will pressure the janitorial contractors to come to terms.

Premier Properties lays off workers as lawsuits, debt pile up

April 7, 2008

Premier Properties USA Inc. has eliminated about half its headquarters staff–more than 40 employees–as banks seize several
of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally
redirected rent payments and check fraud.

Goldberg contest counts on business: Companies find recruits, marketing opportunities

March 31, 2008

In terms of advertising revenue, the Final Four it ain’t. But the national Rube Goldberg Machine Contest at Purdue University is attracting more corporate sponsorships than ever before. Named for the Pulitzer Prize-winning cartoonist, the annual event scheduled for April 5 is a testament to his drawings that lampooned government policies by using complicated contraptions to complete trivial tasks. This year’s assignment is to assemble a hamburger consisting of at least one patty, two vegetables and two condiments between buns….

Rooney: healer or heretic in health insurance industry?

March 17, 2008

The “father of health savings accounts” isn’t satisfied. At 80, J. Patrick Rooney is gearing up for another health care reform
battle in Washington–five years after winning a colossal victory when Congress awarded health savings accounts tax-free status.

IU follows Purdue lead, overhauls business-development strategy

March 10, 2008

Indiana University President Michael McRobbie calls it “Innovate Indiana.” His ambition is to corral all of IU’s strengths
under one new branded initiative to boost the Hoosier economy. Purdue University already has leveraged a similar strategy,
promoted with “Go BusinessMakers!” billboards, to national acclaim.

State goes from first to last in catastrophes: Indiana sails through 2007 without a single large weather event, rebounding from hailstorm of claims in 2006

March 3, 2008

Indiana weather is notorious for the volatile swings it can produce from one day to the next. Just this month, high temperatures in Indianapolis fluctuated about 40 degrees within 48 hours. The disparity in major storm damage that befell the state the past two years is quite unusual, though, even by Hoosier standards. Statewide property losses totaled $1.5 billion in 2006, the most in the nation, due in large part to what’s become known as the Good Friday hailstorm. Last…

Against odds, AlGalCo pursues ‘Holy Grail’ of power cells

February 25, 2008

A small West Lafayette technology startup has quietly unveiled a product that might, just might, change the world. At the
TechAdvantage Conference and Expo in Anaheim, Calif., on Feb. 20, Kurt Koehler, CEO, co-founder (and, for the moment, sole
employee) of AlGalCo LLC, showed off a pre-production hydrogen-powered emergency generator.

Music for All moves beyond band contests: $495,000 grant to help beef up fund raising, advocacy

February 11, 2008

For years, the Indianapolis not-for-profit once known as Bands of America built a reputation for organizing a series of regional marching band competitions that culminates in a national march-off here each November. In 2006, the organization broadened its scope through a merger with an East Coast advocacy group, marrying performance-based evidence that music education has value with research-backed efforts to keep school programs around. Now Music for All’s research is making waves nationally, and the organization just landed $495,000 to…

Speedway shows popular on Joost Web network

February 4, 2008

Shows provided by IMS Productions, the video production arm of Indianapolis Motor Speedway, are among the top draws for Joost, a high-profile Internet provider of television content launched last October.

Report sees jackpot with BioCrossroads, but expert sees obstacles

February 4, 2008

Three months after launching an initiative to boost drug-development firms in Indiana, officials at BioCrossroads have written
a report that attempts to show in detail the vast market opportunity they see.

Local builders slash jobs, offices to survive housing slump

January 28, 2008

At the market’s peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home
production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds
of jobs, and look to unload huge chunks of office space.

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