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Privatize parking meters?

City officials are considering several proposals to modernize and even privatize the city’s roughly 4,000
parking meters to squeeze out more revenue.

NEA grants impact Indy arts groups

IBJ reporter Kathleen McLaughlin guest blogs today.

If our report last week about federal stimulus money for the arts piqued your interest, we have an update this morning from the Indiana Arts Commission. See the list below for details on who…

Fortune ekes out profit on falling revenue-WEB ONLY

Indianapolis-based Fortune Industries Inc. managed a small profit in its fiscal third quarter – its third straight profitable quarter, the company announced this morning. Profit for the period ended May 31 rose to $318,000 compared to a loss of $2.9 million in the same quarter a year ago. Revenue fell to $15.4 million from $40.2 […]

Fortune ekes out profit on falling revenue

Indianapolis-based Fortune Industries Inc. managed a small profit in its third quarter and now has turned a profit in each
of its last three quarters, the company announced this morning.

You-review-it Monday

So did you walk with dinosaurs? Hang out at Conner Prairie with the Symphony? Catch one of the final performances of “Octopus” at the Phoenix Theatre?

I spent Sunday afternoon at the oldest continually operating theater in the country catching a…

Proposed cost for new Wishard Hospital: $754M-WEB ONLY

A $754 million project is being proposed to replace the aging Wishard Memorial Hospital in downtown Indianapolis. Hospital officials say renovating the current facility is not practical because its mechanical systems are failing and the patient rooms can’t accommodate modern equipment. Wishard’s facility is spread over 17 buildings, many of which were built before World […]

State has no alternative to current welfare system-WEB ONLY

Indiana welfare officials considering canceling the state’s privately run welfare system have no backup plan in place, and critics say it will be hard to undo the privatization of 1,500 state case workers more than two years ago. Anne Murphy, secretary of the Family and Social Services Administration, confirmed recently that the system led by […]

Wine bar planned for Conrad

Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and…

Debt maneuvers help Emmis turn quarterly profit

Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but
the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent.

BREAKING: FDA gives OK to Lilly’s prasugrel-WEB ONLY

Eli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner, according to Bloomberg News. The U.S. Food and Drug Administration approved prasugrel to prevent blood clots when patients come in to receive stents or other coronary devices. The drug will have the trade name Effient. After […]

Duke considers taking carbon dioxide underground

Duke Energy has proposed spending $121 million to study the feasibility of injecting carbon dioxide deep underground, adding
1 percent to the average ratepayer’s bill between 2010 and 2013.

New restaurants planning to open this month

New restaurants include Iozzo’s Garden of Italy, slated to open July 17 at 946 S. Meridian St.,
in the former home of Leland’s and Cafe@Ray. The owner’s grandfather in the 1940s owned an
800-seat restaurant of the same name where the Hyatt Regency now stands.

Conseco reinsurance deal swaps profits for cash

Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.

Debt maneuvers help Emmis turn profit-WEB ONLY

Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent. Indianapolis-based Emmis turned a profit of $7.5 million, or 20 cents per share, for the […]

Florida system considering Ivy Tech president-WEB ONLY

Ivy Tech Community College President Tom Snyder is one of 13 candidates being considered for the position of chancellor of the State University System of Florida. A search committee will meet Monday to select candidates to be interviewed July 17. A recommendation from the committee and an appointment by the system’s Board of Governors is […]

Endocyte, Purdue develop prostate cancer treatment device

Purdue University researcher Philip Low, also the chief science officer for West Lafayette-based Endocyte Inc., has developed
a prostate cancer “homing device” to help anti-cancer agents specifically target prostate
cancer tumors.

MainGate takes on Vikings

Indianapolis-based merchandiser MainGate Inc. continues scoring deals with National Football League teams.
On July 7, company officials announced they had signed a 10-year deal to be the exclusive retail and merchandising company
for the Minnesota Vikings.

Gannett cuts cost 37 Star employees their jobs

Thirty-seven people were laid off at the Indianapolis Star yesterday and today as part of Virginia-based parent Gannett
Co. Inc.’s attempt to grapple with the swooning economy and falling advertising revenue. Seventeen of those laid off were
in the newsroom of the state’s largest daily newspaper, including seven editors, which constitutes one-fourth of the
editorial management team.