Company news

December 2, 2009
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Dow AgroSciences LLC, which seems to sign a new deal every week, announced two, in fact, in the past eight days. The Indianapolis-based developer of agricultural products announced Nov. 24 that its Canada subsidiary acquired the assets of Hyland Seeds, a division of Thompsons Ltd. of Blenheim, Ontario. Dow Agro is adding distribution capacity for the 2010 launch of its SmartStax variety of genetically modified seeds. Then on Dec. 1, Dow Agro invested an undisclosed amount in Ontario-based Agrisoma Biosciences Inc. The companies have been collaborating since 2004 to genetically engineer plant traits, and now will expand their work into field crops, such as corn and soybeans. Dow Agro’s investment secured it a commercial license option for Agrisoma technology.

The Indiana Clinical and Translational Sciences Institute has received $2.5 million to help it turn laboratory discoveries into treatments faster. The money will be used to bring the University of Notre Dame into the institute, now a partnership of Indiana and Purdue universities. Other funds will go to build up the institute’s Web site and to figure out best practices for community-health efforts. Nearly $1 million of the funds will be used to recruit patients to participate in clinical trials conducted by physicians at the Indiana Clinic, a new joint venture of the IU School of Medicine and the Indianapolis-based Clarian Health hospital system.

Officials of Wishard Health Services released details Tuesday of their first request for bids on construction of a new Wishard hospital downtown. Hospital officials are looking for contractors to build a 2,300-space parking garage, the first of five buildings to house the new hospital. Marion County voters agreed  Nov. 3 to back bonds that  Wishard’s parent organization will sell to fund the $754 million project. A meeting about the bid process will be held Dec. 17. The new hospital is scheduled to open in December 2013.


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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.