Indianapolis-based Eli Lilly and Co. might make a play for one of the animal-health businesses that Merck & Co. Inc. now plans to divest. A spokeswoman for New Jersey-based Merck told the Wall Street Journal yesterday that the company plans to sell one of the two animal-health divisions it controls after its purchase of Schering-Plough […]
Five Indianapolis not-for-profits learned yesterday that they will receive a total of $5 million in funding from the state’s Neighborhood Stabilization Program. Southeast Neighborhood Development Corp. will receive $1.3 million. John H. Boner Community Center, King Park Area Development Corp. and Riley-Newport Area Development Corp. each will get $1 million, and Near North Development Corp. […]
Normal 0 false false false MicrosoftInternetExplorer4 Patrick Rooney, who helped turn IUPUI’s Center on Philanthropy into a premier research center, has been chosen as its executive director, IUPUI Chancellor Charles Bantz announced today. Rooney is an economist who became the center’s first full-time research director in 1999. He has been serving as interim executive director […]
Normal 0 false false false MicrosoftInternetExplorer4 WellPoint Inc. executives “explored” a plan to take the company private, its chief financial officer told investors today, according to a Reuters report. Because the stock price of the Indianapolis health insurer has been so low, its leaders considered using its own cash and lots of debt to help […]
Normal 0 false false false MicrosoftInternetExplorer4 Libertarian Party stalwart Andy Horning, who ran for Indianapolis mayor in 1999 and Indiana governor in 2000 and 2008, is leaving the state for a job in Texas, the party announced today in a press release. Horning, 50, has been the Libertarian Party of Indiana’s best-known torchbearer and most […]
Normal 0 false false false MicrosoftInternetExplorer4 Indianapolis-based Ice Miller LLP has the highest percentage of female equity partners among the nation’s most profitable law firms, according to the June issue of The American Lawyer magazine. More than a quarter – 27.3 percent – of Ice Miller’s partners who have an ownership stake in the firm […]
The Metropolitan Development Commission will hold a hearing today to discuss a proposal for a $65 million development adjacent to the former site of Market Square Arena. Developers want to create an apartment complex with 600 units and retail space. The proposal calls for the project to start within 12 months and be completed within […]
Indianapolis-based Ice Miller LLP has the highest percentage of female equity partners among the nation’s most profitable law firms, according to the June issue of The American Lawyer magazine. More than a quarter – 27.3 percent – of Ice Miller’s partners who have an ownership stake in the firm are women. That’s tops among the […]
The NCAA wants to give schools an economic break. The college sports governing body announced it will suspend membership dues for the next school year. It also hopes to save about $500,000 by holding most of its future committee meetings in its headquarters city of Indianapolis. Some meetings are currently held in the city, but […]
Indiana homeowners, business owners and car owners are assessing the damage from yesterday afternoon’s severe weather. The storms dropped baseball-sized hail in some spots, including hard-hit Hamilton County, where winds of up to 60 mph downed trees and power lines. Now a lot of Hoosiers, especially in the Fishers area, are ready to get the […]
Caterpillar Inc. again is cutting the hours of employees at its locations in Lafayette, the Peoria, Ill.-based company said in a notice to state officials. Nearly 160 workers at Caterpillar Logistics Services Inc. will have their hours reduced by at least half starting Aug. 24, the company said. The new work schedule is expected to […]
A former state attorney for the health department faces up to eight years in prison after pleading guilty in a deadly drunk-driving accident. Terry Record, 28, is scheduled to be sentenced this afternoon for a 2007 crash that killed a man. Investigators say Record was drinking at a strip club on the southeast side of […]
Westfield High School seniors can’t wait to kick off their shoes after graduation. In fact, some of them will be barefoot when they get their diplomas tonight. The students plan to walk barefoot to support the not-for-profit group Samaritan’s Feet, which provides shoes for needy kids around the world.
A Hamilton County Circuit Court Judge has authorized the sale of the house and airplane of former financial adviser Marcus Schrenker. Schrenker, who goes on trial next week in a U.S. District Court in Florida, is accused of intentionally crashing an airplane in January in an attempt to fake his death. His wife, Michelle Schrenker, […]
Normal 0 false false false MicrosoftInternetExplorer4 Normal 0 false false false MicrosoftInternetExplorer4 Caterpillar Inc. again is cutting the hours of employees at its locations in Lafayette, the Peoria, Ill.-based company said in a notice to state officials. Nearly 160 workers at Caterpillar Logistics Services Inc. will have their hours reduced by at least half starting […]
Indianapolis-based Hurco Cos. reported a $281,000 loss in its latest fiscal quarter after sales dropped a whopping 65 percent. Hurco announced after the market closed Friday that it lost 4 cents per share in the second quarter, which ended April 30. That’s down dramatically from the $5.5 million, or 85 cents per share, it made […]
Family and friends are scheduled to gather today to remember a Hoosier senior airman who lost her life in Afghanistan. Ashton Goodman, a 21-year-old Indianapolis native and Warren Central High School graduate, was killed last Tuesday by an improvised explosive device. Her visitation is from 5 p.m. to 7 p.m. today at Flanner and Buchanan […]
In a long, narrow room lined on both sides with metal and plywood shelving, a few dozen jars of peanut butter and cans of green beans dot the mostly vacant spaces in the Salvation Army food pantry. “We are a little bit empty right now,” said Rodney Morin, director of the Anderson pantry. Over the […]
