Prescription-drug imports to the United States would be allowed under a bill introduced by former presidential candidate John McCain and two other senators, Bloomberg News reported yesterday. The plan, sponsored by McCain (R-Ariz.), Olympia Snowe (R-Maine) and Byron Dorgan (D-N.D.), is supported by President Barack Obama’s budget, but is opposed by the nation’s pharmaceutical industry, […]
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 of its real estate agents will staff model homes in seven communities Shoopman is developing. Jim Litten, president of F.C. Tucker Co.’s residential real estate services division, lauded the arrangement as “one-stop” shopping for prospective homebuyers. “Consumers will be […]
Nestle SA, the world’s largest food company, said today that its new beverage factory in Anderson would be expanded, creating 500 jobs in total once it’s completed in two years. The Nesquik and Coffee-mate plant, which opened today, will be enlarged from 880,000 square feet to 1 million square feet, Vevey, Switzerland-based Nestle said in […]
Nestle SA, the world’s largest food company, said today that its new beverage factory in Anderson would be expanded, creating 500 jobs in total once it’s fully completed in two years. The Nesquik and Coffee-mate plant, which opened today, will be enlarged from 880,000 square feet to 1 million square feet, Vevey, Switzerland-based Nestle said […]
East-side Indianapolis business Marine Tech is almost a total loss after fire broke out at the company at 4232 Hull St. at 4 a.m. In addition to flames, firefighters battled cold temperatures, downed power lines and an electric fence. One firefighter suffered a minor shock. The cause of the fire is under investigation. Fox 59 […]
Supporters of new driver’s license requirements for teenagers are holding a rally today at the Indiana Statehouse. They’re trying to encourage lawmakers to pass Senate Bill 16, which is designed to help lower the number of deaths among teens involved in car accidents. The bill would ban teens from using cell phones while driving. It […]
A Franklin Township school bus driver is facing criminal charges after police say he drove more than 100 children home while drunk. Officers arrested Phillip Leslie yesterday afternoon. Officers caught up with Leslie as he was returning to the bus barn. A breathalyzer reading tested him at almost three times over the legal limit. He […]
Carmel-based KAR Holdings Inc., the parent of Adesa Auction Services, today posted a fourth-quarter loss of $49.3 million on $396.2 million in revenue for the period ending Dec. 31. KAR’s loss widened from $34.3 million, and revenue declined 0.6 percent, from the same period a year ago. For the year, the auto auction company reported […]
Carmel-based KAR Holdings Inc., the parent of Adesa Auction Services, today posted a fourth-quarter loss of $49.3 million on $396.2 million in revenue for the period ending Dec. 31. KAR’s loss widened from $34.3 million, and revenue declined 0.6 percent, from the same period a year ago. For the year, the auto auction company reported […]
Local home builder C.P. Morgan Communities Inc., which closed Friday, said today it is mailing refunds this week to customers who signed contracts for homes that have not been built. Meanwhile, customers with homes that are complete or nearly completed will hear from a title company within the next month to schedule a closing, the […]
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 of its real estate agents will staff model homes in seven communities Shoopman is developing. Jim Litten, president of F.C. Tucker Co.’s residential real estate services division, lauded the arrangement as “one-stop” shopping for prospective homebuyers. “Consumers will be […]
Local home builder C.P. Morgan Communities Inc., which closed Friday, said today it is mailing refunds this week to customers who signed contracts for homes that have not been built. Meanwhile, customers with homes that are complete or nearly completed will hear from a title company within the next month to schedule a closing, the company […]
Eli Lilly and Co. plans a $2.4 billion debt sale to repay the loans it used to acquire ImClone Systems Inc., Bloomberg News reported, citing an unnamed person familiar with the transaction. Indianapolis-based Lilly bought New York-based ImClone for $6.3 billion in November. Lilly plans to sell three batches of bonds, the person said. Lilly […]
The developer of a new police cruiser is considering producing the clean-burning vehicle in Indiana. Atlanta-based Carbon Motors Corp. said today that Connersville, about 70 miles east of Indianapolis, is among five locations the company is weighing. The others are in Georgia, Michigan, North Carolina and South Carolina. The company said it has issued a […]
An overnight robbery of the Residence Inn on Digital Way in Indianapolis could be linked to a string of other robberies. Just after 2:30 a.m., two men pulled a knife on the desk attendant and made off with a small amount of cash. Investigators say the men fit the description of two thieves who robbed […]
Simon Property Group Inc. plans to hoard cash this year to purchase property that may come on the market, said David Simon, CEO of the Indianapolis-based mall owner. Simon made the comments this morning at a Citigroup 2009 Global Property CEO Conference in Naples, Fla., Bloomberg News reported. “We are going to hoard and warehouse […]
Carmel Mayor Jim Brainard defended himself yesterday in a meeting with council members about the costs of the Keystone Avenue project. The state originally provided $90 million for the construction of multiple roundabouts on Keystone. The cost has increased to $130 million. Brainard says the initial cost was an estimate, but some council members say […]
Fort Wayne Foundry Corp. plans to close its production plant in Fort Wayne in June, eliminating 157 hourly positions. The company said today that it also would conduct a “mass layoff” in June at its Fort Wayne machining division, which had about 150 employees in mid-2007. The company did not say how many jobs would […]
A new Web site will allow people to track how the federal economic stimulus package is affecting Indiana. The invest.in.gov Web site includes some basic information about the stimulus money, such as how much cash will come to Indiana for roads and which projects have already been selected. The site also includes a message from […]
Indianapolis-based Marsh Supermarkets Inc. said today it plans to open its first new store in almost a year. Marsh will open a Hometown Market store in the Chapel Hill neighborhood of Indianapolis in late spring. The store, at 7405 W. 10th St., will take over the site of a former O’Malia Food Market that was […]
