Assessed property value in Lebanon topped the $1 billion mark in 2006, thanks in part to the Lebanon Business Park, which opened in 1994, according to a report prepared for the Boone County Economic Corp. by accounting firm Katz, Sapper & Miller. The 60-page report outlines how the 1,000-acre park has created jobs and helped boost […]
Eli Lilly and Co. will pay $35 million for rights to an osteoporosis medicine delivered through the skin, the Indianapolis drugmaker announced today. Lilly has signed a licensing and development agreement with Israel-based TransPharma Medical Ltd. for exclusive rights to its ViaDerm-hPTH product and non-exclusive rights to its drug-delivery system, which delivers medicine through a […]
After a damp, chilly spring, grain farmer Norman Voyles Jr. still had 300 acres of soybeans yet to plant when a monsoon-like storm dumped 10 inches of rain on his central Indiana farm last weekend. The resulting deluge flooded a quarter of Voyles’ 1,800 acres of corn and soybeans – one in a parade of […]
Two Indiana railway companies have been forced to either suspend or cut back service as they deal with floodwaters that washed out gravel under tracks through Johnson County, reports the Daily Journal. Indianapolis-based The Indiana Rail Road Co. cut back service so workers could stabilize tracks with crushed rock between Bloomington and Indianapolis. It was […]
Ivy Tech Community College will receive the first of three $2 million signing bonus checks from Follett Higher Education Group today. In March, Ivy Tech announced an eight-year agreement with Illinois-based Follett for the management of Ivy Tech’s 27 bookstores across the state. The agreement included a $6 million signing bonus for the college, which […]
Indianapolis-based Dow AgroSciences will donate $25,000 to Indiana flood relief efforts. The Dow Chemical Co. Foundation will give the money to the American Red Cross of Greater Indianapolis to help victims of the flooding that has caused dozens of counties to be declared disaster areas. Dow AgroSciences is a subsidiary of Michigan-based Dow Chemical Co. […]
Flooding over the weekend caused an estimated $126 million in damage across central Indiana, according to a study by The Bureau of Business Research at Ball State University. The estimate included damage to structures and contents of homes and business, and $45 million in damage to public buildings, roads, bridges and water and sewer systems. […]
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 […]
Agape Communications LLC, a startup call center in Anderson that said on May 2 it would hire 75 workers immediately, has only filled 20 positions, reports Anderson’s Herald Bulletin. Company officials said they are receiving fewer applications than expected and can’t explain the lack of interest. Starting pay is $8.50 an hour, plus bonuses. At […]
Hiring has begun at the Getrag Corp. transmission plant north of Indianapolis, nearly a year after the German manufacturer announced plans to build the $530 million plant in Tipton County, reports the Kokomo Tribune. So far, 19 salaried workers have been hired; two more are slated to come aboard by July 1. The plant is […]
Eli Lilly and Co. Foundation, the charitable arm of Indianapolis-based Eli Lilly and Co., will give $100,000 to help Indiana tornado and flood victims. The Lilly foundation will donate the money to the Disaster Relief Fund of the American Red Cross of Greater Indianapolis, which will coordinate food, shelter, medical supplies and other essential items […]
Three Harvard Medical School doctors whose studies helped pave the way for the use of psychiatric drugs in children are being investigated for failing to properly disclose payments from several drugmakers, including Eli Lilly and Co., reports Bloomberg News. The researchers initially said they received less than $80,000 from Lilly, which makes the antipsychotic drug […]
Just Marketing International has received an investment of more than $50 million from New York-based Spire Capital Partners and Switzerland-based Credit Suisse. The motorsports marketing company and its new partners plan to explore a variety of initiatives, including acquisitions. No changes are expected to the current Just Marketing management team, which is led by CEO Zak […]
Hurco Cos. Inc. has been ranked No. 30 on Business Week’s annual list of Hot Growth Companies. The magazine based the rank on sales growth and how companies compared with larger companies in their respective industries. The Indianapolis-based machine tool maker has experienced a surge in exports due to increased marketing abroad and the cheap […]
Longtime Community Health Network CEO Bill Corley will retire at the end of 2009, according to an internal memo he released to employees today. Corley, 65, has held the post since 1984. A search committee has been formed to seek Corley’s successor. It will consider internal and external applicants, the memo said. Corley said in […]
Heating houses and businesses with natural gas this winter could cost as much as 50 percent more than last year. Gas is trading at about $12 a decatherm, on the New York Mercantile Exchange, according to the Evansville Courier & Press. That price is significantly higher than the $8 charged on average last winter by […]
A Laborers International Union strike in Lafayette has brought construction on a $200 million hospital Clarian Arnett Health is building there to a grinding halt. Clarian Arnett is a partnership between Clarian Health in Indianapolis and Arnett Health System, a multi-specialty medical practice in Lafayette. Laborers Local 274 escalated its protest from informational picketing on […]
Sunrise Greetings, a unit of Hallmark Cards Inc., plans to stop manufacturing cards in Bloomington in early 2009, eliminating as many as 60 jobs there. Sunrise told employees yesterday that card manufacturing will be consolidated into a plant near Hallmark’s headquarters in Kansas City, Mo. About 160 workers will stay in Bloomington. Those workers are […]
Columbus-based Cummins Inc. is the only Indiana company to make this year’s list of the world’s 100 most ethical companies as determined by Ethisphere magazine. The list was decided through analysis of such characteristics as corporate citizenship and government, innovation contributing to public well-being, executive leadership, and regulatory track record. The companies are not ranked. […]
United Way of Central Indiana will award more than $25 million in unrestricted giving to human care agencies this year, a new record based on generous giving in 2007. Despite a sluggish economy, the distribution is up $1.2 million from the previous year. United Way will start passing along the funds to 103 agencies in […]
