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 […]
Subaru of America Inc. reported a 13-percent increase in sales of its vehicles in May, the company’s largest single-month increase and an indication of stability for workers at a Lafayette plant where several of the lines are assembled. The Lafayette plant produces Outback and Legacy cars and the Tribeca sport-utility vehicle. While sales of the […]
New Jersey-based DialAmerica Marketing Inc. has closed an office in Bloomington, displacing about 50 workers, most of whom were part time, according to The Herald-Times. One long-term employee told the Bloomington newspaper he thought business at the telemarketing firm had fallen off in recent months.
Carmel-based Allied Solutions LLC, which sells insurance, lending and market products to financial institutions, said today it has acquired a similar company headquartered in Kansas City, Mo., for an undisclosed price. The Kansas City company, MJB Insurance Services Inc., operates in Kansas, Missouri and Nebraska. MJB owner Mike Button is remaining with Allied Solutions as […]
The Sharper Image Corp. store at the Fashion Mall at Keystone at the Crossing will close. The bankrupt company announced Sunday that it will shutter all of its remaining stores. Eighty-six stores will be liquidated. The company liquidated 96 of its stores following its February bankruptcy, which was blamed on a slow economy and tight […]
Indianapolis-based Fortune Industries Inc. has closed on a $32 million line of credit with the company’s majority shareholder, Carter Fortune. The credit line replaces one with Fifth Third Bank and is secured by most of the company’s assets. John Fisbeck, the company’s CEO, will personally guarantee up to half of the credit line. The company […]
Sluggish demand for Dodge Ram pickup trucks has prompted Cummins Inc. to announce plans to lay off 125 workers at its diesel engine plant in Walesboro, just south of Columbus, from June 8 to mid-August. Rising fuel prices are hurting Ram sales. In October, the Columbus-based diesel engine maker ended contracts with 90 temporary workers […]
Canada-based KIK Custom Products plans to spend $7 million to expand its operations in Elkhart and create 190 jobs, according to the South Bend Tribune. The company makes personal care and household products for companies like Gillette, Johnson & Johnson and L’Oreal. KIK employs 700 in Elkhart and will begin hiring mechanics, forklift drivers and […]
Bloomington attorney Phillip Chamberlain was arrested last night and charged with five felony counts for allegedly stealing money from a client instead of investing the money in a golf course project and building a house in Lawrence County. Indiana Secretary of State Todd Rokita said today Chamberlain offered to invest the money as an alternative […]
Local online sports broadcasters Jason Dozier and Robert Kendall have bought a radio station in North Carolina with a third partner, local businessman Rod Sheeks. Dozier, of Indianapolis, and Kendall, of Brownsburg, run AudioSportsOnline.com. AudioSportsOnline broadcasts audio and video footage of youth, high school and college sports, including games from schools in Avon, Indianapolis and […]
Lebanon‘s city council has voted to send a nonbinding recommendation to the municipally owned utility that serves the city to stop offering Internet service. Lebanon Utilities anticipates losing $400,000 on the service this year and a total of $1.27 million by the end of 2010, according to the Lebanon Reporter. The utility’s board plans to […]
Federal-Mogul Corp., the Southfield, Mich., auto parts giant, plans to add as many as 50 employees at its lighting plant in the northeastern Indiana town of Avilla. The jobs will be part of a $6 million expansion. The plant now employs 120. The Indiana Economic Development Corp. offered as much as $500,000 in tax credits […]
