The Midwest Proton Radiotherapy Institute, which has been a money-loser since opening in 2004, expects to turn a $1.5 million profit in the coming fiscal year, according to The Herald-Times of Bloomington. The Bloomington center, co-owned by Clarian Health and Indiana University, is attracting more patients and getting better reimbursement from the federal Medicare program. […]
Cape Air plans to end commuter flights between South Bend and Indianapolis just eight months after they began, and flights between Evansville and Indianapolis are under a cloud, too. The Massachusetts company will stop flying from South Bend in September because St. Joseph County Airport is cutting off a subsidy, according to the Evansville Courier […]
Virginia-based Gannett Co. Inc. yesterday named Michael G. Kane to replace outgoing Indianapolis Star publisher Barbara Henry. Henry, 55, retired suddenly on June 27; her departure is effective Aug. 1. Kane was publisher of the Rochester Democrat and Chronicle in New York and regional vice president of the company’s East Publishing Group. Unlike Henry, who […]
As IBJ reported in May, Shapiro’s Deli and Harry & Izzy’s restaurants will open locations at the new midfield terminal at Indianapolis International Airport. SSP America, the airport’s United Kingdom-based food operator, confirmed the report today in a statement. The airport authority announced in April that Cafe Patachou, 96th Street Steakburgers, King David Dogs and […]
By Norm Heikens Across-the-board problems caused by the sluggish economy resulted in Fortune Industries Inc. reporting a greater loss in its third fiscal quarter than in the same period a year earlier, the Indianapolis company reported yesterday. Fortune lost $3.1 million in the quarter ended May 31, nearly double the loss of a year earlier. […]
Defense contractor Rolls-Royce has signed a $900 million contract with Italian aircraft maker Alenia Aeronautica SpA to supply turboprop engines for nine years. The AE2100D2 engine comes from a bread-and-butter line of military engines that the British company designs, develops and manufactures in Indianapolis. The engine will be used on medium-size C-27 J Spartan cargo […]
Jack Swarbrick, a Baker & Daniels attorney and key figure in Indianapolis professional and amateur sports, is Notre Dame’s first choice to replace Kevin White as athletic director, the Chicago Tribune reported today. Citing an unidentified source, the newspaper said the deal isn’t finished but that an announcement of a new athletic director could come […]
Premier Exhibitions Inc., the Atlanta company that has been accused of using body parts from Chinese prisoners for its controversial cadaver exhibits, will open the show July 30 in Claypool Court near Circle Centre mall. The “Bodies…the Exhibition” exhibit will open just months before the Indiana State Museum brings its “Body Worlds III” exhibit to […]
Marketing the Gary SouthShore RailCats minor league baseball team is a struggle because area residents are still mad that the price of the team’s home, U.S. Steel Yard stadium, climbed far beyond original projections. That’s what the team’s new owner, Waukegan, Ill., attorney Patrick Salvi, was told during a speech yesterday to the Gary chamber […]
Indiana ranked 13th on CNBC’s annual list of top states for business, a vast improvement over the 26th place last year. The biggest jumps occurred in the categories of economy, business friendliness, transportation and cost of doing business. The state’s ranking for innovation and access to capital were stagnant. States were ranked on 40 measures […]
Duke Realty Corp., the developer of the mixed-use Anson in Boone County, has chosen Hansen & Horn Group Inc. to build single-family houses in the project. Locally based Hansen & Horn replaces Los Angeles-based KB Home Inc., which backed out of plans to build in Anson when it exited the Indiana market in July 2007. […]
Starbucks Corp. plans to close a location at 3021 W. 16th St. as part of a downsizing that the Seattle coffee giant blames on a slow economy and decline in consumer confidence. About 600 stores will be shuttered nationwide in the pull-back, Starbucks announced July 1. Only one other Indiana location will close, in the […]
AM General, the Mishawaka company that makes Humvee military vehicles and the hulking Hummer sport-utility vehicle, says it’s about to sign an agreement to build the new Standard Taxi for Vehicle Production Group LLC of Troy, Mich. Assembly could begin next year, according to the South Bend Tribune. Prototypes generated by Vehicle Production Group are […]
Crown Point Development Corp., the economic development arm of the northwestern Indiana city, has sued a company that was expected to create at least 200 jobs in the city, according to The Times of Munster. Crown Point loaned Plasmatronics Inc. $380,000 to lure the company to the city last year. However, Plasmatronics, which intended to […]
The Indiana University School of Medicine has received $1.25 million from the National Institutes of Health to expand a partnership with Purdue University to train physician-scientists. The grant is one of 40 given nationally by the NIH. The IU-Purdue program leads to both a medical doctorate and a Ph.D. degree. IU accepts only five students […]
Two Indiana University friends who sold Steve & Barry’s LLC t-shirts through a company they started have sued the struggling retailer for $12,300 they say they are owed. Finance major David Modiano and Matt Kesten, a New York advertising salesman who graduated last summer, say Steve & Barry’s hasn’t paid them for “Sampsonite” t-shirts their […]
Carmel-based American Med-Scan has been acquired for an undisclosed price by Wells Fargo Insurance Services Inc., Wells Fargo announced today. American Med-Scan’s operations will be merged into the insurance brokerage’s local offices. The deal brings Wells Fargo Insurance operations in the state to 38 banking stores, 10 mortgage stores and 15 consumer finance stores, a regional commercial […]
A code-of-conduct committee in Australia has fined Indianapolis-based Eli Lilly and Co. $60,000 for a press release that the committee said promoted its Cialis erectile-dysfunction drug directly to the public. However, Lilly will not have to follow up with corrective ads, according to The Australian newspaper of Sydney. Lilly told the newspaper it was disappointed […]
Navistar Inc. plans to add 200 professional positions by the end of the year at its Truck Engineering Facility in Fort Wayne, the Illinois company said yesterday. The new positions include mechanical, electrical, systems and software engineers. The jobs are a mix of entry-level, management and contract positions. Navistar has 1,100 employees at the site. […]
A key hotel in the tourism community of Nashville plans to rebuild after a fire in January 2007 eliminated half its rooms. Andy Rogers, who owns The Seasons Lodge, submitted plans to the town’s Development Review Commission this week. The commission OK’d the plans despite his not securing the certificate of appropriateness necessary to gain […]
