Indianapolis-based WellPoint Inc. has opened its location at Indianapolis International Airport for handling specialty drugs. The 126,000-square-foot site within the former United Airlines maintenance hangar has automated handling equipment and a call center. It is staffed with 400 workers and is slated to grow to 900 before 2010. Pharmaceuticals handled through PrecisionRx Specialty Solutions often […]
CertainTeed Corp. has halted construction on a $70 million plant in Terre Haute that is to make cement-fiber house siding, prompting contractors to slap a flurry of liens on the property. The Valley Forge, Pa., company says the stop is temporary, but didn’t offer details as to when construction might resume, according to The Tribune-Star […]
The Heartland Film Festival opens Oct. 18 with nine days of film screenings and special events. Want some help making your selections? IBJ staff and freelancers previewed most of this year’s offerings. Some of the best are reviewed below. For more reviews-which we will continue to update as the fest approaches-visit the Not Strictly Business section of ibj.com. “Home of the Giants,” dramatic feature Given the generic title (please change it before it’s too late), the Hoosier high school basketball…
Warsaw-based Zimmer Holdings Inc. disclosed in a U.S. Securities and Exchange Commission filing today that it is under investigation for potential violations of the Foreign Corrupt Practices Act in its sales of medical devices in foreign countries. The prosthetics maker did not elaborate but added that it will cooperate with the SEC investigation. Yesterday, Biomet […]
A book about Wal-Mart Stores Inc. authored by Michael Hicks, the new director at Ball State University’s Bureau of Business Research, hasn’t always been received well by people who don’t like the retail giant, Hicks told The Star Press of Muncie. Hicks, who writes a weekly column that appears in IBJ and other newspapers around […]
The Finish Line Inc. said today that its lenders have extended by four months their deadline for the Indianapolis athletic shoe and clothing retailer to buy Genesco Inc. The deadline was Dec. 31; it is now April 30. Other terms of the commitment letter by UBS Loan Finance LLC and UBS Securities LLC are the […]
Biomet Inc. disclosed this afternoon that it is being investigated as part of an inquiry by federal securities regulators into possible violations of the Foreign Corrupt Practices Act. The Warsaw-based maker of orthopedics products, which recently was acquired by a group of private equity firms for nearly $11 billion, provided few details. It said the […]
Many analysts are recommending that investors hold off on buying stock in Novo Nordisk because rival Eli Lilly and Co. might encounter a smash hit with a version of its Byetta diabetes treatment that would be taken only once a week. Nineteen of the 34 analysts who follow the Danish insulin maker have “hold” or […]
Pending sales of houses-those with contracts signed by not closed-plummeted 16.8 percent in September from a year earlier, according to Metropolitan Indianapolis Board of Realtors figures released today by brokerage F.C. Tucker Co. The nine-county Indianapolis area generated 1,998 pended sales, compared to the 2,402 in September 2006. Sales in Boone County fell the most, […]
Cynthia England, a former partner at the Indianapolis advertising firm Pearson McMahon Fletcher England, has started a company that plans, buys and manages advertising for client companies. The new Indianapolis company, Regarding Media and Marketing LLC, was launched with Nanci Albrecht, a former senior vice president of Cincinnati-based JA&G Advertising. JA&G has an Indianapolis office. […]
The sagging housing market is a concern, but won’t become a large enough problem to drag the economy into recession, Purdue University economists said yesterday during an annual outlook luncheon sponsored by the Lafayette-West Lafayette Chamber of Commerce. They said the nation continues to churn out more goods and services, hiring remains strong and wages […]
RadioNow, the rock and hip-hop format Emmis Communications Corp. abruptly pulled from WNOU-FM 93.1 on Oct. 8, has resurfaced at 100.9 FM under new ownership. Emmis announced today that it has sold the RadioNow brand, WNOU trademark and station imaging to Radio One Inc. of Lanham, Md., for an undisclosed price. The RadioNow format began […]
Kokomo Sanitary Pottery Corp., which has manufactured toilets in the city north of Indianapolis since 1932, is closing the plant because competitors can do the job at lower cost. The decision will throw nearly 150 workers out of jobs early next year, according to the Kokomo Tribune. The workers are represented by Local 238 of […]
Shares of Targanta Therapeutics Inc. fell 7.5 percent yesterday in the company’s first day as a public company. The stock closed at $9.25 a share after opening at $10, the price sought in the $57 million initial public offering. Targanta is listed on NASDAQ under the ticker TARG. The Cambridge, Mass., firm is commercializing an […]
Honda Motor Co.?s announcement in August that it would limit hiring for its new Greensburg assembly plant to 20 Indiana counties is the latest sign Japanese automakers are hiring outside of union strongholds,The Wall Street Journalreported today. In a front-page article focused on the new plant, the newspaper said the United Auto Workers is considering […]
Arcadia Resources Inc., a publicly traded medical services firm, is expected to announce today that it is moving its headquarters to Indianapolis from the Detroit suburb of Southfield. The relocation will start with a few jobs that average $134,000 in salary and ramp up to a total of 315 by 2009, according to a source […]
Arcadia Resources Inc., a publicly traded medical services firm, is expected to announce today that it is moving its headquarters to Indianapolis from the Detroit suburb of Southfield. The relocation will start with a few jobs that average $134,000 in salary and ramp up to a total of 315 by 2009, according to a source […]
Village Pantry Inc., the former arm of Marsh Supermarkets Inc., has acquired 33 Next Door Stores convenience stores in northern Indiana and Michigan from Imperial Co. Inc. for an undisclosed price. Imperial is headquartered in Mount Pleasant, Mich. Village Pantry owner Sun Capital Partners said the additional stores will dovetail well with Village Pantry’s 146 […]
GilChrist & Soames, a local company owned partly by businessman Al Hubbard, who now directs the National Economic Council, has been sold for $51 million. Buying the Indianapolis maker of soaps, toothpaste and other hotel toiletries is Swander Pace Capital, a San Francisco private-equity firm. The deal is being financed by Allied Capital Corp. of […]
Sixteen Disney movies that won the Heartland Truly Moving Picture Award will be sold through a discounted promotion at Best Buy stores in nine states starting Oct. 14, according to Heartland Truly Moving Pictures. Best Buy stores in Indiana, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin will feature special displays highlighting the […]
