Centrifuge maker Beckman Coulter Inc. expects to add about 120 jobs at a new facility on West 76th Street and has applied for tax abatements worth a total of about $644,000. The Fullerton, Calif.-based company announced in January that it planned to move its Palo Alto facility to Indianapolis to cut costs and improve staff […]
After being forced out of his high-paying job with WellPoint Inc. earlier this year, David C. Colby is now selling his house. Asking price: $1.6 million. The historic home owned by Colby and Angela Doan, who called herself his wife, features six bathrooms, five bedrooms, three fireplaces and a 1.25-acre lot. The brick structure encompasses […]
Cook Medical said yesterday it will add 50,000 square feet to its 104,000-square-foot facility in Spencer that manufactures devices for its Urological and Women’s Health divisions. It’s too early to know what the project will cost or how much hiring will result, said Dave McCarty, spokesman for Bloomington-based Cook. The facility now houses about 300 […]
Genesco Inc. shareholders this afternoon approved the company’s $1.5 billion cash sale to locally based Finish Line Inc. But the deal is a long way from being done. Both Finish Line and its bankers recently have said they might attempt to extricate themselves from the deal by claiming that Nashville, Tenn.-based Genesco Inc. has undergone […]
Martin University will hold a series of receptions for the public to meet the four candidates who are finalists for the presidency of the school. Boniface Hardin, founding president, is stepping aside Dec. 31. The four are Algeania Freeman, president of Livingstone College in Salisbury, N.C.; Walter Howard, vice president for academic affairs and student […]
Andre Carson, who last month took over the City-County Council seat of Patrice Abdullah, has been hired by Cripe Architects + Engineers Inc. as a marketing specialist. Carson, 32, is a grandson of U.S. Rep. Julia Carson, D-Indianapolis. He most recently was an investigator for the Indiana State Excise Police. “We hired him because we […]
Sales of Eli Lilly and Co.’s drugs in China are increasing at an even faster clip than the fast-growing nation’s overall pharmaceutical market, Reuters reports. Lilly’s sales are rising about 26 percent a year compared with 16 percent for the entire drug industry in China, the world’s most populous country. Lilly introduced five drugs to […]
Emmis Communications Corp. CEO Jeff Smulyan is firing back at an Elkhart investor who held a video teleconference with directors last week to encourage them to sell the struggling company’s properties piecemeal. The investor, Frank Martin of Martin Capital Management, said in a regulatory filing Sept. 14 that the company should seriously consider selling its […]
Finish Line Inc. disclosed this afternoon that its bankers are considering withdrawing the financing that the Indianapolis company needs to complete its $1.5 billion cash purchase of Tennessee-based Genesco Inc. If New York-based UBS Securities LLC is able to back out of a “commitment letter” it signed in June, that may provide financial relief to […]
Elkhart money manager Frank Martin said in a regulatory filing this morning that he conducted a video teleconference with Emmis Communications Corp. directors this week to express his deep dissatisfaction with the company’s performance. Martin, whose firm own 9.7 percent of Emmis stock, said in the filing that the company should seriously consider selling its […]
Locally-based Emmis Communications Corp. claims a lawsuit filed against the company by Talk Radio Network morning host Erich “Mancow” Muller, a former Emmis personality, is “without merit.” “The suit and the allegations it contains aren’t worth dignifying with a response,” Emmis Radio President Rick Cummings said in a written statement. “Emmis doesn’t have the ability […]
An Anderson company controlled by retired Rolls Royce executive Mike Hudson has signed an engineering, manufacturing and distribution agreement with a global powerhouse, Seoul, Korea-based Samsung Techwin Co. Ltd. IPower Energy Systems, which makes energy-efficient and environmentally friendly generators, gets exclusive Samsung distribution rights in markets including China, Korea, Vietnam, India, Australia, Russia, Ukraine and […]
Eli Lilly and Co.’s osteoporosis drug Evista has been approved to reduce risk of invasive breast cancer in postmenopausal women with osteoporosis and postmenopausal women at high risk for invasive breast cancer, the Indianapolis drugmaker announced today. The U.S. Food and Drug Administration move came after an FDA advisory panel in late July recommended the […]
The Indiana Gaming Commission has approved the purchase of Resorts East Chicago by Las Vegas-based Ameristar Casinos Inc. Ameristar is buying a subsidiary of Las Vegas-based Resorts International Holdings LLC that owns and operates Resorts East Chicago for $675 million.
The person who replaces Gordon Hendry at the helm of Indy Partnership likely will be from the Indianapolis area, said Mark Miles, who is president of the economic development marketing group’s oversight organization, Central Indiana Corporate Partnership. Without divulging names, Miles said he has three or four possibilities in mind: “We will have superb choices […]
Evansville-based Integra Bank Corp. said today it has agreed to acquire Cincinnati-based Peoples Community Bancorp Inc. in a deal valued at $85.6 million. The cash and stock deal, approved by both companies’ boards of directors, helps boost Integra’s Cincinnati presence. Peoples Community Bank has 19 locations in southwestern Ohio and southeastern Indiana. Integra has 80 […]
Instead of charging its employees for failing to quit smoking, lose weight or improve other health factors, Clarian Health Partners now will give them incentives to change bad health habits. Beginning next year, Clarian had planned to charge employees $5 per paycheck-or $130 a year-if they smoked cigarettes and weren’t trying to quit. The hospital […]
Pended home sales in the Indianapolis area fell 14.2 percent in August compared to a year earlier, according to residential real estate brokerage F.C. Tucker Co. The nine-county region generated 2,419 pending sales of single-family homes and condominiums. Such sales are signed but not closed. Tucker, which receives the information from the Metropolitan Indianapolis Board […]
Indianapolis-native Emily Kennerk’s public art won’t be part of the Indianapolis Cultural Trail, a trail spokeswoman said today. Kennerk proposed sculpture, “Play,” depicted five oversized marbles at the intersection of Alabama and Vermont streets and Massachusetts Avenue. Kennerk and trail officials could not agree on the timing or budget for the piece, causing the trail […]
Indianapolis-based Simon Property Group is positioned to weather a looming downturn in values of shopping malls, according to The New York Times. The real estate investment trust, the nation’s largest owner of shopping malls, is concentrated in choice regional malls whose values are expected to hold up in the face of deteriorating credit markets, the […]
