EnerDel parent lands $65M investment
The parent company of lithium-ion battery maker EnerDel has landed a $65 million investment from its largest shareholder.
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Grameen Bank might open here, providing small loans that add up
Bangladesh-based Grameen Bank, the Nobel Peace Prize-winning financial institution that developed the concept of life-changing
micro loans for the poor, is contemplating opening its third U.S. branch in Indianapolis.Rivers Edge lands Nordstrom Rack, The Container Store
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.Lilly grows Alimta’s sales by shrinking market
In 2008, Eli Lilly and Co. asked drug regulators to change the label on Alimta so Lilly could no longer promote it as a treatment
for all patients suffering from non-small-cell lung cancer, but for only about 70 percent of the patients. Since then, sales
of the drug have accelerated, growing a whopping 48 percent last year.Private companies struggle to raise funds once reaching critical mass
Several Indiana companies are in a position, or soon will be, to launch an initial public offering. But don’t expect a wave
of new Indiana public companies. In the recession, with both revenue and profits down, companies may choose to wait until
they have better numbers to report.BENNER: From Boehm to Hayward to a New York Super Bowl
Retiring Indiana Supreme Court judge Ted Boehm played a leading role in the city’s emergence as an amateur sports
capital.In-car spy device could drive sales
Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car’s “OBD II” diagnostic port to track
a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company
is marketing the device to parents of teen drivers, among others.LOU’S VIEWS: Theatrical distractions abound, both in audience and in wings
Complaints of cell phones, texters and candy wrappers are common. But what about seeing into the wings?
Positron has billion-dollar hopes for medical-imaging scanner
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in
sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better
at losing money than making it.Biopharma fueling boom in refrigerated warehousing
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths
in warehousing and life sciences.UPDATE: Lawsuits could still go forward, despite Emmis deal
Company shareholders challenging the transaction to sell Emmis Communications Corp. still could be awarded damages despite
the board’s decision to OK the deal, lawyer says.WellPoint pledges two-day hospital stays after mastectomy
In the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay
for any breast cancer patient to stay two days in a hospital after surgery.Downtown merchants sponsor new farmer’s market
Goldman Jewelry, J.P. Parker Flowers and Shapiro’s Deli plan a Tuesday evening farmer’s market on the south side of downtown
Indianapolis beginning June 1.CEO Smulyan gets OK to take Emmis private
Emmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.Police reviewing death of Tomisue Hilbert’s mother
Information that could prove her death was not an accident has surfaced during civil proceedings involving a life insurance
policy.Fieldhouse feud results in tax refund for theater owner
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse’s opening
drove his patrons away.
The IRS agreed.Arts Council hopes move, emphasis on donors will help with finances
The Arts Council of Indianapolis soon will move its office from Monument Circle to a smaller space on Pennsylvania
Street with an adjacent gallery. The move is symbolic of the council’s ongoing reinvention, as well as the financial
reality driving that effort.Bowen Technovation brings educational centers to life
Bowen Technovation has assembled an eclectic group of electrical engineers, journeyman machinists and artists to design exhibits
for museums, science centers and planetariums. Computer systems analysts and audio and lighting experts are also part of the
mix.