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Lake County didn’t want Indianapolis-based Agresti Biofuels LLC, but Vietnam has just issued a warm welcome. Agresti, an ethanol-making venture that includes big Indianapolis engineering firm RW Armstrong, has signed an agreement with Vietnam’s Phuc Yen Co. to build and operate ethanol facilities in Vietnam. Agresti’s venture will produce ethanol from landfill waste in Vietnam […]
A generic drugmaker asked a federal court of appeals Tuesday to lift an order that is preventing it from selling a cheaper copy of Eli Lilly and Co.’s osteoporosis drug Evista, according to Bloomberg News. The order would expire March 9 anyway. That is the same day Indianapolis-based Lilly and the generic company, Israel-based Teva […]
The future of the Indianapolis Navistar plant is uncertain after the company agreed Tuesday to stop producing diesel engines for Ford Motor Co. at the end of the year. Navistar’s Brookville Road plant produces engines used in Ford’s F-Series pickups. It employs about 600 workers.The decision to stop manufacturing the motors is part of a […]
Sixty-five employees at the east-side Reebok manufacturing plant in Indianapolis lost their jobs today as part of a broader company-wide restructuring. A Reebok spokeswoman declined to divulge details of the cuts, but said difficult economic conditions contributed to the decision. The plant has 950 employees and manufactures and distributes apparel for the National Football League, […]
Eli Lilly and Co. could agree as soon as Thursday to pay $1.4 billion to settle criminal and civil charges related to its marketing of antipsychotic drug Zyprexa, according to a story today in the New York Times. The Times cited unnamed sources involved in Lilly’s negotiations with federal Justice Department officials. Indianapolis-based Lilly already […]
The Digital Policy Institute at Ball State University has drawn up a blueprint to create as many as 200,000 jobs nationwide by March. How? By spending $28 billion to construct wireless broadband access in rural areas. Ball State calls for distributing the money to small, rural telephone companies as the fastest way to get Americans […]
Max Siegel, former president of global operations for Dale Earnhardt Inc., is coming back to the local law firm where his career began. As reported in the IBJ in November, Siegel began contemplating…
Creditors of defunct ATA Airlines Inc. are expected to receive only a small fraction of what they’re owed under a liquidation plan that could be approved as early as March. U.S. Bankruptcy Court Judge Basil Lorch this week approved ATA’s so-called disclosure statement, the document that creditors will rely on when deciding whether to vote […]
The Historic Landmarks Foundation of Indiana is racing to save the Cotton-Ropkey House at 79th Street and Marsh Road just west of I-465. The owner of the…
The best thing about attending “Happy Days” at Clowes Hall last night was seeing the poster for the upcoming LA Theatre Works tour of “The Great Tennessee Monkey Trial” and finding out that the great John Heard will be…
Evan Bayh is pitching Tony Dungy to Barack Obama as a czar to promote â??responsible fatherhoodâ?? and Obama
likes the idea, Bayh says.
Dungy, who is retiring as head coach of the Indianapolis Colts, has made fatherhood a centerpiece…
IUPUI basketball coach Ron Hunter got a big surprise this morning. While on the Mike & Mike Show on ESPN Radio, a staffer with Crocs told Hunter the footwear company was donating 50,000…
Batesville hospital equipment manufacturer Hill-Rom Holdings Inc. said today it could cut about 300 jobs from its U.S. operations as it realigns the business to cut costs. The company in August announced plans to lay off 160 workers across its global operations, including 50 at its southern Indiana headquarters. In a news release, Hill-Rom said […]
Gov. Mitch Daniels cautioned lawmakers about Indiana’s fiscal challenges during his State of the State speech last night, saying that drafting a new two-year budget this session will be full of hard decisions. But Daniels, sworn in to a second term on Monday, said spending restraints and other actions taken during his first term have […]
If the c.1850 house stays put, it faces certain demolition. The owners sold the acreage to developers, but not the dwelling. Historic Landmarks is looking for a new owner who’ll move the house so it can be saved.The developer’s site…
Gov. Mitch Daniels cautioned lawmakers about Indiana’s fiscal challenges during his State of the State speech last night, saying that drafting a new two-year budget this session will be full of hard decisions. But Daniels, sworn in to a second term on Monday, said spending restraints and other actions taken during his first term have […]
A federal judge in Indianapolis has decided disciplinary actions aren’t needed against a handful of attorneys relating to their conduct in a clean-air trial last year, though he hasn’t changed his mind about setting aside the jury verdict and holding a new trial as a result of the behavior of in-house counsel. U.S. District Judge […]
Beach Mold and Tool Inc., a New Albany-based manufacturer, has notified the state that it has laid off 193 workers – nearly half its work force – at its Indiana plant. Beach blamed the layoffs on cutbacks by several automaker clients, including Ford, Honda, General Motors and Mercedes. The layoffs, which began in late September, […]
Cincinnati-based Kroger Co will fund a two-year initiative to pump $2.1 million into local K-12 educational programs. In conjunction with the United Way of Central Indiana, Kroger has pledged to provide more than $820,000 in grants to at least 10 Indianapolis-area educational programs, plus $1.3 million to local schools through the Kroger Cares program.Local Kroger […]
Duke Realty Corp. said today that it received $265.2 million from property sales in the fourth quarter of 2008 – money it will use to pay down debt including $125 million in unsecured bonds that mature next month. The announcement comes the day after shares of the Indianapolis-based real estate investment trust took a beating […]
