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Former Purdue University President Martin C. Jischke and his wife, Patty, will co-chair a strategic planning committee charged with identifying service and programming priorities as well as funding opportunities for the Indianapolis-Marion County Public Library over the next five years. The Jischke-led strategic planning process will begin in the first quarter of 2008. As part […]

Angel investors – wealthy people who toss money at fledgling companies – received about the average rate of return as other types of private equity investments, according to a survey of 539 U.S. angels. The average rate of return of angel investments was 2.6 times the investment over a period of 3.5 years. “This average […]

Republic Airways Holdings today announced plans to repurchase as much as $100 million of its common stock, a move that helps lift earnings per share for the company at a time merger rumors are swirling around its big airline customers. Republic shares late this morning were trading at $19.90, up 2.5 percent on the day. […]

New gas stations and auto service shops will be barred from Greenwood’s two Interstate 65 interchanges if the city council approves a unanimous decision reached this week by the city’s planning commission. Truck-oriented businesses such as body shops and storage yards also will be banned. The city wants to lure high-end retail and other attractive […]

Regulators in India have rejected a patent claim by Indianapolis-based Eli Lilly and Co. for its Cialis erectile dysfunction drug. The drug’s basic components were synthesized in 1970 by Indian scientists at a government body that researches pharmaceuticals, the Central Drug Research Institute, an Indian drugmaker contended. Moreover, drugmaker Ajanta Pharma argued, the Indian scientists […]

Investors are selling off stock in Kokomo-based Haynes International Inc. despite a glowing earnings report yesterday. Shares in the maker of precision alloy parts for aerospace and chemical processing are down to $78.88 each this afternoon from $84.50 at yesterday’s close. The sell off came after Haynes reported fiscal fourth-quarter profit shooting up 73.8 percent […]

Cummins Inc.’s midrange engine plant in Walesboro will add a week to its Christmas break due to slowing demand for diesel engines in Dodge Ram pickup trucks. The holiday layoff will begin Dec. 17, a week early, and end Jan. 2, according to a spokesman for the Columbus company. About 540 workers are affected. Pickup […]

Columbia Sussex Corp., the Fort Mitchell, Ky.-based owner of Casino Aztar in Evansville, has been denied a renewal of its license to operate the Tropicana Casino and Resort in Atlantic City, N.J. Yesterday’s action by the New Jersey Casino Control Commission is only the second such denial in the 29 years gambling has been legalized […]