Roche plans $300M expansion, 100 new jobs
Roche Diagnostics Corp. plans to spend $300 million on an expansion of its Indianapolis headquarters, creating 100 jobs by 2017, the company said Wednesday.
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All eyes on Daniels ahead of Purdue trustees’ vote
A board of trustees dominated by Daniels' own appointees will select him as the university's 12th president Thursday, sources told IBJ and other news outlets. The appointment will add a dramatic new chapter to his diverse career.
Hoosier Park site in Indy tests mobile wagering
Patrons at Hoosier Park's off-track-betting site in downtown Indianapolis can now bet on horse races from the comfort of their seats, and they'll soon be able to place wagers from their smartphones.
IMAX granted liquor license
Starting next week, some moviegoers will be able to enjoy a beer or glass of wine at the IMAX theater in downtown Indianapolis. On Monday, the Liquor Control Board approved a permit for the theater to sell beer and wine after 5 p.m. The operator said it would only sell alcohol during films that appeal to a more grown-up audience.
Wife dies in Hendricks County shooting
Hendricks County police are investigating what appears to be an attempted murder-suicide in the Lizton area. Officials say a man fatally shot his wife and then turned the gun on himself Monday night about 10 p.m. The shootings took place in the 8200 block of County Road 400 West, about three miles west of Lizton. Police say the man and the woman were drinking alcohol and arguing outside their home before the incident. The husband was airlifted to the hospital in serious condition.
Officer charged with hit-and-run
An Indianapolis police lieutenant was arrested Monday after he allegedly drove into a construction worker in Speedway and left the scene. Michael Rinehart was preliminarily charged with operating a vehicle while intoxicated and failure to stop after an accident resulting in injury. Witnesses say Rinehart, 58, was driving a white pickup when his mirror hit a construction worker operating a piece of equipment. The worker, who suffered a minor back injury, and his boss said they had to follow Rinehart and confront him about the accident. Rinehart, who has been with the department for 35 years, was suspended pending a hearing before the merit board.
Lilly resumes $3B stock buyback program, declares dividend
The local pharmaceutical giant plans to complete the program started in 2000 by repurchasing $420 million in shares by the end of the year. And on Tuesday, it declared a regular dividend of 49 cents.
IMS IndyCar road race seen as threat to Indy 500
There is little to no chance the Indianapolis Motor Speedway will host an IndyCar road race this year, next year or for the foreseeable future.
State manufacturing heading for slowdown, expert says
An economist at Ball State University warned of another recession at Conexus Indiana's annual state of manufacturing and logistics report Tuesday morning. Both sectors, however, contribute strongly to the state's economy and earned "A" grades in the latest report.
Defense rests in Durham trial without defendants testifying
Defense attorneys in the federal fraud trial of Fair Finance executives Tim Durham, Jim Cochran and Rick Snow rested their cases Tuesday morning after calling just one witness and introducing a handful of exhibits.
Basile assures progress on arts center
The Center for the Performing Arts Interim CEO Frank Basile said it's making financial progress but will continue to need support from the city of Carmel. Mayor James Brainard is asking the city council to put $1.62 million in the Support for the Arts Fund, which last fall was allotted $265,000. The funding increase would […]
Herff Jones closing yearbook plant with 130 workers
Herff Jones Inc. of Indianapolis has decided to close a yearbook manufacturing plant that employs 130 people in Matthews, N.C., by the end of the year.
Socialite raising money to repay fraud victims
A New York socialite has raised more than half of the $7 million a court ordered her to repay after she pleaded guilty to duping an Indiana company and other corporations out of millions of dollars.
Gov. Daniels to be named Purdue’s next president
Mitch Daniels, Indiana's two-term governor, will succeed France Cordova as Purdue University president, a source told IBJ Tuesday morning.
Whitsett’s Lockerbie project will be market rate
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
Prosecution rests after testimony from Fair Finance trustee
Attorneys for Tim Durham and his co-defendants are expected to start their defense Tuesday morning and wrap it up in the afternoon. The jury is expected to begin deliberations Wednesday.
Report: Charitable donations ticked up in 2011
Charitable giving grew 4 percent nationally in 2011, but the increase was less than 1 percent after adjusting for inflation, according to a report released Tuesday by the Giving USA Foundation and The Center on Philanthropy at Indiana University.
Court ruling would lift cloud of uncertainty
The U.S. Supreme Court did not hand down a ruling in the health care reform case Monday morning. The nine justices meet again Thursday, but most observers expect the decision to come June 25 or June 28.
People
Sam Odle, the chief operating officer of Indiana University Health and one of Indianapolis’ most prominent black business executives, will retire next month. Odle, 62, will be replaced on an interim basis by Jim Terwilliger, who became vice president of IU Health Cancer Services last year after serving as an executive at the University of Pittsburgh Medical Center. IU Health will conduct a national search for a permanent replacement. Odle said he wanted to have more time with his family and for personal pursuits. However, he said he would like to do consulting for some health care companies and remain active in charity work.
IU Health named Dr. Gaurav Arora the new chief medical officer for IU Health Saxony Hospital in Fishers. Since Dec. 1, Arora has been Saxony hospital’s medical director for emergency services. He is also a professor of clinical emergency medicine at IU School of Medicine. Arora holds a degree in economics from Case Western Reserve University and did his medical training at the Medical College of Ohio.