Ball State defends planned tuition increases
Ball State University officials say a proposed tuition increase of about 4 percent for undergraduates and 9 percent for graduate students is needed to offset cuts in state funding.
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Klipsch steps down as speaker maker CEO
Longtime Klipsch Group executive Paul Jacobs will take the helm, giving the Indianapolis company its first leader not named Klipsch.
WOJTOWICZ: Relief available for firms with falling real estate values
New law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504 loan program.
Massive wind farm planned north of Indianapolis
A Chicago-based wind-farm developer is planning a $175 million farm about 45 miles north of Indianapolis that will span parts of Madison, Tipton, Grant and Howard counties.
Government cutting rates for hard-to-insure patients
So far, about 18,000 people have signed up for the Pre-Existing Condition Insurance Plan, well short of government projections that some 375,000 people would gain coverage in 2010. Rates in Indiana will fall 26 percent.
General Mills plans $36M distribution center
General Mills Inc. announced Tuesday it would spend $36 million in building the new distribution center in Fort Wayne and potentially add 65 jobs by the end of 2012.
Shrunken Lauth emerges from reorganization
Lauth Investment Properties, which holds the remains of the real estate empire of Lauth Group, has emerged from Chapter 11 bankruptcy, with about $25 million and a portfolio of properties valued at $35 million.
Tuition hikes approved for Indiana University
Students at Indiana University's main campus in Bloomington will see their bill for tuition and fees go up at least 5.5 percent this coming school year.
Coroner probes robbery suspect’s death
Marion County’s coroner is investigating the death of a robbery suspect who died shortly after being taken into custody by Indianapolis police Sunday night. Police say 43-year-old Roy McDowell and another man robbed Judge's BBQ near West Michigan Street and Belmont Avenue on the near-west side about 8 p.m. Sunday. After stealing about $100 in cash, the two suspects ran off. After a short foot chase, police say officers caught up with McDowell a couple blocks away. Officers said McDowell resisted arrest before they were able to get handcuffs on him. The suspect requested medical help and was taken to Wishard Hospital, where he was pronounced dead about an hour later. Some neighborhood witnesses say police used excessive force in capturing McDowell.
Boy critical after pool incident
Indianapolis police say a 13-year-old boy was hospitalized in critical condition at Riley Hospital for Children after being pulled from the bottom of a pool during a celebration of his birthday. The accident happened about 7 p.m. Monday at the community pool serving Valley Brook Trailer Park on the southwest side of the city. Police said 15 to 20 adults and children were attending the party when another 13-year-old found the boy at the bottom of the pool and called for help. The boy's name hasn't been released, and the case is being treated as an accident.
Wheldon snags $2.5M for victory
Dan Wheldon won $2.57 million from an overall purse of $13.5 million for his victory Sunday in the Indianapolis 500. England native Wheldon, who started sixth, became just the 18th driver to win the race at least twice. He set a record by leading the race for only one lap, breaking the record of two laps by Joe Dawson in 1912. Rookie JR Hildebrand, who finished second after hitting the wall and losing his lead on the final turn, will get nearly $1.1 million.
Cadillac Ranch takes chance on former Music Mill space
North-siders will finally get a shot at riding a Cadillac Ranch mechanical bull without driving to Union Station.
Honda adding 1,000 workers at Greensburg plant
The automaker expects to double its current work force at the plant 50 miles southeast of Indianapolis as it prepares to add a second shift by the end of the year.
Budget cuts will limit Indiana inmate education
ndiana lawmakers' decision to cut off grants to state prison inmates attending college could make it harder for prisoners to find employment when they're released, supporters of the program fear.
Purdue board hikes student tuition, adds fee
Purdue University students will begin paying either $400 or $1,000 more in tuition and fees next school year, depending on whether they are in-state or out-of-state.
Chambers of commerce take bigger role in politics
After years of advocating pro-business positions, many chambers are taking the next step and issuing endorsements in hopes of ensuring business-friendly mayors get elected.
Decision unclear on Purdue president’s future
Purdue University leaders aren't saying whether President France Cordova will stay on the job after she reaches its normal retirement age next year.
People
WellPoint Inc. removed Chief Accounting Officer Martin L. Miller immediately "without cause" and replaced him May 26 with John E. Gallina, who had most recently been senior vice president of internal audit and continuous improvements. WellPoint offered no explanation publicly for Miller’s removal. He came to WellPoint in 2008 from Denver-based Molson Coors Brewing Co. According to the Associated Press, Gallina recently was called a “rising star” within WellPoint by an analyst.
Company news
Eli Lilly and Co. lost the first round of its family legal dispute with Amylin Pharmaceuticals Inc. The California-based company won an injunction that prevents Indianapolis-based Lilly from using the same sales force to sell the Amylin-created drug Byetta as well as a new drug called Tradjenta, made by Germany-based Boerhinger Ingelheim GmbH. Both drugs are for patients with Type 2 diabetes, and therefore would compete against each other. Byetta is an injectable medicine and Tradjenta is an oral agent. Lilly said it is disappointed with the first ruling and will keep fighting Amylin’s lawsuit.
Franklin-based Johnson Memorial Hospital and Indianapolis-based Community Health Network will put their clinical collaboration agreement into effect June 1. The agreement was reached in February, after Johnson Memorial also considered proposals from Franciscan St. Francis and Indiana University Health. The deal, while not an acquisition, solidifies Community’s presence in the fast-growing southern suburbs of Indianapolis, where it already maintains a 150-bed hospital along County Line Road. Johnson Memorial, located nearly 15 miles south, is licensed for 101 beds. Hospitals and doctors are being pushed by health insurance plans to partner up to keep patients healthy—both before and after they actually seek medical care. But Community and Johnson Memorial are also looking to expand their offerings, particularly for heart patients.
Advion BioServices, a subsidiary of New York-based Advion BioSciences Inc., has opened its 22,000-square-foot drug-discovery and bioanalytical laboratory at the Purdue Research Park of Indianapolis' technology center at the Ameriplex Business Park near the Indianapolis International Airport. The new facility, staffed with 50 employees, was announced in March. Advion, a contract-research organization, will focus on earlier-stage, drug-discovery and metabolism bioanalytical services that evaluate how a potential new medicine is absorbed and metabolized in experimental models. Many of these services generate the data needed to prepare a molecule for human trials.
Indianapolis-based BioStorage Technologies announced Thursday it has opened a 60,000-square-foot biorepository facility in Indianapolis. The $4.6 million facility, located near the Indianapolis International Airport, will be used to prepare, store and transport tissue and blood samples. BioStorage serves biotech companies, such as Massachusetts-based Biogen Idec, as well as medical-device makers such as Minnesota-based Medtronic Inc. and academic research institutions. The facility will allow BioStorage to prepare samples for its clients via automated equipment, which the company says provides the accuracy needed by high-volume medical researchers. BioStorage, founded in 2002, is one of a handful of central Indiana companies that have developed a specialty in life sciences logistics. Others include Indianapolis-based Sentry BioPharma Services Inc., Plainfield-based MD Logistics Inc., and Bloomington-based BioConvergence LLC.