Emmis still facing NASDAQ-delisting danger
After an eight-day trading stretch in which its shares traded above $1 each, Emmis stock fell to 97 cents on Tuesday, below an important NASDAQ exchange threshhold.
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After an eight-day trading stretch in which its shares traded above $1 each, Emmis stock fell to 97 cents on Tuesday, below an important NASDAQ exchange threshhold.
Caterpillar Logistics Inc. plans to permanently lay off 84 employees from a facility in Greenfield, where it handles distribution services for Irwin Industrial Tools.
Bren Simon is poised to replace her outside legal team in favor of a heavy hitter from Chicago as she appeals two courtroom setbacks in Hamilton County.
The bill would change a much-ridiculed law that took effect last summer requiring everyone — regardless of age — to be carded for carryout alcohol.
Excluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
Sen. Karen Tallian, D- Portage, is sponsoring a bill that would direct the criminal law and sentencing study committee to examine Indiana's marijuana laws next summer and come up with recommendations.
Gov. Pat Quinn has a message for New Jersey Gov. Chris Christie and officials from other states trying to lure jobs from Illinois: Back off.
Indiana drivers would not be allowed to send or read text messages on mobile phones under legislation that cleared the Indiana House on Tuesday.
Eli Lilly and Co. probably will get approval for its newly acquired imaging agent used to diagnose Alzheimer’s disease, but so far analysts are unimpressed.
Alecia DeCoudreaux, the top attorney for Eli Lilly and Co.’s U.S. unit, will leave to become president of Mills College in Oakland, Calif. DeCoudreaux, 55, has worked at Indianapolis-based Lilly for 30 years after earning her law degree from Indiana University in Bloomington. As general counsel for its U.S. business, DeCoudreaux guided Lilly through all U.S. regulations, including its applications with the Food and Drug Administration to launch new drugs.
Carmel-based Zotec Partners has hired Bradley Myers as director of marketing. Prior to joining Zotec, Myers was the marketing specialist for Medical Management Professionals Inc. Myers has a marketing degree from George Mason University.
John H. Johnson, president of Indianapolis-based Eli Lilly and Co.’s oncology unit, will resign on Friday to become CEO of East Brunswick, N.J.-based biotechnology company Savient Pharmaceuticals Inc. Johnson had been CEO of New York-based ImClone Systems Inc. when Lilly acquired it in 2008.
The Indiana 21st Century Research and Technology Fund received $2.6 million from the December sale of Marcadia Biotech to Roche Diagnostics Corp. That represented a 30-percent total return on the state’s $2 million investment in the company. It is the first time the 21st Century Fund has reaped a return on one of the grants it gives to startup companies since the fund rewrote its investment rules five years ago. Before that, it simply made grants that did not have to be repaid if a company hit it big.
Hoosier Village Retirement Center in Zionsville announced plans Monday for a $32 million project that will expand its campus near Interstate 465 and Michigan Road. Hoosier Village plans a 90-unit apartment complex to replace its original residence hall, which was constructed in the 1960s, renovated in the 1990s and expanded in 2001. Hoosier Village currently has 197 independent-living units on its 150-acre campus. Plans also call for a “Memory Support Center,” licensed for residential care of residents with Alzheimer’s and other dementia-related conditions. It will have 36 private rooms and 7,500 square feet of common areas. In addition, the expansion will add a 23,700-square-foot dining center with a 250-person seating capacity, and a community center with exercise rooms, a fitness center, indoor swimming pool and locker rooms. Hoosier Village is a not-for-profit community operated by Baptist Homes of Indiana Inc. The expansion, which should begin this spring and conclude in 2013, will allow the center to add 50 full-time workers. The project is awaiting approval from the Zionsville Planning Department.
Indianapolis-based Arcadia Resources Inc. signed a three-month pilot agreement with the Cleveland Clinic under which the hospital system will use Arcadia’s DailyMed program to help chronically ill patients take their medications after being released from a hospital, thereby reducing readmissions. DailyMed dispenses a monthly cycle of a patient’s prescriptions, over-the-counter medications and vitamins, and organizes them into pre-sorted packets marked with the date and time they should be taken. Also, DailyMed pharmacists call patients, as well as their primary-care doctors and caregivers to encourage medication compliance and avoid drug interactions.
Nearly 300 physicians from Indianapolis-based Community Physicians of Indiana and Evansville-based Deaconess Clinic have joined a research network run by HealthCore Inc., a subsidiary of Indianapolis-based WellPoint Inc. The Integrated Research Network uses physicians to study drugs, devices, diagnostics and medical methods to see if real-world applications differ from results produced in clinical trials. HealthCore combines its study results with WellPoint’s records on the 33 million Americans it insures. The Deaconess Clinic has about 90 physicians in its multi-specialty physician group. Community Physicians of Indiana employs about 200 general practice physicians for the Community Health Network hospital system. The HealthCore network is currently exploring several opportunities in the areas of heart failure, pain syndromes, antibiotic resistance, Type 2 diabetes and breast cancer.
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
Chris Sears is a health care and employee-benefits attorney at Ice Miller LLP in Indianapolis. He spoke about how employers are sizing up health insurance reforms that hit in 2014, which would set up government-subsidized insurance as a new option for workers but also would penalize most employers if they stop sponsoring employee health benefits.
Over the past 10 years, Purdue University has built Discovery Park into a thriving research and business incubation center, launching more than 30 companies and hosting dozens more. Now Purdue will spend more than $164 million to construct a Life and Health Sciences Quadrangle next to Discovery Park.
Yet another collection of unpublished material is being released. When is enough enough?