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Candle company cooks up products with a ‘green’ twist

After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and
their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple
skirted heavy franchise fees and started Twisted Wick Candle Co.

Seniors are nation’s fastest-growing group of entrepreneurs

For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout,
for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s
now 67 years old. And a first-time entrepreneur.

Lilly unit first tenant in NYC bioscience park-WEB ONLY

Eli Lilly and Co. will relocate the research offices of its ImClone subsidiary into a new bioscience park developed by New York City. Indianapolis-based Lilly will be the first tenant in the new East River Science Park, according to an announcement made this afternoon by New York Mayor Michael Bloomberg and Lilly CEO John Lechleiter. […]

Fox 59 adding afternoon newscast-WEB ONLY

Indianapolis Fox television affiliate WXIN-TV Channel 59 today disclosed plans to expand its weekday news coverage by adding an hour-long newscast at 4 p.m. and adding a half-hour to its morning news. The station expects to make the moves beginning Sept. 21. The expansion will add “several” on-air and off-air positions to Fox 59’s staff, […]

Exchange rates help boost Lilly profit-WEB ONLY

Investors and analysts brushed off the 21-percent quarterly profit growth announced by Eli Lilly and Co. this morning and focused on the company’s launch of its new blood-thinning drug Effient. Shares of the Indianapolis-based drugmaker were flat in morning trading, in line with broader markets, even though Lilly boosted its year-end profit forecast by a […]

Coal-to-wood switch suggested for power plant-WEB ONLY

A southern Indiana city is considering whether to convert its municipal power plant so that it could burn waste wood instead of coal. Jasper city officials say the plant has been shut down for all but a few weeks this year because low electricity prices have made it too expensive to operate. Doug Tischbein of […]

Ex-Indianapolis councilman named to Senate-WEB ONLY

A former member of the Indianapolis City-County Council has been elected to fill a vacancy in the Indiana State Senate. Republican precinct committee members elected Scott Schneider during a caucus last night to replace Teresa Lubbers, who resigned from the Senate to become the state’s higher education commissioner. Schneider’s term representing Senate District 30, which […]

Lilly profit up 21 percent, topping expectations-WEB ONLY

Second-quarter profit rose 21 percent at Eli Lilly and Co., helping the company beat the expectations of Wall Street analysts and raise its year-end profit forecast. The Indianapolis-based drugmaker earned $1.16 billion, or $1.06 per share, including a $105 million after-tax charge Lilly recorded to prepare for an expected legal settlement involving its bestseller Zyprexa. […]

Minimum wage hike coming Friday-WEB ONLY

The minimum wage for Indiana workers is going up. The state’s minimum wage will increase from $6.55 per hour to $7.25 per hour on Friday. It coincides with a 10.7-percent increase in the federal minimum wage to $7.25 per hour. The Indiana Minimum Wage Law applies to the minority of Hoosier employers and employees not […]

Muncie plant closure to cost 130 their jobs-WEB ONLY

The Duffy Tool and Stamping plant in Muncie will close by the end of October, costing about 130 workers their jobs, company officials said. Duffy’s parent company, Cleveland-based Brittany Stamping LLC, told the Muncie Star Press that the decision to close was caused by poor national economic conditions “created by the collapse of the banking […]

Dueling Franklins iron out trademark dispute

Indiana-based Franklin College and Ohio-based Franklin University resolved their legal case last night, with Franklin University
agreeing to take specific steps in its advertisements to distinguish itself from Franklin College.

Ambrosia plans downtown location

The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a new location downtown on the first floor of the Hampton Inn along Maryland Street. The…

Barge builder cutting 120 jobs-WEB ONLY

Barge builder Jeffboat is laying off about 120 workers at its southern Indiana manufacturing facility along the Ohio River. The job cuts will leave the division of American Commercial Lines Inc. with about 1,100 workers at the Jeffersonville facility. Company spokesman David Parker blamed the recession and fluctuating demand for the layoffs announced yesterday. The […]

Franklins iron out trademark dispute-WEB ONLY

Indiana-based Franklin College and Ohio-based Franklin University resolved their legal case last night, with Franklin University agreeing to take specific steps in its advertisements to distinguish itself from Franklin College. The agreed judgment against Franklin University was negotiated yesterday by U.S. District Court Magistrate Judge Tim Baker and signed today by U.S. District Court Judge […]

Westfield moves ahead with sports facility plan-WEB ONLY

A study commission has concluded that a major development involving a new youth-sports complex would be viable for Westfield, the city announced this morning. Mayor Andy Cook announced in April that Westfield wanted to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, […]

United Way to administer $3.9M in homeless funds-WEB ONLY

Charities helping homeless people and trying to prevent homelessness will soon have access to $3.9 million in federal stimulus grants. The money targets Marion County residents who need a place to live, or who need help with rent or utilities in order to avoid homelessness. Indianapolis was awarded the money in May, but handed off administration to […]

RV supplier plans on hiring 240 in Elkhart-WEB ONLY

A recreational vehicle industry supplier plans on hiring about 240 people in northern Indiana as it shifts some production from Sweden. Dometic Corp. will spend at least $9 million on equipment for a factory in Elkhart to make refrigerators, awnings, air conditioners and other products. Company president Douglas Whyte said the factory could start production […]

Vertellus acquires New Jersey oil company-WEB ONLY

Indianapolis-based Vertellus Specialties Inc. has acquired Degen Oil & Chemical Co., a New Jersey-based manufacturer of alkyd resins and specialty vegetable, nut and fish oils, the companies announced yesterday. Terms of the deal, which closed July 1, were not disclosed. Vertellus, which develops and manufactures specialty chemicals used for pharmaceutical, personal care, nutrition and agricultural […]