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Investors yawned this morning after WellPoint Inc. reported slightly lower first-quarter profits that soared above analysts’ expectations. In late-morning trading, WellPoint’s share price hovered near yesterday’s closing price of $41.76. The Indianapolis-based health insurer earned $1.62 per share, excluding investment losses, in the three months ended March 31. That marked a 43-percent rise from the […]
An Indiana biotechnology company announced yesterday that it has begun producing a genetically modified yeast that promises to make it easier and faster to turn corn cobs, wood chips and a host of agricultural wastes into ethanol. Green Tech America Inc. of West Lafayette said its modified yeast ferments both major forms of sugar – […]
Police are looking for the man who allegedly raped a woman in the first-floor bathroom of a west-side Indianapolis medical building. It happened at a Westview Hospital satellite office at 3520 Guion Road about 11:30 a.m. Monday.
A search committee unanimously voted today to recommend that state Sen. Teresa Lubbers be hired as Indiana’s commissioner for higher education. Lubbers confirmed through a spokeswoman yesterday that she was a leading candidate for the job. The Indiana Commission for Higher Education is expected to confirm the recommendation at its May 8 meeting in New […]
Police say a body found in Kentucky in 2007 was incorrectly identified as Scott Michael Morris, an Indianapolis teenager who disappeared in 1978. Kentucky police say a detective got verbal confirmation in 2007 that the body was identified as Morris, and that information was released to the media. The same detective has received written confirmation […]
The Indianapolis Art Center announced today that it has chosen Carter Wolf as its new CEO. Wolf, executive director of Indianapolis homeless center Horizon House, will assume leadership July 1. He will succeed Joyce Sommers, who has led the organization the past 33 years. Established in 1934 during the Great Depression as a Works Progress […]
Two Indiana universities and a child-services agency are set to benefit from a $27 million estate left by banking executive Arthur Hodson. Indiana Wesleyan University in Marion, Taylor University in Upland and White’s Residential and Family Services in Wabash will receive a majority of the estate, Indiana Wesleyan announced today. The exact distribution of the […]
Indianapolis retirement community Marquette Manor announced this morning that it has secured $66 million in financing for an expansion project that should be completed next spring. Located on Township Line Road on the northwest side, Marquette Manor was built in 1981 and has about 500 residents. The expansion that started a year ago features a […]
Two northern Indiana manufacturers have announced that they are closing operations, cutting about 130 jobs. Nebraska-based Valmont Industries Inc. will close its steel operations unit in Elkhart on June 16, laying off about 70 employees. The company makes steel and aluminum poles for street lights and traffic signals. Plant manager Franco Garcia said the company […]
A search committee unanimously voted today to recommend that state Sen. Teresa Lubbers be hired as Indiana’s commissioner for higher education. Lubbers confirmed through a spokeswoman yesterday that she was a leading candidate for the job. The Indiana Commission for Higher Education is expected to confirm the recommendation at its May 8 meeting in New […]
Locally based MainGate Inc. is getting a big boost from its new contract with the Detroit Lions. MainGate signed a 10-year deal in February to manage…
Two northern Indiana manufacturers have announced that they are closing operations, cutting about 130 jobs. Nebraska-based Valmont Industries Inc. will close its steel operations unit in Elkhart on June 16, laying off about 70 employees. The company makes steel and aluminum poles for street lights and traffic signals. Plant manager Franco Garcia said the company […]
Rolls-Royce PLC announced yesterday that it has landed a $106 million contract with the U.S. Naval Air Systems Command to help power KC-130J tanker aircraft flown by the Marine Corps. Indianapolis-based Rolls-Royce will provide engine management, support, troubleshooting, parts, supplies and logistics support for the Marine aircraft. The contract is for one year, plus three […]
Tony Bennett has been state superintendent of public instruction for just three months, but heâ??s making plenty
of waves.
Bennett, who replaced longtime chief Suellen Reed after she decided not to run for re-election, has not abandoned
his campaign…
I spent a fair amount of yesterday at a meeting with representatives of tourism departments from around the state. Each touted his or her region’s attractions–from Lincoln Amphitheatre (back in action this year) to the Fort Wayne Children’s Zoo,…
Eli Lilly and Co. should win regulatory approval for its blood-thinner prasugrel by the end of the month, according to one Wall Street analyst. Dr. Tim Anderson, an analyst at Sanford C. Bernstein & Co., made the prediction in a note to investors on Tuesday. He added that Wall Street expects prasugrel to receive full approval, despite being dogged […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Investment losses caused profit to fall at WellPoint Inc. in the first quarter, and the company lowered its profit forecast for the year. The Indianapolis-based health insurer earned $580 million in the three months ended March 31, a 1-percent decline from the same quarter a year […]
Anderson-based startup Bright Automotive yesterday finally unveiled the Idea, a 100-mile-per-gallon plug-in hybrid electric van that it is looking to sell to fleet customers such as businesses and government agencies. The automaker’s goal is to produce 50,000 vehicles a year starting in 2013. The ultimate outcome, it hopes, will be millions of dollars in savings […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 An Indiana biotechnology company announced yesterday that it has begun producing a genetically modified yeast that promises to make it easier and faster to turn corn cobs, wood chips and a host of agricultural wastes into ethanol. Green Tech America Inc. of West Lafayette said its […]
State Sen. Teresa Lubbers is a leading candidate to become Indiana’s next commissioner of higher education, she confirmed through a spokeswoman today. She declined to comment further until an official announcement is made tomorrow. The Commission for Higher Education will meet at 11:15 a.m. to make its decision. Lubbers, a Republican from Indianapolis, would replace […]
