Pacers have explaining to do
Slowly but surely, Indiana Pacers officials are releasing more information about their financial distress. Last month, Pacers brass told me they had lost money in nine of 10 years at Conseco Fieldhouse, including the…
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Health IT stimulus may not be enough, study says-WEB ONLY
Billions of stimulus dollars meant to spur doctors to switch to electronic record-keeping may not be enough to do the job, a private consulting firm said yesterday. The stimulus bill that President Barack Obama signed last month contained $19 billion for health information technology, including $17 billion for incentives and penalties to encourage doctors and […]
Brooklyn firm buys local apartments for $55M-WEB ONLY
A Brooklyn-based real estate investment firm is spending $55 million to purchase a local apartment portfolio from one of the country’s largest owners of multi-family housing. Hampshire Properties LLC purchased six apartment communities from Denver-based Apartment Investment & Management Co., known as AIMCO. The sale totals more than 2,100 units, including the Westlake and Wind […]
Even amid recession, some companies are hiring-WEB ONLY
Help wanted: pharmacists, engineers and nurses. Believe it or not, even some banks are hiring, at least for their technology teams. While the recession has claimed 4.4 million jobs, the economy has created others, many of them for highly trained and specialized professionals. More than 2 million jobs openings now exist across a range of […]
Judge blocks generic version of Lilly drug-WEB ONLY
Eli Lilly and Co. has temporarily blocked Teva Pharmaceutical Industries Ltd. from selling a cheaper generic copy of Lilly’s osteoporosis drug Evista. U.S. District Judge Sarah Evans Barker issued a restraining order yesterday in Lilly’s hometown of Indianapolis, keeping raloxifene HCl tablets off the market for at least 10 days. The ruling kicked off the […]
State’s high-tech high schools lauded as models-WEB ONLY
Indiana was praised yesterday as a national leader in new methods of teaching and learning in high schools. The Cincinnati-based KnowledgeWorks Foundation joined Indiana Gov. Mitch Daniels in announcing that it is giving $10 million to the New Technology Foundation (New Tech), based in Napa, Calif. Both organizations promote so-called high-tech high schools. Lecture time […]
Cash-strapped CIB makes more cuts-WEB ONLY
The city’s Capital Improvement Board approved cutting an additional $1.5 million from its annual budget today and may have moved a step closer toward funding its annual operating budget with an increase in hospitality taxes. Local sports teams have been reluctant or noncommittal about shouldering a bigger financial load, CIB officials said. As a result, […]
Jack in the Box coming to Indy
The West Coast fast-food stalwart Jack in the Box is looking to expand to Indianapolis this year. The San Diego-based burger chain plans…
Lilly asks court to block generic Evista-WEB ONLY
Eli Lilly and Co. asked a judge today to block Teva Pharmaceutical Industries Ltd. from selling a cheaper generic copy of Lilly’s osteoporosis drug Evista, Bloomberg News reported. Indianapolis-based Lilly made the request before U.S. District Judge Sarah Evans Barker, who didn’t make a ruling today, the first day of a patent-infringement trial between the […]
Busier French Lick Airport expanding terminal-WEB ONLY
A new French Lick Airport terminal designed to serve a growing number of travelers to southern Indiana’s Springs Valley will be nearly five times the size of the current facility built more than 40 years ago. “It kind of had fallen on bad times and is not the image we like to project as we […]
IMA chooses Sodexo to replace Puck-WEB ONLY
The Indianapolis Museum of Art has selected Sodexo Inc. to replace Wolfgang Puck as its restaurant operator and to share museum catering responsibilities with Kahn’s Catering in Carmel. The IMA’s announcement this morning culminates a six-month search following the museum’s decision in September to restructure its food-service operations. Based in Maryland, Sodexo employs 120,000 […]
Allison hopeful of landing new Marines contract-WEB ONLY
Indianapolis-based Allison Transmission Inc. has completed the first production-quality transmission that could be used in a new amphibious fighting vehicle for the U.S. Marine Corps – a development that could mean substantial work for the local manufacturer. “We’re getting closer to gaining a very, very large contract,” Allison spokesman Eric Dickerson said. Allison was scheduled […]
Emmis seeks $10M in savings from cuts-WEB ONLY
Emmis Communications Corp. says in a new regulatory filing that it hopes the job cuts and pay reductions announced last week will save it about $10 million a year. Emmis, which owns radio stations and publishes city magazines, eliminated 91 full-time employees and 14 part-timers. The cuts represented 7.5 percent of its work force. In […]
Severe storms rip through Indiana-WEB ONLY
At least 19 homes were damaged in Lawrence County yesterday as strong storms hit parts of southern Indiana. In northern Indiana, a tornado touched down near Columbia City, destroying three trailers at a mobile home park and damaging about 20 others. Numerous injuries were reported, but none serious. More severe storms are expected tomorrow, with […]
IU receives ‘priceless’ Bernstein gift-WEB ONLY
The children of Leonard Bernstein have donated the contents of the famed composer’s Fairfield, Conn., studio to Indiana University’s Jacobs School of Music, the school announced today. Among the donations: a conducting stool from the Vienna Philharmonic that is said to have been used by Johannes Brahms, 39 Grammy-nomination plaques, Bernstein’s stand-up composing table, a […]
IMA chooses Sodexo to replace Puck-WEB ONLY
The Indianapolis Museum of Art has selected Sodexo Inc. to replace Wolfgang Puck as its restaurant operator and to share museum catering responsibilities with Kahn’s Catering in Carmel. The IMA’s announcement this morning culminates a six-month search following the museum’s decision in September to restructure its food-service operations. Based in Maryland, Sodexo employs 120,000 people […]