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Denmark-based NeuroSearch has signed an agreement with Indianapolis-based Eli Lilly and Co. to form a three-year drug discovery and development alliance to investigate treatments for central nervous system disorders. Lilly will spend $30 million in the next three years on the alliance. Of that amount, Lilly will pay $17 million to buy NeuroSearch stock, according […]
Republic Airways Holdings Inc. yesterday reported lower revenue and profit for the fourth quarter of 2008, but the financial performance exceeded analysts’ expectations. The Indianapolis-based airline had revenue of $339.3 million for the quarter ended Dec. 31-3.6-percent less than the $351.8 million it reported for the same period of 2007. The company had profit of […]
Wabash National Corp. capped a dismal 2008 with an even worse fourth quarter, the Lafayette-based truck-trailer manufacturer reported late yesterday. The company lost $110.7 million, or $3.69 per share, in the fourth quarter, which ended Dec. 31, on revenue of $230.7 million. It made $5.6 million in the same period of 2007 on revenue of […]
Changes to a bill in the Indiana House would completely exempt casinos from a proposed statewide smoking ban. Also approved yesterday were changes allowing nursing homes to designate areas where smoking is permitted and allowing communities to pass tougher restrictions even after the bill’s original deadline of 2010. The bill originally would have banned smoking […]
Political fighting in the Indiana House has delayed at least temporarily a vote on a bill to help fix the state’s depleted unemployment insurance fund. The bill would raise taxes on employers to help balance the fund, which currently pays out millions of dollars more than it collects while relying on federal loans to issue […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A House committee approved a bill tonight to give temporary tax breaks to three Indiana casinos, including new ones at the state’s two pari-mutuel horse tracks. The House Ways and Means Committee voted 17-7 for a bill to give tax breaks on wagering revenue for […]
Finalists have been selected for Purdue University’s Burton D. Morgan Business Plan Competition, which will award a total of $100,000 in prize money to winners in an effort to spur entrepreneurship. Finalists will make their business-plan presentations Feb. 24 from 8:30 a.m. to 4:15 p.m. in Discovery Park’s Burton D. Morgan Center for Entrepreneurship in […]
Pittsburgh-based PNC Financial Services Group Inc., which acquired Cleveland-based National City Corp. on Dec. 31 for $5.6 billion, has committed to be the presenting sponsor of the Children’s Museum of Indianapolis’ Haunted House for the next decade. Financial terms of the sponsorship were not disclosed. As part of the bank merger, PNC publicly pledged to […]
As long as Indiana Pacers co-owners Mel and Herb Simon are alive, I’m convinced the team will not move out of town, and certainly won’t fold. I’m not convinced there are many other…
Elkhart County is getting some jobs, instead of losing them. Office chair manufacturer Izzy plans to expand its plant north of Middlebury in north-central Indiana, creating 85 new jobs over the next two years and boosting its annual payroll by $3.8 million, local officials said Saturday. “This announcement comes as a breath of fresh air […]
Carmel officials are expected to vote tonight on a controversial plan to spend $20 million on a plan to turn six intersections along Keystone Avenue into roundabouts. The original price tag for the project was $90 million, but Carmel Mayor Jim Brainard later called for an additional $50 million to fund the construction. Tonight, the […]
A town hall meeting later today will give Hoosiers a chance to discuss whether Indianapolis workplaces should go smoke-free. Last week, an Indiana House committee approved a bill that would ban smoking in most public places except casinos and certain bars and hotels. A panel that includes a family nurse practitioner, the leader of Indiana […]
Pittsburgh-based PNC Financial Services Group Inc., which acquired Cleveland-based National City Corp. on Dec. 31 for $5.6 billion, has committed to be the presenting sponsor of the Children’s Museum of Indianapolis’ Haunted House for the next decade. Financial terms of the sponsorship were not disclosed. As part of the bank merger, PNC publicly pledged to […]
A newspaper serving the south side of Indianapolis will live on in a new form. Roughly one month after Indianapolis Star parent Gannett Co. stopped printing the Spotlight – a stalwart of the community for 70 years – the Southsider Voice has emerged to take its place. The weekly paper may be new, but its […]
Union members who took part in weekend rallies across Indiana mixed complaints about the nation’s recent job losses with calls for consumers to “Buy American.” The workers rallied Saturday as part of union-sponsored “Rebuild America” events that came one day after Congress passed a $787 billion economic stimulus package that includes a “Buy American” clause. […]
A new presenting organization for Indy Jazz Fest hopes to strike the right note with a summer music festival that has been on a financial roller coaster since its founding 10 years ago. The Indy Jazz Fest Corp. – a partnership of the Jazz Kitchen nightclub and restaurant, the Owl Studios downtown recording company and […]
The University of Indianapolis has added five trustees to its board, including former Indianapolis mayor Bart Peterson. Since losing his bid for a third term as mayor in 2007, Peterson has worked as a resident fellow at Harvard University’s Institute of Politics and as chairman of the Mind Trust, an education not-for-profit he co-founded in […]
It may sound like a nice problem for states – figuring out how to spend the billions in infrastructure funding they’ll receive as part of President Barack Obama’s economic stimulus plan. But the task is more complicated than it seems, as state officials try to set priorities while managing competing pressures from communities, watchdog groups […]
A newspaper serving the south side of Indianapolis will live on after all. Roughly one month after Indianapolis Star parent Gannett Co. stopped printing the Spotlight – a stalwart of the community for 70 years – the Southsider Voice has emerged to take its place. The weekly paper may be new, but its founders are […]
Union members who took part in weekend rallies across Indiana mixed complaints about the nation’s recent job losses with calls for consumers to “Buy American.” The workers rallied Saturday as part of union-sponsored “Rebuild America” events that came one day after Congress passed a $787 billion economic stimulus package that includes a “Buy American” clause. […]
