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Indiana‘s higher education commissioner will leave his post April 30 to pursue other opportunities. Stan Jones has led the state agency that oversees colleges and universities since 1995. During Jones’ tenure at the Indiana Commission for Higher Education, he oversaw the creation of the 21st Century Scholars program, which helps low-income students to attend college, […]

West-Lafayette based Bioanalytical Systems Inc. restated its earnings on Wednesday and reported its second straight profitable year by posting a gain of $495,000 for the 12 months ended Sept. 30. Revenue in the fiscal year climbed nearly 5 percent, to $41.7 million.The company adjusted its earnings after incorrectly stating the tax provision for the fourth […]

Chrysler workers in Kokomo could find out today whether they will go back to work on Jan. 20, as scheduled, the Kokomo Tribune is reporting. Chrysler spokeswoman Mary Beth Halprin told the Tribune that production schedules are set on Thursdays, and that Chrysler could take into account December sales – which were down 53 percent […]

Fortune Industries Inc. eked out a profit of $44,000 in its first fiscal quarter – up from $10,000 in 2007 – even as revenue dropped to $36.2 million from $43.8 million in the same period last year. The Indianapolis-based company yesterday announced financial results for the quarter ended Nov. 30. “We are ecstatic to have […]

As expected, Eli Lilly and Co. said this morning it has agreed to pay $1.4 billion to settle criminal and civil charges related to its marketing of antipsychotic drug Zyprexa. Indianapolis-based Lilly set aside the money in October in anticipation of a settlement. As part of the criminal investigation, Lilly will plead guilty to a […]

A generic drugmaker asked a federal court of appeals Tuesday to lift an order that is preventing it from selling a cheaper copy of Eli Lilly and Co.’s osteoporosis drug Evista, according to Bloomberg News. The order would expire March 9 anyway. That is the same day Indianapolis-based Lilly and the generic company, Israel-based Teva […]

The future of the Indianapolis Navistar plant is uncertain after the company agreed Tuesday to stop producing diesel engines for Ford Motor Co. at the end of the year. Navistar’s Brookville Road plant produces engines used in Ford’s F-Series pickups. It employs about 600 workers.The decision to stop manufacturing the motors is part of a […]

Sixty-five employees at the east-side Reebok manufacturing plant in Indianapolis lost their jobs today as part of a broader company-wide restructuring. A Reebok spokeswoman declined to divulge details of the cuts, but said difficult economic conditions contributed to the decision. The plant has 950 employees and manufactures and distributes apparel for the National Football League, […]

Eli Lilly and Co. could agree as soon as Thursday to pay $1.4 billion to settle criminal and civil charges related to its marketing of antipsychotic drug Zyprexa, according to a story today in the New York Times. The Times cited unnamed sources involved in Lilly’s negotiations with federal Justice Department officials. Indianapolis-based Lilly already […]