Credit mess puts Ralston on hold
A $60 million project slated for South Street between Meridian and Pennsylvania streets is on hold until credit markets return to some semblance of normal, the developer…
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Purdue scores high among exec MBA programs
Purdue University’s executive MBA program, which is tailored for professionals returning for an advanced degree, placed 21st in the nation in The Wall Street Journal’s first such ranking. Purdue’s Krannert School was the only program in the state to make the list of the top 25 universities. Northwestern’s Kellogg School of Management placed No. 1, […]
Purdue expert: Retailers may see bleak Christmas
Talk about a lump of coal. Purdue University retail expert Richard Feinberg said this morning that retailers might face their worst Christmas season in 15 years. A best-case scenario would be for sales this year to be 2 percent higher than last year, said Feinberg, who directs the university’s Center for Customer-Driven Quality. However, he […]
Lilly, ImClone shares steady amid merger talk
Stock in Indianapolis-based Eli Lilly and Co. and ImClone Systems Inc. fell slightly today – a day after reports surfaced that Lilly has made a $6.1 billion offer for the New York-based cancer drug developer. Lilly shares fell 40 cents to $43.30, and ImClone stock slipped 11 cents to $65.24. The declines came on a […]
Kite Realty raises $50M in stock offering
Community shopping center developer Kite Realty Group Trust said today that it has raised about $50 million by selling stock, a move the company says positions it to pursue growth opportunities. The offering met with strong demand from investors. The Indianapolis-based company sold 4.7 million shares, 1.7 million more than the minimum it hoped to […]
Texas jury slaps Celadon with $1.5M judgment
Celadon Group today said it is considering its legal options following a $1.5 million judgment handed down by a jury in Ellis County, Texas, over a 2006 lane-change accident that injured two motorists. A truck operated by Celadon Trucking struck a vehicle carrying two men from Austin, Texas, on Interstate 35 near Waxahachie. Chairman and […]
Indiana an auto state? Now chemicals are king
After 12 years of leading Indiana’s bread-and-butter manufacturing industry, carmaking has taken a second-row seat. Chemicals have grown to become the biggest segment within manufacturing, according to a new study by the Indiana Business Research Center. Chemicals-defined by government statisticians to include pharmaceuticals-dislodged automaking in 2004. Study author Timothy Slaper thinks the trend will last […]
Pacers reacting to economic crunch
Let it not be said that the Indiana Pacers are not community minded. Team officials yesterday released several initiatives the team recently has launched to reach out to fans during these “difficult economic…
ImClone: Suitor due diligence finished
ImClone Systems Inc., the New York cancer drug developer said to be in talks to be acquired by Indianapolis-based Eli Lilly and Co., disclosed late yesterday that the suitor had “completed due diligence and made a proposal not subject to financing or further due diligence.” ImClone didn’t identify the suitor, but said it is a […]
$159M Pac-Van acquisition closes
General Finance Corp. said yesterday that it has closed its $159 million purchase of Pac-Van Inc., the Indianapolis company that leases mobile offices and storage units. Pasadena, Calif.-based General Finance announced in July that its GFN North America Corp. arm would acquire Pac-Van parent Mobile Office Acquisition Corp. to enter the North American market for […]
Report: Lilly offers $6.1B for ImClone
Eli Lilly and Co. is in late talks to acquire ImClone Systems Inc. for $6.1 billion, according to a report on The Wall Street Journal’s Web site. The New York biotech firm develops various medicines for cancer treatments. Lilly would pay $70 per share for ImClone, the Journal said. The deal would be one of […]
Carnage: Art vs. Art and “Sweeney”
As I mentioned Monday, I finally got to Art vs. Art (Sept. 26), the crazed art auction/game show/demolition derby that uptowned from Fountain Square to the Vogue this year.
I’ll confess to getting caught up in the same blood lust…
UPDATE: ExactTarget to add 300 jobs
ExactTarget Inc., an Indianapolis firm that helps companies e-mail messages to customers, will expand its downtown operations by creating 300 jobs within the next five years, executives announced this morning. The company will invest $25 million to locate the workers in the historic Gibson Building at Michigan Street and Capitol Avenue, near its corporate headquarters […]
IRL TV ratings revved up
In the first season of open-wheel racing unification, the Indy Racing League registered viewership increases on its telecasts on ABC, ESPN and ESPN2. For the 17 races on the IRL schedule this year,…
Reasons not to retire
Plenty of people plan to work until at least age 67, when eligibility for full Social Security benefits
kicks in, a new study shows. And itâ??s not just for the money.
Many say remaining in the workplace will help them…
Lilly starting next phase of Alzheimer’s trial
Eli Lilly and Co. plans to launch a second Phase 3 clinical trial of one of its experimental Alzheimer’s medicines. The Indianapolis-based drugmaker announced today that it hopes to test its gamma secretase inhibitor in 1,100 patients from 22 countries. Doctors will give the drug, known as LY450139, to patients over 21 months, adjusting the […]
Measuring up to Larry Legend
Larry Bird has long been a measuring stick for Hoosier high school hoops hopefuls. Today, the Indiana Pacers, in conjunction with the National Federation of State High School Associations, the Indiana High School…
Bible tour: For better or verse?
Zondervan, one of the world’s leading publishers of Bibles, announced that it will be printing a hand-written version, with more than 31,000 Americans performing the penmanship. It’s being called Bible Across America and, yes, there’s an RV involved. You can find the…
What bad economy? Tourism’s fine in Nashville
Shopkeepers in the Brown County tourism center of Nashville are seeing little impact from the weak economy. Rather, some say business is up, according to The Herald-Times of Bloomington. Tourists are staying closer to home instead of embarking on long, costly trips, with some opting for Brown County over Gatlinburg, Tenn., and other destinations in […]
Around town retail roundup
Loads of retail news to report today:
UPDATE: The Taste of Tango restaurant may be back on track. A sign on the door says the restaurant is “coming soon” and “now hiring.” Old…