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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 […]
It’s long been debated which of the Manning brothers is the better quarterback, Peyton or Eli. Which is the highest paid has never been a debatable point. In Indianapolis—and in New York, it…
Eli Lilly and Co.’s guilty plea for improper marketing of Zyprexa is its second such plea in just over three years.Indianapolis-based Lilly pleaded guilty to one violation of the Food, Drug and Cosmetic Act on Thursday and agreed to pay $1.42 billion to settle both that criminal charge as well as civil lawsuits in which […]
The Australian owner of Chase Tower has put the building up for sale with an asking price of $180 million. The 48-story tower, the city’s tallest, is about 98-percent occupied. The offering also includes the adjacent 12-story Circle Building, for a total of 1.1 million square feet. The building is hitting the market at a […]
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 […]
Even with the cold, there was a full house for Wednesday’s screening of “Defiance”–including many who won tickets here on the blog.
So, attendees, what did you think?
Lake County didn’t want Indianapolis-based Agresti Biofuels LLC, but Vietnam has just issued a warm welcome. Agresti, an ethanol-making venture that includes big Indianapolis engineering firm RW Armstrong, has signed an agreement with Vietnam’s Phuc Yen Co. to build and operate ethanol facilities in Vietnam. Agresti’s venture will produce ethanol from landfill waste in Vietnam […]
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 […]
The Digital Policy Institute at Ball State University has drawn up a blueprint to create as many as 200,000 jobs nationwide by March. How? By spending $28 billion to construct wireless broadband access in rural areas. Ball State calls for distributing the money to small, rural telephone companies as the fastest way to get Americans […]
Max Siegel, former president of global operations for Dale Earnhardt Inc., is coming back to the local law firm where his career began. As reported in the IBJ in November, Siegel began contemplating…
Creditors of defunct ATA Airlines Inc. are expected to receive only a small fraction of what they’re owed under a liquidation plan that could be approved as early as March. U.S. Bankruptcy Court Judge Basil Lorch this week approved ATA’s so-called disclosure statement, the document that creditors will rely on when deciding whether to vote […]
The Historic Landmarks Foundation of Indiana is racing to save the Cotton-Ropkey House at 79th Street and Marsh Road just west of I-465. The owner of the…
The best thing about attending “Happy Days” at Clowes Hall last night was seeing the poster for the upcoming LA Theatre Works tour of “The Great Tennessee Monkey Trial” and finding out that the great John Heard will be…
Evan Bayh is pitching Tony Dungy to Barack Obama as a czar to promote â??responsible fatherhoodâ?? and Obama
likes the idea, Bayh says.
Dungy, who is retiring as head coach of the Indianapolis Colts, has made fatherhood a centerpiece…
IUPUI basketball coach Ron Hunter got a big surprise this morning. While on the Mike & Mike Show on ESPN Radio, a staffer with Crocs told Hunter the footwear company was donating 50,000…
Batesville hospital equipment manufacturer Hill-Rom Holdings Inc. said today it could cut about 300 jobs from its U.S. operations as it realigns the business to cut costs. The company in August announced plans to lay off 160 workers across its global operations, including 50 at its southern Indiana headquarters. In a news release, Hill-Rom said […]
Gov. Mitch Daniels cautioned lawmakers about Indiana’s fiscal challenges during his State of the State speech last night, saying that drafting a new two-year budget this session will be full of hard decisions. But Daniels, sworn in to a second term on Monday, said spending restraints and other actions taken during his first term have […]
