IRL’s Detroit race shows growth
While the jury is still out on the success of the first unified open-wheel racing season, the organizers of the Detroit Belle Isle Grand Prix last weekend are calling their event a resounding…
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Lugar nephew to lead Fundex Games
Todd Lugar, a nephew of U.S. Sen. Richard Lugar, has been named president of Fundex Games Ltd., a Plainfield company that produces toys and games. Lugar, 47, most recently was a director at Indianapolis investment bank Periculum Capital Co. LLC. Prior to the Periculum post, Lugar operated the Lugar family business, Thomas L. Green & […]
Zyprexa class action given green light
Enough evidence of fraud by Eli Lilly and Co. in its marketing of Zyprexa exists to go ahead with a jury trial, a judge in New York has ruled. Plaintiffs in the case claim Lilly urged physicians to prescribe the schizophrenia and bipolar disorder drug for uses not approved by the federal government. Insurance companies, […]
Ball State launches $200M fund-raising campaign
Ball State University is embarking on its largest capital campaign in the Muncie school’s history, seeking to raise $200 million. Officials announced the goal this morning and hope to raise the money by 2011. Roughly $122 million already has been raised. Much of the money will be used to fund 200 new scholarships and more […]
Panic-bar maker plans 40-person expansion
Locally based Ingersoll Rand Security Technologies plans to expand its east side manufacturing operations, creating 40 jobs, the Indiana Economic Development Corp. announced this morning. The 100-year-old company makes panic release bars and electronic security products for exits. It will invest $6.1 million to upgrade equipment at its Tobey Drive plant, which already employs 530. […]
Colts sales staff feels the heat
Pressure is mounting on the Indianapolis Colts as this Sunday’s season opener against the Chicago Bears looms. Yes, there’s pressure to win on the field. But there’s even more pressure to make the…
What ails Jill?
If any governor were vulnerable to a strong challenge in a re-election campaign, it should have been Mitch
Daniels, who has made a lot of Hoosiers mad by pushing daylight saving time, leasing the Indiana Toll Road
and in general…
Beta Steel to be acquired by Russian steel giant
Novolipetsk Steel, one of Russia’s largest steel companies, said yesterday that it has signed a definitive agreement to buy Beta Steel Corp., a Portage-based minimill producer of hot rolled coil, for $400 million. Novolipetsk said it would pair Beta with its August acquisition of John Maneely Co., a Collingswood, N.J., pipe maker that operates a […]
IBJ Movie Night: ‘Lakeview Terrace’
Note: All passes are gone. If I get more, I will repost. I’ll contact winners early this week. Look for news of another IBJ Night at the Movies soon. –LH
On Sept. 16th, I’ll be hosting…
Medical cost manager on acquisition binge
An Indianapolis health care management business has acquired its third company since January and plans to grow to become the largest company in its industry. Financed by a Connecticut private equity firm, Health Systems International this week announced it had bought Bridgeway Medical LLC, a Montgomery, Ala., company that reviews and audits medical bills for […]
Mall parking gets pricier
The operators of Circle Centre’s parking garages have raised rates in a move designed to ensure spaces are available for shoppers and to bring in additional revenue. The new…
Fishers company loses Marilyn Monroe suit
CMG Worldwide, an intellectual property licensing firm in Fishers, has lost a federal lawsuit relating to the iconic images of the late actress Marilyn Monroe. On Sept. 2, U.S. District Judge Colleen McMahon for the Southern District of New York in Manhattan ruled that heirs of New York photographer Sam Shaw own rights to the […]
Republic Airways to fly for Milwaukee carrier
Republic Airways Holdings will operate a dozen 76-seat Embraer aircraft for Milwaukee-based Midwest Airlines, Midwest announced yesterday. Indianapolis-based Republic will operate the planes until Midwest can move the fleet under its own Federal Aviation Administration operating certificate. Midwest will have the option of leasing the Embraer 170 aircraft from Republic. Republic also said it is […]
IRL title sponsor “on the doorstep”
Despite switching its telecasts from ESPN to Versus next year, Indy Racing League officials remain confident they will sign an eight-figure, multi-year title sponsorship deal by year’s end.
League officials denied rumors that some…
Sarah Palin’s influence on Indiana
Sarah Palin won rave reviews for her speech last night at the Republican National Convention, as did Barack
Obama when he closed the Democratic convention last week.
This morning, the Associated Press quoted Democratic Party leaders in Indiana as saying Palin…
Delphi plans $160M investment at Kokomo
Delphi Electronics & Safety plans to invest $160 million in its Kokomo operations in the next few years, the city announced today. The investment will be channeled toward machinery and equipment, much of which will focus on hybrid and other next-generation automotive technology, said Kokomo development director Debra Cook. “It looks as if they’re planning […]
Col. Esserman at Start with Art
Today’s Start with Art luncheon at the Convention Center unofficially marks the start of the arts season in Indy.
So were you there? If so, what did you think of Col Dean M. Esserman’s talk?
For those who weren’t, Esserman–Chief of Police…
Steel giant sues coal supplier over shortfalls
ArcelorMittal, the Luxembourg steelmaker that operates a mill on Lake Michigan, has sued a coal supplier, claiming the supplier is delivering less coal than their contract stipulates, the Post-Tribune of Merrillville reported. Not only is West Virginia-based Bluestone Coal Corp. shorting the Burns Harbor mill of coal, the suit alleges, but Bluestone is using ArcelorMittal […]
Welborn Clinic joins Deaconess in Evansville
Deaconess Health System in Evansville has bought most of the assets of Welborn Clinic, also based in the southern Indiana city, to form one of the largest doctor groups in Indiana, according to the Evansville Courier & Press. The merged group will be called Deaconess Clinic, and will have more than 80 doctors, 500 employees […]