Stewart cut teeth on DQ deal
Two-time NASCAR champion Tony Stewart has been granted a release from the final year of his driving contract with Joe Gibbs Racing after 10 seasons with the team. On Thursday at Chicagoland Speedway,…
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Michigan firm hopped to Ohio, now Indiana
By Norm Heikens A company that plans to move its headquarters from Columbus, Ohio, to the northeastern Indiana town of Angola has been based in Ohio only three years. General Products Corp. was headquartered in Jackson, Mich., until 2005, when it accepted economic development incentives to move to Columbus, according to The Columbus Dispatch. The […]
Pretending to like new music
Noted curmudgeon—and very smart and funny writer—Joe Queenan recently threw down the gauntlet at contemporary classical music and those who, in his view, claim to like it.
Some notable quotes from his article “Admit It, You’re as Bored as…
Lilly buying cancer-research firm for $64M
Eli Lilly and Co. has agreed to spend $64 million to acquire SGX Pharmaceuticals Inc., a San Diego-based biotech firm developing cancer drugs. Indianapolis-based Lilly and SGX have been collaborating since 2003 on development of cancer drugs. SGX provided X-ray crystallography technology to determine the structure of cancer targets Lilly was trying to hit with […]
Bristol-Myers to upgrade Indiana facilities
Bristol-Myers Squibb Co. has agreed to upgrade plants it operates in Evansville and nearby Mount Vernon in order to cut output of a refrigerant that depletes ozone, the Justice Department and the U.S. Environmental Protection Agency said today. The Princeton, N.J., company agreed to the improvements after discovering problems with hydrochlorofluorocarbons during an internal audit […]
Lilly slapped for Cialis press release
A code-of-conduct committee in Australia has fined Indianapolis-based Eli Lilly and Co. $60,000 for a press release that the committee said promoted its Cialis erectile-dysfunction drug directly to the public. However, Lilly will not have to follow up with corrective ads, according to The Australian newspaper of Sydney. Lilly told the newspaper it was disappointed […]
Women’s soccer team eyes Bush Stadium
FC Indiana, a United Soccer League W-League women’s team, says it is in early discussions with the city of Indianapolis to help develop a plan to renovate Bush Stadium for use during its home games. The Lafayette-based professional team currently plays at Kuntz Stadium, which is across 16th Street from the old baseball stadium. The […]
Law firm pays $50,000, ending $18M nightmare
An Indianapolis law firm has paid $50,000 to the Indiana Department of Insurance in a deal that extricates it from an $18 million jury verdict stemming from the collapse of a health insurance trust. The department released Fillenwarth Dennerline Groth & Towe from the massive judgment that a Marion County jury handed down against the […]
Navistar to bulk up Fort Wayne engineering site
Navistar Inc. plans to add 200 professional positions by the end of the year at its Truck Engineering Facility in Fort Wayne, the Illinois company said yesterday. The new positions include mechanical, electrical, systems and software engineers. The jobs are a mix of entry-level, management and contract positions. Navistar has 1,100 employees at the site. […]
Smoking ban for ‘Jersey Boys’
Chris Jones at the Chicago Tribune reports that the Chicago production of “Jersey Boys” (an outstanding show, by the way–and that’s me talking, not Jones) has gone smoke free.
He’s not talking about the theater. He’s talking about the…
Brandon Rush wants to mirror Miller
Attention all real estate agents. The city’s soon-to-be newest millionaire is looking for a house.
Brandon Rush said he expects to sign a contract to play for the Indiana Pacers tomorrow and will be…
Match your wits with an Indian child
Bob Compton has taken a few arrows in the back since he began screening the film he funded, â??2 Million
Minutes,â?? last fall.
Compton, who was a venture capitalist at CID Equity Partners before striking out on his own to bankroll…
Nashville tourism site to rebuild after fire
A key hotel in the tourism community of Nashville plans to rebuild after a fire in January 2007 eliminated half its rooms. Andy Rogers, who owns The Seasons Lodge, submitted plans to the town’s Development Review Commission this week. The commission OK’d the plans despite his not securing the certificate of appropriateness necessary to gain […]
Hutcherson visits ‘Journey’ crowd
Last night, the Heartland Film Festival (sorry, I mean Heartland Truly Moving Pictures–I’m still getting used to the new name) added some dessert to a packed advance screening of the new adventure flick “Journey to the Center of…
Most mortgage brokers set to lose licenses
The state is threatening to revoke more than 600 mortgage broker licenses – covering about 70 percent of all existing brokerages – because they haven’t passed a new state-mandated test. Letters are being sent to the brokers warning they’ll be cut off as of Aug. 5 unless they pass the test, Secretary of State Todd […]
Office vacancy rate steady in second quarter
A resilient service economy kept the Indianapolis-area office vacancy rate stable in the second quarter, according to Colliers Turley Martin Tucker. The vacancy rate inched up to 17.2 percent from 17 percent in the first quarter. A year earlier, the rate stood at 16.8 percent. The area absorbed a net 403,000 square feet of office […]
Big Ten, Pac-10 challenge overdue?
The idea of an annual Big Ten vs. Pac-10 college football showdown in a series of games—sources within each conference said—is long overdue.
But until now the idea has never been put on the…
UPDATE: Interactive shares plunge on forecast
Stock in Interactive Intelligence Inc. plummeted 35 percent this morning after the Indianapolis software developer warned second quarter results would be hurt by fewer orders from existing customers. The shares fell $3.66, to $6.80, in early trading. Interactive stock hit a recent peak of $28.52 per share in November, but has trended lower since then. […]
Is Bloomington anti-business?
Bloomington has a reputation as one of the toughest places in the state to do business.
Its regulations are thickets, its bureaucrats nit-pickers, its public officials aloof. At least thatâ??s how
many businesspeople view the city.
The latest controversy pits…
BEHIND THE NEWS: Finish Line’s stock surge salves investors’ wounds
Finish Line Inc. always has been a volatile stock. Jump in at the right time and make a bundle. Pick the wrong time and take a bath. To be sure, investors who had the foresight to invest during Finish Line’s darkest days early this year-when it seemed inevitable that the company would have to close on the $1.5 billion acquisition of Tennessee-based Genesco Inc.-fall in the former category. Since hitting an all-time low of $1.48 a share Jan. 10, the…