Could Manning abandon Colts?
The Brett Favre saga in Green Bay had the guys on ESPN Radio yesterday morning discussing the possibility of the all-pro quarterback playing for another team next season if he comes out of…
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Two more indicted in alleged mortgage fraud
By Norm Heikens A federal grand jury in Indianapolis has charged two more individuals in an alleged mortgage scheme, the U.S. Attorney’s Office for the Southern District of Indiana said yesterday. Timothy Hampton and Mia Weir made down payments on houses on behalf of buyers and assured the buyers that tenants would be found who […]
IRL draws record crowd at The Glen
The Indy Racing League race July 6 at Watkins Glen drew a 1.0 overnight TV rating, meaning 1 million households nationwide tuned in, according to Nielsen Media. That is the same rating as last year. This year’s race aired on…
Wells Fargo buys American Med-Scan
Carmel-based American Med-Scan has been acquired for an undisclosed price by Wells Fargo Insurance Services Inc., Wells Fargo announced today. American Med-Scan’s operations will be merged into the insurance brokerage’s local offices. The deal brings Wells Fargo Insurance operations in the state to 38 banking stores, 10 mortgage stores and 15 consumer finance stores, a regional commercial […]
Conseco unit hit with class-action suit
By Chris O’Malley A resident of Broward County, Fla., has filed a class-action lawsuit against a Conseco Inc. unit that allegedly failed to pay the maximum benefit for home health care insurance. Anna M. Cohen, in the July 2 case in U.S. District Court for the Southern District of Florida, seeks more than $5 million […]
UPDATE: Telamon plans to double local headcount
Carmel-based telecommunications firm Telamon Corp. announced this morning that it plans to add 250 jobs by 2012 and invest $3 million to update its local operations. The expansion would roughly double the 259 employees now at Telamon’s Carmel headquarters. The Indiana Economic Development Corp. offered $1.25 million in performance-based tax credits and up to $230,000 […]
Incentives as a way of life
Competition for jobs and investment has become so fierce that companies with a good growth plan are firmly
in the driverâ??s seat.
A local example is Bowen Engineering Corp., which is asking for $290,000 in incentives from Indianapolis to
move its…
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,…
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 […]