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ECONOMIC ANALYSIS: Why it’s tough to get our arms around global warming

Congress is set to begin a debate on regulation designed to halt global warming. The question is whether and how we might limit greenhouse gases. Costs and benefits will be the central issue. So, despite what many would wish, this is primarily an economic debate. Below are the issues in a nutshell. There is strong scientific evidence that the Earth’s temperature is warming. Even so, there are a significant number of serious climate scientists who doubt this. And there is…

Allegiant finding treasure in clients’ trash: Local firm helps manufacturers set up cost-saving recycling plans

In 2000, gasoline cost 99 cents a gallon, you could barely give recyclable plastic away and the idea of manufacturers “going green” was a pioneering thought. Allegiant Global started that same year as Heritage Interactive Services, with one client and little market awareness of what industrial recycling and reuse initiatives meant. Heritage Interactive was started by principals of locally based Heritage Environmental Services, which was-and still is-involved in more traditional waste-disposal services. When one of Heritage Environmental’s clients, Michigan-based Lear…

Purdue joins Conexus on manufacturing, logistics effort: University, advocacy group predict evolving industry

An advocacy group formed a year ago to boost the visibility and growth of the state’s advanced manufacturing and logistics industries has received a major lift from Purdue University. Conexus Indiana and Purdue earlier this month announced the formation of a partnership in which the university will lend its academic and research talents to the organization. The key goals include linking manufacturers with new suppliers, exploring emerging markets and supporting startups launched from university or privatesector research. “Conexus is very…

First Dunkin impressions

The downtown Dunkin looks like it’ll be ready before the June 26 target opening date. Workers are installing the signs today, so I thought I’d post this photo by our own Robin Jerstad. Thoughts on the new look?

Preview: Chakaia Booker in Indy

IBJ reporter Jennifer Whitson takes over the blog for a moment with some info on the upcoming Chakaia Booker public art exhibition.

New York-based artist Chakaia Booker’s nine new sculptures will be taking over downtown…

Chakaia Booker

Chakaia Booker: Mass Transit, a public art display of nine original pieces and one existing sculpture, will be set up in downtown Indianapolis on July 14. Here’s where to go to see them:

1. “Gridlock”

2. “Tailgaiting”

3. “Plus or Minus?”…

MacAllister to expand, hire 65

MacAllister Machinery Co. plans to spend $17 million to expand operations at its headquarters on East 30th Street in Indianapolis, the Indiana Economic Development Corp. announced today. The expansion is expected to create 65 jobs. MacAllister, a heavy equipment supplier, employs 700 in Indiana and 250 in Marion County. It plans to begin hiring diesel […]

Roche, Marsh call off sublease deal

Roche Diagnostics has canceled a deal with Marsh Supermarkets to sublease the grocer’s corporate headquarters in Fishers. The Swiss-based manufacturer of pharmaceuticals and medical diagnostic equipment said in March it planned to move 340 employees into the 148,000-square-foot building that has served as the headquarters of Marsh since 1991. But Roche terminated the deal late […]

Pacers launch TV ad campaign

If you’ve been watching the National Basketball Association finals this week between the Boston Celtics and Los Angeles Lakers, you’ve noticed the latest television ad campaign by the Indiana Pacers airing on ABC.

The eye-catching spots created by the team’s ad…

Chrysler, Canadian firm make unusual deal

Chrysler LLC may lease part of a Kokomo transmission plant and some of its employees to Canada-based Linamar Corp., reports The Wall Street Journal. The unusual deal could save the Michigan-based automaker $60 million; Chrysler and other U.S. automakers are struggling to adjust to a consumer shift to cars from trucks and underused plants. The […]

Clinical trial results encouraging for Lilly drug

Eli Lilly and Co. keeps looking for new ways its rising star, Cymbalta, could help patients with pain and depression. And it got a boost today from clinical trial data presented in France. A study of patients with osteoarthritis found that Cymbalta significantly reduced pain in their knees, compared with patients who took a placebo. […]

A&E reviews, contests…and TV

Welcome to Friday.

I just wanted to alert you to a couple of things.

First, we’ve added a new portal page to make it easy for you to find not just this blog, but also the A&E reviews from my column in the print…

Cummins stock leaps after rival exits segment

Shares of engine parts maker Cummins Inc., soared yesterday after Caterpillar Inc. announced a business deal with truck maker Navistar International Corp. – a move an analyst said will boost business for Cummins. Shares rose $6.25, or 9.9 percent, to $69.38. Earlier Thursday, Caterpillar, one of the world’s largest makers of heavy machinery, announced a […]

Rink-Savoy, Fresh Market & more

Rink-Savoy honored
A $7.4-million renovation of the Rink-Savoy apartment building downtown (shown here) has won first place in a competition that honors the best in developments that utilize low income housing tax…

Ambassador Steel to be acquired

Auburn-based Ambassador Steel Corp. has agreed to be bought by Harris Steel Inc., a unit of Charlotte, N.C.-based Nucor Corp., for $185 million. Nucor announced the deal today. Ambassador makes and distributes concrete-reinforcing steel and related products. The deal, pending regulatory approval, is expected to close by September. No details were provided about the impact […]

Conseco hires, promotes execs

Conseco Inc. hired one upper-level executive and promoted another one this week. The Carmel-based insurer hired Michael Farley as senior vice president and annuity and life actuary. Farley, 45, joins Conseco from ING Re, where he served from 2001 to 2007 as chief financial officer and chief insurance risk officer. Conseco also made its interim […]

Disc plant in Terre Haute to expand

Sony Corp. plans to spend $113 million to expand its Blu-ray Disc manufacturing operations in Terre Haute, creating up to 85 jobs. Sony DADC employs about 1,180 at the plant, which makes 425,000 Blu-ray discs daily, plus compact discs and DVDs. Sony will receive $975,000 from the Indiana Economic Development Corp. in tax credits and […]

Report: Lebanon Business Park good for area

Assessed property value in Lebanon topped the $1 billion mark in 2006, thanks in part to the Lebanon Business Park, which opened in 1994, according to a report prepared for the Boone County Economic Corp. by accounting firm Katz, Sapper & Miller. The 60-page report outlines how the 1,000-acre park has created jobs and helped boost […]

Lilly buys rights to drug delivered through skin

Eli Lilly and Co. will pay $35 million for rights to an osteoporosis medicine delivered through the skin, the Indianapolis drugmaker announced today. Lilly has signed a licensing and development agreement with Israel-based TransPharma Medical Ltd. for exclusive rights to its ViaDerm-hPTH product and non-exclusive rights to its drug-delivery system, which delivers medicine through a […]