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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 […]
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. […]
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…
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 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…
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 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 […]
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 […]
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 […]
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 […]
ATA Airlines Inc. says in a lawsuit filed yesterday that FedEx Corp. knew that its decision to drop ATA from its military-charter team would destroy the airline. “ATA representatives … warned FedEx that its decision, if not reversed, would be the ruination of ATA,” according to the suit filed in U.S. District Court in Indianapolis. […]
The Tony Awards , the annual celebration of the Broadway season, are being handed out this Sunday night.
Did I hear a yawn? You aren’t alone.
A notorious ratings loser, the show each year seems to squander the opportunity to excite….
After a damp, chilly spring, grain farmer Norman Voyles Jr. still had 300 acres of soybeans yet to plant when a monsoon-like storm dumped 10 inches of rain on his central Indiana farm last weekend. The resulting deluge flooded a quarter of Voyles’ 1,800 acres of corn and soybeans – one in a parade of […]
ATA Airlines Inc. on Wednesday sued FedEx Corp., charging it wrongfully canceled a military-charter contract that generated hundreds of millions of dollars in revenue for ATA. The suit charges that FedEx had been legally obligated to keep ATA on its military-charter team at least until September 2009. Even so, FedEx in January notified ATA that […]
Indianapolis-Marion County Public Library officials yesterday said they need more time to make a recommendation on who should redevelop two library-owned properties adjacent to its flagship downtown branch. Library officials have been reviewing three proposals for both the Ambassador apartment building and property the library owns at 815 and 817 N. Pennsylvania St., now home […]
A bankruptcy trustee is planning an auction of Premier Properties USA Inc.’s
remaining office furniture while struggling to get a handle on what other assets remain for the defunct developer.
Two Indiana railway companies have been forced to either suspend or cut back service as they deal with floodwaters that washed out gravel under tracks through Johnson County, reports the Daily Journal. Indianapolis-based The Indiana Rail Road Co. cut back service so workers could stabilize tracks with crushed rock between Bloomington and Indianapolis. It was […]
Ivy Tech Community College will receive the first of three $2 million signing bonus checks from Follett Higher Education Group today. In March, Ivy Tech announced an eight-year agreement with Illinois-based Follett for the management of Ivy Tech’s 27 bookstores across the state. The agreement included a $6 million signing bonus for the college, which […]
The pride of Portland, Indiana, choreographer Twyla Tharp premiered a new work, “Rabbit and Rogue” with the American Ballet Theatre last week, earning a range of reviews from enthusiasm to dismissal .
In reading them, I was taken back…
Indy Racing League officials were in Mexico City early this week to look at a possible location for a race there, which could be held as early as 2009. It may have to be pushed to 2010, depending on scheduling…
