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Bloomington-based ProCure Treatment Centers Inc. said today that it has received another infusion of $35 million in venture capital. Oklahoma City-based McClendon Venture Company LLC made the investment to help ProCure develop a network of cancer treatment centers across the country. McClendon also gave $35 million to ProCure in December 2006. “I have every reason […]
Eli Lilly and Co. has been essentially treading water now for nearly 11 years. The company’s stock closed yesterday at a low the company hasn’t seen since June 5, 1997. Lilly shares dropped 74 cents apiece to close at $47.55. The last time Lilly shares closed lower, it still had patent protection on its antidepressant […]
The Hoosier Environmental Council, through its affiliated foundation, said today that it had received the largest grant in its 25-year history. The McKinney Family Foundation donated $200,000 to support renewable energy, sustainable agriculture and transportation alternatives at the state and local level. The foundation, chaired by former First Indiana Bank CEO Bob McKinney, also said […]
Indianapolis-area home sales slipped in April, and the average price continued falling. But the inventory of houses on the market shrank, offering hope that the downturn might be slowing. Pending sales of houses in the nine-county Indianapolis area fell 14.1 percent, to 2,520 units, from a year earlier, according to the Indianapolis brokerage F.C. Tucker […]
Should a city give incentives to companies that want to leave the city and expand in another town?
That question is dogging Muncie officials after they offered a $600,000 loan to a Spanish company that plans
to move an auto-parts plant…
Gas is over $4 in northwest Indiana, according to http://www.indianagasprices.com/.
In some places, itâ??s up to $4.09.
How long until it hits $4 in the Indianapolis area, and how high will it go?
Few artists in history have changed the rules the way Robert Rauschenberg, who died Monday at age 82, did.
By incorporating found objects (a pillow, a stuffed goat…) into his paintings, Rauschenberg challenged contemporary art and artists to connect their work…
The Naptown Roller Girls expect their fourth straight sell-out May 17 in the 4,000-seat Toyota Blue Ribbon Pavilion at the Indiana State Fairground. That will make four for four in sell-outs this year,…
United Way of the Wabash Valley will lose its largest contributor when Pfizer Inc. shuts down its Terre Haute operation next year, reports The Tribune-Star. When that happens, the remaining 140 workers will be out of a job. Pfizer gave $360,000 to the United Way fund in last year’s drive, nearly 20 percent of its […]
The Shelbyville Redevelopment Commission has approved creating a tax increment financing district near the Indiana Downs racino, according to The Shelbyville News. About 80 residents showed up at a Monday night vote to voice opposition to the district, which would use taxes collected in the area to fund infrastructure improvements rather than going toward schools, […]
Noble Roman’s Inc. reported $321,431 in net profit in the first quarter, less than half the $703,003 it earned a year earlier. The Indianapolis restaurant chain said the decline was caused by slowing growth in co-brand franchises. Under an initiative announced in November, Noble Roman’s is screening potential franchisees more carefully, training new franchisees longer, […]
Just Marketing International plans to spend more than $3 million to expand its Zionsville headquarters. The motorsports marketing company said the expansion will create 47 jobs that pay up to $28 an hour. Just Marketing employs 90. The company will receive up to $350,000 in tax credits and training grants, as well as a possible […]
Larry Bird is suing a French Lick couple in federal court over the use of his name on a bed and breakfast they are operating in the Hoosier icon’s boyhood home. The lawsuit, filed May 12 in the New Albany division of the U.S. District Court, Southern District of Indiana, demands that the Legend of […]
The Indianapolis Convention & Visitors Association and the Indianapolis Cultural Development Commission have launched an in-state ad campaign promoting local tourism. The campaign, which will also run in Chicago, Cincinnati and St. Louis, uses high gas prices to entice residents to be a tourist close to home. The 2008 campaign spots will be shown 10,000 […]
The Speedway Town Council has named Barbara Lawrence the new town manager for Speedway. Most recently, Lawrence served as executive director of the Indianapolis Bond Bank. In her 25 years of public service she has held financial and management positions with the State of Indiana, was director of the Indianapolis Department of Public Works and […]
While ResQ Pure Power Energy Drink is out as Sarah Fisher’s primary sponsor, there is no shortage of white knights coming to this damsel’s rescue.
Yesterday, Bingham Entertainment & Sports Talent, was the first…
Readers of the New York Times received their “Summer Stages” preview in Sunday’s Arts & Leisure section.
The annual piece offers a rundown of what’s happening around the country in Dance, Theater, Pop/Jazz and Classical Music. And while the Cleveland and…
Just Marketing International, a Zionsville-based motorsports marketing firm, today revealed plans to double the physical footprint of its existing headquarters to more than 31,000 square feet.
A ground breaking ceremony tomorrow at 10 a.m. will be attended by Lt. Gov. Becky…
The U.S. Trustee’s office plans to file a motion to intervene in a Chapter 11
bankruptcy case brought by Premier Properties USA Inc. because the development firm is insolvent.
Emmis Communications Corp. Chairman Jeff Smulyan was as upbeat as ever about the company’s earnings report today, but this time there might be greater reason for his optimism. Revenue at the Indianapolis-based media company rose 9 percent, to $85.8 million, in the fiscal fourth quarter despite having posted a $13 million loss. Much of the […]
