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Bristol-Myers Squibb Co. said today it is planning an initial public offering for its Evansville-based baby formula division, Mead Johnson Nutritionals. The New York pharmaceutical giant would sell no more than 20 percent of Mead Johnson, however, retaining an equity interest of at least 80 percent. A registration statement is to be filed by the […]
After negotiating a $19 million settlement with Illinois-based Southfield Corp., class-action attorneys are pressing ahead with claims against three other concrete companies accused of price fixing that so far have not agreed to a deal. The civil case is an outgrowth of a U.S. Department of Justice investigation several years ago that found local concrete […]
The Gary/Chicago International Airport Authority Board has approved temporarily leasing 50 acres of the airport’s designated foreign trade zone to Gary’s Chase Street Industrial Center, according to The Times of Munster. The Center has applied for a foreign trade zone designation from the federal government on behalf of a tenant. The process can take two […]
Indianapolis-based Duke Realty Corp. reported it spent $89.5 million on development and $28 million on acquisitions in the first quarter, down from a total of $137.1 million in the same period last year. About $43 million of the newly developed property will be added to the company’s rental inventory. The rest will be sold. The […]
Scott Skiles is apparently a big fan of Indiana University’s former basketball coach Kelvin Sampson.
Sources close to both said Skiles, who has a house in Bloomington where Sampson used to work, is urging the…
In June, the Indianapolis Museum of Art will be showcasing the 120-foot-long scroll on which Jack Kerouac wrote his landmark work “On the Road.” My question: Is the scroll itself art or artifact?
The scroll
Indianapolis Star sports reporter Mark Montieth has covered his last Indiana Pacers game for the paper he dreamed about working for since he was a young child.
Effective at the end of today, Montieth,…
Citation Corp. said today it will close its aluminum molding foundry in the northeast Indiana town of Butler, costing 138 workers their jobs. The Novi, Mich., company said the closing, which begins in May, will allow it to focus on its ductile iron and die casting businesses. It also operates in Alabama, North Carolina and […]
Premier Properties USA Inc. filed for bankruptcy protection yesterday, narrowly avoiding the appointment of a receiver to
take control of the troubled Indianapolis company.
Boxer Floyd Mayweather Jr., the WBC welterweight world champion, will drop the green flag on this year’s Indianapolis 500.
Mayweather competed on ABC’s hit “Dancing with the Stars” last fall along with two-time Indianapolis…
A new current is blowing through Indiana today when it comes to wind energy. Indianapolis Power & Light said it has partnered with a French energy company to build a 100 megawatt wind farm near Fowler. The Benton County town is near Lafayette. Meanwhile, workers are erecting a 150-foot-tall wind turbine in Marion County to […]
Southwest Airlines will launch non-stop service to Denver, apparently smelling blood from bankrupt Frontier Airlines, which has flown the route from Indianapolis since 2005. Dallas-based Southwest will begin nonstop daily service to Denver on June 4. The carrier is the fourth-busiest at Indianapolis International, with 12.1 percent of traffic in 2007. Currently it offers 17 […]
The Indianapolis Colts are fine tuning their strategy for this year’s National Football League draft, which is held in New York April 26 and 27.
While there is much speculation about which players the…
The Indianapolis International Film Festival opened last night with a screening of the Sundance Film Festival hit “Son of Rambow.” I’d tell you more about this charmer, but since that was the only festival screening for the film, I’ll…
Wall Street Journal technology columnist Walter Mossberg writes in a column today that the ChaCha Web browser is “a fun and useful service.” Answers supplied by ChaCha, the Carmel startup founded by tech entrepreneur Scott Jones, generally were fast, accurate and useful, the influential columnist said. By calling 800-2chacha, Mossberg was able to find local […]
BP Alternative Energy plans to buy NiSource Inc.’s Clean Energy plant in Whiting for $210 million. The Whiting facility uses heat generated by its power station to make electricity sold on the open market. Steam generated by the station is sold to a BP refinery, also in Whiting. No job cuts will result from the […]
A development company is buying 185 acres on the east side of Shelbyville with plans to turn it into retail space. Shelbyville Development Group LLC is owned by Wyoming retail developer Tom Kremer along with Robert Rynard Jr. of Greensburg and Chad Middendorf of Louisville. Kremer told The Shelbyville News that it’s too early to […]
Indianapolis-based Republic Airways Holdings Inc. generated $20.2 million in profit in the first quarter, a slight increase from the $19.3 million from a year earlier. Excluding a loss on an interest rate transaction and a reserve on accounts receivables from Frontier Airlines, which filed for Chapter 11 bankruptcy protection April 10, Republic profit came to […]
Profit at Celadon Group Inc. plunged to $1.1 million in its third fiscal quarter, from $6.6 million a year earlier, the Indianapolis trucking firm announced yesterday. The penny of profit per share in the quarter ended March 31 was well under the 6 cents anticipated by analysts surveyed by Thomson Financial. Skyrocketing diesel fuel prices […]
Conseco has dropped off the Fortune 500, leaving WellPoint, Lilly, Cummins and NiSource as the only Indiana companies remaining. Several Indiana firms are closing in on the elite list, though. One is Steel Dynamics, the Fort Wayne company that recycles scrap metal….
