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Guidant Corp. investors have lost a class-action lawsuit that claimed Guidant executives hid knowledge of defects in the corporation’s heart defibrillators and pacemakers so the value of the company wouldn’t slump at a time it was about to be acquired. Judge Sarah Evans Barker dismissed the case late last month, saying the investors didn’t produce […]
Indianapolis startup Marcadia Biotech Inc. today announced it has signed an agreement with drug giant Merck & Co. Inc. to help bring Marcadia’s promising diabetes therapies to market. Financial terms were not disclosed. However, Merck, headquartered in Whitehouse Station, N.J., will pay Marcadia an upfront fee as well as payments for exclusivity and ongoing collaborative […]
So Blu-ray won the high-definition format battle, effectively turning HD DVD into this generation’s Betamax.
Personally, this didn’t affect me at all. I managed to stay out of this turf war largely because a clearer picture and movie theater-quality sound are…
ATA Airlines said today it would close its Chicago Midway hub and cease all scheduled service there, starting with domestic flights on April 14 and international flights as of June 7. The announcement comes after ATA parent Global Aero Logistics said in a January regulatory filing that it was considering selling all or part of […]
Negotiations are heating up between Formula One and Indianapolis Motor Speedway officials that could bring F1 racing back to Indianapolis in 2009. Speedway boss Tony George told an audience at yesterday’s IU Business…
Earlier this week, Jill Long Thompson, who is running for the Democratic nomination for governor, said Gov.
Mitch Danielsâ?? approach to economic development has focused on individual companies to the detriment of big-picture
policy changes that could improve the…
Athletic-footwear retailer Finish Line Inc. said today its fourth-quarter same-store sales fell 6 percent, versus a 5.4-percent decline in the year-ago period. Stock in the Indianapolis company fell 3.4 percent, to $3.99, following the news. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it […]
A 750,000-square-foot warehouse in Seymour will become vacant this summer after the latest in a string of third-party logistics providers moves out. Germany-based Schenker Logistics has announced it will leave the facility, which distributes computer printers for Lexmark International Inc., an IBM spinoff headquartered in Lexington, Ky. About 80 full-time and 40 temporary workers will […]
Hoosier Outdoor Advertising Corp., a Bloomington-based billboard company operating primarily in southern Indiana, has been acquired by Lamar Outdoor Advertising, a unit of Lamar Advertising Co. of Baton Rouge, La. Some Hoosier Outdoor workers no longer are with the company following the Feb. 21 deal, according to The Herald-Times of Bloomington. The company would not […]
A couple of topics to discuss:
More praise for Trail
In its March newsletter, New York-based Project for Public Spaces named Indianapolis one of five “Great Cities” thanks to the…
Growth in the Midwest manufacturing sector was stable in January and February, the Federal Reserve Bank of Chicago reported today in its Beige Book report. Manufacturers tied to aircraft, cranes, energy extraction and mining flourished, the Fed said. Steelmaking, aided by the low price of the dollar, was close to full production. However, makers of […]
Blame it on the weather. Blame it on the familiarity of the material. Blame it on the lack of a name star.
But there were empty seats at last night’s opening of “My Fair Lady.”
It’s a shame, because unlike many other…
Brownsburg-based Roark Custom Titanium Bicycles got a big marketing boost from a man from outer space–figuratively and literally. In its annual buyer’s guide published last month, VeloNews, one of the nation’s largest cycling…
You probably arenâ??t begrudging farmers and others for the record farmland prices theyâ??re enjoying.
But those prices wouldnâ??t be so high if the ethanol plants popping up across Indiana and elsewhere in the
Midwest werenâ??t using so much corn.
Now weâ??re…
Indiana farmland values skyrocketed to record levels last year, according to the most recent survey of agricultural lenders by the Federal Reserve Bank of Chicago. Prices in the northern two-thirds of the state shot up 6 percent in the fourth quarter and 16 percent in 2007. Southern Indiana was not included in the survey because […]
A new report by a Washington, D.C., think tank shows 25 states expect budget shortfalls in their 2009 fiscal
years. Illinois and Kentucky are on the list issued by the Center on Budget and Policy Priorities, but Indiana
isnâ??tâ??at least…
The Los Angeles Times has decided it doesn’t need a full-time dance critic and so Lewis Segal is now out of a job.
What does that matter to you?
Well, it’s no secret that daily newspapers are placing less emphasis on arts…
Recently released data shows NASCAR’s Daytona 500 is still miles ahead of the Indianapolis 500 in terms of value the race delivers to sponsors. But, with the unification of the Indy Racing League…
Herff Jones Inc., the Indianapolis company that makes high school rings, yearbooks and other educational products, has acquired a St. Petersburg, Fla., maker of religious, academic and judicial robes. Terms of the deal were not disclosed. Murphy Cap & Gown Co., the nation’s leading religious robe company, will be added to Herff Jones’ cap and […]
The owners of Delaware News Co., one of the city’s last remaining old-school newsstands, are getting out of the business after more than a dozen years. Phil…
