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Martin University has named Algeania Freeman to replace its founding president, Boniface Hardin, who is retiring. The school, the state’s only predominately African-American institution, made the announcement this morning. Freeman, 58, founded The Freeman Group Inc., a contractual consulting company. She also served as president of Livingstone College in Salisbury, N.C., from 2001 to 2004. […]

WellPoint Inc. will appoint John Langenus as senior vice president and president and CEO of its Anthem National Accounts division on Feb. 25, the company announced today. The division serves nearly 11 million customers. Langenus comes to WellPoint from Bethesda, Md.-based Coventry Healthcare, where he served as president of group health care for more than […]

The novel Arts Industry Business Incubator opened Dec. 12 in the Brown County seat of Nashville after years of discussion. The incubator, which is intended to help launch and grow arts-oriented businesses, can share space, clerical support and other needs of small businesses, according to the Brown County Democrat. It is supported by the Brown […]

Intelliplex, the state-certified technology park in Shelbyville that has drawn fire locally and caution from the state, has received a commitment from Shelby County commissioners for $125,000 in funding per year for 25 years. The action was taken Monday night as part of a series of decisions on how to spend economic development income taxes, […]

Medco Health Solutions Inc. said this morning that it will build its $140-million pharmacy distribution center at AllPoints at Anson in Boone County. The Franklin Lakes, N.J.-based company announced Nov. 12 that it would locate the center in the Indianapolis area, but that it still hadn’t chosen among Boone, Johnson or Hendricks counties. AllPoints at […]

State Sen. Luke Kenley, the Noblesville Republican who this summer chaired a legislative committee to study the property tax issue, wants tighter controls on tax increment financing districts and property tax abatements, reports The Times in Munster. For years, the incentives have been offered to entice businesses to relocate to or expand in Indiana. Critics […]

Sidney Taurel, Eli Lilly and Co.’s retiring CEO, oversaw the company during a challenging stretch when it lost patent protection for Prozac and faced intense litigation against its blockbuster Zyprexa. Since Taurel became CEO in July 1998, Lilly’s stock price has fallen 17 percent. By comparison, the overall market, as measured by the S&P 500, […]

Sidney Taurel will retire as CEO of Eli Lilly and Co. at the end of March, the company said this morning. He will remain chairman of the Indianapolis-based drug maker’s board until December 2008. John Lechleiter, 54, Lilly’s president and chief operating officer since October 2005, will take over as CEO April 1. Taurel, 58, […]

The owner of two riverboat casinos in Gary is talking with a state legislator about moving one of his two state gaming licenses to Steuben County in northeastern Indiana, according to The Times of Munster. Majestic Star owner Don Barden said the area near Michigan and Ohio is “underserved” for gamblers. The mayor of Gary, […]

Indianapolis-based Emmis Communications Corp. today announced it has acquired Inforadio, a national radio chain broadcasting in 13 Bulgarian cities.Balkan Broadcasting EAD, an Emmis subsidiary, purchased 100 percent of the stations’ parent company, Infopress & Company OOD, a Bulgarian limited liability company. The transaction is complete, and regulatory approval has been granted. Financial terms of the […]

The private-equity firm that bought Indianapolis-based Reilly Industries and re-made it last year into Vertellus Specialties has sold Vertellus to another equity firm, Wind Point Partners. New York private-equity firm Arsenal Capital Partners did not disclose terms of the deal. Indianapolis-based Vertellus, with 750 employees and annual sales of more than $450 million, was formed […]