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Subaru of America Inc. has opted for the remainder of a Boone County warehouse it began leasing in January, the developers said yesterday. The Japanese automaker has taken 281,880 additional square feet to bring its total occupancy to 501,120 square feet, according to Indianapolis-based Browning Investments and ProLogis, a Denver-based logistics company. The warehouse is the […]
Carmel-based eGix Inc. has agreed to be acquired by Cincinnati Bell Inc. in a deal valued at $18 million, Cincinnati Bell announced today. eGix provides single-source voice and data services, plus high-speed Internet access and messaging products to about 17,000 customers, mainly in Indiana and Illinois, plus another 20 states. It has 57 employees and […]
Indiana is racking up auto assembly jobs at a time the nation as a whole is losing them, an Indiana Department of Workforce Development study shows. Employment in the industry shot up 53.1 percent, to 12,400, from 1997 to 2006, the study found. The jump doesn’t include continued gains this year or the 2,000 workers […]
Eli Lilly and Co. CEO Sidney Taurel says the company will continue reducing its work force – even through some job cuts – as the entire pharmaceutical industry tries to retool for a future without the kinds of mega-blockbusters that sustained it for decades. “We’re going to continue, year after year, with great intensity, to […]
The venerable Mini Marathon has a challenger.
As IBJ reporter Anthony Schoettle reports today, two sponsors have signed on to a half-marathon scheduled
just two weeks after the Mini, which is sold out.Race…
Community Health Network and Comcast Cable have signed on to sponsor a half-marathon scheduled for May and marketed as an alternative to those shut out of the popular Indianapolis 500 Festival Mini Marathon. The Mini, which is held May 3, is sold out with 35,000 entrants. Event organizers also are challenging those registered for the […]
Indianapolis-based YourEncore has launched new services designed to help life sciences companies plan for and obtain regulatory approval for new products. To run its regulatory services, YourEncore hired Carol Crowley, a 25-year veteran of the drug and device industry. Prior to joining YourEncore, Crowley was vice president of global regulatory operations for France-based Aventis SA, […]
Midland Arts & Antiques Market plans to open a 12,000-square-foot location in Carmel off of 126th Street between Meridian Street and Keystone Avenue. Midland’s flagship store occupies an historic former door factory and…
Autoline Industries Inc., an Indian parts supplier to car, recreational vehicle and tractor manufacturers, has acquired the North American jack and tool-kit business of Dura Automotive Systems Inc. of Rochester Hills, Mich. The sole location where the Dura unit makes the jacks and tools is in the northeastern Indiana town of Butler. The 140 employees […]
The president of Elanco Animal Health, a subsidiary of Eli Lilly and Co., will leave to become a special adviser on corporate development to the Indiana State Department of Agriculture, Lilly announced today. Pat James had led Lilly’s animal health division since 2001 and worked at Lilly since 1978. He will be replaced Jan. 1 […]
A study put out yesterday by the Center on Philanthropy at Indiana University says that about two in three
American households made donations in each of the three years it followed.
The center also found that slightly more than half of…
White River State Park has selected Indianapolis-based Borshoff Inc. to handle its public relations and marketing for the next two years. The contract is for a minimum of $382,000, including a $312,000 advertising budget from the Imax Theater and $70,000 in dollars pooled from all the park’s venues. The co-op pool may increase its funding […]
Indiana will experience rising wages along with low inflation and unemployment in 2008 as the economy improves from a sluggish 2007, two Ball State University economists predicted yesterday in the university’s annual forecast. Michael Hicks, whose column about the economy appears in IBJ, and Gary Santoni said high oil prices and worries concerning the subprime […]
Chicago-based Union Tank Car is laying off 100 of its 472 production workers, according to the Post-Tribune of Merrillville. The layoffs will be split between its plants in East Chicago and Sheldon, Texas. The manufacturer said the market weakened after the ethanol boom prompted a surge in production of cars to carry the fuel. As […]
A study put out yesterday by the Center on Philanthropy at Indiana University says that about two in three
American households made donations in each of the three years it followed.
The center also found that slightly more than half of…
Kansas-based restaurant chain Houlihan’s has inked deals for new diners at Castleton Square Mall and Hamilton Town Center and hopes to open two other restaurants in Plainfield and Greenwood. The chain also has…
Star money manager David Knall has agreed to a one-year suspension to settle Securities and Exchange Commission charges that he committed insider trading in Galyan’s Trading Co. stock three years ago. Under the settlement, which the SEC announced today, Knall, 63, did not admit or deny wrongdoing. The deal also calls for him to make […]
Locally based Mansur Real Estate Services Inc. has been picked by the Speedway Redevelopment Commission to be master developer for the $500 million “Speed Zone” redevelopment project. Mansur President Charles R. Cagann said in a statement that the project would be “…one of the most ambitious, exciting and challenging we will ever have the privilege […]
Health Systems International LLC has received an equity investment from Great Point Partners LLC, a private investment firm headquartered in Greenwich, Conn., that focuses on health care. The amount was not disclosed, but Great Point said today that the funding will help the Indianapolis company bankroll acquisitions. Great Point Managing Directors Christopher M. Laitala and […]
Indiana relies heavily on gambling to fund state and local government. Nearly $1 billion is generated for
government by riverboats, the lottery, and taxes on parimutuel wagering and charity gaming.
Just how long the state will be able to keep the…
