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HemaQuest Pharmaceuticals, a startup in Newton, Mass., said today it has received $20 million in funding from Lilly Ventures, De Novo Ventures of Palo Alto, Calif.; and Forward Ventures of San Diego. The amount of the investment by Lilly Ventures, the venture capital arm of Indianapolis-based Eli Lilly and Co., wasn’t specified. HemaQuest is developing […]

Vectren Corp. reported profit of $17.1 million in its third quarter, a 42-percent increase over the year-ago period. Revenue rose 12 percent, to $381.4 million. The Evansville-based energy company attributed the increases to more air-conditioner use and its first electric base rate increase in 12 years. Vectren provides utility service to most of the Indianapolis […]

David Long, the Indiana Senate’s President Pro Tempore, has hired Barnes & Thornburg associate attorney Jeffrey L. Papa as his first chief of staff. Papa also will be the Fort Wayne Republican’s chief legal counsel. Papa has held several positions with the Senate Republicans. A economics major at Rose-Hulman Institute of Technology, the Zionsville resident […]

Indianapolis-based Goelzer Investment Management has sold its business valuation and corporate financial advisory service unit, Goelzer Investment Banking, for an undisclosed price. The buyer, GBQ Partners LLC of Columbus, Ohio, is the largest such accounting and consulting firm in the state. It is led by former Goelzer professional Robert Stutz. “Goelzer has been and always […]

Connextions Inc. of Orlando, Fla., will locate a secure customer support center in Jeffersonville, creating 750 jobs, the Indiana Economic Development Corp. announced this afternoon. The $6 million project in the southern Indiana city will be similar to locations the company operates in Orlando and Concord, N.C. Connextions employs a total of 2,000. The company […]

A 2,000-home housing development planned for near Bargersville south of Indianapolis has been delayed until next year, according to the Daily Journal of Franklin. Developer Mike Duke said five other projects he is working on must be finished before starting the Abbey, which is to have single-family houses, townhouses, condominiums and a golf course. If […]

Wabash National Corp. reported third-quarter profit of $3.8 million, down 24 percent from the year-ago period. Sales in the period ended Sept. 30 were $291 million, nearly 20 percent lower than last year. The Lafayette-based maker of semi-truck trailers echoed sentiment expressed last week by Indianapolis trucking firm Celadon Group Inc., which said a soft […]

Duke Realty Corp. reported late yesterday that funds from operations in the third quarter increased 4.6 percent, to $93.7 million. The 68 cents per share exceeded the 67-cent average anticipated by analysts surveyed by Thomson Financial. Late last month, Indianapolis-based Duke, one of the nation’s largest industrial real estate investment trusts, said its leases hit […]

Veriana Networks Inc., a startup specializing in technology, media and risk management for the entertainment industry, plans to announce this afternoon that it will create 280 jobs by 2012 in its headquarters city of Marion. Veriana will locate in a 252-acre lifestyle project also to be announced at a news conference in the city north […]

Quest for the Ring has suddenly taken on new meaning for Indianapolis Colts fans. The phrase now has as much to do with a raffle, treasure hunt and half-time reality show as it does with the team’s pursuit of a repeat Super Bowl championship. At noon today, Colts owner Jim Irsay announced the team will […]