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Can multilevel marketing cure high drug costs?: Texas firm passing out free drug discount cards in Indiana

Here’s a new strategy to control spiraling drug prices: multilevel marketing. That’s right. A new company called NuLegacy International LLC is deploying the tactics of Amway Corp. to give Americans-particularly those without health insurance-a break on prescription drug costs. The Texas-based company’s key selling points? Its cards are free. And they’re good for potentially large discounts off the full price of prescription drugs. Drugstores, in theory, get a higher volume of customers because of the discounts. “The timing is now,”…

India deal boosts Bastian

Little more than a decade ago, Bastian Material Handling had annual sales of less than $35 million. Since 2000, its revenue
has doubled, to $80 million, and its business interests don’t just cross the state, they circle the globe.

Dunkin’ Donuts’ expansion plans may create coffee clash: Chain could put damper on Starbucks’ local growth

The return of Dunkin’ Donuts to the metropolitan area last month gave java lovers here their first whiff of a brewing coffee war. The Boston-area-based chain’s Carmel location is one of 80 franchised stores slated to open within the next eight years. Its re-entry into the market is part of a national campaign to more than double the number of its 6,000 locations by reinventing itself to challenge Seattle’s Starbucks. Dunkin’ Donuts is rolling out concept stores with hipper furniture…

Machine shops basking in profits, good times

Machine shops, the places where machines carve chunks of metal into parts used in everything from prosthetics to hydraulic pumps, are enjoying some of their best times in a decade. Industry observers say the companies are more financially sound than they’ve been since the ’90s, and that they continue buying equipment to make themselves more […]

Beck joins Geneva Capital Group

Steven J. Beck has joined the Chicago-based commercial real estate and investment firm Geneva Capital Group as managing director of its office in downtown Indianapolis. Beck most recently was involved in helping raise a seed-capital fund called IVC Equity Partners. Prior to IVC Equity Partners, he launched and was president of the Indiana Venture Center, […]

Select Snacks might close Jeffersonville plant

Chicago-based Select Snacks Co. Inc. has told state officials in Indianapolis that it might close its Jeffersonville plant in December. About 245 jobs are at stake, according to The Courier-Journal of Louisville. A buyer is interested in the plant, which has been put up for sale as part of the company’s Chapter 11 bankruptcy reorganization, […]

Realtor complaints will rise, regulator predicts

The rising tide of mortgage foreclosures will result in an increase in complaints about real estate agents, the chairman of the Indiana Real Estate Commission told The Times of Munster in an interview. Tim Reed, a Valparaiso agent who has been a commission member since 1992 and the chairman since 1998, said many homeowners don’t […]

Penn Centre at street level

Here are two street-level renderings of Penn Centre, courtesy of Browning Day Mullins Dierdorf. The first shows the Omega Building along Maryland Street, and the second is a view from Pennsylvania Street. These still are early concepts and the developers…

Enterprise Center small-business incubator sold

The near-east-side Indianapolis Enterprise Center has been sold to an undisclosed buyer from California. Seller Scott Meyers purchased the 200,000-square-foot incubator in May 2005 and has since added 34 companies and 10,000 square feet of office and warehouse space. It has a total of 72 tenants who share equipment and pay lower rent until they […]

Duke to build again near Keystone, I-465

Locally based Duke Realty Corp. plans to build another north-side office building, this time along River Road near Keystone Avenue and Interstate 465. And Duke already has signed a major tenant, locally based Advantage Health Solutions Inc., which will take 40,000 square feet of the 120,000-square-foot, four-story building. The building will be constructed on six […]

Lilly to push ahead on inhaled insulin

Eli Lilly and Co. today said it would plow ahead with plans to develop an inhaled insulin product even as competitor Pfizer Inc. announced it would stop making its poor-selling Exubera version. Lilly President and Chief Operating Officer made the comment while discussing the Indianapolis drugmaker’s third-quarter results. Profit was up 6 percent, to $926.3 […]

Developers eye 800 acres for Daleville rec complex

Peoples Management Resource, a New York development company, is negotiating to buy as many as 800 acres near Daleville for a possible entertainment and recreation complex, according to the The Star Press in nearby Muncie. The project near Interstate 69 and State Road 67 would include hotels, stores, an indoor water park and a skating […]

These colors don’t run

Work on the renovation of Jefferson Plaza (soon to be Allen Plaza) began this week as construction workers raised an Allen Commercial Group flag over the plaza. It replaces a worn-out state…

Anders named interim Black Expo president

Tanasha L. Anders has been appointed interim president and CEO of Indiana Black Expo Inc. after former president and CEO Joyce Rogers resigned earlier this month to join Ivy Tech Community College as vice president of development. Anders has been vice president of Black Expo’s youth and family programs and started the Expo’s State of […]

It’s time for a retail roundup

Southport shakeup. Big changes are underway at Southport and Gray roads on the south side. An LA Fitness, the city’s third, is under construction on 4.5 acres west of Gray Road. The…

Physical rehabilitation rivals settle long battle

A dispute between two local companies over intellectual property rights to the Graston physical therapy technique has been settled-again-three years after the parties reached their original settlement. This time, the agreement is better defined, said Michael I. Arnolt, the president of the party that forced the issue in court, TherapyCare Resources. The newest agreement, reached […]

Some Democrats upset over Honda hiring

Five state Democratic lawmakers from Anderson, Muncie and Pendleton have written a letter to Indiana Secretary of Commerce Nate Feltman to say they’re upset that their constituents were prevented from applying for the 2,000 production jobs created by the Honda Manufacturing of Indiana plant in Greensburg. The lawmakers say their constituents should be able to […]

Steel Dynamics profit rises 12 percent

Profit at Fort Wayne-based Steel Dynamics Inc. increased 12 percent, to $101 million, in the third quarter on across-the-board increases in its businesses. The steel recycler said today that revenue swelled 27 percent from the $876 million of a year earlier. The improvement came despite softness in flat-rolled steel and some slowness in certain bar […]

Evansville may study creating inland harbor

The Port Authority of Evansville may approve spending $50,000 for a feasibility study to build an inland harbor near Howell Yards railroad yard, reports the Courier & Press. The project would require cutting into the land to form a water harbor where barges could be brought. The need for an inland harbor is in response […]

Republican mailing stirs controversy in South Bend

Democrats are accusing the state Republican Party of negative campaigning after the party mailed cards to residents of South Bend claiming that businesses are leaving the city, among other problems. “RIP,” said the card, which has a picture of a tombstone. “Here lies South Bend, a once vibrant city now abandoned by business, overrun by […]