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Chemical giant diversifies biotech portfolio: Acquisitions, research agreements poise Dow AgroSciences for growth

Jerome Peribere has a 10-year plan to diversify Dow AgroSciences LLC, Indiana’s largest agricultural chemical company. Biotechnology is the blueprint. And through a series of aggressive international deals, Dow AgroSciences is building the framework for its future. By 2015, Peribere hopes to oversee a balanced portfolio of agricultural chemical and biotech products. “We’re in the stone age of biotechnology,” he said. “Tomorrow, it’s going to be used to create products we have no clue about.” Formed in 1989 as a…

SPORTS: Indiana’s finest embark on the trip of a lifetime

On Sept. 25, the NCAA’s Hall of Champions was a hall filled with champions. Yes, former Carmel basketball state champion, Purdue bowl champion and Indianapolis Colts quarterback Mark Herrmann was there. So were Justin Snow and a couple of his teammates from the Super Bowl champion Colts. But the champs on this day were athletes such as Sam McNew from Noblesville, Jessica Crook from Logansport, Mitch Johnson from Muncie, Danielle Burgin from Jeffersonville, and Shane Talbert from Attica. Later, at…

Atterholt’s toughness with insurers questioned

Indiana Insurance Commissioner Jim Atterholt says his philosophy toward consumer protection is to be tough on the “bad actors,”
but friendly toward the “good actors”;–in part, so he can call for their help when needed.Not everyone is convinced, however,
because Atterholt has done so much in his 2-1/2 years as commissioner to promote industry causes.

Finish Line seeks court backing on demands

Indianapolis-based retailer Finish Line Inc. said last night that it filed a request with a Tennessee court to force Genesco Inc. to turn over certain financial information and give it access to financial personnel. Indianapolis-based Finish Line has accused the Nashville, Tenn., company of withholding access to financial information it needs to complete its $1.5 […]

IPS pledge: Fence is temporary

The second- and third-floor parking levels of the Indianapolis Public Schools headquarters will remain surrounded on three sides by a chain-link fence at least until the spring, a school district official said today….

Rose petals to adorn downtown bus shelters

Monday-morning commuters who ride IndyGo will be in for a treat at 11 downtown bus shelters. Local artist Audrey Barcio and 10 assistants will use a water-soluble adhesive to glue 200,000 freeze-dried rose petals to the interiors of the shelters as a public art project. The petal pushers will be returning to the shelters to […]

Pigeon to follow Gillis out of WIBC

Jeff Pigeon, the long-time voice of WIBC-AM 1070’s morning show, told listeners this morning that he is leaving the station. Pigeon’s co-host, Terri Stacy, said the news broke her heart. She is planning an on-air party for the Chicago native on Monday, the day of his last show. A statement e-mailed from WIBC Director of […]

Finish Line execs fend off analysts

Finish Line Inc. executives this morning refused to comment on the company’s legal tussle with Genesco Inc. during a conference call with analysts to discuss second-quarter results. CEO Alan H. Cohen got testy at one point when an analyst asked a question related to the Indianapolis company’s $1.5 billion offer to buy Nashville, Tenn.-based Genesco. “We […]

ATA shifts pilots out of Indianapolis

ATA Airlines Inc. has closed its Indianapolis pilot base and moved its 94 pilots out of the city, the Indianapolis-based carrier said yesterday. The relocation was carried out in accordance with the pilots’ collective bargaining agreement, said ATA spokeswoman Maya Wagle. No pilots were demoted or lost their jobs. The action is the latest in […]

Lakes pact links business, environmentalists

Businesses and environmental groups in northwest Indiana have banded together to prohibit water diversions from the Great Lakes, reports the Post-Tribune of Merrillville. The Great Lakes Compact requires approval by governors of the eight Great Lakes states and the provinces of Ontario and Quebec in Canada to ban water diversions from the lakes. Each state […]

South Bend bank sues Falcons quarterback Vick

Atlanta Falcons quarterback Michael Vick, who pleaded guilty last month to federal dog fighting charges, has been sued by 1st Source Bank in South Bend over claims that his company hasn’t repaid more than $2 million in loans. The loans to Divine Seven LLC, a Georgia company, were made to finance vehicles for a car […]

Finish Line losses narrow in second quarter

The Finish Line Inc. reported this afternoon that it lost $1.8 million in the second quarter ended Sept. 1. While a reversal from the $9.2 million it earned a year earlier, the loss was smaller than the $3.9 million setback in its first fiscal quarter. The most recent quarter included $13 million in costs to […]

Fountain Square’s artistic alleys

Earlier this year, real estate agent and Fountain Square resident Phil Barcio began the Fountain Square Mural Project, an effort to transform the neighborhood’s alleys to help prevent crime and…

Public policy research organization shuttered

The Indiana Fiscal Policy Institute, Indiana’s only statewide organization devoted to independent government research, is on the cusp of collapse. Steve Johnson, its CEO, told IBJ this morning he has stepped down due to lack of funding. “I was just not able to sufficiently raise the dollars to keep the institute going,” Johnson said. “Oftentimes, […]

Realtors call for cutting property taxes

The Indiana Association of Realtors today called for shifting some reliance on property taxes to other revenue sources, but stopped short of advocating eliminating the tax. The trade group didn’t specify which sources should be increased to offset any reduction in property taxes. Replacement revenue should come from “broad-based taxes centered on the ability to […]

Cohesant profit jumps to record high

Profit at Cohesant Technologies Inc. increased nearly 14 percent in the third quarter, to $431,443, the Indianapolis company reported today. Cohesant, which protects and repairs water and wastewater systems, cited revenue gains across its business segments for the increase. Revenue rose to $8.3 million in the quarter, from $6.4 million a year earlier.

Local support key to intermodal site, exec warns

The LaPorte area has about everything necessary for an intermodal facility, the director of CSX Intermodal said during the annual Indiana Logistics Summit in Indianapolis yesterday. The key to landing an intermodal project is community support, Michael Gallis said. However, while economic developers and other officials in the northwest Indiana city back the idea, many […]

Janitorial company: We’ll work despite strike

Waste baskets won’t overflow at Market Tower because janitors who clean the building went on strike late yesterday, according to an attorney who represents the company contracted to clean the building, Executive Management Services. The attorney, Dave Swider, said other employees from the Indianapolis janitorial firm will be brought in to perform the work. “We […]

Sallie Mae claims buyers to back out of deal

Student loan giant Sallie Mae, which employs 2,300 workers in Fishers and another 500 in Muncie, said today that the private-equity buyers who offered to buy it for $25 billion want to back out of terms of the agreement. Earlier this month, Virginia-based Sallie Mae warned the investors to follow through with the deal. The […]

No more Nothing But Noodles

Arizona-based Nothing But Noodles has closed its local stores on 96th Street and near the IUPUI campus. No one answered the phone at either of the stores or at the Indianapolis corporate…