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Eli Lilly and Co. could face the juicy prospect of a $2 billion hole in the diabetes market if the Food and Drug Administration acts on a recommendation from one of its safety scientists. David Graham is set to tell FDA advisers today to pull diabetes pill Avandia from the U.S. market, according to Bloomberg. […]
Officials for Indianapolis-based Just Marketing announced today that they have signed a deal with NASCAR to sell corporate sponsorships for the stock-car series’ Hall of Fame in Charlotte, N.C. Terms of the deal were not disclosed, but industry experts called it a strong mid-to-high seven-figure deal for Just Marketing, which also has offices in Charlotte. […]
Oakland City University has agreed to pay $5.3 million to the federal government to resolve charges that it paid incentive compensation to its admissions and recruitment counselors. The action violates provisions of the Higher Education Act. An unnamed whistleblower, who was a former employee, will receive $1.4 million of the settlement. The case against the […]
Indianapolis-based shopping mall owner Simon Property Group Inc. reported today that funds from operations, a common measure of the performance of real estate investment trusts, increased 4.1 percent in the second quarter, to $373 million. The $1.31 per share in funds from operations was less than the $1.33 anticipated by analysts surveyed by Thomson Financial. […]
A Houston firm has agreed to buy Pan Am Plaza’s office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would…
The Indianapolis marketing firms of Willow Marketing Management Inc. and Manuszak/Schoff have merged, Willow said today. Manuszak/Schoff principal Alan Schoff had moved to California to care for elderly parents, and the stress of balancing the care with his role at the marketing firm had grown too cumbersome, said Willow President Brad Gillum. Manuszak principal Mark […]
In a world where gyms and fitness centers beckon with billboards, water parks and membership specials, Body-N-Motion has found a lower-key, back-to-basics niche. Tucked in an office/flex park next to the headquarters of Mays Chemical Corp. on the northeast side, Mike “Mr. Motion” White’s 5-year-old gym specializes in personal training. All its clients have White or one of his 10 employees putting them through the paces of a customized workout that, White notes with pride, is rarely the same routine…
STARTUP GAZELLE WEB & CONSULTING LLC Entrepreneur offers to help entrepreneurs Type of business: Consults with startup and growing companies Location: 885 Waveland Lane, Greenwood Phone: 450-7746 E-mail: [email protected] site: www.gazellewebandconsulting.comFounded: December 2006 Owner: Brandon Lott Owner’s background: Lott, 33, grew up in the south side of Indianapolis and graduated from Indiana University in 1998 with a health care degree. He went to New York in 2005 to work as an operations manager for retailer Alan Flusser Custom Shop, but…
“I haven’t sung yet,” Frances the Fat Lady said. We were at the Bulging Buffet, which is open 24/7. Frances, one of the state’s biggest experts on public finance, had stacked her plate with bacon, sausage, eggs, pancakes and a variety of sweet rolls. “This property tax debate is not over yet,” she said as we took a table. “Despite the fact that only a few counties are really up in arms, there may be enough momentum for something realistic…
Indiana’s property tax woes are already a headache for Marion County homeowners. Now the cure is becoming a migraine for area
businesses, local elected officials and regional economic developers, too.
The changes to the Indianapolis Motor Speedway’s road course to accommodate motorcycle racing means the track’s operators will forfeit around $500,000 annually in ticket revenue for the Indianapolis 500 and Brickyard 400. Due to modifications just south of pit road and directly north of the oval’s first turn, several thousand seats on the inside of the first turn will be removed after this year’s Brickyard 400. Work to prepare the track for next year’s MotoGP motorcycle race-which includes laying 13,300…
Indiana, as you know, has not escaped the inevitable crush of consolidation in the banking industry. No one should have been surprised by the announcement that First Indiana Corp. was selling itself to an out-of-state bank, Milwaukee-headquartered Marshall & Isley Corp. In spite of the best efforts of M&I, The National Bank of Indianapolis, of which I am chairman of the board, will add business as a result of this transaction. Some of First Indiana’s customers prefer to deal with…
How can friends and business associates end up in such a bad place? The idea was simple. The model was not a new one. These friends and associates each brought a particular know-how to the table for this business venture to succeed. Neither probably realized the handling of their business violated the Indiana Securities Act. The friendly investment The company owner offered a 49-percent stock share in a new business venture to a key employee. After discussion of some details,…
The son and grandson of hotel managers, Maarten van Wijk became general manager of the historic-but-ailing 2,000-member Columbia
Club in May. His first priority is to polish the venerable private club’s tarnished quality standards to a lustrous sheen.
Do the words “integrity” and “sports” belong in the same sentence? Worse, does anyone care? By the time you read this, Barry Bonds, a Giant in uniform but hardly a giant of a man, may have become baseball’s alltime home-run king. His inexorable pursuit of Henry Aaron’s magical mark of 755 has been well-documented. So, too, has been the overwhelming evidence implicating Bonds as a user of steroids. Thus, what should be one of baseball’s greatest moments is instead one…
Huntington Bancshares Inc. entered the Indianapolis market in 1986 and since has led a relatively unassuming existence, barely cracking the top 10 in local deposit amounts and operating just a few dozen branches. So, the Columbus, Ohio-based bank is entering uncharted territory following its $3.6 billion acquisition of fellow Buckeye bank Sky Financial Group Inc. in Bowling Green. Huntington completed its purchase of Sky on July 2, making it the 24th-largest domestic bank in the United States in terms of…
One of the two massive trade shows forced to leave Indianapolis because of a convention center space crunch isn’t coming back
as soon as expected. Locally based Custom Electronic Design & Installation Association is changing course three years after
agreeing to return its fall CEDIA Expo to Indianapolis for four years beginning in September 2010.
It seems simple, but knowing whether your financial advisor is doing a good job can be a challenge for some. It’s difficult to define what good is, because it depends on how the rest of the market is performing. For example in a bull market, 2 percent is a horrible return. But in a bear market, when most investors are down 20 percent, just preserving your capital would be considered a triumph. In that case, 2 percent doesn’t look so…
A Texas firm has agreed to buy Pan Am Plaza’s 12-story office building and skating rinks and is planning to replace the rinks
with a more-than-$50-million restaurant and retail development.
The region’s largest consumer advocacy group is trying to counter efforts by Indiana car dealers who want to water down higher fuel economy standards passed by the U.S. Senate. Citizens Action Coalition has been rallying its base to pressure the Indiana delegation to stand behind aggressive fuel economy targets that would require a carmaker’s fleet to average 35 miles per gallon by 2018. With gas supplies pinched and prices relatively high,”this is a very current and important issue,” said Dave…
