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Eli Lilly and Co. won European approval today for its once-daily version of the impotence pill Cialis, Reuters reported. The OK from the European Commission could help Lilly differentiate its erectile dysfunction therapy from competitor Viagra. Before, Cialis and Pfizer Inc.’s Viagra have been taken as needed. But now, the new low-dose formulation of Cialis […]
Hospital network Clarian Health will begin charging its cigarette-smoking workers $5 per paycheck next year as punishment for the unhealthy habit. The fee applies to any worker covered by health insurance Clarian offers its employees. The smoking surcharge is part of a broader 2008 requirement by Clarian that each of its employees declare their health […]
Indianapolis-based Ratio Architects today unveiled final plans for a 420,000-square-foot expansion of the Indiana Convention Center. Among the details: 254,000 square feet of additional exhibit space, 63,000 square feet of meeting rooms, a new banquet kitchen and 100,000 square feet of so-called “pre-function space”-including three-story entry pavilion planned for the intersection of Capitol Avenue and […]
Locally based Ratio Architects this afternoon unveiled final plans for a 420,000-square-foot expansion of the Indiana Convention Center. It includes 254,000 square feet of additional exhibit space, 63,000…
Indianapolis-based based Marsh Supermarkets announced today it will close one store and remodel four others in Bloomington. The chain will close its South Walnut Street site in July and renovate the others with new fixtures and new product offerings. The changes will cost $2 million.
National Bank of Indianapolis plans to open a branch in the Village of West Clay, joining CVS and Chase Bank as the first retailers in the Art Deco-style retail village. The bank will be located in the Uptown section of The Village at 131st Street and Towne Road, locally based Brenwick Development Co. announced today. […]
Indianapolis-based BioStorage Technologies Inc., which stores and manages biomaterials for use in drug development and health care, said today that it has hired James M. Saponaro as executive vice president. Saponaro will oversee the company’s sales and marketing operations, its information technology and its business development functions. Saponaro spent the last 14 years as an […]
The Alliance of Area Business Publications over the weekend named IBJ the nation’s best large-market weekly business journal. The gold medal was among six awards the newspaper received during the association’s annual conference in Denver. Judges from the University of Missouri’s School of Journalism evaluated 772 entries from 59 publications, including papers in Los Angeles, […]
The economy near Kokomo-including northern reaches of the Indianapolis area-could sustain a two-fisted punch if Delphi Corp. succeeds with its plan to emerge from bankruptcy protection. The Michigan-based auto parts maker has reached a preliminary agreement with the United Auto Workers and its main customer, General Motors Corp., to cut production by about half at […]
Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill is expected to complete a deal this week to take about 6,000 square feet…
Plans to improve Central Railroad of Indianapolis tracks between Shelbyville and Cincinnati could mean some shippers will have a better alternative to trucks. Rail America Inc., headquartered in Boca Raton, Fla., is upgrading the track to prepare to carry 8,000 rail cars a year of finished autos from the Honda Motor Co. plant in Greensburg. […]
Tower Financial Corp. is putting off its planned launch of a bank in Carmel because the Indianapolis market is becoming too crowded, a Tower spokeswoman said today. “We’ve seen many banks coming to town,” Michelle Gray told IBJ. Fort Wayne-based Tower had announced last October that it planned to enter the Indianapolis market by opening […]
Indiana Bankers Association CEO James H. Cousins will retire July 1, the trade group said today. Cousins will be replaced by President S. Joe DeHaven, who will add the title of CEO. Cousins was president and CEO of the Indiana League of Savings Institutions when it merged with the Indiana Bankers Association in 2000, and […]
For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments (pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an…
Revenue at plants in Kokomo and elsewhere that bankrupt Delphi Corp. intends to keep open will fall 40 percent, according to a Detroit Free Press report. The reduction, which resulted from a tentative contract with the United Auto Workers and Delphi’s main customer, General Motors Corp., will result in the Kokomo operation falling to $310 […]
A Carmel bank planned by Tower Financial Corp. has been deferred indefinitely, the parent of Fort Wayne-based Tower Bank & Trust Co. said today. Tower said in October it would form Tower Bank of Central Indiana with $13.5 million to $15 million in capitalization. The decision to pull back was driven by “Indianapolis market conditions” […]
Indiana prosecutors worry about heightened suspicion of any charging decision they make as a result of the recent highprofile disbarment of a North Carolina prosecutor. Talk started months ago, but banter took a new surge following Michael Nifong’s nationally televised disciplinary proceeding June 16. He was disbarred for violating professional conduct rules in his prosecution of three Duke University lacrosse players falsely accused of rape. “Around the country and here, prosecutors are talking about the Nifong effect,” said Stephen Johnson,…
With little effort, IndyGo may well pack buses on a new route starting in September from Fishers to Indianapolis. After all, the hellish commute on interstates 69 and 465 is its own best advertising for taking the bus. But while full loads each morning to big employment center Indianapolis are one thing, how about when the bus heads back to Fishers to pick up another load for the inbound commute? “It’s like a trucking firm. You want to have full…
First Indiana Corp.’s new marketing campaign features a superhero sporting an orange cape and a white jumpsuit with the First
Indiana logo. But First Indiana Man is just a means to introduce the real star of the bank’s most aggressive marketing and
account-growth effort in a decade: a free checking account the bank hopes will generate 20,000 new accounts in the next year.
