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The group of private-equity firms that last week sweetened its offer to buy Biomet Inc. today began a tender offer to buy the Warsaw medical device maker’s shares for about $11.4 billion. The offer of $46 a share, which expires at the end of July 11, is contingent upon at least 75 percent of all […]
Several new stores and restaurants have filed plans to open locations all over the city. Wherever you live, chances are there’s something coming nearby. North: The area’s first location for salad-focused Tossed…
Eli Lilly and Co. has settled another 900 liability lawsuits over its top-selling drug, Zyprexa, the Associated Press reports. Lilly did not disclose the amount it paid to settle those suits, saying it was not material to the company. Indianapolis-based Lilly has battled a flood of lawsuits claiming Zyprexa causes weight gain, diabetes or high […]
Indianapolis-based Angie’s List has received $9 million from current shareholders and bond financing that it will use to expand into 25 U.S. cities this year and Europe in 2008. Angie’s List already provides a listing of consumer opinions about businesses in 124 cities. The company said it planned to expand internationally this year, but has […]
Colorado-based burger chain Red Robin is entering the Indianapolis market in a big way starting later this month. The chain plans to open its first location in Plainfield on June 18. It…
IUPUI Chancellor Charles Bantz and Purdue University Provost Sally Mason are two of the four finalists vying to become president of the University of Iowa. Bantz, who has led the Indianapolis campus since 2003, will interview today and Friday, the University of Iowa said in a release. Mason, who has been provost at Purdue since […]
A Fishers couple has bought the franchise rights to open boxing-themed men-only hair salons in Indiana. The Texas-based franchise chain, called Knockouts Haircuts for Men, provides haircuts, message therapy, manicures and hair waxing by female stylists wearing boxing uniforms. The couple, Alan and Marena Boyton, are expected to open their first stores late this year. […]
Jeffersonville-based American Commercial Lines Inc. has lowered its earnings projection for the year to $1.45 to $1.65 a share, from the $1.75 to $1.95 it projected earlier in the year. The company reduced its projection on continued weakness in the spot grain markets and lower-than-expected productivity in the manufacturing industry. The marine transportation company also […]
Tossed plans to open its first Indiana location in Fishers next week. The Florida-based salad concept is aiming for four more stores in addition to its restaurant at 8510 E. 96th St.
Focus Group Inc. of Valparaiso plans to build a hotel and water park adjacent to the Cabela’s outdoor-goods store slated for the southeast corner of Interstate 65 and County Line Road. Nebraska-based Cabela’s this afternoon confirmed that it plans to build a 125,000-square-foot store at that location. Cabela’s has a deal to buy 104 acres […]
As WellPoint Inc.’s newly appointed chief financial officer, Wayne S. DeVeydt will receive a $600,000 salary as well as stock awards and a potential bonus that could be worth up to $2.2 million. WellPoint disclosed DeVeydt’s new pay in a securities filing Monday afternoon, nearly two weeks after DeVeydt replaced David C. Colby. Colby was […]
The administrative building for Indianapolis Public Schools is getting a $3.2 million overhaul to shore up two levels of parking. Workers have removed the facade from most of the second and third floors
The city of Greenwood plans to help with financing on a Cabela’s store at the southeast corner of Interstate 65 and County Line Road. The Nebraska-based outdoors retailing giant has a deal to…
Most of an entire housing development going up just west of Muncie will be auctioned at a Delaware County sheriff’s sale, and the developer says a weak housing market is to blame, according to The Star Press. M&M Construction of Muncie, the developer of Laurel Meadows, said 38 undeveloped lots will be auctioned; 15 homes […]
The town of Schererville has approved the rezoning of 30 acres for commercial use, setting the stage for a proposed 350,000-square-foot lifestyle shopping center that would create about 2,800 jobs, reports the Times of Northwest Indiana. The developers of the Lake County outdoor mall are Jacksonville-based Regency Centers Corp. and Billings, Mont.-based Boyer Properties LLC. […]
As Indiana Gov. Mitch Daniels prepares for a likely second run for office, two prominent historians say he already has accomplished enough to go down in history as a change agent who raised controversy by ramrodding through an agenda that included passage of daylight-saving time and the $3.85 billion lease of the Indiana Toll Road. […]
Undeterred by stepped-up competition and tough margins, Fort Wayne-based Star Financial Bank is building an Indianapolis regional hub and has lined up land for four new locations. The privately held bank launched an Indianapolis-area expansion effort in 2001, and now has seven offices here-including three in Fishers, one in Carmel and one in Noblesville. The latest expansion salvo includes 25,000 square feet of leased space within an office building under construction at Keystone at the Crossing, next door to the…
I’m as much of a capitalist as anybody, but even I’m amazed sometimes at what a free market can come up with. Thanks to one little tiny addition to modern computers, a whole industry has opened up. That addition is the USB port, a little slot on the case of almost all present-day computers. Most now have two or more, in fact. “USB” stands for “universal serial bus,” and it’s replaced the older D-shaped serial ports, round PS2 mouse and…
