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Eli Lilly and Co. could benefit from a recent New England Journal of Medicine report that Avandia, GlaxoSmithKline’s diabetes drug, might heighten the risk of heart attacks by 43 percent, according to Forbes. Lilly and a Japanese partner have developed Actos, which is similar to Avandia. However, unlike GlaxoSmithKline’s drug, Actos doesn’t make a big […]
A plastics-molding plant in the southwestern Indiana town of Mount Vernon has been bought as part of Saudi Basic Industries Corp.’s $11.6 billion acquisition of GE Plastics. The Saudi Arabian company is committed to the facility and its 1,450 workers, GE Plastics CEO Brian Gladden told the Evansville Courier & Press. Opened in 1960, the […]
NASHVILLE, TENN.-Preparation and practice are taken care of. All Indianapolis’s Super Bowl bid team can do now is hope for a payoff. City boosters were set to make their 15-minute presentation today before NFL owners vote on a site for the 2011 game. Indianapolis is vying against regional bids from North Texas and Arizona. A […]
NASHVILLE, Tenn.-The team pitching Indianapolis as a potential Super Bowl city is huddling with NFL staff this afternoon, preparing for tomorrow’s vote on a site for the 2011 game. Local representatives, including Baker & Daniels partner Fred Glass and Deputy Mayor Steve Campbell, expected to get last-minute feedback and have the opportunity to respond to […]
Simon Property Group obviously has sway in Indianapolis, having built its headquarters on a public plaza. But the company’s clout goes far beyond the Hoosier state. That is abundantly clear at the…
Nikki Longworth no longer is executive director of Indianapolis City Market. Her departure ends a sometimes-controversial six-year tenure. A market employee confirmed the departure. Additional information was not immediately available. The market is in the midst of a $1.8 million renovation that is running behind schedule.
Locally based Mann Properties is pitching retailers in Las Vegas this week on a couple of mixed-use developments slated for the north side: A project with 132 townhomes and a retail strip called Creekside Shoppes would be built along 86th…
The nation’s only CVS pharmacy to be build in the Art Deco style will be in The Village of West Clay in Carmel, the developer, Brenwick Development, said today. The 13,013-square-foot store is expected to open this fall.
Jury selection was expected to begin late this morning in the civil trial of Timothy Harcharik, a former Brightpoint Inc. worker accused of helping orchestrate an $11.9 million accounting fraud in the late 1990s. Harcharik, 53, served as Brightpoint’s director of risk management from 1997 to 2002. The Securities and Exchange Commission says that in […]
Patrick Industries Inc. has completed its purchase of Adorn LLC, another Elkhart maker of recreational vehicle and manufactured house components. The price was not disclosed. Publicly-traded Patrick generated $348 million in revenue last year and Adorn, $240 million. Patrick said the acquisition will add synergies in logistics, personnel, purchasing and other functions.
Because of the three-hour time difference between Indianapolis and Las Vegas, I won’t have much to say until this afternoon. I promise it’s the time difference and not that party last night at The Palms. I was working, promise. Asked…
Miasa Automotive LLC, which makes transmission parts, plans to open its first U.S. plant in Muncie. The Spanish company will hire 12 workers to make gearbox components. The company received nearly $90,000 in tax credits and other incentives from the state and Delaware County, according to Indiana Economic Development Corp.
This year’s TechPoint Mira Award winners included Indianapolis-based ExactTarget, ChaCha, of Carmel, and West Lafayette life science company Quadraspec Inc. The awards are given out annually by the not-for-profit to promote Indiana technology-based companies. This year’s winners, announced Friday, include: -Information Technology Company: ExactTarget, Indianapolis -Information Technology Gazelle Company: ChaCha, Carmel -Health & Life Sciences […]
John Delaney, a second-tier Brightpoint Inc. executive convicted of securities fraud last year, charges in a newly public
letter that upper management was in on the scheme. The 2004 letter implicates former Chief Financial Officer Phil Bounsall,
now executive vice president of locally based Walker Information.
A recent article in Strategy+business magazine estimated that “the world’s urban infrastructure needs a $41 trillion makeover” between now and 2030. The article explained that $41 trillion is roughly equivalent to the “2006 market capitalization of all shares held in all stock markets in the world.” Some experts think that “new technology” will be the answer, and it may be when nanotechnology takes over the world. For now, however, the trend usually reinforces the trend, and we do the same…
Virtually unnoticed in the spate of bills that emerged from the 2007 session of the Indiana General Assembly was creation of a new officer in state government who can be extremely helpful in the state’s economic development efforts. The law creating a Geographic Information Officer, or GIO, gives official status to an important discipline that has been blossoming over the last 25 years and is increasingly relied upon in business and political decision-making. A Geographic Information System is a collection…
This year’s recipients of Techpoint’s Mira awards include some of the area’s best-known technology startups as well as lower-profile firms that have racked up big achievements. On May 18, the technology trade group was scheduled to acknowledge the accomplishments of Hoosier entrepreneurs in information technology, life sciences, advanced manufacturing and education with its eighth annual gala at the Indiana Roof Ballroom downtown. “It’s always good to recognize companies and give them a pat on the back, put them on the…
Campaign finance records through the first quarter of 2007 show Rudy Giuliani, the former New York mayor, has raised $176,950
in Indiana. That’s more than twice as much as one-time Massachusetts governor Mitt Romney, his closest Republican rival.
The Indy Racing League is overhauling its sales effort, an initiative industry observers said could lead to an eight-figure annual title sponsorship and exponential growth for the league and its teams. Officials for the company tabbed to lead the revolution said there isn’t any sponsorship deal that won’t be considered by Speedway brass, including a title sponsorship for the Indianapolis 500, a sacred property once thought untouchable. Race fans have been focused on the Brickyard’s 2-1/2-mile oval this month. But…
