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A federal jury in Manhattan Friday afternoon found former Brightpoint Inc. manager Timothy Harcharik aided and abetted securities fraud at the company in the late 1990s. After a four-day civil trial, the jury found against Harcharik on three counts of aiding and abetting. The jury found in his favor on another aiding-and-abetting count and on […]
The 7th Circuit Court of Appeals in Chicago today upheld a court decision that tossed out a class-action lawsuit brought by disgruntled Formula One fans. The unanimous decision affirmed a 2006 ruling by U.S. District Judge Sarah Evans Barker, who said the suit failed to state a claim for which relief could be granted, according […]
A local businessman has plans for two new independent restaurants downtown near the corner of Ohio and East streets. One of them, Cabo’s Mexican Grill, is slated to open next week at 132 East St., across from Fifth Third Bank….
Central Indiana home sales fell to 2,577 in April, down 3.8 percent from the same month last year, the Metropolitan Indianapolis Board of Realtors said today. For the year, the sales are off 7.9 percent. New listings for April increased 5.5 percent from a year earlier, and prices held steady despite the slow sales and […]
Eli Lilly and Co. said today it has bought Ivy Animal Health Inc. for an undisclosed price. The Overland Park, Kan., company, which primarily sells cattle growth promotants, will compliment Lilly’s Elanco animal health arm, Lilly said. The deal is expected to close in the second quarter and result in a charge to earnings of […]
ATTC Manufacturing Inc., which supplies brake drums, rotors and differential cases to Toyota plants in North America, said today it will expand its plant at Tell City. Ninety jobs will be added by the $49 million project in the southern Indiana community. ATTC received $3.3 million in state and local economic development incentives.
Steve and Tomisue Hilbert’s furniture and housewares fetched $8.8 million Thursday in a Sotheby’s auction in New York. The total exceeded the estimated value of the Hilbert collection, which Sotheby’s estimated at $5 million to $7.7 million. The Hilberts are also scheduled to sell eight paintings on June 8, which could be worth more than […]
The Indiana Supreme Court, Court of Appeals and Tax Court have signed a letter of intent to move their offices to space formerly occupied by Eli Lilly & Co. at 30 S. Meridian. They’re leaving National City Center. The courts…
Three counterfeit batches of Zyprexa, Eli Lilly and Co.’s blockbuster schizophrenia drug, have been discovered in the supply chain in the United Kingdom, according to Reuters. The product has been recalled by the U.K.’s Medicines and Healthcare Products Regulatory Agency to err on the side of caution even though the agency thinks only two batches […]
The American Basketball Association, an Indianapolis-based professional basketball league, and Toronto media company Caricom have signed a deal to create ABA Media, an initiative launched to maximize potential of a variety of media opportunities for the league, including television, radio, Web streaming, podcasting and other technologies. “Caricom is a new breed of media organization that […]
Several businesses have filed suit against the city of Fort Wayne in the hope of persuading a judge to declare a pending city-wide smoking ban unconstitutional. The business owners claim the ordinance is too broad, but the author, City Councilman John Crawford, says he is confident the suit will fail, according to The Journal Gazette […]
Dick Turner, the man who owns the name and recipes to the classic Indy restaurants from the 1930s to 1970s, is hoping to open an updated version on the south side. Check out the story here. At its…
First-quarter profit fell to $7.3 million from $7.4 million a year earlier for Shoe Carnival Inc., the Evansville shoe retailer reported today. Comparable-store sales in the period ended April 29 dipped 3.7 percent. The company blamed the results on sluggish shoe sales across the industry.
Central Indiana Corporate Partnership Vice President Lee Lewellen is leaving the group over a transition ending July 31 to become senior vice president of community and regional development at Thomas P. Miller & Associates, the Greenfield consulting firm that wrote the state’s economic development plan. Lewellen, 54, spent most of his seven-year tenure at CICP heading research […]
3D Machine Inc. in Goodland will spend $3 million and create 27 jobs in an expansion, Indiana Economic Development Corp. said today. The northwest Indiana machined parts manufacturer received as much as $335,500 in state and local incentives. Family-owned 3D Machine supplies to Pitney Bowes Inc., the Stamford, Conn., mail- and message- equipment maker, among other customers.
Kevin B. Kelly has been named Economic Development Director for the city of Noblesville, Mayor John Ditslear announced today. The 47-year-old was president of the Illinois chapter of the Associated Builders and Contractors, based in Elgin, Ill. Kelly also has been mayor of the Chicago suburb and headed that city’s chamber of commerce.
Gerald R. Francis, who has engineered the sale of two Indiana banks to out-of-state concerns, has joined Financial Stocks Inc. of Cincinnati as managing director of its private equity group. Francis will identify and evaluate opportunities to recapitalize or turn around community banks and thrifts. Francis, who will work from Indianapolis, revived Kokomo-based First National […]
Sallie Mae parent SLM Corp. said late yesterday that CEO Thomas J. “Tim” Fitzpatrick had resigned and would be replaced by Executive Vice President and Chief Financial Officer C.E. Andrews. News outlets including The Wall Street Journal and Reuters reported that directors of the Reston, Va., student loan giant felt a fresh start was needed […]
