To refine your search through our archives use our Advanced Search
Indianapolis software developer CTI Group Inc. said yesterday that it lost $582,896 in the first quarter, a 26-percent decline from the prior year quarter. CTI, which focuses on software for enterprise networks and telecommunication services providers, attributed the setback to a reduction in patent income and its Ryder Systems Ltd. acquisition. It is the first […]
Rick Davis, formerly a co-owner of Indianapolis-based Davis Homes, has joined Oxford Financial Group as a managing director, Oxford said. The Indianapolis fee-based advisor said it was drawn by the prospect of Davis using his background operating a family-owned business to help its clients, many of whom own companies. Davis sold his stake in the […]
Ginovus LLC, the Carmel consulting firm that lost five professionals on Friday to a new economic development practice started by the Indianapolis law firm Bingham McHale, has hired three people. Richard Rowley, legislative director under former Gov. Joe Kernan, joined yesterday as special counsel. Rowley will continue practicing law at Sommer Barnard, the Indianapolis law […]
The West Street corridor will get more attention under the new convention hotel plans released May 15. The 1,000-room, 29-story JW Marriott-increased from 800 rooms and 20 stories in the original design-has been flipped to run north-to-south along West Street instead of along Maryland Street. The new look means a more complete view of the […]
Carmel drug developer Marcadia Biotech has received a $15 million venture capital investment from Frazier Healthcare Ventures of Seattle and locally based Twilight Venture Partners. The funding will help Marcadia develop projects including a glucagon analog for emergency treatment of hypoglycemia, the company announced today. Marcadia, which is led by former senior executives of Eli Lilly […]
Downtown’s new convention headquarters hotel got a sleek new look this afternoon. The $325-million campus of hotels will include the tallest hotel in Indianapolis, a 29-story JW Marriott topped with more than…
The Indianapolis law firm Bingham McHale has started an economic development practice with professionals who left the Carmel consulting firm Ginovus LLC. Leaving Ginovus late last week were Jay Walters, Jenny Massey, Suzanne Davis, Linda Williamson and Sara McGoun, according to an economic development professional familiar with the departures. Another Ginovus associate, Sue Scott, left […]
Anger over “excessive salaries” and “bloated administrative costs” at WellPoint Inc. will bring a crowd of protesters to demonstrate outside the health benefits firm’s annual shareholder meeting tomorrow. Hoosiers for a Common Sense Health Plan hopes to draw about 50 people to the protest on Monument Circle, where WellPoint’s corporate headquarters is located. “They are […]
A multi-year deal between one of the nation’s most successful motorsports sponsorship brokers and Indy Racing League could be a critical step in bringing the open-wheel series a title sponsor. Indianapolis-based Just Marketing International has agreed to work with the league on all facets of commercial rights packaging and sales for not only the series, […]
A study by the Economic Development Corp. of Elkhart County shows Marion County is No. 1 in the state in patents filed since 1976. Marion County, with a population of 863,596, generated 8,441 patents. However, the recreational vehicle and manufactured house center of Elkhart County had the highest per capita: 2,008 in a population of […]
Developers plan to unveil a significantly updated set of plans this afternoon for a JW Marriott convention hotel across the street from Victory Field. For one, the 1,000-room hotel will be taller than the 22 stories originally proposed, said Jeremy…
Clarian Health Partners Inc. has negotiated to acquire nearly 160 acres in Johnson County, near Bargersville. Financial terms were not disclosed. Clarian officials said they could use the land, located at the southwest corner of State Road 135 and Whiteland Road in White River Township, to provide outpatient services and urgent care, with the potential […]
City officials are seeking approval this week for $66 million in tax-increment financing to help pay for a 1,000-room JW Marriott convention hotel along East Washington Street. The Metropolitan Development Commission is slated to consider the plan, which would create a new economic development area, on Wednesday. The City-County Council could consider the move next […]
A statewide coalition of 45 groups says it plans to protest what it says are “bloated administrative costs” and excessive executive salaries during WellPoint Inc.’s annual meeting May 16. Hoosiers for a Common Sense Health Plan, which includes the United Auto Workers, Citizens Action Coalition and Sisters of Providence, wants single-payer universal health insurance.
The Indianapolis advertising firm Roman BrandGroup has landed a contract with the Indianapolis Airport Authority to lure retailers to the new midfield terminal, which is scheduled to open in late 2008. Roman will help develop a theme to concessionaires and promotional materials. The facility will have 55,000 square feet of retail space.
A $150-million luxury condo development known as Renaissance Bay will replace an apartment complex along Keystone Avenue at 78th Street. All that remains of The Landings apartments are massive piles of concrete…
