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Obelisk Federal Credit Union in New Albany was taken over by the National Credit Union Administration last month, but the federal agency isn’t saying why. However, the agency assured members that operations would continue as usual, according to The Courier-Journal of Louisville. Members of the southern Indiana institution work at hospitals, local governments and companies.
Intelliplex Park, Shelbyville’s state certified technology park, needs time to attract more companies and fulfill its potential for creating jobs, Major Hospital officials told a crowd of about 100 on Monday. In early April the hospital, which founded the park in 2003 along with the city and Shelby County, answered 180 questions from the community. […]
The Indiana Supreme Court said today that insurance carriers are not required to pay power utilities’ costs to install pollution equipment or to pay utilities’ legal costs to defend against lawsuits that forced them to upgrade air quality. The 17-page, unanimous opinion upheld a decision by Hendricks Superior Judge David H. Coleman denying a motion […]
Could it be? A long-promised Ritter’s Frozen Custard and a coffee shop apparently are on schedule to open later this month on the north end of the Downtown Canal. The $3.5-million renovation of…
Dow Jones & Co., which publishes The Wall Street Journal, has been offered $60 per share by News Corp., the company controlled by media baron Rupert Murdoch, according to CNBC. News Corp. is planning a business news channel to compete with other broadcasters. Dow Jones shares almost tripled this morning on the news, rising from […]
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., has bought some assets of Maize Technologies International of Neusiedl am See, Austria, for an undisclosed price. Dow AgroSciences anticipates using Maize Technologies’ genetics to improve corn grown in short seasons in Europe and the United States. Local employment will not be affected by the […]
A deal that fell through a year ago is back on the table for Standard Management Corp. The Indianapolis company, which sells pharmaceuticals to nursing homes, said today it has agreed to buy In-House Pharmacies Inc. of San Diego—this time through its newly formed unit Universal Healthcare Co. LLC. Terms were not disclosed today or […]
A development team that bought 115 acres at the former site of Central State Hospital may soon buy another 33 acres from the city, at a cost of $223,500. Sound cheap? Mike Higbee, president of Development Concepts Inc. and one…
Eli Lilly and Co. became the first drug company to make public its grants to U.S. organizations by posting the records on its Web site today. Most of the grants focus on endocrinology, neurosciences, oncology and other areas where Lilly develops drugs. The largest in the first quarter was to Massachusetts General Hospital’s Department of […]
Zimmer Holdings Inc. has named David Dvorak as CEO to replace Ray Elliott, who is retiring in the first half of this year but will remain as chairman. Dvorak, 43, was group president of the Warsaw orthopedics company’s global businesses and chief legal officer. He has been with Zimmer for six years.
A few hundred of the nation’s most influential real estate developers, brokers and investors are in town this week for meetings at the Hyatt. The CCIMs, or Certified Commercial Investment Members, are meeting…
Wabash National Corp., the Lafayette-based manufacturer of semi-truck trailers, said profit in the first quarter slid to $1 million from $4.3 million a year earlier. Customers still seek quotes, but they follow through by placing orders less frequently because they’re “monitoring economic conditions,” Wabash said.
Plans are in the works for a residential and retail project on a state-owned parking lot between Indiana Avenue, Capitol Avenue and Vermont Street, IBJ reported this weekend. Two groups bid for the three-quarters-of-an-acre parcel, and the winner includes Jim…
Since its founding three years ago, advertising agency Vision 3 has grown from two to 15 employees, and earlier this spring moved from a tiny office into an 8,000-square-foot building the company bought at 330 N. College Ave. V3 founders Jeff Hopler and Eric Davis remodeled the building’s interior themselves, mixing the downtown structure’s historical feel with modern touches reflective of the company’s technological expertise. Local peers see the move as a gamble, but the agency’s founders have become adept…
The private equity folks are having a field day. In 2006, there was $160 billion worth of publicly traded companies taken private by private equity firms. In the last six months, several of these private equity firms have raised more than that from investors. Leveraging that money will create enough buying power to take almost every company in Japan private. But there is a competitor for those deals waiting in the wings, and these two Wall Street forces are going…
A shrunken Thomson, the former manufacturer of RCA
televisions, is vacating a landmark office building at its Carmel headquarters to make way for St. Vincent Health, the parent
company of a growing chain of Indiana hospitals.
Indiana households, businesses and governments spent more than $33 billion on health care products and services in 2004. We don’t have current data yet, but you can be sure the amount is higher today. That’s because growth in health care expenditures in the state has averaged a whopping 8.6 percent per year since 1980. In 2004, spending on hospital care, physician services, prescription drugs, nursing homes, and every other kind of health care product or service gobbled up 14.4 percent…
Bully: “a blustering browbeating person; especially: one habitually cruel to others who are weaker” (Merriam-Webster’s On-line Dictionary). I don’t want to overstate the case, but much of the news lately has been about bullies. Without any psychological qualifications, I see bullies as those who view themselves as weak persons or victims of abuse. They then use intimidation or violence to compensate for the injustice and indignity they perceive being imposed on them. The Virginia Tech massacre appears to have been…
The winning bidder for a prime piece of state-owned land on the west side of downtown hopes to break ground later this year on a residential and retail complex. The project would replace a shabby parking lot on a triangle-shaped block that is now anchored by The Bourbon Street Distillery and Musicians’ Repair & Sales. The U-shaped, 0.75-acre property at 340 N. Capitol Ave. touches Indiana Avenue, Capitol Avenue and Vermont Street. The development likely would include condos above a…
