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Nashville, the Brown County community that depends heavily on tourism for its economic vitality, has seen restaurant sales fall for two years after having posted 19 years of gradual growth, according to the Brown County Democrat, citing data from the 1 percent food and beverage tax. Restaurant, hotel and shop owners blame the reversal on […]
A Parkinson’s disease medication originally developed and sold by Eli Lilly and Co. has been voluntarily pulled from the U.S. market after the Food and Drug Administration reviewed new information that associates it with heart problems. Pergolide, which Lilly sold under the Permax brand, has been licensed to the Aliso Viejo, Calif., drugmaker Valeant Pharmaceuticals […]
The Alliance Steering Committee, a loose organization of neighbors of Crown Hill Cemetery that opposed redeveloping a section of the historic property, is meeting this afternoon with nature groups that are interested in buying the parcel. One alliance leader, Butler University biology professor Tom Dolan said at least eight entities are showing interest in the […]
Indianapolis-based Roche Diagnostics has acquired a firm that develops genome-sequencing systems, the company announced today. Roche Diagnostics’ parent, Switzerland-based Roche, paid $140 million in cash to scoop up 454 Life Sciences, a subsidiary of Connecticut-based CuraGen Corp. Roche Diagnostics, which already distributes 454 Life Sciences’ genome sequencing systems, now gets access to any future generations […]
Rev. Al Green, a Rock and Roll Hall of Famer and Grammy lifetime achievement award winner, will anchor this year’s Indy Jazz Fest, organizers will announce tonight at a party at the Jazz Kitchen in Broad Ripple. The Ninth Annual Indy Jazz Fest’s lineup, scheduled June 15-17 at Military Park downtown, also includes Bela Fleck, […]
Rev. Al Green, the Rock and Roll Hall of Famer and Grammy lifetime achievement award winner, will anchor this year’s Indy Jazz Fest, organizers will announce tonight at a party at the Jazz Kitchen in Broad Ripple. The Ninth Annual Indy Jazz Fest’s lineup, scheduled June 15-17 at Military Park downtown, also includes Béla Fleck, […]
Carmel-based Maaguzi LLC, a maker of software for clinical researchers, plans to relocate its North Carolina operations to an undetermined location in central Indiana. The expansion would add 42 high-tech jobs through 2009. The company will produce and host its Internet-driven clinical trial data management system in the new location. Maaguzi’s lease at 11711 N. […]
Arcelor Mittal, the world’s largest steelmaker, and No. 2 Nippon Steel agreed Sunday to double capacity of their U.S. joint venture, according to the Post-Tribune of Merrillville, quoting the Japanese business daily Nikkei. Arcelor, headquartered in Luxembourg, and Japan-based Nippon plan to spend $254 million on the expansion. The companies make cold-rolled and galvanized steel […]
Henry County in eastern Indiana has been chosen for a $180 million ethanol plant that will employ about 50 workers. Blue River Ethanol LLC will produce 100 million gallons a year at the site when it begins operating in 2009. The location near Mount Summit is next to a Norfolk Southern Corp. railroad that will […]
In his decision to toss out a lawsuit against former top executives of IPALCO Enterprises Inc., U.S. District Judge David Hamilton said a confluence of circumstances faced by the executives persuaded him that they were reluctant to sell the company. The industry was consolidating rapidly and deregulation loomed in California and other states. Both trends […]
Eli Lilly and Co. weighed in against a proposed constitutional amendment to ban same-sex marriage in Indiana in a letter sent to Speaker of the House B. Patrick Bauer, D-South Bend. Lilly joined three other major Indiana employers that have voiced opposition to the amendment. Representatives of Cummins Inc. and WellPoint Inc. testified before a […]
A federal judge this morning threw out a five-year-old lawsuit charging that top executives of IPALCO Enterprises Inc. breached their fiduciary duty to investors when they agreed to sell the company to Virginia-based AES Corp. in 2000. Many executives sold their stock before the sale closed in 2001 and AES shares began a prolonged slide. […]
Shareholders of Carmel-based Adesa Inc. today approved the auto auction’s $3.7 billion acquisition by Kar Acquisition Inc., which is owned by Kelso & Co.; GS Capital Partners, an affiliate of Goldman Sachs; ValueAct Capital and Parthenon Capital. The price of $27.85 per share was a premium of about 10 percent over the value of Adesa […]
Indianapolis-based accounting firm Clifton Gunderson LLP has acquired Chavarria Dunne and Lamey LLC of Albuquerque for an undisclosed price. The New Mexico accounting firm’s 100 employees will remain at their current location. Clifton Gunderson is the 10th largest accounting firm in the Indianapolis area, according to IBJ research.
Hoosiers saw per-capita personal income rise 4.3 percent in 2006, but the increase lagged behind the 5.2 percent gain of the U.S. and marked the second year in a row in which the state ranked 33rd in growth. The figure increased to $32,526 in Indiana while Americans as a whole saw their incomes rise to […]
Prospects of losing about $675,000 in county option income taxes convinced Boone County commissioners yesterday to sue Whitestown to slow the town’s planned annexation of 3,918 acres. It’s the fourth annexation-related suit to emerge in the county northwest of Indianapolis, according to The Daily Sun of Lebanon. Whitestown and Brenwick Associates separately sued the commissioners […]
Karl Schmidt Unisia Inc. of Marinette, Wis., plans to eliminate 140 jobs at its Fort Wayne piston-making plant after losing a contract with Ford Motor Co., according to The Journal Gazette. Only 100 workers will survive the cutback. More than 300 other union positions have been slashed in recent years as production was moved elsewhere.
A group that says it has lined up private financing to build a monorail linking East Chicago and Indianapolis pitched the idea to a several lawmakers Monday, according to The Times of Munster. The suspended monorail could be built on abandoned rail lines and be powered by motors that draw electricity from solar collectors and […]
IndyGo tomorrow plans to reveal details of an express bus route between downtown and Fishers, starting late this summer or early fall. In Fishers, the bus will stop at 106th Street and Lantern Road, at Eastern Star Church. It likely will proceed down Binford Boulevard and make stops at a handful of downtown locations, Indianapolis […]
Aearo Co., the northwest-side maker of earplugs and specialty composites, plans to add an earplug manufacturing line that would create 48 jobs at an average wage of nearly $18 an hour, according to the city and Indy Partnership. The company, which operates as E-A-R Composites, also plans to add office space and a 12,000-square-foot acoustical […]
