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Sysco terminates planned $3.5B takeover of US Foods

June 29, 2015

Sysco Corp. called off its planned $3.5 billion takeover of US Foods, it announced Monday, after a federal judge blocked the combination. Both companies have large distribution operations in central Indiana.

Renderings updated for spiffy Marott Center addition on Mass Ave

June 29, 2015

Gershman Partners should start construction in the next few months on a four-story addition to the Marott Center at the foot of Mass Ave.

No way out for employers on health benefits

June 29, 2015

Last week’s Supreme Court ruling upholding the tax credits for Obamacare is just the latest in a string of developments that have kept employers from ditching their group health plans, as many predicted they would.

IBJ receives 7 awards in national journalism contest

June 29, 2015

The only newspapers to win more awards than IBJ were Crain’s Chicago Business, Crain’s New York Business and the Los Angeles Business Journal.

Ivy Tech at risk of losing workforce training money

June 29, 2015

Ivy Tech Community College is facing an Aug. 1 deadline to show progress in student success as state officials weigh whether to continue using the college system as a provider for workforce training and education programs.

Citizens Energy seeks another rate hike for water customers

June 27, 2015

The utility, which provides water to about 400,000 homes and businesses in the eight-county Indianapolis area, said average residential bills would rise from $30 per month to $36 if it receives approval for the 20-percent hike.

People

June 26, 2015

Elizabeth Simpson, a dentist, has joined Eskenazi Health as its Grassy Creek location. She received her bachelor’s degree from the University of Notre Dame and her doctor of dental medicine degree from Tufts University School of Dental Medicine in Boston. Larry Meade has been promoted to director of business development for Franciscan Alliance. Meade previously […]

Company news

June 26, 2015

Eli Lilly and Co. got good news and bad news about its top-selling drug, the lung cancer therapy Alimta. According to Bloomberg News, a British court upheld a patent protecting a vitamin regimen administered with the drug and said that patent would be infringed by a generic competitor. Lilly's patent protecting Alimta's chemical makeup expires […]

Durham fails to convince judge to reduce 50-year sentence

June 26, 2015

Convicted Ponzi scheme leader Tim Durham appeared in federal court in Indianapolis for a resentencing hearing Friday afternoon following the September dismissal of two fraud counts by the U.S. Court of Appeals.

REVIEW: Gregory Hancock’s ‘La Casa Azul’

June 26, 2015

For this world premiere, Hancock serves as composer, co-lyricist, costume designer, choreographer, director, and producer. Short of Bugs Bunny playing every position in “Baseball Bugs,” it’s difficult to find examples of a single artist wearing so many hats.

Experts: Indiana crops have taken $300M hit from flooding

June 26, 2015

Agriculture experts say this month's heavy rains and flooding have already reduced the value of Indiana's crops by nearly $300 million and the damage could escalate with more wet weather.

Louisville box-maker plans $6.75M Indy operations center

June 26, 2015

Premier Packaging LLC has purchased a 160,000-square-foot plant on the northwest side and is in the process of renovating and equipping it. Premier intends to hire about 50 workers by 2016.

Indiana groups hail court’s gay-marriage decision

June 26, 2015

Freedom Indiana campaign manager Katie Blair says lesbian, gay, bisexual and transgender residents now need civil rights protections so they can’t be fired or denied services due to their sexual orientation.

State to issue $95M in bonds for Speedway next week

June 26, 2015

The Indianapolis Motor Speedway is getting upgrades including high-definition video displays, Wi-Fi, and refurbished seats and concession stands.

Deep in ‘Cave,’ Lilly CEO decided Alzheimer’s drug’s fate

June 26, 2015

Eli Lilly and Co. is preparing to release data on its experimental Alzheimer’s disease treatment, solanezumab, after years of sometimes positive but often discouraging research.

Gay marriage legalized nationwide by U.S. Supreme Court

June 26, 2015

Same-sex couples have a constitutional right to marry nationwide, the U.S. Supreme Court said Friday in a historic 5-4 ruling.

Records for June 29-July 5, 2015

June 26, 2015

Records for June 29-July 5, 2015.

PROXY CORNER: Remy International Inc.

June 26, 2015

Remy International Inc., 600 Corporation Drive, Pendleton 46064, manufactures starters, alternators and electric motors for vehicles.

Minkler sworn in as U.S. attorney in Indiana’s Southern District

June 26, 2015

Josh Minkler had been serving as acting U.S. attorney after his predecessor, Joe Hogsett, resigned last July to explore running for mayor of Indianapolis.

Acquisition to nearly double OneAmerica’s retirement business

June 26, 2015

OneAmerica’s purchase of the U.S. retirement business of BMO Financial Corp. will add $26 billion in retirement assets to the $30 billion OneAmerica already manages.

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