Manufacturing activity sinks to 4-year low
Manufacturing has struggled this year as weak economies abroad have slowed U.S. exports. U.S. businesses have also reduced their pace of investment in areas such as equipment and computer software.
To refine your search through our archives use our Advanced Search
Manufacturing has struggled this year as weak economies abroad have slowed U.S. exports. U.S. businesses have also reduced their pace of investment in areas such as equipment and computer software.
Carmel-based Mainstreet Property Group plans to build a 100-bed “health care resort” on seven acres at 5404 Georgetown Road, according to a tax-abatement request filed with the city. The $9.25-million, 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef, spokeswoman Kate Snedeker said. Seventy of the beds would be for skilled nursing and 30 for assisted-living residents. Mainstreet would lease the property to a third-party operator, which hasn’t been identified. Mainstreet estimates the operator would employ 80 people earning an average $17.30 per hour. Mainstreet is seeking a three-year property-tax abatement that would save the company about $468,000, according to a preliminary resolution that goes before the Metropolitan Development Commission on June 5.
Indiana University and Purdue University joined nine other members of the Big Ten athletic conference June 1 to form the Big Ten Cancer Research Consortium. The schools intend to conduct collaborative clinical trials to develop insights and products to treat cancer. Indianapolis-based cancer research organization Hoosier Oncology Group will serve as administrative headquarters for the consortium. Since 1984, Hoosier Oncology Group has initiated more than 150 clinical trials with more than 4,000 patients. “The advantage of this, particularly during a time of austerity for research, is that we can build upon the strengths of the institutions and fortify some of the shortcomings,” Dr. Patrick Loehrer, director of the IU Melvin and Bren Simon Cancer Center, said in a prepared statement.
Eli Lilly and Co. suffered a setback on one of its attempts to win approval for new indications for its blockbuster lung cancer drug Alimta. The drug did not extend progression-free survival times longer than the old chemotherapy drug paclitaxel when studied in a clinical trial of patients with nonsquamous non-small lung cancer. Paclitaxel, or Taxol, was given to patients with two other chemotherapy agents, carboplatin and bevacizumab. Alimta was given to patients along with carboplatin. Alimta had nearly $2.6 billion in global sales last year, but its rate of growth slowed to just 5 percent. Lilly hoped a new indication would reignite Alimta growth rates, helping it offset revenue Lilly will lose in the next year as patents on its drugs Cymbalta and Evista expire. Alimta, by contrast, has patents that will likely extend its life through 2021.
So did you make it to a concert at the Lawn or Klipsch? Enjoy the Gospel Brunch at the Egyptian Room? Catch “The Screwtape Letters” at Clowes?
KeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property at 540 N. College Ave. The bank says it is owed nearly $1 million.
The second year of a 25-percent tuition discount still hasn't boosted summer semester enrollment at Indiana University's main campus.
Square-jawed news veteran Walt Maciborski will step down from the 5 p.m. newscast on Friday to take a similar gig in his adopted hometown of Austin, Texas.
One job change has led to a series of others in Indiana Gov. Mike Pence's five-month-old administration.
Mounting budget woes and the need to deal with a $68 million deficit could force Ivy Tech Community College to close up to a quarter of its school sites around Indiana, school officials said.
Preliminary designs presented to City Council members last month show 100-foot towers at the northwest and southeast edges of a planned U.S. 31 bridge over State Road 32, a key gateway to Westfield.
Indianapolis International Airport continued a campaign to lure travelers to its parking services with an announcement Monday morning that it will offer a customer rewards program.
Magnetation LLC of Grand Rapids, Minn., plans to invest up to $350 million in Indiana to build a plant at the site of an abandoned VeraSun Energy Corp. ethanol plant in Reynolds,
By one stroke this year, Indiana lawmakers and the new governor vastly improved the public's ability to find out how the show is run at the Statehouse, while in another, top managers at the Indiana Department of Transportation quietly clamped down on what's available.
A playful program of in-the-moment exercises crafted by a Pulitzer Prize winner highlighted an ISO all-American program. Krzysztof Urbanski conducted.
Suzanne Sweeney has decided to stay at the Indiana Repertory Theatre as managing director, a few days before she was supposed to start a new job at the Indianapolis Symphony Orchestra.
The ruling Tuesday from BMV administrative judge Melissa Reynolds says the Indiana Youth Group did violate Indiana law and its contract, but the violation didn’t warrant immediate revocation of the plate.
Muncie and Delaware County plan commission chairman Tom Green urged county officials on Thursday to study the impact of existing Indiana wind farms for at least two years before deciding how to regulate them in Delaware County.
Indiana State Excise Police arrested 52 people on 54 charges Thursday night during the Tim McGraw concert at Klipsch Music Center in Noblesville. All but six of the arrests involved underage drinking. Five adults were charged with providing alcohol to minors.
A burglar who broke into a Johnson County home and injured the homeowner was sentenced Thursday to 45 years in prison. Jeffrey L. Daniel, 40, of Stilesville, was convicted of burglary resulting in bodily injury for the August 2011 crime. Daniel had four prior convictions for burglary and was on parole during the latest crime.
A mother, her two children, ages 5 and 10, and the family dog escaped a house fire without injury early Friday after being alerted by a good Samaritan. The blaze near Indianapolis Motor Speedway broke out about 12:30 a.m. and caused an estimated $30,000 in damage. A person driving by the home noticed smoke, stopped and banged on the door until the mother awoke.
The proposed increase will make Ball State's in-state tuition nearly $9,200 for 2013-14 and about $9,300 the following year.