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Indiana fireworks bans hitting dealers hard

Fireworks retailers around Indiana say their sales have taken a big hit from the fireworks bans being put in place because of the state's drought conditions.

UPDATE: BrightPoint sale follows tough stretch for firm

Given the soft cell phone market and Brightpoint’s recent struggles, a sale to California-based Ingram Micro for about $840 million makes sense, analysts say. The two companies announced the acquisition early Monday morning.

IndyCar seeks presenting sponsor, bigger schedule

IndyCar Series officials have approached two of its existing sponsors, Verizon Wireless and Firestone, about becoming the open-wheel race series’ presenting sponsor, a deal motorsports business experts said could be worth $3 million annually.

Drought sets records for Indianapolis, Evansville

Last month was the driest June on record for Indianapolis and Evansville, the National Weather Service says. Weather service figures show both cities received less than half as much rain as their previous records.

Indiana GOP loses big gun Daniels ahead of elections

One of the biggest surprises of the announcement that Gov. Mitch Daniels would take over as Purdue University president in January was his pledge to stop campaigning and commenting on politics until then.

Bristol-Myers to buy former Lilly partner Amylin for $5.3B

Bristol-Myers Squibb Co. has agreed to pay $5.3 billion to acquire former Eli Lilly and Co. partner Amylin Pharmaceuticals Inc., a maker of diabetes therapies. The deal is valued at about $7 billion, which includes Amylin’s debt and a payment to Eli Lilly and Co. of about $1.7 billion.

One teacher quits, 5 suspended in Indy district

An Indianapolis school district said Friday it suspended five teachers and another resigned amid an investigation into cheating on a state standardized biology exam at one of Indiana's largest high schools.

Company news

Covance Inc. is seeking state and local tax incentives as part of a $150 million expansion that would create 465 jobs at its Greenfield operations, nearly doubling the number of employees there. The proposed expansion would occur over the next four years and include the construction of a new laboratory, the renovation of existing buildings, and the hiring of administrative and laboratory personnel, according to the Daily Reporter in Greenfield. Princeton, N.J.-based Covance, a pharmaceutical research company, acquired Greenfield Labs from Eli Lilly and Co. in October 2008 for $50 million and a 10-year agreement from Lilly to use Covance’s services. At that time, 264 Lilly employees shifted to Covance. The company now employs 565 workers at the site, according to the newspaper. The Hancock County Council is set to hear Covance’s request for incentives July 11. Documents filed with the county show the 465 jobs would add $29 million in salaries with annual pay averaging more than $62,000 per employee, the Daily Reporter said. The company uses the Greenfield Laboratories to conduct early-stage tests of experimental drug molecules, readying them for tests in humans.

Officials from Indiana University Health Arnett broke ground on a facility in West Lafayette last week, according to the Journal and Courier of Lafayette. The new location, housed in a former Kmart store, will add outpatient imaging and expanded laboratory services to IU Health’s existing services in West Lafayette. The $8 million facility also will include an urgent care center with extended hours of operation. Indianapolis-based IU Health operates a full-scale hospital in Lafayette.

Dr. Yang Sun, an assistant professor of ophthalmology at the Glick Eye Institute, received a five-year, $1 million grant from the National Eye Institute to study congenital glaucoma with the hope of discovering new treatments for common forms of glaucoma. “Glaucoma is a leading cause of irreversible blindness in the world, yet the mechanisms of glaucoma development remain poorly understood, and treatments are limited,” Sun said. “I’m hoping to understand the mechanism of inherited congenital glaucoma, in the hopes that this will provide insight and potentially lead to novel treatments for commonly seen forms of glaucoma.”

People

Michael Ryan was named vice president of sales at TriMedx, an Indianapolis-based health care technology management firm. Ryan previously worked for McKesson Medical-Surgical, VWR International and General Electric Corp.’s Healthcare IT division. He is a graduate of the U.S. Military Academy at West Point and also earned master's degrees in business administration and engineering management from Saint Martin’s College in Washington.

Jane Keller was named interim CEO of OrthoIndy after previous CEO John Martin decided to step down from that position to puruse other opportunities. Keller is CEO of the Indiana Orthopaedic Hospital, in which most OrthoIndy physicians have an ownership stake. Keller earned a degree in nursing from Ball State University and an MBA from Butler University.

Q&A

The U.S. Supreme Court’s ruling to uphold the Patient Protection & Affordable Care Act cleared a big cloud of uncertainty for employers, but with just 18 months before the most significant provisions of the law kick in, many questions remain. Three benefits consultants from Indianapolis-based Gregory & Appel Insurance—Bob Miller, Mike Miles and Karl Ahlrichs—sat down to discuss what the future looks like for employer health benefits.