Celadon reports best 4th quarter in 5 years
Celadon Group Inc. put together its best fourth fiscal quarter since 2006, with earnings doubling over the same period a year ago, to $5.5 million.
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Lawmakers ponder Indiana’s marijuana laws
Legislators have approved medical marijuana in 16 states and the District of Columbia. They have eliminated penalties on small amounts of marijuana in 13 other states.
Health care use trend may temper premium hikes
Consumers may catch a little break when their health insurance policies renew. Lower-than-expected use of health care has helped push insurer earnings higher and that may temper how much they increase premiums.
Crown Royal signs on as Brickyard 400 title sponsor
Sources say the deal is worth about $15 million over five years—a much-needed boost for Indianapolis Motor Speedway officials struggling to stop attendance declines at the NASCAR race.
CNO Financial sees quarterly profit soar, beating expectations
The Carmel-based life and health insurer earned $59.5 million in the three months ended June 30, an increase of 80 percent from the same period a year ago.
Indiana life sciences leaders look toward the future
Former Eli Lilly and Co. vice president Richard Dimarchi, BioCrossroads President David Johnson, angel investor Oscar Moralez and Purdue University Senior Vice President Alan Rebar discuss issues ranging from the depth of the life sciences industry in Indiana to venture capital and Purdue’s Discovery Park.
More life sciences firms opt to launch products in Europe
The U.S. Food and Drug Administration’s growing reputation for unpredictability is spurring some Indianapolis companies to join counterparts elsewhere and introduce products in Europe. The upshot is that some Americans may never benefit from innovations occurring in their backyards.
Work starting on $8.8M center at Crane tech park
Gov. Mitch Daniels joined local officials for a groundbreaking ceremony Wednesday for the $8.8 million center for the WestGate at Crane Technology Park. The 64,000 square-foot, two-story building will include training classrooms and office space.
Feds: Driver to blame for tanker blast
The National Transportation Safety Board on Tuesday said driver error was to blame for the crash of a propane tanker that burst into flames, closing parts of interstates 465 and 69 in Indianapolis in October 2009. The massive explosion occurred after driver Ronald Tobias crashed his tanker, loaded with 9,000 gallons of propane, into an overpass support. Tobias, then 73, and three others were injured in the accident. The incident created traffic issues on the north side for several days while the overpass was examined by engineers and fixed. Police cited Tobias at the time for unsafe lane movement and driving too fast to avoid a collision.
Mother, boyfriend charged with neglect
The mother of a 6-year-old Martinsville boy who was shot to death by his 11-year-old brother was arrested Wednesday morning along with her boyfriend. Amanda Vandagrifft, 28, and Matthew Boulden, 30, both face felony charges of neglect of a dependent in the shooting death of Andrew Frye, 6. Frye's 11-year-old brother is facing murder and criminal recklessness charges for the June 30 incident. Neither Vandagrifft nor Frye were home during the shooting.
Motorcyclist hits SUV, dies
A motorcyclist was killed Tuesday night about 11:15 when he collided with a sport-utility vehicle on the east side of Indianapolis. Police say the SUV was backing up on 21st Street near Spencer Avenue when the cyclist ran into the back of vehicle at about 40 mph. Bobby D. Hubbard, 48, was pronounced dead on the scene. The driver of the SUV and her three passengers were not injured.
Junior Achievement back in black after financial woes
The not-for-profit announced Wednesday morning that it has eliminated nearly $2 million in debt from six different creditors and has launched a fundraising campaign.
Ticket giveaway: Indy Fringe fest overnight VIP package.
Win passes to the August anything-goes theater festival…plus a stay at the Nestle Inn.
Angel investment firm adds 3rd chapter for life sciences
StepStone Business Partners has added a chapter in biotech hotbed Warsaw as part of what it hopes will eventually become a statewide network.
Efroymson hands off leadership at iMOCA
The founder of the museum of contemporary art, who has worked for the organization unpaid since 2009, presided over a move that doubled its size.
Dow AgroSciences reports record sales, higher earnings
Second-quarter revenue for the Indianapolis-based company increased 18 percent, to $1.5 billion. The company attributed the gain to higher prices and stronger demand for its products.
WellPoint profit falls but exceeds Wall Street expectations
Indianapolis-based WellPoint earned $702 million in the latest quarter after earning $722 million a year ago. It also raised its full-year profit forecast.
Also this week
The Indianapolis Symphony Orchestra re-creates “An Evening in Olde Vienna” featuring pianist Grace Fong, July 29-30 at Conner Prairie Amphitheatre. Details here.
Taylor Swift plays Conseco Fieldhouse July 29. Details here (but, warning, its showing as sold out).
Gaelic Storm returns to the Vogue July 28. Details here.
It’s Wiz Khalifa’s turn at the Lawn at White River State Park, Aug. 2. Details here.
Actors Theatre of Indiana offers “Songs We Knew During World War II” at the Indiana History Center, July 28. Details here.
“The Senior Tour,” featuring four veteran stand-up comics, rolls into the Indy Fringe Building July 30. Details here.
ISTA says new teacher contract forms violate state law
The Indiana State Teachers Association is asking a judge to block state education officials from putting new teacher contract forms for the 2011-2012 school year into use.