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Pharmacy benefits manager Medco Health Solutions Inc. said today that new clients and increased use of higher-margin generic drugs boosted its profit in the first quarter, with results exceeding Wall Street’s expectations. Medco, based in Franklin Lakes, N.J., is building a $140 million automated pharmacy in Boone County that is expected to employ 1,300 people […]
A few quick reviews that couldn’t fit into the print IBJ:
–If you liked the chandelier in “Phantom of the Opera,” and the helicopter in “Miss Saigon,” you may love the title car in “Chitty Chitty Bang Bang,” which is parked…
When Ed Pegler was laid off from his highway construction job four months ago, the 47-year-old father of two didn’t know when he’d be back to work. Then the phone rang. There was a job, paid for by the federal stimulus law. It’s a story the White House hopes to repeat 3.5 million times, to […]
Venture capital is flowing a bit more to Indiana and Midwest life sciences companies, according to data released this week. But it’s still nowhere near the record levels of two years ago. Four Indiana firms attracted nearly $9 million in the first three months of 2009, up from just one firm that attracted $6.25 million […]
State legislators seem willing to give Indianapolis officials the power to raise several local taxes to help fund the city’s troubled stadiums agency. That plan, though, would force Mayor Greg Ballard to take some of the heat for increasing any of those taxes – and the task of persuading the Indianapolis Colts and Indiana Pacers […]
The state’s largest school district is cutting 300 teaching jobs in an effort to save about $25 million. The Indianapolis Public School Board voted last night to also cut 40 non-teaching jobs and move others into lower-paying positions. The district plans to use federal stimulus money to keep about 200 of the laid-off teachers as […]
Herff Jones Inc., an Indianapolis-based company known for selling high school rings, yearbooks and other educational products, is now in the business of making championship rings for major sports teams. The company announced yesterday that it has acquired Masters of Design, an Attleboro, Mass.-based jewelry company with 75 employees. Herff Jones paid an undisclosed sum […]
Every day, we get more bad economic news. While I’m not smart enough to know when the global economy will rebound or how strong the rebound will be, I do believe central Indiana and the Midwest are well-positioned to lead the recovery. Why? Well, I can’t be lieve I’m making this argument, but our low […]
Negotiators for House Democrats and Senate Republicans have reached a tentative compromise on a plan designed to start fixing Indiana’s bankrupt unemployment insurance fund, but remained at an impasse today on a new state budget. Lawmakers were scrambling to finish business before tomorrow’s midnight deadline for adjourning the regular session. Although negotiations continued on several […]
The Indy Racing League TV ratings took a step back at Kansas this past Sunday. After posting TV viewership gains for the Long Beach race April 19, the IRL earned a .15 rating…
First Internet Bancorp, the parent of First Internet Bank of Indiana, today reported its first quarterly loss in eight years as borrowers continue to struggle to repay their loans. The Indianapolis-based bank posted a loss of $209,445 in the first quarter, compared with profit of $369,939 in the same quarter a year ago. Revenue increased […]
A young adult from northern Indiana has the state’s first confirmed case of swine flu, but the state health commissioner says the person is “doing well.” Health Commissioner Judy Monroe said today the person was a young adult from northern Indiana, but released no other details. She said that the ill person had not recently […]
First Internet Bancorp, the parent of First Internet Bank of Indiana, today reported its first quarterly loss in eight years as borrowers continue to struggle to repay their loans. The Indianapolis-based bank posted a loss of $209,445 in the first quarter, compared with profit of $369,939 in the same quarter a year ago. Revenue increased […]
The Indiana health commissioner said this morning that one swine flu case has been confirmed in the state and that the person is “doing well.” Commissioner Judy Monroe said the person was a young adult from northern Indiana, but she released no other details or how the person might have acquired the illness. She said […]
More than 300 Indianapolis Public Schools employees might lose their jobs and as many as six schools could be closed when the school board votes tonight on a plan to address the district’s $25 million budget shortfall. A proposal would reduce IPS staff by about 300 teachers, while shuffling 60 administrators. The meeting is set […]
Indianapolis Mayor Greg Ballard is hosting a re-entry service program today for ex-offenders. At least 112 service providers are registered for the event. The program will allow organizations to share information about job opportunities with ex-offenders who seek employment. It’s being held at the Indianapolis Training Center, 2820 N. Meridian St., and runs until 3 […]
The Indy Racing League is taking a serious look at holding a race in China as early as 2011. Series officials said there are several good reasons why the league may want to…
This morning, the Supreme Court said in another of its 5-4 decisions that the federal government has authority
to regulate occasional instances of profanity on broadcast television and radio, called â??fleeting expletives.â??
But the high court also ordered a…
It happened again on Sunday.
During an intensely delicate — and totally silent — moment in the Indiana Repertory Theatre’s production of “Rabbit Hole,” an audience member opted to unwrap a piece of candy. Not a get-it-over-with unwrapping, this process took…
The spring selling season is traditionally one of the busiest for area real estate agents, but this year brokers say they’re confronting a new challenge: buyers’ emotions. With the economy in a slump, agents say today’s homebuyers are often protracting negotiations, making extreme low-ball bids and pushing for major repairs and improvements before they’ll sign […]
