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East Coast blizzard affecting local airport

December 27, 2010

Dozens of flights from Indianapolis were canceled this morning as a winter storm drops up to 20 inches of snow along the East Coast. Other flights have been delayed. Flights to everywhere from Maine to Georgia are being affected as the airlines change plane routes to keep them away from the storm. The three New York-area airports that have been shut down are expected to open late this afternoon. Airport officials think more passengers will start passing through Indianapolis International here when those facilities reopen.

Woman shot point-blank in the face

December 27, 2010

Police in Lawrence are searching for a man who they said kicked in a chained apartment door and shot a woman in the face Sunday night. The 23-year-old victim was shot three to four times in the face, chest and leg, police said. Her 20-year-old sister, who also lives in the Kingsmead Way apartment, jumped from the third-floor balcony to get away. She sprained her ankles during the jump. Both women were taken to Methodist Hospital to be treated for their injuries.

You-review-it Monday: Xmas edition

December 27, 2010

So did you break away for a holiday movie? Catch “Joseph” at Civic? Settle in front of the TV?

State’s big polluters spewed less last year

December 27, 2010

EPA data show an 18 percent decrease in toxic emissions among big manufacturers and electric utilities, but it’s unclear to what degree better practices—or the slow economy—had on declining levels.

Muncie locomotive plant looking for new hires

December 27, 2010

A division of Caterpillar that plans to employ 650 people at a diesel-electric railroad locomotive plant in Muncie is looking for workers.

Cheap concert seats due after cruel summer of 2010

December 27, 2010

This was a tough year for the concert business nationwide as high prices kept many fans at home. Promoters now say they plan to make shows more affordable in 2011. But they'll also try to sell more T-shirts and other merchandise to make up for lost revenue.

Southern Indiana ethanol plant starts after long halt on work

December 27, 2010

Aventine Renewable Energy is ramping up production at an ethanol plant in southwestern Indiana that is now operating after construction work was halted for more than a year.

ITT Educational OKs bonuses to keep managers in place

December 27, 2010

Carmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company until the end of June, ITT disclosed in a regulatory filing last week.

ICVA nearing hotel room-reservation target for 2010

December 27, 2010

As of mid-December, the Indianapolis Convention & Visitors Association had hit about 93 percent of its 2010 goal of booking 650,000 room nights for future conventions. The group is stepping up its efforts to meet the demands of the new JW Marriott hotel and convention center expansion.

Ivy Tech gaining closed Indiana State Police post

December 27, 2010

Ivy Tech officials say the state is in the final steps of transferring the Terre Haute property’s title to the statewide college system. The no-cost transaction is expected to be completed after Jan. 1.

ISU set to create new biz school in old federal building

December 27, 2010

Indiana State University’s Board of Trustees has voted to seek state approval for selling $9 million in bonds for the project in Terre Haute, with $10 million in private gifts expected to cover the rest of the cost.

New tax law packed with gifts for businesses

December 24, 2010

Millions of homeowners, however, might feel like they got a lump of coal. Homeowners who don’t itemize their deductions will lose a tax break for paying local property taxes.

12 arts days of Xmas: Day 12

December 24, 2010

For great last minute gifts, consider a pair of tickets to your favorite performing arts group.

12 arts days of Xmas: Days 11

December 24, 2010

Giving the gift of original art.

New company taking over troubled Standard Life

December 24, 2010

State Insurance Commissioner Stephen Robertson said agreements have been reached for the $1.7 billion in policies and financial obligations of Carmel-based Standard Life Insurance Co. to be assumed by Guggenheim Life and Annuity Co.

Christmas Eve dash caps banner shopping season

December 24, 2010

A strong Christmas Eve would round out a surprisingly successful holiday season for retailers. The National Retail Federation predicts that holiday sales will reach $451.5 billion this year, up 3.3 percent over last year.

Toyota adding full-time jobs at Princeton plant

December 24, 2010

The 53 production positions will be filled by current temporary workers at the southern Indiana plant, as the carmaker anticipates continued strong sales.

People

December 23, 2010

Centerstone of Indiana, a Columbus, Ind.-based provider of mental health care, named Suzanne Koesel its new CEO as of Jan. 1. She will replace Bob Williams, who is taking the new role of chief strategy officer to focus on responding to health care reform and other changes affecting the organization. Centerstone of Indiana, which has nearly 800 employees in more than 60 facilities across 17 central southern Indiana counties, serves more than 20,000 individuals and families each year. Koesel has been Centerstone of Indiana’s chief operating officer. She holds degrees in social work from Indiana University and Washington University. Centerstone of Indiana is a subsidiary of Tennessee-based Centerstone of America.

Bloomington-based Cook Medical Inc. promoted Rob Dorocke to vice president of global e-communications. Dorocke, an Indiana University graduate, joined the Cook organization in 1997.

Company news

December 23, 2010

It’s back to reality for Bioanalytical Systems Inc. After its stock price soared 135 percent in three trading days, the stock started falling back to earth—helped in no small part by the company’s underwhelming earnings report. The West Lafayette-based firm said revenue dipped 13 percent, to $7.4 million, in its fiscal fourth quarter compared to the same period a year ago. Its loss narrowed to $300,000 in the quarter, compared to a loss of $1.4 million in the same period last year. The company sells testing equipment and services to pharmaceutical firms, which have been retrenching the past two years. “The revenue decline in fiscal 2010 stems mainly from study delays, price declines and spending reductions by our customers as part of their overall cost-savings initiatives,” Bioanalytical officials noted in a statement. But the company’s business accelerated in the second half of its fiscal year, causing CEO Anthony Chilton to give an upbeat outlook for 2011.

Eli Lilly and Co. and Amylin Pharmaceuticals Inc. have asked the U.S. Food and Drug Administration to approve their diabetes medicine Byetta for use in combination with basal insulin, which diabetics take in between meals to control their blood sugar. The companies would like to reignite Byetta sales, which have slumped since 2008, when the FDA publicized cases of pancreatitis among patients taking the drug. Indianapolis-based Lilly and San Diego-based Amylin tried to win approval this year for a once-weekly version of Byetta, called Bydureon, but the FDA asked for more tests, delaying the drug’s approval until 2012.

BioCrossroads’ Indiana Seed Fund invested $250,000 in Indianapolis-based Aarden Pharmaceuticals. Aarden’s leading drug program focuses on tuberculosis. The company’s product is based on research by Zhong-Zin Zhang, a professor and chairman of biochemistry and molecular biology at the Indiana University School of Medicine. Zhang is an expert in protein tyrosine phosphates, a group of signaling enzymes that regulate cellular processes. His research was funded through Lilly Endowment’s Indiana Genomics Initiative. The company decided last year to establish its headquarters here, selecting Indianapolis over San Diego.

Clarian Health physicians will now provide cardiac services to patients at Columbus Regional Hospital facilities under a new affiliation. The agreement ensures Columbus Regional has full-time availability of heart surgeons, in additional to the interventional cardiology care provided by Indiana Heart Physicians-Columbus. Columbus Regional has offered 24-7 heart surgery since 2002. In 2011, Clarian will change its name to Indiana University Health.

CNO Financial Group Inc. got a financial strength upgrade from A.M. Best Co., the pre-eminent rating agency for insurance companies. New Jersey-based Best boosted its grade on Carmel-based CNO from B (fair) to B+ (good), crediting CNO with focusing more on business lines where it has a clear competitive advantage and its recent financial restructurings. CNO, which was formerly called Conseco, sells life and health policies to middle-income families.

Warsaw-based Zimmer Holdings Inc. acquired Sodem Diffusion S.A., a Switzerland-based maker of orthopedic surgical power tools. The company will be merged into Zimmer Surgical, a unit based in Dover, Ohio. Zimmer has been trying to diversify its business as sales of its hip and knee implants have stagnated in western markets.

Group questions growth of pharmacy schools

December 23, 2010

Two weeks before Manchester College announced a $35 million gift to help open a pharmacy school, a national trade group suggested there are too many pharmacy schools already.

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