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ECONOMIC ANALYSIS: From economic perspective, immigration bill misguided

Few issues garner as much vitriol as the debate over illegal immigration. The dimensions of the debate are wide-ranging, but as with most aspects of public policy, they are heavily influenced by economic issues. Indiana has embarked on an immigration debate, so a bit of economics might be helpful. First, according to the most reliable recent data, Indiana is underrepresented by illegal immigrants compared with neighboring states. I have seen estimates of immigrants in Indiana of between 45,000 to more…

Brightpoint aims to stay ahead of wireless pack: Phone distributor looks to focus on add-on devices

If Brightpoint Inc. wants to keep its place at the top of the cell phone distribution business, its leaders know they can’t expect to rest on their laurels. That’s why the Plainfield-based company hired mobile industry veteran Bashar Nejdawi to spearhead an effort to expand Brightpoint’s so-called mobile enhancement business, selling add-ons that enhance a phone’s functionality, such as hands-free devices, battery chargers, phone cases and software. The company already offers such accessories, but has not seen substantial success outside…

New use may boost Lilly drug: Cymbalta could be next treatment for controversial illness fibromyalgia

It could be another Prozac moment. Eli Lilly and Co. is pitching its next star antidepressant drug, Cymbalta, for approval to treat the poorly understood pain of fibromyalgia. Regulators OK’d a drug specifically for fibromyalgia for the first time in June. The approval of Pfizer Inc.’s Lyrica sparked hope in fibromyalgia patients and advocates that more doctors will come to understand and diagnose the tricky condition, now that they have a medicine to treat it. That’s what happened 20 years…

Lilly expects FDA approval of long-acting version of Zyprexa

Eli Lilly and Co. hopes to extend the life of its best-seller Zyprexa with a potentially lucrative, long-acting form of the antipsychotic drug. But first, the Indianapolis-based drugmaker must win over a panel of medical experts convened by the U.S. Food and Drug Administration on Feb. 6.

VOICES FROM THE INDUSTRY: More businesses can benefit from a doctor in the house

Fifty years ago, a sick or injured worker in a manufacturing plant did not have to leave work to get care-the worker simply went to the plant clinic and saw the company doctor. Today, the idea of the company clinic is making a come back, but with a new emphasis on wellness and prevention. health recommendations and concerns. In some cases, these routine visits can lead to the discovery of potentially serious conditions that might have otherwise gone unnoticed and…

RETURN ON TECHNOLOGY: Is technostress threatening your employees?

As I watched someone write an actual paper check in a checkout line one day, I saw one reason why a lot of companies have turnover problems. I pay for almost everything with cash or with plastic. Both are very fast, so when somebody is methodically writing out a check, it gives me just enough time to stew over how slow he is. When I use my card, I can swipe it with a practiced flick, tap a few keys,…

Throttling up for big job cuts at Rolls-Royce?: Local impact of international job reductions isn’t clear

The more than 4,000 employees at the region’s second-largest manufacturer are waiting to learn whether some will lose their jobs. Rolls-Royce Group PLC plans to cut up to 2,300 U.S. and European positions. The British aerospace company on Jan. 11 said it plans to slash its work force by almost 6 percent among managerial, professional and clerical ranks. It blames rising raw material costs and the declining value of the U.S. dollar. First-half 2007 profits of $600 million were roughly…

SPORTS: NFL retirees want to help banged up brethren

Before Bob Sanders, the last strong safety wearing a Colts uniform to achieve Pro Bowl status was Bruce Laird. Laird played from 1972 through 1981 for the Baltimore Colts, then closed out his career in 1983 with the San Diego Chargers. Like Sanders, Laird was known for “laying the wood” to opposing players. Translation: He was a hard hitter. These days, he still feels those tackles. “I felt great until I was 47, then, all of a sudden, nothing worked,”…

Dispute breaks out between Community, insurer

A contract dispute between health insurer UnitedHealthcare and hospital system Community Health Network could upset coverage for thousands of Hoosiers. The two organizations are still in “active negotiations” and are “optimistic that a mutually beneficial agreement can be reached,” according to a joint statement they issued late Friday afternoon. The statement said UnitedHealthcare’s contract with […]

Deal’s dead for race track

The deal to sell O’Reilly Raceway Park in Clermont is dead, and racing insiders said the opportunity to raise the local facility’s profile even higher might have died with it. Some within the racing community felt the suitor, a Santa…

BREAKING: Drag strip deal blows up

The deal for the National Hot Rod Association to sell assets including O’Reilly Raceway Park in Clermont is dead. Glendora, Calif.-based NHRA had said in May that it would sell O’Reilly Raceway Park and other professional racing assets to HD Partners Acquisition Corp., a Santa Monica, Calif.-based investment group led by the developer of DirectTV. […]

Retail woes continue with Cabela’s

Banking on the regional draw of outdoor retail giant Cabela’s, developers have been planning more than 100 acres of hotels, a water park, restaurants and other retail space for the southwest corner of…

Cabela’s stops Greenwood project

Rocky fourth-quarter sales and a bleak economic outlook have led outdoors retailer Cabela’s to put several planned superstores on hold, including one slated for Greenwood. The Nebraska-based company on Wednesday warned that its fourth-quarter earnings would fall short of expectations, thanks to a “challenging retail environment.” Cabela‘s forecast a same-store sales drop of 5.9 percent. The Greenwood store, planned […]

FFA UPDATE: Indianapolis, Louisville ‘dead-even’

Indianapolis and Louisville are the sole finalists to host the National FFA convention from 2013 to 2019, the Indianapolis-based organization said this morning. One-time frontrunners Minneapolis and Kansas City, Mo., have been eliminated from the competition. “Right now, it’s a dead-even process,” said spokeswoman Julie Adams. Indianapolis has hosted the gathering since 2006, and the […]

Adding to the life science corridor

For years, dreamers have envisioned a life sciences crescent stretching from West Lafayette down Interstate
65 to Indianapolis, then along State Road 37 to Bloomington.

The thinking was, this corridor would take advantage of Indiana and Purdue universities and IUPUI as…

Houston to bid for 2012 Super Bowl

Houston will be bidding on the 2012 Super Bowl, the Texans said Wednesday. Reliant Stadium is the best venue in the league for the big game, the team said. Houston opened its new stadium, with a maximum seating capacity of just more than 72,000, in 2002. It hosted a Super Bowl in 2004. “In terms […]

Simon posts strong quarter, stock rises

Indianapolis-based shopping mall owner Simon Property Group’s fourth-quarter funds from operations increased 12.7 percent, to $507.7 million, the company said today, despite writing off a loss on an Arizona development. Funds from operations, which excludes depreciation and land sales, is a common measure of real estate investment trusts like Simon. Simon’s $1.76-per-share results surpassed the […]

Another RV maker announces layoff

The slowing economy has prompted Newmar Corp. in the northern Indiana town of Nappanee to announce that it will lay off 118 of its 905 workers, according to the South Bend Tribune. Newmar makes motorhomes and fifth wheel recreational vehicles. Other RV companies announcing layoffs recent in the Elkhart area include Travel Supreme and Monaco […]

Boone visionaries foresee biotech hotbed

Economic development leaders in Boone County hope to capitalize on Lebanon’s location mid-way between Indianapolis and Purdue University to attract biotechnology firms. Supporters are starting a committee to look into the possibility and a consultant is discussing the notion with universities, according to The Lebanon Reporter. The idea was sparked by engineers and doctors meeting […]