Articles

Lilly drug royalties spark lawsuit against Princeton

Residents in Princeton, N.J., have sued the municipality and Princeton University, saying the school should lose its tax-exempt status because it shares drug royalties with faculty. The case could have major repercussions for research universities.

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NCAA investment portfolio climbs to $527 million

College sports’ governing body grew its investment portfolio to $527 million for the year ended June 30, with an 11-percent gain in its $304.5 million quasi-endowment and an 8.8-percent return in its $222.5 million operating reserve.

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Kelley School expands executive degree programs

Indiana University’s Kelley School of Business is expanding its certificate programs for executives, combining noncredit webinars, for-credit certificates, and graduate degrees into a single educational program, mostly for corporate clients.

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Cummins plans to add 500 jobs for Nissan engine

Cummins said the 5-liter, V-8 turbo diesel will be built in Indiana at the company's historic plant in downtown Columbus, creating up to 500 jobs over the next several years. About 300 people currently work on the V-8 program.

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Private equity group may bid on Republic subsidiary

Spirit Airlines Inc.’s largest investor, private-equity firm Indigo Partners LLC, is preparing to sell its stake in the discount carrier in what could be preparation to make a bid for Frontier Airlines, a Cowen & Co. analyst said Wednesday.

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