Merck’s exit pushes Endocyte shares lower
Shares of Endocyte Inc. skidded 15 percent Wednesday after industry giant Merck & Co. Inc. decided it would give up on developing Endocyte cancer drug vintafolide.
IBJ Staff
Articles
Washington Prime buys Clay Terrace stake from Lauth
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
Emmis acquires majority stake in software firm
Emmis Communications Corp. said Monday that it acquired a controlling interest in Indianapolis-based pricing software firm Digonex Technologies Inc. in a deal worth about $5 million.
Existing home sales continue dismaying trend
Figures for May add to evidence that about 14 percent fewer homes are selling this year in the nine-county area compared with the same point in 2013. But sale prices still are on the rise.
East Coast firm snags long-time ExactTarget exec
The man who steered ExactTarget Inc.’s sales as they surged from $3 million to $110 million has taken a top job at a New York document-management company.
NFP of NOTE: Fletcher Place Community Center Inc.
Fletcher Place Community Center eases the suffering of persons who are homeless or living in our southeast-side service area through the compassion of Jesus Christ, as shown by our volunteers, donors and staff.
EDITORIAL: Indianapolis Public Schools must rebuild trust
If any local organization needs the public’s trust, it’s Indianapolis Public Schools, considering the challenges the district faces educating often-disadvantaged students.
Former CEO sentenced for federal tax evasion
Joseph C. Scott, 54, the former CEO at KSM Profit Advisors LLC, was convicted of underreporting his income taxes from 2005 to 2009, resulting in unpaid taxes of nearly $600,000.
Ponzi scheme leader gets 10 years in prison
Rudolf “Rudi” Pameijer, a former Johnson County insurance agent who pleaded guilty to scamming $1.8 million from two dozen investors, was sentenced Monday to 18 years in prison, with eight of those years suspended.
Calumet acquires $25M stake in Louisiana plant
Calumet Specialty Products Partners LP plans to spend $25 million acquiring a 22-percent stake in a gas-to-liquids plant in Louisiana.
North Central grad returns to anchor WTHR weekend news
Naomi Pescovitz will helm the Saturday and Sunday editions of “News Sunrise,” beginning July 9.
PROXY CORNER: Cummins Inc.
Columbus, Ind.-based Cummins Inc. designs and manufactures diesel engines for automotive and industrial markets. It also provides filtration, exhaust and electronics systems, natural gas engines and engine components.
IU taps chamber executive to lead public-policy institute
R. Mark Lawrance is scheduled to take over as head of the Indiana University Public Policy Institute.in July, succeeding John Krauss, who is retiring.
EDITORIAL: Students need more advice
If you’re not certain whether a school counselor’s primary duty is to review college-application letters, work with troubled students, or proctor AP testing, you’re not alone.
Indy lands Big Ten championships through 2022
Football will stay at Lucas Oil Stadium, and basketball will alternate with Chicago. The move allays suspicion that the conference intended to shift championship play to East Coast venues.
Jury convicts Fishers man on 10 counts of fraud
Hrond Arman Gasparian, 67, was involved in two separate but related schemes, according to prosecutors. One involved stealing $400,000 from an Indianapolis church.