Struggling Greenwood biotech firm finds buyer
Elona Biotechnologies Inc., which has been struggling to repay Greenwood for more than $8 million in economic development incentives, says it has solution to its financial problems.
IBJ Staff
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QUICK HITS: More people visit Philly than Indy despite similar tourism budgets
Philadelphia offers strong historical draws and a plethora of downtown restaurants.
Cummins’ earnings, revenue fall on weaker demand
Engine maker Cummins Inc. saw profit sink 30 percent in the fourth quarter as demand for its products fell in both domestic and international markets. Full-year profit and revenue also fell.
Local tool supplier plans to expand, add 20 jobs
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing and equipping a 27,000-square-foot facility.
Renamed Carmel financing firm planning big growth
Dealer Services Corp. in Carmel has begun operating as NextGear Capital after being acquired by Atlanta-based Manheim Inc. NextGear plans to relocate in the next month and double its employment, to 450, in the next year.
City may borrow to pay Bisard litigants
Bond issue might cover $2.3 million owed to two people injured in 2010 crash involving officer.
EDITORIAL: Legislature isn’t in protection game
Try as we might, we just don't get it. Oh, we understand why liquor store owners don't want Indiana lawmakers to lift long-standing restrictions on Sunday alcohol sales. There's little doubt the state's ban on most carryout sales helps them manage costs and stave off competition from big-box retailers. They admit as much (among other rationale).
PROXY CORNER: Hurco Cos. Inc.
Indianapolis-based Hurco Cos. Inc.designs and produces interactive computer controls for the metal cutting and metal forming industry.
New Indy soccer team tops 1,500 season tickets
Organizers of the team say they’ve received deposits for 1,500 season tickets just two weeks after local developer Ersal Ozdemir unveiled his plans to launch the minor league squad.
Zimmer’s earnings slip, but beat expectations
Fourth-quarter profit fell 2 percent at Zimmer Holdings Inc. due to large accounting charges, but still beat the estimates of Wall Street analysts.
Baldwin & Lyons reports lower quarterly, annual profit
The Indianapolis-based transportation industry insurer attributed the lower earnings to smaller investment gains. Excluding investments, quarterly profit increased due to fewer storm losses.
Duke Realty earnings, revenue see quarterly decrease
Indianapolis-based Duke Realty Corp. on Wednesday reported a fourth-quarter loss of $22.5 million, a sharp decline from the $60.2 million it made in the same quarter of 2011.
House panel backs mass-transit funding referendum
A legislative committee on Wednesday overwhelmingly approved a bill that would let local voters decide whether to fund a $1.3 billion mass transit system in the Indianapolis area.
Life sciences consultancy plans to expand, add 38 jobs
Indianapolis-based Pearl Pathways, founded by two former Eli Lilly employees, plans to move into new space in March and add the jobs by 2016.
Council OKs tax hikes on tickets, car rentals
The Indianapolis City-County Council on Monday night approved tax hikes to admissions to downtown events and on rental cars.
Racinos ask permission to use mobile devices for gambling
The Indiana Gaming Commission might allow the use of casino issued iPads for gambling on casino premises.
Airport refreshing art offerings
A new feature is being added to the controversial LED screen installed more than a year ago, and the concourses will get new non-video art.
Maker of app that helps not-for-profits gets seed funding
Cause.it, founded by students from I.U. and Purdue, was awarded $500,000 by Innovate Indiana.