If Denver-based Ecolonomic Realty Group decides it wants to pursue a $25 million redevelopment of the old Winona Memorial Hospital site and presents a solid proposal, the city is in no position to turn down the tax revenue it would generate.
A panel of five leaders of the state’s life sciences
industry took on a wide range of topics
July 24 at IBJ’s Power Breakfast
at the Westin Indianapolis.
Calumet Specialty Products Partners L.P. this morning reported a loss of $26 million in the second
quarter due to high crude oil prices and flagging product demand.
Indianapolis-based Eli Lilly and Co. today said it is offering buyouts to its U.S. sales force,
with hopes of trimming about 300 sales representatives before a sales restructuring set to begin in January, Reuters reported.
A new public shuttle service got rolling this morning on the near-east side of Indianapolis.Known
as the Near Eastside Orbiter, the 24-passenger shuttle is provided by the John H. Boner Community Center at 2236 E. 10th St.
and completes a 15-mile circular route in about an hour.
Marsh Supermarkets late yesterday issued a mea culpa after it stopped honoring a $10 coupon just
days after introducing the online promotion.
Franklin University of Ohio hired Michael Szakaly to serve as dean of its new Indianapolis campus,
the not-for-profit educator announced today. Szakaly most recently served as the business school dean at Ivy Tech Community
College’s east-central region, which includes Anderson, Marion and Muncie.
White River Capital Inc. today reported its profit in the second quarter fell 33 percent compared
to the same period last year, due primarily to expenses associated with its canceled merger.
The U.S. Senior Open Championship, which wrapped up yesterday, drew a total of 146,915 spectators
to Carmel’s Crooked Stick Golf Club for three days of practice and four days of tournament play.
Republic Airways Holdings says it has completed its acquisition of privately held Midwest Airlines
for $31 million in cash and debt.
Indianapolis-based architectural and engineering firm RW Armstrong will provide design and project management services for the Presidential
Helicopter Squadron, a 65,000-square-foot hangar complex being built at a Marine Corps base in Quantico, Va.
The barter network Tradebank has opened a franchise in Indianapolis with two veterans from Louisville.
Franklin College has a new office that helps Johnson County not-for-profits develop Web sites and recruit volunteers. The
Nonprofit Resource Center was sparked in part by the lack of volunteer coordination during the summer floods of
2008.
Carmel-based Dormir LLC’s announcement July 29 of $12 million in venture financing was the second local life sciences
deal announced in July. It could suggest a turnaround from a woeful second-quarter performance, when Indiana life
sciences firms announced zero venture capital deals.
ChaCha Search, the increasingly popular creation of serial inventor Scott Jones, was bombarded last month
after early reports that Michael Jackson had died.
Indianapolis Colts officials recently announced they signed a deal to make Fair Oaks Farms milk the “official milk” of the team.
The fast-growing locally based electronics retailer HHGregg Inc. has seen its stock price rocket more than 80 percent this year as it moves to take advantage of the bankruptcy liquidation of rival Circuit City.
Corporate boards need more women, but not people such as Susan Bayh, wife of Sen. Evan Bayh. It’s not
that she isn’t up to the task. The former attorney at Eli Lilly and Co. and visiting professor at Butler University
is by all accounts capable. So we’re not surprised she regularly receives invitations to serve on boards. But
we are surprised she accepts.
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company history, as investment
gains from recovering equity markets helped boost performance.
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations,
a key performance measure for real estate investment trusts.
