IBJ Staff

Keihin Indiana Precision Technology Inc. in Greenfield said this morning that it will cut 20 percent of its workforce, or 180 employees, in April. The reduction is the latest measure the company has taken to adjust to declining auto sales. The supplier of fuel-injection systems to Honda Motor Co. previously imposed pay cuts, four-day work […]

President Barack Obama’s health care plan would cost Indianapolis-based Eli Lilly and Co. “several hundred million” dollars in U.S. sales, a Lilly spokesman said today. If enacted, the plan would require drugmakers to give larger rebates to the federal Medicaid program, raising them to 21 percent from 15 percent off the list price. That proposal […]

Keihin Indiana Precision Technology Inc. in Greenfield said this morning that it will cut 20 percent of its workforce, or 180 employees, in April. The reduction is the latest measure the company has taken to adjust to declining auto sales. The supplier of fuel-injection systems to Honda Motor Co. previously imposed pay cuts, four-day work […]

The Greatest Spectacle in Racing is 87 days away, but today you can get your first look at the 2009 Indy 500 pace car. Former winners Al Unser Jr., Johnny Rutherford and Eddie Cheever Jr. will be on hand for the unveiling at the Indianapolis Motor Speedway Hall of Fame Museum at 4 p.m. Fox […]

Indianapolis police are trying to determine the cause of an accident that killed a young driver just after midnight. Investigators say he lost control of his car, slammed into a traffic light at East Adler and South Meridian streets, and then crashed into two parked cars. The young man has not been identified.

An Indianapolis police officer was hurt early this morning after a traffic stop turned into a fight. According to the officer, the driver of a red Dodge Durango led him on a short chase on southbound Interstate 65. After stopping near the bridge over I-465, the driver got out and started fighting with him. The […]

Police are searching for the person or persons responsible for gunning down a 22-year-old at an east-side Indianapolis apartment complex. Adrian Curtis, of Indianapolis, was shot in the head yesterday afternoon at Blackburn Terrace Apartments. Investigators say Curtis had been banned from the complex. They are now looking for a white Chevy van that witnesses […]

A device to perform chemical and biological analyses and an Internet-based company that helps raise money for mission trips won the top prizes yesterday at Purdue University’s 22nd annual Burton D. Morgan Business Plan Competition. Microfluidic Innovations claimed the $30,000 prize in the division for graduate students. The company is developing a programmable lab-on-a-chip device […]

Cummins Inc. announced this morning that it revised its fourth quarter and annual operating results for 2008 downward to reflect higher warranty liability than previously reported. The Columbus manufacturer’s profit dropped by $46 million during the fourth quarter, to reflect a change in warranty cost estimates for its midrange engine products launched in 2007. Also, […]

Firefighters found two bodies last night inside a burning house on the near-east side. Crews were called to a two-story home at 17 N. Oxford St., just east of Rural Street, about 8:30 p.m. Officers describe the victims as a black man and a white woman. The home appeared to have been abandoned and the […]

The Department of Defense confirmed that an Indianapolis soldier has been killed in Iraq. Army Pfc. Zachary Nordmeyer, 21, and two others soldiers died Monday when their unit was attacked in Balad. All three soldiers were members of the 25th Infantry Division based out of Fort Wainwright, Alaska.

Indiana lawmakers on both sides of the aisle were quick to react to President Barack Obama’s address to Congress last night. Democratic Congressman Andre Carson of Indianapolis released a statement calling the presidential agenda “ambitious,” adding that the president will “continue to rise above typical Washington politics.” On the Republican side, Indiana Rep. Dan Burton […]

Simply Hospitality, the Indianapolis-based co-developer of event-planning software that was used to put on this year's Super Bowl, has completed its purchase of the product from Champaign, Ill.-based Riverwatcher Studios.

A stock analyst says Eli Lilly and Co’s potential blockbuster drug prasugrel could face another Food and Drug Administration delay, Bloomberg News reported this morning. The experimental blood thinner may not receive U.S. action until the second quarter after regulators said they made a “mistake” removing a critic of the drug from an advisory panel […]

Rose-Hulman Institute of Technology in Terre Haute will soon be searching for its third new president in five years. The engineering and science school announced yesterday that Gerald Jakubowski was resigning effective June 30, three years after he took the job. No reason for his departure was announced, and the school said its board of […]

About 170 Indiana National Guard soldiers will arrive back on Hoosier soil today after duty in Iraq. Danville’s 38th Military Police Co. spent the last 10 months training Iraqi police transition teams. Those teams then train Iraqi police. Family and friends will attend this afternoon’s welcome-home ceremony at Stout Field.

City Market business owners are inviting the public to celebrate Fat Tuesday with live music, some adjusted menu prices and a lot of beads. The Mardi Gras event runs all day today, with live music playing until 1:30 p.m. FOX 59 will recap today’s festivities at 10 p.m.