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Profit at Hurco Cos. Inc. soared 45 percent in its first fiscal quarter on a surge in sales in Europe and Asia. The Indianapolis-based machine tool maker reported $7.8 million in profit in the quarter ended Jan. 31. About 10 percent of the $60.9 million in sales resulted from a weakened dollar. A cheaper dollar […]
Eli Lilly and Co. has been rejected in its attempt to win approval for a long-acting, injectible version of its best-selling drug, Zyprexa. The U.S. Food and Drug Administration told the Indianapolis-based drugmaker in a “not approvable letter” that it needs more information on the medicine’s major side effect, excessive sleepiness, the Indianapolis drugmaker announced […]
Only 18 percent of people polled in a survey by Bloomberg and the Los Angeles Times said they plan to spend the federal government’s rebate check when it comes. A third plan to save it and about another third said they’ll pay off debt with the money. Congress approved the rebate checks on the expectation […]
Carmel-based Delta Faucet Co. cut 20 workers at its plant in Greensburg, reports the Greensburg Daily News. The number represents about 25 percent of the facility’s salary positions. The continued downturn in the housing market was blamed for the employee reduction. Delta Faucet employees told the newspaper that they were told an undetermined number of […]
The AM General Corp. plant in Mishawaka, which makes the Hummer H2 sport-utility vehicle, hasn’t been affected by the strike at American Axle & Manufacturing Holdings Inc., but could be if the strike lingers long enough, according to the South Bend Tribune. The Hummer plant is supplied by an American Axle site in nearby Three […]
An auction date has been set for three parcels near Meridian and 16th streets that housed the Payton Wells car dealership. The properties are 2.5 acres with a 50,000-square-foot…
Community Health Network plans to announce a $130 million expansion of its Community Hospital South on Thursday. The city’s third-largest hospital chain said the expanded hospital would help “meet demand of (the) growing south market,” according to a press statement. The hospital is located on the north side of County Line Road. Less than a […]
The debate over daylight-saving time never seems to end.
University of California-Santa Barbara economists have studied Duke Energy Corp. electricity bills and found
that Indianaâ??s switch to daylight-saving time in 2006 cost Duke households $8.6 million extra. Duke operates
in the…
William F. Buckley, who died yesterday at age 82, was an intellectual lion who played a key role in pushing
conservatism to national prominence, and he left tracks in Indiana along the way.
The long-discussed John Mellencamp/Stephen King stage musical “Ghost Brothers of Darkland County” at last has an opening date.
It’s scheduled to premiere in Atlanta at the Alliance Theatre in April…of 2009. (The Alliance, FYI, won the Tony Award for Oustanding Regional Theatre…
There could be as many as four women drivers in this year’s Indy Racing League season. Danica Patrick and Sarah Fisher already have signed deals to race this year. Yesterday, Venezuelan Milka Duno…
Today’s collection of retail and restaurant nuggets are brought to you by the letter F.
Eastside institution closing
Circle Fabric, a staple at 30th Street and Shadeland Avenue for more…
Institutional Shareholder Services, a proxy advisory firm, is recommending that two Steak n Shake Inc. stockholders be elected to the Indianapolis company’s board of directors at the annual meeting on March 7. For months, Sardar Biglari, who controls San Antonio -based Lion Fund, has been appealing to Steak n Shake investors through billboards and other […]
MainSource Financial Group Inc., a bank holding company in Greensburg, said today it has acquired Louisville-based 1st Independence Financial Group Inc. in a cash-and-stock deal valued at $37 million. MainSource said the transaction brings a long-desired presence in Kentucky. 1st Independence has eight branches in Kentucky and Indiana. The deal has been approved by directors […]
Sharon McShurley, Muncie’s new mayor, is scrutinizing economic development spending after learning the $1.5 million in income taxes the city collects annually will fall short by about $89,000. McShurley, a Republican who stunned Democrat Jim Mansfield in a recount in December, said she is considering reallocating some economic development dollars to matching funds that would […]
The local stop on the ATP Tour now will be known as The Indianapolis Tennis Championships Presented By Lilly. Eli Lilly-which will use the tournament to promote specific drugs such as Humalog…
Adam Herbert agreed with Athletic Director Rick Greenspan’s recommendation to hire basketball coach Kelvin Sampson, the former IU president said in an interview published today in The Florida Times-Union of Jacksonville. In his first interview about Sampson and the recent NCAA allegations about improper recruiting calls, Herbert said he, Greenspan, Sampson and two IU trustees […]
What to make of the New York Philharmonic’s decision to include a concert in North Korea on its latest musical road trip?
Conductor Lorin Maazel explained: “Music is a powerful language in which those of us who are humane and intelligent…
A new statewide poll shows a high correlation between registered voters who intend to vote for Democratic
presidential candidate Barack Obama and incumbent Republican Gov. Mitch Daniels.
Obama and Daniels are almost polar opposites philosophically, so what gives? Mostly…
Despite rumors-and a report in this space yesterday-that WellPoint will be announced as a title sponsor of the Indianapolis Tennis Championships today, WellPoint and tournament officials say that’s not the case.
Officials for the Indianapolis Tennis Championships, formerly the RCA Championships,…
