Marsh wins $19.5M judgment against Roche
A Hamilton Superior Court judge awarded damages to the local supermarket chain in a soured sublease deal it signed with Roche Diagnostics in March 2008.
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Drugmaker eyes ex-Pfizer plant in western Indiana
Officials say an as-yet-unnamed drug company is looking to take over much of the former Pfizer Inc. complex near Terre Haute that had about 800 workers before it was shut down.
Is China headed for ‘soft-landing slowdown’
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
Transit plan may boost real estate investment
A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.
Endocyte shares plunge on clinical trial results
Shares of Endocyte Inc. plummeted more than 60 percent Tuesday morning after clinical trial results showed the company’s experimental ovarian cancer drug led to shorter survival times than treatment with a standard cancer drug.
Carmel office/retail complex hurt by road project gets second chance
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
Mayors back transit tax hike in Marion, Hamilton counties
Indianapolis Mayor Greg Ballard, Carmel Mayor Jim Brainard say more local transit options are needed despite the steep cost. A ballot referendum would be required so voters could consider a 0.3-percent income-tax increase to pay for a $1.3 billion project.
Startup wants animal shelter in Hendricks County
The county lacks a private, not-for-profit group to find homes for stray dogs and cats.
Indiana Live asks court for $23 million tax refund
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
Lockhart Automotive co-owner recovering from losing Saturn
Lynn Kimmel, president of Lockhart Automotive Group, is helping her family business recover from losing three Saturn dealerships and a Hummer dealership when General Motors Corp. folded both those lines.
Midwest ISO announces $6.5B in electric grid improvements
The Carmel-based not-for-profit’s long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.
Carmel also likely competing for CME Group
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
Popular chain plans to launch restaurant in Noblesville
Huntington Beach, Calif.-based BJ’s opened its first central Indiana location in 2008 at Greenwood Park Mall.
Defects prompt closure of county fair grandstands
A central Indiana county faces a big bill to replace its fairground's grandstand after numerous safety problems were found during an inspection prompted by this summer's deadly state fair stage collapse.
Kokomo upshifting with Chrysler investment
City north of Indianapolis feels the power of $1.3 billion upgrade of equipment in automaker’s transmission plants.
Star parent plans to add 108 jobs at local media units
Gannett Co. said the jobs will be added in central Indiana as part of an expansion of its media-related groups. Meanwhile, the newspaper’s union continues to negotiate a new contract with the company.
SEC accuses Positron CEO of misleading investors
Regulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company without investors’ knowledge.
Jury awards $27M in damages over propane explosion
A jury has held a utility liable for $27 million in damages over a propane explosion at a central Indiana horse farm that killed a man and injured three family members.
Martinsville Candy Kitchen hangs hopes on handmade canes
Shop owners John and Pam Badger churn out more than 20,000 candy canes in November and December, but they'd like to boost business the other 10 months of the year.
Hendricks County ‘hotspot’ for package-liquor permits
Four package liquor permits in the county west of Indianapolis fetched a total of nearly $1 million, roughly a quarter of the $3.8 million the state netted during an auction of 279 new alcohol permits in Indiana.