• Court Sides With Lilly on Alimta Case

    The latest in a string of patent infringement cases involving Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has ended positively for the pharmaceutical giant. The U.S. District Court for the Southern District of Indiana has ruled in favor of Lilly, preventing a competitor from launching an alternative form of its Alimta vitamin regimen. The court ruled that Lilly's patent for Alimta would be infringed upon if India-based Dr. Reddy's Laboratories had moved forward with...

  • Kloth says the programs will help students "build meaningful careers" in Indiana.

    Ascend Funding Targets Skills Gap, Health

    A Central Indiana Corporate Partnership effort to bridge the talent gap has received $2.4 million in funding. Ascend Indiana says the funding from Lilly Endowment Inc. and the Nina Mason Pulliam Charitable Trust will be used in part to push its new cloud-based Ascend Network platform, designed to combine algorithms and human interaction to match young talent to jobs and internships. Ascend has also announced it is working with Community Health Network and...

  • The utility's Indiana headquarters is in Plainfield.

    Duke Energy Foundation Funding Reading Programs

    The Duke Energy Foundation is awarding about $400,000 to statewide literacy programs. Eighteen Hoosier schools and districts are receiving funding for school-year and summer reading initiatives. Duke Energy Indiana President Melody Birmingham-Byrd says funding reading programs is crucial to the state's educational achievement, saying grade-level reading "is one of the strongest indicators of whether that child will succeed in school and in life."

  • (Image courtesy of F.C. Tucker)

    Home Sales Continue Upward Trend

    F.C. Tucker Co. says pended home sales in central Indiana increased 7.6 percent last month, compared to May 2017. The average year-to-date home price also rose 8.8 percent in the 15-county region to $209,049. The company says 4,072 homes were purchased in May, up from 3,785 sold in the same month the previous year.

  • Holcomb to Make FFA Announcement

    Governor Eric Holcomb will Monday join officials from the National FFA Organization and AgriNovus Indiana to make an announcement regarding this year's National FFA Convention & Expo in downtown Indianapolis. The FFA says the announcement will impact 650,000 student members nationwide.

  • Crown Point Man Sentenced on Mail Fraud Charge

    A U.S. District Court judge has sentenced a Crown Point man to 14 months in prison after pleading guilty to a charge of conspiracy to commit mail fraud. U.S. Attorney Thomas Kirsch's office says Walter Woldt and a co-conspirator committed a scheme to defraud mortgage lenders.

  • Valpo's SES Advisors Acquired

    A Pennsylvania firm has announced the acquisition of Valparaiso-based SES Advisors. In addition to the Porter County the business administration and consulting company, Ascensus has acquired Swerdlin & Co. in Georgia. The employee stock ownership plan transaction and financial advisory arm of SES Advisors was not part of the transaction and will remain with its current owners under the name SES ESOP Strategies Inc. Ascensus President David Musto says...

  • Sales Consulting Company Adds to Its Ranks

    An Indianapolis-based sales consulting company is growing. Sales Xceleration Inc. says it has added employees outside the state. The company, which works with small to mid-sized businesses, says it now has 75 sales consultants. The new employees will work in markets in Florida, California, Michigan, North Carolina and Washington State. President Mark Thacker says...

  • The company is a certified veteran-owned business.

    NC Company Invests In eLuxury

    A North Carolina-based mattress and upholstery fabric company is becoming a majority investor in eLuxury in Evansville. Culp Inc. (NYSE: CULP) says eLuxury founder and Chief Executive Officer Paul Saunders will continue in his role and maintain a minority interest in the company. Saunders calls the acquisition "a great opportunity for eLuxury to partner with a market leader" and "leverage our combined expertise and expand our product offering into new...

  • Chris LaMothe serves as CEO of Elevate Ventures.

    Ranking: Elevate Ventures Top 10 in Early-Stage Investing

    A global financial data and software company ranks Elevate Ventures near the top in a key category. PitchBook says the Indianapolis-based private venture organization is 10th most active among venture capital firms investing in angel-stage or seed-stage companies in the world. Elevate Ventures Chief Executive Officer Chris LaMothe will be a guest this weekend on Inside INdiana Business With Gerry Dick.In 2017, Elevate Ventures invested in 26 early-stage Hoosier businesses and...

  • Tech

    • NC Company Invests In eLuxury

      A North Carolina-based mattress and upholstery fabric company is becoming a majority investor in eLuxury in Evansville. Culp Inc. (NYSE: CULP) says eLuxury founder and Chief Executive Officer Paul Saunders will continue in his role and maintain a minority interest in the company. Saunders calls the acquisition "a great opportunity for eLuxury to partner with a market leader" and "leverage our combined expertise and expand our product offering into new...

    • Ranking: Elevate Ventures Top 10 in Early-Stage Investing

      A global financial data and software company ranks Elevate Ventures near the top in a key category. PitchBook says the Indianapolis-based private venture organization is 10th most active among venture capital firms investing in angel-stage or seed-stage companies in the world. Elevate Ventures Chief Executive Officer Chris LaMothe will be a guest this weekend on Inside INdiana Business With Gerry Dick.In 2017, Elevate Ventures invested in 26 early-stage Hoosier businesses and...

    • Ball Venture Fund Winners Announced

      Five universities have been chosen by Independent Colleges Indiana as Ball Venture Fund winners. The Ball Brothers Foundation of Muncie sponsors the competition that provides funding for start-up projects. ICI received 28 entries from 21 institutions for $84,000 in funding. 

    More
  • Education

    • The utility's Indiana headquarters is in Plainfield.

      Duke Energy Foundation Funding Reading Programs

      The Duke Energy Foundation is awarding about $400,000 to statewide literacy programs. Eighteen Hoosier schools and districts are receiving funding for school-year and summer reading initiatives. Duke Energy Indiana President Melody Birmingham-Byrd says funding reading programs is crucial to the state's educational achievement, saying grade-level reading "is one of the strongest indicators of whether that child will succeed in school and in life."

    • Rose-Hulman Adds New Major

      Rose-Hulman Institute of Technology students now have another option when choosing a major. The Institute has added a engineering design major which is expected to offer a multidisciplinary experience. Students are enrolled to start the new program in the 2018-2019 school year. 

    • Ball Venture Fund Winners Announced

      Five universities have been chosen by Independent Colleges Indiana as Ball Venture Fund winners. The Ball Brothers Foundation of Muncie sponsors the competition that provides funding for start-up projects. ICI received 28 entries from 21 institutions for $84,000 in funding. 

    More
  • Manufacturing & Logistics

    • GM recently announced it would invest more than $1 billion in its Fort Wayne Assembly plant.

      Auto Job Fair Coming to Allen County

      General Motors is hiring more than 100 new employees in Fort Wayne. The positions in everything from finance to manufacturing are following a gradually increasing presence in the area for the past few years. In 2016, the company invested $127 million in its casting plant in Bedford and planned to pump an additional $1 billion into the Fort Wayne area over the next few years to double the size of its operation. The expansion of GM’s operations has led to increased business for ...

    • (Image courtesy of Dickinson Fleet Services.)

      Dickinson Fleet Services Grows Footprint

      An Indianapolis-based transportation fleet maintenance and management company has announced an acquisition. Dickinson Fleet Services' deal for Outsource Fleet Services Inc. includes facilities in the Chicago, Columbus, Atlanta, Dallas/Fort Worth and Southern California markets. Executive Officer Ted Coltrain says terms of the deal are not being disclosed, but the company will continue to add resources to its Indianapolis corporate office.

    • E-Commerce Ruling Generates Reaction

      A ruling by the U.S. Supreme Court on taxing e-commerce is generating reaction throughout the state. In a 5-4 decision, the high court has opened the door for online retailers to charge consumers sales tax, even if the business is based in a different state than the buyer. Both Governor Eric Holcomb and the Indiana Chamber of Commerce hail the reversal of a previous ruling as a way to "level the playing field" for Hoosier businesses competing with out-of-state-headquartered...

    More
  • Life Sciences

    • Court Sides With Lilly on Alimta Case

      The latest in a string of patent infringement cases involving Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has ended positively for the pharmaceutical giant. The U.S. District Court for the Southern District of Indiana has ruled in favor of Lilly, preventing a competitor from launching an alternative form of its Alimta vitamin regimen. The court ruled that Lilly's patent for Alimta would be infringed upon if India-based Dr. Reddy's Laboratories had moved forward with...

    • (Image Courtesy: Lilly Oncology)

      Lilly Closes on Mega Acquisition

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has completed its acquisition of ARMO BioSciences Inc. of California. The deal, which was valued at approximately $1.6 billion when first announced last month, boosts Lilly's immuno-oncology pipeline. Lilly offered $50 per share of ARMO stock for the company. ARMO's portfolio includes...

    • Bionode's technology originally required contacts, but has been updated to produce the same effect with glasses only.

      Purdue Fund Invests $750K in Startups

      The Purdue Research Foundation's Foundry Investment Fund is investing $750,000 in three life sciences startups. Purdue says the funding will be used as partial matches to investments made in the startups by other investors.

    More
  • Health

    • Court Sides With Lilly on Alimta Case

      The latest in a string of patent infringement cases involving Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has ended positively for the pharmaceutical giant. The U.S. District Court for the Southern District of Indiana has ruled in favor of Lilly, preventing a competitor from launching an alternative form of its Alimta vitamin regimen. The court ruled that Lilly's patent for Alimta would be infringed upon if India-based Dr. Reddy's Laboratories had moved forward with...

    • Kloth says the programs will help students "build meaningful careers" in Indiana.

      Ascend Funding Targets Skills Gap, Health

      A Central Indiana Corporate Partnership effort to bridge the talent gap has received $2.4 million in funding. Ascend Indiana says the funding from Lilly Endowment Inc. and the Nina Mason Pulliam Charitable Trust will be used in part to push its new cloud-based Ascend Network platform, designed to combine algorithms and human interaction to match young talent to jobs and internships. Ascend has also announced it is working with Community Health Network and...

    • (Image Courtesy: Lilly Oncology)

      Lilly Closes on Mega Acquisition

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has completed its acquisition of ARMO BioSciences Inc. of California. The deal, which was valued at approximately $1.6 billion when first announced last month, boosts Lilly's immuno-oncology pipeline. Lilly offered $50 per share of ARMO stock for the company. ARMO's portfolio includes...

    More
  • Ag INnovation

    • Governor Eric Holcomb will be the keynote speaker at this week's event.

      Holcomb to Make FFA Announcement

      Governor Eric Holcomb will Monday join officials from the National FFA Organization and AgriNovus Indiana to make an announcement regarding this year's National FFA Convention & Expo in downtown Indianapolis. The FFA says the announcement will impact 650,000 student members nationwide.

    • Officials See Rich Dairy Future For Indiana

      State agriculture officials say a decision by Walmart Inc. (NYSE: WMT) to locate a major milk processing facility in Fort Wayne validates what they say is a promising future for the state's dairy industry. Walmart and state officials last week christened the state-of-the-art facility, which employs 300 and will buy milk from hundreds of northeast Indiana and northwest Ohio farmers. "I think Walmart saw the business climate in Indiana, but they also know that we are able to..."

    • Pogue's Run Grocer opened in 2010.

      Pogue's Run Grocer Closing

      An Indianapolis grocery co-operative says it will close Tuesday. Pogue's Run Grocer, which opened on the city's near east side in 2010, announced on Facebook that sales are at the lowest they've ever been and "the store has reached a point where it cannot sustain itself and the people who are carrying most of the burden are the employees." Pogue's Run has focused on selling local produce and organic and responsibly-sourced foods.

    More
  • William Donahue

    Notre Dame's Nanovic Institute Appoints New Director

    William Donahue has been appointed director of the Nanovic Institute for European Studies at the University of Notre Dame. He has been a professor of humanities with the university and has served as chairman for the department of German and Russian languages and literatures since 2015. Donahue holds a Ph.D. in German literature from Harvard University and studies contemporary German literature and film. He is author of two books on German literature and its impact.

  • Karen Williams

    Continental Structural Plastics Appoints First Female Plant Manager

    Continental Structural Plastics, a world leader in vehicle lightweighting technologies, has promoted Karen Williams to plant manager of its Huntington-based manufacturing facility. She becomes the first female named to a plant management position in the company’s more than 50 years in operation. Williams, who joined CSP in 2010, most recently served as corporate quality manager.

  • Michael Terlep and Hannah Riffle

    VOX Global Makes Promotion, Hires

    VOX Global has promoted Michael Terlep (pictured) to account executive. He previously served as an assistant account executive. Hannah Riffle (pictured) has been hired as an account executive. She is a member of the media relations and behavioral science practice groups. Also, Luis Sorto joins the team as the Alfred E. Fleishman Fellow. He will support the education/nonprofit and diversity & inclusion practice groups.

  • Kyle Fisher

    Community Health Network Appoints CFO

    Community Health Network has appointed Kyle Fisher chief financial officer. He most recently served as chief executive officer and chief retail and innovation officer for Visionary Enterprises Inc. Fisher has more than 30 years of experience in finance, new business development, strategic planning and organizational leadership. He joined VEI in 2008 as chief operating officer and assumed the role of CEO in 2009.

  • Kim Newnam

    Witham Family YMCA Names Executive Director

    The Witham Family YMCA has appointed Kim Newnam executive director. She has nearly 30 years of experience working in various positions at several YMCAs, most recently as associate executive director at the Benjamin Harrison YMCA in Indianapolis.
     

  • Mike Dodd and Leslie Wolfe

    Indiana Innovation Institute Expands Team

    The Indiana Innovation Institute has named Mike Dodd (pictured) director of business development. Jeff Tucker has been appointed senior program manager. He previously served as senior program manager at Viavi Solutions. Also, Leslie Wolfe (pictured), who served as director of business operations in a consulting role, has now joined the organization on a full-time basis.

  • Ross Swallow

    Whitinger & Co. Names New Owner

    Muncie-based Whitinger & Co. has promoted Ross Swallow to member/owner of the firm. He specializes in tax consulting and compliance services for small businesses and individuals. Swallow is a Certified Public Accountant and a member of the Indiana CPA Society, the American Institute of Certified Public Accountants and the East Central Indiana Estate Planning Council. He joined the firm in 2006 and earned his CPA designation in 2007.

  • Scott Moorehead

    Moorehead Honored With EY Award For Family Business

    EY has named Scott Moorehead the Entrepreneur of the Year 2018 Award in the Family Business category in the Midwest. He is chief executive officer and president of Carmel-based Round Room, the nation’s largest Verizon Authorized Retailer. The award recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities.

  • Daniel Moore

    Rose-Hulman Professor Selected to Advise State Department

    Daniel Moore, a Rose-Human Institute of Technology professor of electrical and computer engineering, will spend the 2018-2019 school year in Washington D.C. working in the U.S. Office of Science and Technology.  He will advise the State Department on global science, technology, engineering and mathematics as a government fellow for the Institute of Electrical and Electronic Engineers.

  • Geovani Bonilla

    IU Health Plans Names VP

    Geovani Bonilla has joined Indiana University Health Plans as vice president of medical operations. He previously served as director of utilization management for Johns Hopkins Healthcare.

  • James¬†Pillischafske

    Katz, Sapper & Miller Adds to Team

    James Pillischafske has been hired as an engineer in Katz, Sapper & Miller's cost segregation practice. He previously served as a project engineer at Messer Construction Co.

  • Devin Claerbout

    Taft Stettinius And Hollister Hires Patent Lawyer

    Taft Stettinius and Hollister LLP has added Devin Claerbout to its intellectual property group. He has practiced patent law in everything from electro-hydraulic control systems to orthopedic surgical instruments. Prior to joining private practice, Claerbout worked for Clarke Engineering Services as a project engineer.

  • Pam Austin

    PNC Bank Appoints Senior VP

    PNC Bank has appointed Pamela Austin senior vice president and senior banking advisor for wealth management. She has more than 30 years of banking experience, including private banking, financial analysis, marketing, business development sales, wealth transfer and problem resolution for clients and their families. Most recently she served as vice president at 1st Source Bank.

  • Dan Grigg

    Indiana Tech Names Grigg VP

    Indiana Tech has named Dan Grigg vice president for institutional advancement. He will officially begin his duties on July 23. Grigg currently serves as VP of development and alumni relations at Lindenwood University in St. Charles, Missouri, a post he has held since 2016. Prior to that role, he served as executive director of advancement at Liberty Christian School in Argyle, Texas.

  • Top Videos

    • Walmart Opens One-of-a-Kind Milk Processing Plant

      Walmart christened its first milk processing plant in North America this week in Fort Wayne, which created some 300 new jobs. Indiana State Department of Agriculture Director Bruce Kettler weighs-in on the plant’s impact and a boost for the Hoosier dairy industry.

    • Inside Netfor's New HQ

      Technology and customer support company Netfor Inc. is settling in its new $4 million HQ in the Fishers Technology Park. Founder and CEO Jeff Medley discusses the need for upgraded space as it expands its software-as-a-service, IoT and cloud industries services.

    • Indiana Fiber Network Details Major Infrastructure Investment

      The Indiana Fiber Network is rolling out a $50 million plan to increase capacity and broadband access reliability statewide. CEO Jim Turner explains the need for big infrastructure investment and gives us a glimpse at the future of broadband.

    • Lauth Leadership Talks Rejuvenation and New Projects

      For more than 40 years, Indianapolis-based Lauth has been developing business facilities throughout Indiana and the U.S., but made dramatic cuts during the recession. CEO Mike Jones talks about the company’s comeback and new projects.

    • Vera Bradley Foundation Boosts Breast Cancer Research

      To date, the Vera Bradley Foundation has committed more than $37 million to the IU School of Medicine in the fight against breast cancer. The director of the IU Simon Cancer Center discusses the focus of a major new research center planned for Indianapolis.

    • New Approach to Developing Leaders

      To meet the demands of today’s rapidly changing world, modern leaders can no longer rely on a traditional model for effective leadership. That’s why The Institute for Postindustrial Leadership at the University of Indianapolis supports a new paradigm of leadership principles.

    More
  • Web Exclusive

    • Culture Matters: Milhaus

      With another installment of our monthly Culture Matters segment we spotlight the reasons for the rapid growth of Milhaus, the development company headquartered in downtown Indianapolis. We also take a look at some of their completed projects, and how their workplace culture translates to their projects and their customers.  

    • WEB EXCLUSIVE: Holcomb Signs SaaS Industry Bill

      Governor Eric Holcomb says a tax exemption for Sales as a Service is something that was brought up "again and again" in meeting with Hoosier tech executives. Indiana is one of four states to have approved this type of law. The ceremonial signing took place Friday morning at the headquarters of Indianapolis-based SaaS company, DemandJump.

    More

Stocks

  • Perspectives

    • The Evolution of Business: From Bottom Line to Value Creation And Impact

      In today's world, consumers want to know how corporations, as a whole, are taking a stand. In fact, customers are 43 percent more likely to purchase a product from a company they know is committed to social value. It's not just consumers pushing this trend. Financial service industry leaders, like KeyBank's Beth Mooney and BlackRock's Larry Fink, are challenging business owners and the C-Suite to rethink their economic impact, environmental footprint and social conscience.

    More

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  • Most Popular Stories

    • St. Vincent Announces Layoffs

      St. Vincent Health says it has laid off 85 employees throughout the state. In a statement to Inside INdiana Business, St. Vincent cites a rapidly-evolving healthcare environment as a reason for the workforce reduction. 

    • Indy Firm Taps Appirio Exec as CEO

      An Indianapolis-based design and innovation consulting firm has named a new chief executive officer. Studio Science says Steve Pruden, who most recently served as senior vice president of human resources with Indy tech company Appirio, will lead the company.

    • (Image Courtesy: Lilly Oncology)

      Lilly Closes on Mega Acquisition

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has completed its acquisition of ARMO BioSciences Inc. of California. The deal, which was valued at approximately $1.6 billion when first announced last month, boosts Lilly's immuno-oncology pipeline. Lilly offered $50 per share of ARMO stock for the company. ARMO's portfolio includes...

    • Rose-Hulman Adds New Major

      Rose-Hulman Institute of Technology students now have another option when choosing a major. The Institute has added a engineering design major which is expected to offer a multidisciplinary experience. Students are enrolled to start the new program in the 2018-2019 school year. 

    • GM recently announced it would invest more than $1 billion in its Fort Wayne Assembly plant.

      Auto Job Fair Coming to Allen County

      General Motors is hiring more than 100 new employees in Fort Wayne. The positions in everything from finance to manufacturing are following a gradually increasing presence in the area for the past few years. In 2016, the company invested $127 million in its casting plant in Bedford and planned to pump an additional $1 billion into the Fort Wayne area over the next few years to double the size of its operation. The expansion of GM’s operations has led to increased business for ...