
updated: 2/9/2010 2:50:49 PM
The state has settled a $1.95 million lawsuit with CVS Caremark Corp. (NYSE: CVS) after two of its pharmacists were dispensing prescription drugs for several years with expired licenses. As part of the settlement, CVS has also agreed to implement several consumer protections. Indiana Attorney General Greg Zoeller says the money will be used to reimburse the Indiana Medicaid program and investigative costs.
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updated: 2/9/2010 2:19:07 PM
Kokomo-based Haynes International Inc. is reporting a $1.3 million loss for its fiscal first quarter, compared to a profit of $4.5 million for the same period a year earlier. The company blames the loss on a drop in demand for its products.
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updated: 2/9/2010 9:57:54 AM
An Indianapolis-based incubator has launched its first digital venture. Project Brilliant says Mobiltopia is a mobile app and Web site development company. It is aiming to help businesses adjust to opportunities presented by mobile Web technology.
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updated: 2/9/2010 12:31:52 PM
Indiana University Kokomo has identified its four chancellor finalists. The candidates will visit the campus this month to meet with faculty, staff, students and community members. Ruth Person left the chancellor position in 2008 for a similar post with the University of Michigan-Flint.
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updated: 2/9/2010 12:31:34 PM
South Bend-based MISCOR Group Ltd. is selling two units as it continues to work through a restructuring plan. Martell Electric LLC and Ideal Consolidated Inc. are being sold for $3.5 million to MISCOR President and Chief Executive Officer John Martell and his wife Bonnie. MISCOR is searching for a new CEO and once the process is complete, Martell will step down from that role.
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