Tonight: Clear and mild. Low 68. Tomorrow: Hazy sun and hot. High 89.
Monday, July 30, 2007
Just Marketing lands NASCAR deal Officials for Indianapolis-based Just Marketing announced today that they have signed a deal with NASCAR to sell corporate sponsorships for the stock-car series' Hall of Fame in Charlotte, N.C. Terms of the deal were not disclosed, but industry experts called it a mid-to-high seven-figure deal for Just Marketing, which also has offices in Charlotte. Ground was broken Jan. 25 for the Hall of Fame, and the facility is expected to open the first quarter of 2010.
Potential Glaxo loss could be Lilly's gain Eli Lilly and Co. could face the juicy prospect of a $2 billion hole in the diabetes market if the Food and Drug Administration acts on a recommendation from one of its safety scientists. David Graham is set to tell FDA advisers today to pull diabetes pill Avandia from the U.S. market, according to Bloomberg. Avandia, made by Britain-based GlaxoSmithKline, racked up $2 billion in U.S. sales last year
but has been losing market share since May, when a medical journal reported that it raised the risk of heart attacks in patients taking it.
Simon funds from operations moves up Indianapolis-based shopping mall owner Simon Property Group Inc. reported today that funds from operations, a common measure of the performance of real estate investment trusts, increased 4.1 percent in the second quarter, to $373 million. The $1.31 per share in funds from operations was less than the $1.33 anticipated by analysts surveyed by Thomson Financial.
Willow Marketing merges with Manuszak/Schoff The Indianapolis marketing firms of Willow Marketing Management Inc. and Manuszak/Schoff have merged, Willow said today. Manuszak/Schoff principal Alan Schoff had moved to California to care for elderly parents, and the stress of balancing the care with his role at the marketing firm had grown too cumbersome, said Willow President Brad Gillum. Manuszak principal Mark Manuszak has joined Willow as senior art director.
Evansville-area liberal arts university to pay $5.3M settlement Oakland City University has agreed to pay $5.3 million to the federal government to resolve charges that it paid incentive compensation to its admissions and recruitment counselors. The action violates provisions of the Higher Education Act. An unnamed whistleblower, who was a former employee, will receive $1.4 million of the settlement. The case against the Evansville-area liberal arts school was brought by the U.S. Attorney's Office in Indianapolis.
From IBJ staff and Associated Press--Compiled by Norm Heikens
Pregnant woman among 5 injured in chase Two robbery suspects and three people in another vehicle were hurt this morning when their cars collided. The crash at Tibbs Avenue and 30th Street ended a police chase that started near Washington Street and Rybolt Avenue after police spotted the suspects in a white pickup truck. Police suspect the pair of robbing the McClure Gas Station on Rockville Road just after midnight.
Property tax hearing under way at Statehouse This morning, a legislative commission charged with fixing the property tax mess started the second in a series of public forums. State Sen. Luke Kenley, R-Noblesville, is heading the meeting, which will focus on the assessment system and the debate between direct rebate checks versus credits on upcoming property tax bills. Almost 150 angry homeowners attended last week's hearing. The hearing is expected to last all day.
Public to voice opinions on the Speed Zone Speedway residents get their chance to tell the Speedway Economic Development Commission what they think of the proposed Speed Zone during a hearing at 6 p.m. today in the Speedway High School auditorium. Last month, commission members revealed a plan to turn 400 acres south of Indianapolis Motor Speedway into a year-round hot spot.
State representative calls for property tax repeal State Rep. Woody Burton, R-Greenwood, is holding a property tax rally for Marion and Johnson county residents at 7 p.m. today at Jonathan Byrd's Cafeteria. Burton says he favors eliminating the tax altogether
Pan Am buyer to raze rinks A Texas firm has agreed to buy Pan Am Plaza's 12-story office building and skating rinks and plans to replace the rinks with a more-than $50 million restaurant and retail development.
CEDIA delaying comeback The Custom Electronic Design & Installation Association won't return its massive trade show to the Indiana Convention Center in 2010, as it had planned.
Home Remedy St. Francis Hospital and Health Centers CEO Bob Brody is spearheading a group of health reformers who want to fix what they see as a broken system.
What should replace Pan Am Plaza? Downtown's Pan Am Plaza is about to change ownership, and its ice rinks and outdoor areas are likely to be replaced. What should be built there? |
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Monday, July 30, 2007 
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