 |
 |
 | | | |
 DJIA 13,225.3 -5.7 / S&P 500 1,465.6 -5 / NASDAQ 2,638.5 -5.9
 |  |  Tonight: Clearing and cold. Low 26. Tomorrow: Dry and milder. High 47.
| |
|  Thursday, November 15, 2007 |
|
Aearo value soars with acquisitions
The more Aearo Technologies Inc. changes hands, the more its value climbs. The $1.2 billion that 3M has agreed to pay British private equity firm Permira for the Indianapolis-based maker of personal safety gear is three times the $381 million that the Wall Street firm Bear Stearns paid in 2004. 3M, headquartered in St. Paul, Minn., isn't discussing details of its plans for Aearo, which has 400 of its 1,700 workers in Indianapolis. 
Lilly wins, loses with civil rights groups
Two weeks ago, the NAACP backed existing and former black employees of Indianapolis-based Eli Lilly and Co. in a lawsuit that claims they were treated unfairly. Today, the National Urban League bestowed its Corporate Leadership Award on the pharmaceutical maker for working with the Urban League-also a civil rights group-to sponsor a program that encourages African-American women and their families to be physically active, eat healthy foods and seek preventive screenings and treatments. Join the conversation at IBJ's new blog, News Talk. |  | | | |
|  |
Indianapolis renews sewer contract
The city of Indianapolis has signed a new contract with United Water Services, which has managed the city's wastewater-treatment facilities and sewage-collection system since 1994. The new nine-year contract, which takes affect Jan. 1, includes an option for renewal in 2017 and 2023. United Water will earn $28.5 million in annual revenue for its services, plus an opportunity to earn another $7 million in yearly incentives if it reaches goals for operating efficiency and service enhancements.
Marshall & Ilsley to close back-office site
The Milwaukee bank that's acquiring First Indiana Bank in July plans to close First Indiana's longtime operations center at 1253 N. Emerson Ave. in Greenwood by Jan. 2, according to a filing with the state. Marshall & Ilsley will lay off 121 workers in conjunction with the closure, the filing said.
CVS merges warehousing into Mount Comfort
Drug prescription giant CVS Caremark Corp. has leased 162,000 square feet of warehouse space in Hancock County at Mount Comfort Commercial Park, according to Colliers Turley Martin Tucker, which helped broker the lease with KTR Capital Partners, a New York private equity firm. The deal, valued at more than $3 million, consolidates several locations and supplements a CVS warehouse on 30th Street near Interstate 465. CVS is headquartered in Woonsocket, R.I.
Hillenbrand profit slumps on domestic struggles
Hillenbrand Industries Inc. reported today that profit in its fiscal fourth quarter fell on an adjusted basis to 82 cents per share, from $1.12 per share a year earlier. The setback in the period, which ended Sept. 30, resulted from troubles in its Acute Care and Batesville Casket businesses in North America as well as investments in a strategic plan, the Batesville-based maker of hospital beds and caskets said. For the fiscal year, earnings per share fell to $3.07, from $3.60 the prior year.
Subaru wants $100M in tax breaks
Subaru of Indiana Automotive is asking the city of Lafayette for $100 million in tax abatements to help the Japanese automaker build a warehouse, add equipment and improve older equipment. The spending would precede production of the 2010 Legacy and Outback models, according to The Journal & Courier of Lafayette. While the existing 2,800 jobs would be preserved, the company didn't know if additional workers would be hired. The city's redevelopment commission is expected to vote on the incentives tonight. | | | |
| | |
| Stolen VA computers contain patient information
Personal information of 12,000 patients may be at risk after a theft at the Indianapolis Veteran Affairs hospital in Indianapolis. Officials say three computers were taken over the weekend from a locked office. The FBI, the VA Inspector General and metro police are investigating. The VA will offer one year of free credit monitoring to anyone affected by the incident.
State Representative wants Carson's seat
State Rep. Jon Elrod, R-Indianapolis, was expected to hold a news conference today to announce his plans to run for Julia Carson's seat in Congress. The Democrat has been on medical leave since September, but says she hopes to return to Washington next month.
$1.2 million in Indiana tax refunds not cashed
The IRS is looking for more than 115,000 taxpayers, including 1,600 Hoosiers, who haven't received their refund checks. Officials say the checks were returned to the agency as undeliverable. If you haven't received your tax refund, you can visit the IRS Web site or call 1-800-829-1954.
Medco likely to hire dozens of pharmacy grads
Pharmacy schools at Butler University and Purdue University played a key role in bringing Medco Health Solutions Inc.'s newest distribution center to Indiana, Medco said Nov. 12. And now, Medco might play a key role in keeping more Purdue and Butler pharmacy grads in-state. When the Franklin Lakes, N.J., company opens its 1,300-worker pharmacy in 2009, it will be just the second large-scale pharmacy in Indiana, along with WellPoint's new PrecisionRx facility at Indianapolis International Airport. Such large-scale pharmacies provide another career avenue for some pharmacy students who, until now, have been forced to move out of state, said Steven R. Abel, assistant dean for clinical programs at Purdue's school of pharmacy and pharmaceutical sciences. 
| | | |
|
Largest Indianapolis-Area Meeting and Event Facilities 
| | | |
| | |
| | |
No comments:
Post a Comment