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IndyStar.com: Business
Indiana's leading news source for all the top stories, local news, sports and weather.
Briefly Around the State + Nation
Daniels to speak at business seminar Indianapolis Gov. Mitch Daniels will talk about what companies are doing to expand during the Growing Your Business in Indiana summit on Tuesday. It’s part of the state’s first Indiana Entrepreneurship...
The Fast Track
On the Move Name: Janet McCabe New post: Principal Deputy at the U.S. Environmental Protection Agency, Office of Air and Radiation, effective Nov. 9. Previous position: Executive director at Improving Kids Environment. Experience: McCabe is also an...
Walgreens ornaments to help older adults
Christmas trees in 65 Walgreens stores in Central Indiana bear ornaments that can help anyone be Santa to isolated older adults. The ornaments bear the first names of deserving seniors and their respective gift requests that you can fulfill,...
Indianapolis WNTR-FM switches to holiday music
Entercom Indianapolis has transformed its WNTR-FM station from “The Track”, playing adult contemporary music, to “The Christmas Station.” The change at 107.9 FM leaves the station with an uncertain future beyond the holiday...
Top Eli Lilly researcher Steven Paul to retire
The top research executive at Eli Lilly and Co. will retire in February, the Indianapolis drugmaker announced today, and will be succeeded by the top researcher at European competitor AstraZeneca. Dr. Steven M. Paul, a psychiatrist who has overseen...
In a tight economy, people turning to homemade gifts
Call it the year the wrench stole Christmas. This holiday season, consumers are descending on tool stores, craft shops, woodworking stores and even home improvement big boxes to concoct homemade gifts — and save money. In fact, nearly one in...
Tourism officials, out-of-town visitors reduced spending
Indianapolis — Tourism officials spent less on advertising this summer, and out-of-town visitors spent less, according to data released Thursday by the Indianapolis Convention&Visitors Association. The tourism agency spent $504,497,...
Owner of 2 casinos in default on almost $80M in loans
Gary, Ind. — The company that owns two casinos along Indiana’s Lake Michigan shore and others in Mississippi and Colorado has been declared in default on nearly $80 million in debt by its lenders. Majestic Star Casino LLC disclosed the...
Environmental group forum to examine 'green' issues
Indianapolis — Indiana’s largest environmental group is hosting a forum this weekend focusing on what the state’s upcoming legislative session could mean for renewable energy, mass transit and other “green” policies. The...
St. Vincent buys part of Indiana Orthopaedic Hospital
OrthoIndy doctors could operate at St. V. facilities In recent years, St. Vincent Health and the Indiana Orthopaedic Hospital battled for patients and market share in the lucrative business of joint replacements and other orthopedic procedures. But...
Stimulus will fund senior housing in Nashville
Federal stimulus money will bring a needed senior housing project to the Southern Indiana tourist town of Nashville. Carmel developer RealAmerica Development breaks ground today on a 65-unit housing project for seniors just off Ind. 46, which feeds...
Energy supplies up, stock prices down
NEW YORK — A jump in the nation’s energy inventories sent stocks falling Thursday as investors worried that demand for oil and gasoline is falling because of the struggling economy. Major stock indexes slid about 1 percent from 13-month...
On the Move
Name: Nina Gondola New post: Director of resource development by Boys&Girls Clubs of Indianapolis. Previous position: Manager of campaign, corporate and grant funding at the Indiana Historical Society. Experience: Gondola previously was the...
A homemade holiday for many
In a tight economy, the personal touch pays off in savings Call it the year the wrench stole Christmas. This holiday season, consumers are descending on tool stores, craft shops, woodworking stores and even home improvement big boxes to concoct...
Majestic Star casinos go into default
GARY, Ind. — The company that owns two casinos along Indiana’s Lake Michigan shore and others in Mississippi and Colorado has been declared in default on nearly $80 million in debt by its lenders. Majestic Star Casino LLC disclosed the...
Indianapolis tourism grows despite budget cuts
Despite a 32 percent decrease in money spent on advertising, Indianapolis leaders report tourism rose during the summer, although visitors here spent less. The return on investment generated a $289 return for every dollar spent, up 15 percent from...
Majestic Star casino company misses debt payments
GARY, Ind. — The company that owns two casinos along Indiana’s Lake Michigan shore and others in Mississippi and Colorado has been declared in default on nearly $80 million in debt by its lenders. Majestic Star Casino LLC disclosed the...
Wal-Mart posts 3% rise in profit for 3Q
Wal-Mart Stores Inc., one of the top employers in Indiana, today reported a 3.2 percent increase in third-quarter profit, helped by inventory controls and other cost-cutting measures. But a key sales indicator slipped, and the discount-store chain...
4Q profits improve at Hill-Rom
Despite lower revenues, Hill-Rom Holdings Inc., on Wednesday reported better than expected earnings for the fourth quarter. * More coverage: Cincinnati Enquirer story on Hill-Rom* * IndyStar.com markets: Track Hill-Rom on our stocks page.* The...
Indianapolis' 500 Festival to announce 2010 theme
Indianapolis’ 500 Festival is scheduled to announce its 2010 theme at the first of four corporate member events tonight, and in attendance will be racecar driver Scott Dixon. * More coverage: The 500 festival Web site.* * Racing coverage:...
Indianapolis' Fortune Industries turns profit for fifth consecutive quarter
Indianapolis-based Fortune Industries today said it turned a profit for the fifth consecutive quarter. The human resources consultant, which has small and medium-sized business clients in 48 states, said income for the three months ended Sept. 30...
Morgan is state bar's 1st African-American president
When Roderick Morgan moved to Indianapolis in 1991 to practice law, he said he could count the number of minorities serving as law firm partners on one hand. Nearly two decades later, he says: “I don’t know everyone’s name, and...
'09ers driving latest rush to gold
Analysts are surprised by speed and stamina of spike CHICAGO — The new gold rush is on. The price of the precious metal is soaring, hitting a record $1,119 an ounce Wednesday before settling to $1,114. The spike is confounding market analysts...
Helping athletes get to next level
When athletes such as Colts tight end Dallas Clark or world champion and Olympic gymnast Bridget Sloan are looking to step up their game, they turn to St. Vincent Sports Performance in Indianapolis. In its two Indianapolis centers, St. Vincent Sports...
Dow extends winning streak to 6 days
Investors are buoyed by low interest rates, Chinese industrial output NEW YORK — More signs that interest rates will remain low and upbeat economic news from China gave investors more reason to keep buying stocks Wednesday. Federal Reserve...
Cummins to raise price Jan. 1 for commercial generators
Columbus, Ind. — Cummins Power Generation Inc. said it will raise the price of its commercial power generator sets, which are used in factories and office buildings, starting Jan. 1. The Cummins Inc. unit cited industry dynamics, climbing...
Macy's posts smaller loss, credits two new initiatives
Cincinnati — Macy’s Inc. on Wednesday reported a smaller loss in its third quarter from a year ago because of tight inventory controls and a move to localize merchandise to regional markets. The department store operator lost $35 million,...
Lilly to pay $24M settlement to Utah over Zyprexa claims
Salt Lake City — Eli Lilly and Co. has agreed to a $24 million civil settlement with the state of Utah over claims the drug maker engaged in off-label marketing of the anti-psychotic drug Zyprexa. Utah Attorney General Mark Shurtleff’s...
Indy worker dies in industrial accident
A 53-year-old Indianapolis man was killed in an industrial accident at a Southside repair shop this afternoon. David Jansen either fell into or was inadvertently crushed by a moving part of a 12-foot-tall piece of equipment at Horner Industrial...
Utah awarded $24M in Zyprexa settlement
SALT LAKE CITY — Utah has agreed to a $24 million settlement with Eli Lilly&Co. over claims the drugmaker engaged in off-label marketing of the anti-psychotic drug Zyprexa, Utah Attorney General Mark Shurtleff said today. Zyprexa is approved for...
