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BAKFC Holds General Membership Meeting

By JONI TRUEX Executive Officer, Builders Association Kosciusko Fulton Counties Builders Association Kosciusko Fulton Counties held their General Membership Meeting with special guests Indiana Builders Association 2014 State President Tom Mullen; IBA Chief Operating Officer Cindy Bussell and Indiana District 22 State Representative Rebecca Kubacki. Kubacki was recognized … Read More

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First Patient Enrolled In Lilly, AstraZeneca Alzheimer’s Drug Study

Eli Lilly and Company (NYSE: LLY) and AstraZeneca yesterday announced enrollment of the first patient into AMARANTH, a Phase II/III study of an oral beta secretase cleaving enzyme (BACE) inhibitor currently in development as a potential treatment for Alzheimer’s disease. AZD3293, also known as LY3314814, has been shown … Read More

R.R. Donnelley Releases Third Quarter Financial Results

CHICAGO – R.R. Donnelley & Sons Company (Nasdaq:RRD) reported financial results for the third quarter of 2014 last week. Highlights: Third-quarter net sales of $3.0 billion grew 13.1 percent from the third quarter of 2013; organic net sales grew 0.8 percent from the third quarter of 2013 Third-quarter … Read More

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Southwire Expanding In Bremen, New Jobs By 2016

BREMEN – Southwire Company, a wire and cable manufacturer, announced plans today to expand its operations here, creating up to 105 new jobs by 2016. The Georgia-based company, which purchased Illinois-based Coleman Cable in February, will invest $2.1 million to purchase and equip a new 48,000 square-foot facility … Read More

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Small Business Administration Hits Lending Record In 2014

By MIGUEL AYALA Small Business Association The U.S. Small Business Administration 7(a) Loan Program reached another lending record in fiscal year 2014, announced today by SBA Administrator Maria Contreras-Sweet. By the end of the fiscal year, Sept. 30, SBA had approved 52,044 7(a) loans for $19.19 billion, an … Read More

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IU Kelley School Of Business Expects Strong Economic Recovery In 2015

INDIANAPOLIS – In their annual forecast presented today, Indiana University Kelley School of Business economists were more optimistic than they have been in recent years, suggesting that 2015 could be the best year of economic recovery since the Great Recession. “During the past year, the United States economy … Read More

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Parkview Extends Services with UnitedHealthcare Agreement

Fort Wayne – UnitedHealthcare, a UnitedHealth Group company (NYSE: UNH), and Parkview Health have agreed to a new multi-year agreement that gives United Healthcare’s Commercial and Medicare Advantage Complete Choice members uninterrupted in-network coverage from United Healthcare at each of Parkview’s hospitals, physician’s offices, walk-in clinics and for … Read More

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Midwest Eye Consultants Announces Wabash Expansion, New Jobs

WABASH – Midwest Eye Consultants, P.C. announced plans today to open a lens coating laboratory in Wabash, creating up to 31 new jobs by 2018. The homegrown-Hoosier company will invest $2.39 million to lease, renovate and equip Lens Source Optical Lab, a 14,000 square-foot lens manufacturing operation in … Read More

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Patrick Industries Showing Third Quarter Gains, RV Industry Rebound

ELKHART – Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle (“RV”), manufactured housing (“MH”) and industrial markets, today reported its financial results for the third quarter and nine months ended Sept. 28, 2014. Net sales for the … Read More

BiometCorporate

Biomet Pay Over $6 Million to Resolve False Claims Act Allegations

EBI LLC, doing business as Biomet Spine and Bone Healing Technologies and Biomet Inc. have agreed to pay $6.07 million to resolve allegations that EBI violated the False Claims Act by paying kickbacks to induce use of its bone growth stimulators and billing federal health care programs for … Read More

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‘Life Science Innovation Capital In Indiana Report’ Shows Gains

INDIANAPOLIS – A new report, commissioned by BioCrossroads and conducted by the Battelle Technology Partnership Practice, takes an in-depth look at Indiana’s capital market and the innovation outputs that have resulted over two different time frames: 1993 to 2002 and 2003 to 2013. It also provides a view … Read More

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Eli Lilly, Boehringer Ingelheim Strengthen Diabetes Alliance

INDIANAPOLIS – In a move that will strengthen their alliance by enhancing efficiencies and enabling greater focus on product launches, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY) are changing the operational and financial structure of their diabetes alliance in certain countries. Under the revised agreement, 17 … Read More

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Tax Foundation Names Indiana A Top Business Climate

INDIANAPOLIS – Indiana’s growing national reputation as a state that works for business has received another boost. Indiana ranks 8 overall in the Tax Foundation’s 2015 State Business Tax Climate Index, up from 10 in 2014, and remains the top state in the Midwest for business tax competitiveness. … Read More

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Indiana International Airport Constructing World’s Largest Solar Farm

Indianapolis – The Indianapolis Airport Authority (IAA) is pleased to announce that it will soon have the largest airport solar farm on the planet, able to supply enough energy to power 3,200 homes. When completed the IND Solar farm will encompass more than 150 acres, with more than … Read More

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Country’s First Training Hotel Coming To Muncie

MUNCIE – The Arc of Indiana’s groundbreaking ceremony for the country’s first training institute and teaching hotel for people with disabilities will take place at 11 a.m. Tuesday, Oct. 28, at the Muncie Horizon Convention Center, 401 South High Street. The project, which will include a training institute, Courtyard … Read More

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Lake City Bank Announces Record Quarter

WARSAW – Lakeland Financial Corporation (Nasdaq:LKFN), parent company of Lake City Bank, today reported net income of $11.5 million for the third quarter of 2014, an increase of 18 percent versus $9.8 million for the third quarter of 2013. Diluted net income per common share increased 17 percent … Read More