IndyCar, Brazil renew ethanol deal
INDIANAPOLIS — The Indy Racing League (IRL) has renewed a fuel supply agreement with the Brazilian Sugarcane Industry Association. The IZOD IndyCar Series will continue to use sugarcane ethanol to fuel its cars, including those running in this year’s Indianapolis 500.
Auto union boss: Indiana to benefit
MARION — United Auto Workers President Ron Gettelfinger believes the U.S. auto industry has proven it can compete with foreign-owned automakers. In Indiana last week, Gettelfinger pointed to major investments at General Motors plants in Fort Wayne, Marion and Bedford as evidence Hoosier autoworkers can compete.
Four Hoosiers on billionaire list
INDIANAPOLIS — This year’s Forbes list of the world’s richest billionaires includes four Hoosiers.
Cook Group Founder Bill Cook remains the richest person in Indiana, with an estimated worth of $4.5 billion. Hotel management company White Lodging head Dean White, Indianapolis Colts Owner Jim Irsay and Simon Property Group co-founder Herb Simon are also on the list.
Indiana harbors to be upgraded
MICHIGAN CITY — Steelmaker ArcelorMittal is pumping millions of dollars into improvements for its Burns Harbor and Indiana Harbor operations. The company says it is part of a $138 million investment in U.S. Flat Carbon operations. The upgrades at Indiana Harbor will expand product capabilities.
Energy deal struck with public trust
INDIANAPOLIS — After months of deliberation, Indianapolis Mayor Greg Ballard has signed a memorandum of understanding with Citizens Energy Group to transfer ownership and management of the city’s water and wastewater treatment utilities. Indianapolis-based Citizens is a public charitable trust, formed more than 100 years ago to operate like a nonprofit.
Elanco to expand European presence
INDIANAPOLIS — Eli Lilly and Co. says it is acquiring the European rights to a portfolio of certain Pfizer Animal Health products. As part of the deal, Lilly’s animal health division, Elanco, will acquire a manufacturing facility in Sligo, Ireland, currently used in the production of animal vaccines. All Sligo employees will be offered positions with Elanco.
Gerry Dick’s Inside Indiana Business briefs appear Wednesdays, Fridays and Sundays in The Herald Bulletin. For more on these stories and more Indiana business news, visit Insideindianabusiness.com.
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Gerry Dick Business Briefs
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Local man kept Super Bowl books
Brad Bowman didn’t hobnob with Hollywood stars or escort sports notables around Indianapolis. Important as those duties were Super Bowl week, his job as chief financial officer of the host committee was more vital, if less glamorous.
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Susan Miller: In business dining, good taste means more than food
A successful business meal requires more than making a lunch date. A deal can sometimes be sealed over the table, but more often than not, a business lunch provides an opportunity to build rapport and learn about your dining companion’s business.
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Local hair salon raises money to prevent cancer patient hair loss
The owner of a local hair salon is leading the fundraising to bring an experimental treatment that helps chemotherapy patients keep their hair to Anderson.
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Mortgage-fraud settlement money could benefit low-income Hoosiers
Low-income families struggling to pay their heating bills may get some relief from an unexpected source: The multi-billion-dollar settlement from banks accused of abusive mortgage practices.
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Executive director of Second Harvest Food Bank will retire
Lois Rockhill will soon retire as executive director of Second Harvest Food Bank of East Central Indiana, but she’s not the only one full of memories of her 23 years there. Many other people have their own.
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Anderson hires consultant to assess software
The city has hired a consultant to help the controller’s office assess financial software that Anderson has used for many years, but typically has not been effective.
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Bedbugs found at Indianapolis children's hospital
An infestation of bedbugs discovered in a room at the Riley Hospital for Children has been contained, a spokeswoman for the Indiana University Health said Monday.
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Emmett Dulaney: When Twitter backfires
Twitter, that innocuous social media tool that lets users send out 140 character snippets to their followers, is being used more and more as a marketing tool.
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Speedway will acquire 88 GasAmerica stores
Nine area GasAmerica stores will be sold to Speedway LLC of Enon, Ohio, as part of a larger acquisition of Gas America Services Inc., company officials said Monday.
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First Merchants says Shelbyville acquisition will aid bottom line
First Merchants Bank believes its weekend acquisition of a failing Shelbyville bank will immediately add to the financial institution’s bottom line.
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