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Living Rent-Free

(04/06/04 12:36am)

While most students are searching for housing next year or scrounging funds for security deposits, junior Kari Salyer is resting easy. Salyer will be living rent-free next year at Smallwood Plaza after winning a raffle Friday. Salyer's name was drawn from a pool of almost 2,000 entries. Her prize, the rent for a two-bedroom apartment in Smallwood Plaza, is valued at more than $12,000.

Business Briefs

(04/06/04 12:40am)

Tyco suit ruled a mistrial NEW YORK -- With the jury possibly minutes from a verdict after a trial that lasted nearly six months, a judge declared a mistrial Friday in the corruption case of two former Tyco International executives, saying outside pressure on one juror had left him no choice.

Eli Lilly gives $6 M after settling lawsuit

(04/13/04 1:16am)

INDIANAPOLIS -- A medical research foundation that settled a $100 million drug patent lawsuit against Eli Lilly and Co. a year ago found itself on the receiving end of a $6 million gift from the drug maker Tuesday, with past harsh words replaced by mutual praise. The money to create two endowed faculty chairs in biomedical research is the largest gift in the Oklahoma Medical Research Foundation's 58-year history, said Adam Cohen, director of legal and public affairs.

Pedaling toward profit

(04/20/04 1:25am)

This weekend's Little 500 promises parties and excitement to students and those visiting IU as spectators to witness the world's "greatest college weekend." But the event also draws quite a crowd to the local scene as spectators and students alike spend money at local restaraunts, bars, hotels and other area businesses.

Business Briefs

(04/20/04 1:29am)

Former Qwest execs acquitted DENVER -- A federal jury acquitted two former Qwest executives of improperly booking nearly $34 million in revenue, a stinging defeat for the government in the first criminal trial stemming from accounting irregularities at the telecommunications giant.

Professor juggles teaching with entrepreneurship

(04/27/04 12:32am)

George Marakas is no ordinary IU professor. In fact, he's much more than just that. Since the fall of 2002, Marakas has juggled his associate professor position at the Kelley School of Business in Information Systems and his own business on his back. Almost two years ago, Marakas, CEO of Indiana Audio Mastering and Duplicating, opened a music plant that did just that -- mastered and duplicated CDs for bands and businesses.

Cosmetic pioneer Estee Lauder dies

(04/27/04 12:33am)

NEW YORK -- Cosmetics pioneer Estee Lauder, whose pots of potions and tubs of moisturizers have turned the clock back for millions of faces across the globe, has died at the age of 97. Lauder, who helped launch product lines including Estee Lauder, Clinique, Aramis, Prescriptives and Origins, died of cardiopulmonary arrest Saturday at her Manhattan home, said Sally Susman, a company spokeswoman.