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BioLife will build center along Getz

BioLife Plasma Services plans to build a new facility at 1450 Getz Road, a company spokesman said Tuesday.

Brian Kyhos, spokesman for parent company Baxter Healthcare Corp., said plans are in early stages. He declined to provide details. Weigand Construction Co. is listed as the contractor on a $2 million building permit filed this month.

The project comes just five years after Baxter invested $5 million in a new plasma collection center at 7921 Coldwater Road.

That 16,000-square-foot center replaced a smaller one downtown at 505 E. Washington Blvd. BioLife in 2007 also announced plans to create 20 new jobs with the move, to bring its local workforce to 55.

The plasma harvested from paid donors is used to treat trauma patients, immune disorders and hemophilia – an inherited disorder in which blood fails to clot.

Builder confidence highest in 6 years

Confidence among U.S. homebuilders inched up this month, to the highest level in more than 6 1/2 years, as builders reported the best market for newly built homes since the housing boom.

The National Association of Home Builders/Wells Fargo index of builder sentiment, released Tuesday, increased 2 points to 47 from a revised 45 in November. That’s the highest reading since April 2006, just before the housing bubble burst.

Readings below 50 suggest negative sentiment about the housing market. The last time the index was at or above that level was in April 2006, with a reading of 51. It has been trending higher since October 2011.

The latest index, which is based on responses from 441 builders, reflects growing optimism that a turnaround in housing will endure.

Shambaugh key player in Idaho yogurt plant

Fort Wayne building company Shambaugh & Son, 7614 Opportunity Drive, said it played a major role in the opening of one of the world’s largest yogurt-processing plants.

Chobani Inc. earlier this week unveiled a $450 million facility in Twin Falls, Idaho. Shambaugh & Son said it was the prime designer and builder for the 10-month project. The company’s duties included site infrastructure, installation of the mechanical, electrical, ammonia refrigeration, fire protection, process equipment and piping that service the plant.

Shambaugh also designed the plant for future expansion and installed technology that enables efficient production.

TheStreet Inc., 3 execs settle accounting feud

The company that operates the financial news website and three executives have settled federal civil charges of accounting fraud.

The Securities and Exchange Commission said Tuesday the company, TheStreet Inc., and the executives engaged in a scheme in 2008 to artificially inflate the company’s revenue and mislead investors. The co-presidents of a company subsidiary and a former chief financial officer of the company agreed to pay a total of about $409,000 to settle the charges.

Co-presidents Gregg Alwine and David Barnett were barred for 10 years from serving as officers or directors of any public company. Former CFO Eric Ashman was barred for three years.

TheStreet Inc. and the three executives neither admitted nor denied the allegations.

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