International Business

Lilly cites 'deep concerns' over China kickback allegations

August 22, 2013
Bloomberg News, Associated Press
Eli Lilly and Co. said it is investigating allegations its employees paid Chinese doctors at least $4.9 million in bribes and kickbacks to promote the sales of two diabetes drugs.
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Indiana exports hit record, but growth slows

August 15, 2013
 IBJ Staff
Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.
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Pence plans first trade mission to Japan as governor

August 12, 2013
Associated Press
Pence's office announced Monday the delegations will leave Sept. 5 and return nine days later after visiting Tokyo, Nagoya and Tochigi Prefecture, Indiana's Japanese sister-state.
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Pence, Coats, German diplomat tout jobs alliance

July 8, 2013
Associated Press
Indiana and German leaders are focusing on training Indiana residents to fill the skills gap between available work and unemployed Hoosiers.
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Hurco acquires Italian machine-tool component business

July 2, 2013
 IBJ Staff
Hurco, which designs and produces interactive computer controls, software and computerized machine tools, does most of its business in Europe.
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Passage to India: Ballard leading weeklong trade trip

April 12, 2013
 IBJ Staff
The Indianapolis delegation will hit the cities of Hyderabad and New Delhi. Visits will focus on information technology, life sciences, and research groups, organizers said.
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Chamber prez Miller resigns after 18 months

April 11, 2013
Norm Heikens
Scott Miller, 45, will leave the Indy Chamber after a short tenure that included leading the body through mergers with several like-minded groups. He tells IBJ he felt that he had already accomplished his major goals and wanted to shift to the private sector.
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Indianapolis chamber absorbs World Trade Club

March 18, 2013
 IBJ Staff
The 46-year-old World Trade Club of Indiana is becoming part of the Indy Chamber—a move organizers hope will give the not-for-profit additional firepower as it works to educate, connect and grow Hoosier businesses in the international marketplace.
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Hillenbrand diversifies by growing whole new businessRestricted Content

January 26, 2013
Kathleen McLaughlin
Casket company turns heads with aggressive foray into equipment manufacturing.
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Lilly agrees to pay $29.4M to settle SEC bribery charges

December 20, 2012
J.K. Wall
According to a statement released by the SEC, Eli Lilly paid $6.5 million—and in some cases gave jewelry and spa treatments—to win government contracts in Brazil, China, Russia and Poland.
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Lilly notifies Canada about NAFTA complaint on Strattera patent

December 6, 2012
Bloomberg News
Eli Lilly and Co. notified Canada it plans to file a trade complaint, claiming court decisions invalidating one of the company’s patents breach international obligations.
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Lilly chief says China too slow in approving new drugs

November 28, 2012
Bloomberg News
China takes eight years longer on average to approve drugs than other major countries, and U.S. drugmakers are looking at ways to help speed things up, Eli Lilly and Co. CEO John Lechleiter said.
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U.S. colleges look to foreign students to help bottom line

November 12, 2012
Associated Press
New figures show international enrollment at U.S. colleges and universities grew nearly 6 percent last year, driven by a 23-percent increase from China. Growth is even higher at Midwest schools like Indiana University and Purdue.
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Steak n Shake opening in United Arab Emirates

October 9, 2012
The Indianapolis-based restaurant chain struck a deal to open 40 locations starting next year in the Middle Eastern country, its first venture outside the United States.
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U.S. Department of Commerce recognizes Indianapolis exporterRestricted Content

September 29, 2012
 IBJ Staff
Hoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.
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Cummins cools off, but Seymour expansion still in worksRestricted Content

August 18, 2012
Dan Human
Cummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion in 2011 to $30 billion in 2015.
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Indiana University planning global studies school

August 17, 2012
Associated Press
Indiana University is planning a School of Global and International Studies in an effort to draw more attention to its international programs.
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Lilly braces for decline in Europe

July 30, 2012
J.K. Wall
Austerity and upheaval in Europe have not hurt Eli Lilly and Co.’s $4 billion-a-year drug business there, but the company is moving forward with plans to survive a coming swoon anyway.
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Chinese business advisers set to scout Indiana sites

July 24, 2012
 IBJ Staff
A group of 20 advisers to Chinese businesses looking to expand in the United States plan to visit several Indiana sites starting Wednesday.
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Indiana city sees many high-skilled immigrants

July 19, 2012
Associated Press
Companies based in a central Indiana city are hiring a greater percentage of people with visas for high-skilled foreign workers than any place in the U.S. other than California's Silicon Valley, according to a new study.
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Abound failure raises questions anew about Obama policies

June 29, 2012
Bloomberg News
The failure of a second solar manufacturer that received loan guarantees from the U.S. Energy Department adds to pressure on President Barack Obama to justify incentives for the clean-energy industry that’s being undercut by Chinese competition.
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Lt. Gov. Skillman leads trade mission to China

June 11, 2012
Associated Press
Indiana Lt. Governor Becky Skillman has embarked on her second trade mission to China in hopes of boosting the market for Indiana-made goods.
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U.S. losing drug-research jobs to other countries

May 17, 2012
Bloomberg News
Eli Lilly and other big pharmaceutical companies are creating thousands of research jobs overseas as countries led by Singapore, Ireland and South Africa boost incentives.
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Promised tariff cuts could spur Indiana exports to China

March 29, 2012
Chris O'Malley
Indiana logistics firms and their manufacturing clients could gain new export opportunities to China if the country follows through on plans to reduce taxes on imported goods.
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Lilly to focus on cancer, diabetes in China, CEO says

March 20, 2012
Bloomberg News
Indianapolis-based Eli Lilly and Co. will introduce “over a dozen” new products in China in the next five years, focusing on “unmet needs” such as cancer and diabetes, CEO John Lechleiter said this week.
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