Toyota model made in Indiana getting sleek overhaul
Toyota Motor Corp. is revamping the Highlander SUV, turning the car-based crossover into a more wagon-like model as the automaker seeks to keep its U.S. sales rising for a third consecutive year.
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Rolls-Royce late with key part for F-35 fighter
Rolls-Royce Holdings Plc was an average of 160 days late last year in delivering equipment needed for the U.S. Marine Corps version of the F-35 fighter to hover and land like a helicopter, according to the Pentagon.
Postal service can’t cut Saturday delivery, U.S. GAO says
The U.S. Postal Service doesn’t have the legal authority to cut Saturday mail delivery as Postmaster General Patrick Donahoe has said it will do, the Government Accountability Office said Thursday.
NCAA titles don’t guarantee windfalls for universities
While supporters of big-time college athletics say basketball championships increase sports revenue, stimulate fundraising and encourage student applications, data compiled by Bloomberg News show that not all of that is true, and there’s no guarantee of a lasting effect.
Butler announces move to new Big East conference
Butler University, Creighton and Xavier will join the so-called Catholic 7 schools in the new basketball conference, the schools announced Wednesday. The conference agreed to play its men’s basketball tournament at Madison Square Garden for the next three years.
FDA probe of diabetes medications hurts drugmakers’ stock
Shares of several pharmaceutical companies that make diabetes medicines, including Eli Lilly, fell after U.S. regulators warned they are looking into potential risks of drugs in two classes of diabetes treatments.
Republic’s deal with American wins court approval
American Airlines, the carrier reorganizing in bankruptcy, won court approval of an agreement for Republic Airways Holdings Inc. to operate regional jets for American.
ITT Educational Services accused of defrauding investors
ITT Educational Services Inc. has been sued by investors who accuse the for-profit college of making misstatements about its private student-loan program, which was the subject of a subpoena from U.S. regulators.
Overseas tax savings for U.S. drugmakers under threat
Eli Lilly and Co. and five other big drugmakers avoided paying $7 billion in U.S. taxes last year by shifting their profits overseas. The strategy has drawn the ire of some legislators.
Carlyle to manage $150M investment fund for Indiana
Washington, D.C.-based Carlyle Group LP, the world’s second-biggest private-equity firm, was awarded a contract to manage a new $150 million investment fund on behalf of the Indiana Public Retirement System.
Lilly sues Genentech to invalidate Erbitux-related patents
Eli Lilly and Co. has sued Roche Holding AG’s Genentech unit, asking a court to invalidate patents used to make treatments for cancer and autoimmune diseases.
ITT Educational shares sink after SEC seeks loan documents
Shares of ITT Educational Services Inc., one of the country's largest for-profit colleges, tumbled nearly 17 percent Monday after it disclosed that U.S. regulators subpoenaed documents related to private loan programs for its students.
Testosterone for diabetes may be new market for Lilly, others
Researchers suspect the sex hormone known to increase libido and musculature could also play a role in preventing a form of diabetes that tends to strike later in life and afflicts more than 330 million people worldwide.
Dow AgroSciences wins bid to overturn pesticide guidelines
Indianapolis-based Dow Agrosciences LLC and two other pesticide makers won a bid to overturn U.S. National Marine Fisheries Service proposals to protect salmon when an appeals court found the agency’s decision “arbitrary and capricious.”
NCAA sues Pennsylvania over $60M Sandusky abuse fine
The governing body for college sports says that the state is violating the U.S. Constitution by passing a law that confiscates the $60 million sanction imposed against Penn State in the Jerry Sandusky child-abuse case.
Miami accused of lack of control by NCAA, ESPN reports
One day after the NCAA fired its head of enforcement for allegedly botching an investigation into the University of Miami, the Indianapolis-based organization is accusing the school of failing to control its athletic department, ESPN reported.
Lilly’s Alzheimer’s effort may gain from brain-mapping plan
Roche AG and Eli Lilly and Co., two drugmakers racing to develop treatments for some of the least understood brain disorders, may gain the most from a U.S. government boost in funding to fully map the human brain.
WellPoint exec Carlson leaving insurer after losing CEO bid
Former Amerigroup Corp. CEO James Carlson will leave WellPoint Inc., the company said Friday—three days after he was passed over for the Indianapolis-based insurer’s top job.
NCAA asks court to toss suit over Sandusky fine
The Indianapolis-based National Collegiate Athletic Association asked a federal judge to throw out a Pennsylvania lawsuit challenging penalties imposed on Pennsylvania State University over the Jerry Sandusky child-abuse case.
Lilly halts late-stage testing of rheumatoid arthritis drug
Eli Lilly said it is halting testing of experimental drug tabalumab because the studies show the medicine is not effective. The company said it expects to take a $50 million charge in the first quarter related to the research expenses from the drug.