MISO takes control of Entergy system, extends grid to Gulf
The Carmel-based power grid operator is expanding its footprint from Manitoba and the U.S. Midwest to the Louisiana coast.
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Pfizer, Teva reach deal to allow generic Viagra
Fifteen years after Pfizer Inc.’s Viagra changed the sexual equation for older men, the blockbuster impotence drug is set to become available in a less expensive generic form as early as 2017.
U.S. invalidates 33.5M renewable fuel credits after fraud
The U.S. Environmental Protection Agency said it has invalidated renewable fuel credits sold by an Indiana company for biofuel it didn’t produce. The filing Wednesday follows fraud charges filed against the former owners of the Middletown-based E-Biofuels LLC in September.
SEC targets misleading CEO pay-for-performance
The inconsistent measures that companies use to disclose CEO pay is the newest battleground in executive compensation. As the SEC works on a rule to require pay-for-performance reports, it also plans to end the wide latitude enjoyed by firms when they compute the numbers.
Indiana church expected to repay creditors fully in 25 years
The Madison Park Church of God in Anderson has a green light to exit bankruptcy under a Chapter 11 plan approved by an Indianapolis judge late last week.
Group plans $2.8B mall buy from firm with heavy Simon ownership
Carrefour SA joined a group of institutional investors to buy 127 European shopping malls in a $2.75 billion deal with Klepierre SA, which is 29-percent owned by Simon Property Group.
Lilly foe still testing Alzheimer’s theory where others failed
Since 1998, there have been more than 100 attempts to develop an Alzheimer’s treatment, and all have failed. Such a product may generate as much as $5 billion annually for Merck, according to analysts
GM taps female CEO; ex-Cummins chief named chairman
General Motors Co. named Mary Barra to succeed Dan Akerson as chief executive officer, making her the first female CEO in the global automotive industry. Former Cummins Inc. CEO and chairman Tim Solso was named GM's chairman.
Costs of rare November storms, tornadoes top $1 billion
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc.
Parties disagree on combining NCAA concussion lawsuits
Head-trauma lawsuits by ex-football players filed against the NCAA defy easy consolidation—unlike National Football League cases consolidated by federal judges and later settled for $765 million.
Lilly depression drug fails to meet goals in studies
Edivoxetine, a derivative of Lilly's Strattera drug for attention deficit disorder, was in the final of three stages of testing usually required for marketing approval by U.S. regulators.
Lilly called likely suitor for Novartis veterinary unit
Novartis AG’s animal-health business is drawing interest from drugmakers including Indianapolis-based Eli Lilly and Co. and Merck & Co. as the Swiss pharmaceutical giant prepares to sell the unit, people with knowledge of the matter said.
Sales of NBA floor space off to slow start
The Indiana Pacers were the first NBA team to jump on the opportunity to sell advertising on the court. So far, just two other teams have followed suit.
Shoppers flood stores in bargain-hunting spree
Faced with smaller crowds of less confident consumers, as well as six fewer days between Thanksgiving and Christmas than last year, retailers are pouring on margin-eating discounts to grab market share.
Private toll road investors shift financial risk to taxpayers
Companies that build private toll roads are pressing states, including Indiana, to assume more financial risk of traffic not meeting expectations, a change that benefits the operators while threatening to increase taxpayer costs.
Democrats now run biggest cities, except Indianapolis
When Democrat Bill de Blasio takes office in New York City on Jan. 1, Indianapolis will become the most populous U.S. city run by a Republican mayor.
New Carmel company to boot J.C. Penney off S&P 500
J.C. Penney, which is trying to bounce back from its worst sales year in two decades, will be replaced by Carmel-based electronic security company Allegion, which is being spun off by Irish industrial conglomerate Ingersoll-Rand Plc.
ITT, Corinthian face consumer bureau probe over lending
The U.S. Consumer Financial Protection Bureau is investigating at least two for-profit colleges, including ITT Educational Services Inc., over potentially abusive practices in marketing and originating student loans.
Loss of Camry production in state not certain, exec says
Toyota Motor Corp.’s top North American executive said the carmaker hasn’t decided to end a production deal that supplies it with 100,000 Camry sedans annually from Fuji Heavy Industries Ltd.’s U.S. Subaru plant in Lafayette.
NCAA sues Electronic Arts over athlete lawsuit settlement
The National Collegiate Athletic Association sued Electronic Arts Inc., saying the video-game maker hasn’t agreed to indemnify the NCAA for legal claims by college athletes and hasn’t maintained insurance to do so.