Eli Lilly and Co. announced today that CEO John Lechleiter will also gain the additional title of chairman on Jan. 1. Lechleiter will replace Sidney Taurel, who is retiring. Lechleiter took over for Taurel as CEO on April 1. Lilly directors today also named Taurel as chairman emeritus.
Casino Aztar, the riverboat docked at Evansville, will be sold at auction Nov. 18, according to the Evansville Courier & Press. The casino had been sold to Reno, Nev.-based Eldorado Resorts LLC in March for as much as $245 million, but then the owner, Tropicana Entertainment LLC, sought bankruptcy protection, negating the sale. A Delaware […]
Indiana University fielded $408.6 million in support from donors and non-government research grants in its most recent fiscal year, the university announced today. The figure was a record. Gifts to IU Foundation and Riley Hospital for Children hit records, and nongovernmental grants were the second-highest ever.
St. Francis Hospital & Health Centers has reached a contract with managed-care giant Humana Inc. to provide health services to Humana’s 164,000 members in Indiana, the parties announced today. St. Francis has been out of the network since June 2007. St. Francis facilities included in the agreement include St. Francis Hospital & Health Centers in […]
Carmel-based Conseco Inc. disclosed late yesterday that it hassuffered a $40 million loss on sales of its investments in Lehman Brothers, American International Group and Washington Mutual Inc. As of yesterday, Conseco still had $103 million invested in the companies. Wall Street firm Lehman has gone bankrupt; AIG, a giant insurer, is being bailed out […]
Browning Investments Inc. plans to build three warehouses in Hancock County near I-70 and Mount Comfort Road, the Indianapolis-based developer said today. The facilities, which are being built on a speculative basis, will total at least 1.3 million square feet and sit on 153 acres at Mount Comfort Road and County Road 300 North. Joining […]
Several major expenses caused Indiana Business Bancorp to report a $163,465 loss in the second quarter, the Indianapolis-based parent of Indiana Business Bank reported today. The bank generated a $12,347 profit in the same period last year. Contributing to the loss was the addition of four employees and ratcheting up its provision for loan losses […]
Within just 45 minutes later this month, the RCA Dome will disappear from Indianapolis’ skyline, the Indiana Stadium and Convention Building Authority said today. The deflation, scheduled for Sept. 24, will be accomplished by turning off the fans that have kept the roof inflated since the dome was built in 1984. The Indianapolis Colts’ home, […]
Parkview Health, a hospital system headquartered in Fort Wayne, has bought naming rights to the city’s new $30 million minor-league baseball stadium. Payments made under the 10-year, $3 million deal will be split between the city and team owner Hardball Capital, with the city planning to spend its share on stadium capital improvements. The not-for-profit […]
A federal grand jury in Indianapolis has indicted Indianapolis resident James Moore, 27, accusing him of defrauding various banks out of $120,000. Moore obtained the money in cash payments after giving banks false information about the amount of money he had on deposit on various prepaid debit cards, U.S. Attorney Tim Morrison said in a […]
WellPoint Inc. expects to lose $214 million of its $243 million in investments in troubled housing lenders Fannie Mae and Freddie Mac, the Indianapolis-based health insurer disclosed yesterday. WellPoint said it would take a charge for the losses in the third quarter, but that the total figure is difficult to predict considering the volatility of […]
Indianapolis-based radio and magazine company Emmis Communications Corp. has formed a partnership to broadcast ethnic programming to Indian, Pakistani and other South Asian communities in Chicago, Los Angeles and New York. The partner, New York-based WorldBand Media LLC, will send its programming over Emmis’ high-definition radio bandwidth, Emmis said today. The signals are expected to […]
Noblesville-based truck body maker Warner Bodies Inc. has added 30,000 square feet of production space following its January acquisition of Metro Products in Indianapolis. The $850,000 deal included the food processing, chemical and pharmaceutical equipment Metro made through its Langsenkamp division. Warner is adding 15 employees to its existing roster of 80.
AmeriQual Group LLC, an Evansville company that makes ready-to-eat meals for the military and vending machines, plans to hire 400 temporary workers due to rising demand from hurricane-stricken areas. The positions are available in general production, warehousing and packaging, according to the Evansville Courier & Press.
One of the world’s largest health care suppliers plans to open a distribution center and warehouse in Plainfield. Pennsylvania-based Siemens Healthcare USA is taking a big chunk of a 500,000-square-foot building at 2150 Stanley Road, company spokesman Lance Longwell said. Longwell confirmed the deal but declined to disclose specifics, saying an announcement of the number […]
The sluggish economy has prompted several companies to close plants or lay off workers in the state in recent days. They include: -Jasper-based Kimball International Inc. said it will close its furniture factory in Borden and move the operation to its Salem plant, also in southern Indiana, according to the Evansville Courier & Press. Capacity […]
Riley Children's Foundation has received a $1 million gift from Jim Irsay and the Indianapolis Colts, the foundation announced this afternoon. The foundation supports Riley Hospital for Children. The foundation also announced that Lucas Oil Products founder Forrest Lucas, who bought naming rights to the new Colts stadium, has joined the foundation board.
Enough evidence of fraud by Eli Lilly and Co. in its marketing of Zyprexa exists to go ahead with a jury trial, a judge in New York has ruled. Plaintiffs in the case claim Lilly urged physicians to prescribe the schizophrenia and bipolar disorder drug for uses not approved by the federal government. Insurance companies, […]
Ball State University is embarking on its largest capital campaign in the Muncie school’s history, seeking to raise $200 million. Officials announced the goal this morning and hope to raise the money by 2011. Roughly $122 million already has been raised. Much of the money will be used to fund 200 new scholarships and more […]
Locally based Ingersoll Rand Security Technologies plans to expand its east side manufacturing operations, creating 40 jobs, the Indiana Economic Development Corp. announced this morning. The 100-year-old company makes panic release bars and electronic security products for exits. It will invest $6.1 million to upgrade equipment at its Tobey Drive plant, which already employs 530. […]
