As shareholders gather April 19 for Eli Lilly and Co.’s annual meeting, more of them than ever will come with an unusual question:
Will Lilly be able to keep paying its dividend?
Reorganizing school districts is difficult, but we Hoosiers have done so before.
Superintendent of Public Instruction Tony Bennett invites heads of teachers unions to meeting to publicly share reform ideas instead of “bureaucratic rhetoric and no
specifics.”
Newcomer Carmel Repertory Theatre lands $75,000 from city.
Indianapolis-based Strand Analytical Laboratories LLC sold its paternity and immigration DNA testing unit
to Orchid Cellmark Inc., a New Jersey company with annual revenue of $450,000. Financial terms were not disclosed.
Beginning in late June, Eli Lilly and Co. will move all 1,000 employees at its Faris campus on South Meridian
Street in Indianapolis to its Lilly Corporate Center complex on McCarty Street. Lilly’s ongoing staff cuts have reduced
its need for the Faris space, and the Indianapolis company wants to locate its employees on the same campus as part of a new
business structure. The company hired CB Richard Ellis in August to lease the 465,000 square feet on the Faris campus. Lilly
first said in October that it would move all 1,000 employees out of the Faris complex. The campus opened in late 2002.
Purdue University has received $14.9 million in federal stimulus funding from the National Institutes of
Health to expand its Bindley Bioscience Center for cancer and life sciences research in West Lafayette. Purdue expects to
hire 30 to 40 people to conduct federally funded research on animals at the center once the expansion opens in April 2013.
The 29,000-square-foot addition will be called the Multidisciplinary Cancer Research Facility at Purdue. Construction is set
to begin in August. The Bindley Bioscence Center, located on Purdue’s Discovery Park research campus, opened in 2005.
The existing facility is 50,000 square feet.
Local not-for-profit wants annual $150,000 grant from the Capital Improvement Board restored to better market the Circle City
Classic.
Stimulus dollars from the National Institutes of Health expected to spark 30 to 40 new research jobs by 2013.
Not-for-profit hopes to have $150,000 in annual funding restored, particularly now that it has taken on the additional duties
related to the Circle City Classic.
Concerns about separation of church and state have prompted a national watchdog group to express reservations.
Your editorial in the March 29 edition praising State Farm and city leaders for the commitment to the [2012 Super Bowl] housing
“legacy project” was very commendable. But we do have a correction to what you stated about our piece of the project.
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research,
and hopes to see its product in more
foods and drinks, perhaps even mouthwash.
Two problems come with prevalent use of adjunct instructors: a perception that adjuncts reduce the quality of instruction
and the adjuncts’ frustration with low levels of pay, security and benefits, and appreciation.
The City-County Council gave its official blessing to two Catholic schools in poor neighborhoods converting into secular charters;
they will receive new names by fall.
The Women’s Fund of Central Indiana recently completed an endowment drive that raised $7 million, making the endowment one
of the largest of its kind in terms of assets.
A portion of the Monon Trail will close for a week beginning on or after April 5 for repairs to uneven pavement caused by
unruly root development. The 140-foot section is located north of 86th Street and south of 91st Street; a detour route will
be available to the west. Indy Parks’ 2009 Capital Improvement Budget is funding the $14,800 cost of the project.
A wave of up-and-coming angel investors in the Indianapolis area are quietly accumulating the expertise and thick wallets
necessary to back startups that are at once risky and rich with potential for lucrative returns.
Both the Indiana and U.S. income growth rates
are extremely small and each rounds off to a measly 0.6 percent. To be somewhat healthier than your sickly neighbors does
not mean that you are well.
The provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer
was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
Indiana House Speaker Pat Bauer of South Bend and Senate Minority Leader Vi Simpson of Bloomington say the litigation wastes
taxpayer dollars at a time when the state is cutting its funding to schools.
Rural Community Academy, in Sullivan, south of Terre Haute, can enroll as many as 280 students in the 2010-11 academic year. Those students would do most of their work from home, accessing lectures and school materials via the Internet.
