IRL: 2013 or bust
I wrote an article about the Indy Racing League’s long-term future for this week’s IBJ print edition that is getting quite a bit of attention from our readers. There are several reader comments…
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Critics: Tax hike ‘defies logic’
Critics say the Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial
burden on already ailing businesses with the least ability to pay.With pharma famine looming, Lilly relying on snack-size deals
Compared with some of his pharmaceutical CEO peers these days, John Lechleiter has his company on a diet. Instead of using a mega-merger to bulk up before the famine that patent expirations will bring on the industry next year,
Lechleiter has Eli Lilly and Co. burning management fat while looking for smaller companies to munch on.Allison Transmission invests in British engineering firm
Though plagued by debt, Allison Transmission recently plowed millions of dollars into experimental technology that could lead
to new products.George gives IRL four years to break even … or else
Indy Racing League founder Tony George dropped a bombshell in December when he told an industry group that he would shut down
the open-wheel series if it didn’t break into the black soon.HEALTH CARE
HEALTH CARE Pharma sets sail to China Drug companies-including Indianapolis-based Eli Lilly and Co.-are looking to ramp up sales internationally as the U.S. market contracts for the first time in 50 years. Sales of pharmaceuticals will fall 1 percent to 2 percent in the United States this year, according to a revised forecast from Connecticut-based […]
MEDIA & MARKETING
MEDIA & MARKETING Panther Racing sues Pathway Productions Indy Racing League team Panther Racing has filed a lawsuit against locally based video and Web production company Pathway Productions, which is now owned by Mays Chemical Co. President William Mays. The lawsuit seeks $1.58 million. Panther co-owner John Barnes claims Pathway failed to develop Web-based interactive […]
A smaller appetite-WEB ONLY
Compared with some of his pharmaceutical CEO peers these days, John Lechleiter has his company on a diet. Instead of using a mega-merger to bulk up before the famine that patent expirations will bring on the industry next year, Lechleiter has Eli Lilly and Co. burning management fat while looking for smaller companies to munch […]
Tony George gives the IRL a deadline-WEB ONLY
Indy Racing League founder Tony George dropped a bombshell in December when he told an industry group that he would shut down the open-wheel series if it didn’t break into the black soon. When pressed about the possibility of being profitable by 2013, George responded, “It has to be, or or there won’t be a […]
Critics: Tax hike ‘defies logic’-WEB ONLY
The Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial burden on already ailing businesses with the least ability to pay. That’s the assessment of the Indiana Chamber of Commerce and Indiana Manufacturers Association, which are howling in protest at Gov. Mitch Daniels’ refusal to veto […]
Allison invests in British engineering firm-WEB ONLY
Though plagued by debt, Allison Transmission recently plowed millions of dollars into experimental technology that could lead to new products. The company entered a $10.4 million deal in March with Torotrak plc, a British firm that’s been trying for more than a decade to bring its gearless transmission to market. “When I saw Allison tie […]
Sondheim spoken here
Missed the Stephen Sondheim/Scott Simon chat that occurred on the stage at IU Auditorium last night? Sorry to hear that. It’s not the same thing as being there, but I’ll empty the notebook for those who weren’t part of the sizable crowd…
Measuring stimulus job creation difficult-WEB ONLY
When Ed Pegler was laid off from his highway construction job four months ago, the 47-year-old father of two didn’t know when he’d be back to work. Then the phone rang. There was a job, paid for by the federal stimulus law. It’s a story the White House hopes to repeat 3.5 million times, to […]
Jobless fill lull by volunteering
Volunteer managers say they’ve seen an influx this year of people who’ve lost their jobs, as well as students who are anticipating a tough market after graduation. The volunteers are welcome, especially as charities themselves have fewer paid employees.
Dan Laikin on sidelines as others admit guilt in stock-manipulation scheme
Carmel businessman Dan Laikin finds himself in the awkward spot of denying wrongdoing at the same time the three men accused
of conspiring with him in a stock-manipulation scheme are admitting guilt.ChaCha co-founder dancing to different drum
ChaCha Search Inc. co-founder Brad Bostic has stepped down as president of the human-assisted Internet search company, which
is struggling to turn a profit in a dismal advertising climate, but he hasn’t left. "Brad is still engaged with the company
as a director, co-founder and consultant," said co-founder and CEO Scott Jones.‘Buy local’ offers no protection for bad businesses
These days, the "buy local" crowd seems to have a stronger voice. I am gleeful about this for a variety of reasons, but it
is helpful to view some of their claims with a bit of skepticism. At least that is what economists should do.Grad students dream up plans for mass transit
Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling
than the Central Indiana Regional
Transit Authority’s principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running
a diesel commuter train atop the old Nickel Plate Railroad corridor.Fast-growing tanning chain hot on Indianapolis market
Fast-growing tanning chain hot on Indianapolis market Kentucky-based company aims for 25 salons in area At a time of retrenchment for most retailers, Elizabethtown, Ky.-based Sun Tan City is enjoying a growth spurt that has brought it to the Indianapolis market in a big way. Since November 2008, it has opened eight salons in central […]
Dreaming of mass transit-WEB ONLY
In the future, a passenger boards a commuter train in Noblesville that minutes later stops near 56th Street and Keystone Avenue. Here, a semicircle of eco-friendly high-rises hovers above a grassy plaza bordered by canals. At the next stop, another new community has sprouted just east of the Indiana State Fairgrounds, along Fall Creek. Amid […]