A Carmel startup that hopes to research drug components here and make them in China has just raised $12 million in venture capital-despite the recession and a deep freeze in financial markets. The founder of 2-year-old Waterstone Pharmaceuticals Inc. is Chinese native Faming Zhang, 44, a former Eli Lilly and Co. executive and Indiana University […]
As restaurant locations go, Tomato Pie’s is far from ideal, tucked away in an aging strip mall in the shadow of Interstate 465 (9611 College Ave., 815-0011). But the pizza menu at this locally owned bistro aims to be noticed, with an ambitious array of unusual toppings like boiled eggs, linguine noodles and lentil beans […]
Members of an exclusive Noblesville golf club are worried the operation might fold under financial pressure, but the facility’s operators say a predicted cash infusion will keep golf balls flying this spring. Obtaining the cash needed to keep The Sagamore Club operating could be a tall order in this rough economy, which has seen courses […]
As restaurant locations go, Tomato Pie’s is far from ideal, tucked away in an aging strip mall in the shadow of Interstate 465 (9611 College Ave., 815-0011). But the pizza menu at this locally owned bistro aims to be noticed, with an ambitious array of unusual toppings like boiled eggs, linguine noodles and lentil beans […]
Eli Lilly and Co.’s guilty plea for improper marketing of Zyprexa is its second such plea in just over three years.Indianapolis-based Lilly pleaded guilty to one violation of the Food, Drug and Cosmetic Act on Thursday and agreed to pay $1.42 billion to settle both that criminal charge as well as civil lawsuits in which […]
Max Siegel, former president of global operations for Dale Earnhardt Inc., is coming back to the local law firm where his career began. As reported in the IBJ in November, Siegel began contemplating…
Claims-payment snafus caused by computer problems are causing fits for WellPoint Inc. – again. The federal Medicare program told WellPoint it can no longer sign up new customers for the Medicare plans it operates, the company confirmed late yesterday. That’s because its claims-payment problems caused some seniors to be denied payment for their medications, putting […]
A group planning to make a movie about the very first Indianapolis 500, is eyeballing more than 200 acres in Whitestown to build a replica Indianapolis Motor Speedway.
Justin Escue, a locally based movie…
Anthem Blue Cross and Blue Shield’s growing market dominance in Indiana is sparking a backlash from doctors who plan to push
a bill this year in the Indiana General Assembly that would allow physicians to reject patients covered by massive health
insurer.
Students, commerce and emerging media have moved to the forefront of Ball State’s mission under President Jo Ann Gora, attracting corporate dollars to the university.
Even as the economy tanks, locally based MainGate Inc. continues to ink major merchandising deals. This week, MainGate signed a deal with the Kansas City Chiefs. This comes on the heels of a…
As expected, Gov. Mitch Daniels today proposed balancing the state’s next two-year budget by maintaining current spending levels on several programs while delaying funding for others. Public safety and public schools are among those that would not receive funding increases. Even so, $180 million in new money would need to be included in the budget […]
The Indianapolis Museum of Art today announced a series of cutbacks designed to trim $1.7 million from its budget due to revenue shortfalls and “significant losses” to its endowment. As of Nov. 30, IMA’s endowment was worth $278.5 million, down 27 percent from the same date in 2007. The museum is trimming expenses for the […]
The man who created Phase 10 is suing to yank Plainfield-based Fundex Games’ rights to make and market the popular card game.
Indiana Secretary of State Todd Rokita has issued a warning about a fraudulent letter targeting Indiana businesses.
There’s a simple reason why Indianapolis Colts quarterback Peyton Manning is spilling his guts to Sports Illustrated and ESPN this week about his knee injury and rehabilitation process earlier this year, and not…
The Penrod Society is reeling from news that one of its top volunteers allegedly absconded with $380,000 – every penny the organization earned from its annual art fair, plus reserves. “It’s devastating news for us. It’s devastating news for the arts community,” said President Jimmy Art. The 42-year-old society stages the Penrod Arts Fair, held […]
Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.
These days, when an Indiana National Guard member or military reservist is called to active duty, that "weekend warrior" may
be gone for a good deal longer than a weekend.
It was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer’s stock lost
more than 55 percent of its value during the year.
