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Eli Lilly and Co.‘s settlement of Zyprexa litigation sent it to a $466 million loss during its third quarter. But the Indianapolis-based drugmaker exceeded expectations of Wall Street analysts. Lilly spent nearly $1.5 billion to settle a 32-state probe into its marketing and disclosures about Zyprexa, an antipsychotic that is the company’s bestselling drug. It […]
The group that controls Bloomington Hospital voted overwhelmingly last night to continue merger discussions with Indianapolis-based hospital giant Clarian Health. The Local Council of Women opted 316-105 against a resolution that would have rescinded a vote taken by the council on June 16, according to The Herald-Times of Bloomington. That vote, which passed 403-149, cleared […]
Waves of layoffs are going to hit the country as banks tighten lending and companies cut costs, BusinessWeek
predicted in an article this week.
Unlike the dot-com and housing busts of recent years, this time just about every industry…
The city is taking a second look at a tax abatement request for the historic Stokely-Van Camp building at 941 N. Meridian St. Developer Buckingham…
The Steak n Shake Co. has hired an executive to improve operating efficiency of its restaurants as part of an overall turnaround plan. The appointment of Dennis Roberts, formerly chief operations officer at Massachusetts-based Friendly’s Ice Cream, was announced in a letter issued late yesterday by Steak n Shake Chairman and CEO Sardar Biglari. Biglari, […]
Where Indiana University is with its search for a new athletic director is anyone’s guess. IU officials are better—much better—at misdirection plays than its beleaguered football team.
Yesterday, IU spokesman Larry MacIntyre told the…
The latest unnamed source to discuss the future of Chrysler raises the possibility of the company being sold
off in pieces.
This, after it became public that General Motors is interested in Chrysler to snag desperately needed cash.
Nissan…
To celebrate the beginning of their 10th season at Conseco Fieldhouse, the Indiana Pacers will host the first outdoor concert in the venue’s history before the team’s home opener Nov. 1.
A free, 75-minute…
The 54-volume Great Books of the Western World series, a set of books that sold more than a million copies in the 1950s and ’60s, was:
a. an empowering, groundbreaking effort to bring brilliant writing to the masses.
b. a sales stunt perpetrated by Encyclopedia…
Profit at WellPoint Inc. fell nearly 6 percent in the third quarter, but the company added 63,000 new customers during the period. On a per-share basis, WellPoint improved its profit by 10 percent, earning $1.60 per share compared with $1.45 a year ago. Those results surpassed analysts‘ expectations of $1.50 per share, according to a […]
Indianapolis-based Celadon Group Inc. defied a difficult trucking market to report late yesterday that it boosted profit 12 percent in its first fiscal quarter ended Sept. 30. Profit rose to $2.8 million, or 13 cents a share, compared with $2.5 million, or 11 cents a share, for the same period last year. Analysts surveyed by […]
Indianapolis City Market has a new director after the board ousted Joe Dayan, who had overseen a dramatic transformation of the Indianapolis landmark from a glorified food court into more of a public market. It was simply “time for a change,” said Bob Whitt, the board’s president. He wouldn’t say whether the board was unhappy […]
Aearo Technologies Inc., an Indianapolis company acquired nearly a year ago by 3M, plans to expand its operation in the northern Indiana town of Plymouth. The 25,000-square-foot expansion in Heritage Industrial Park is projected to result in 54 jobs in addition to the 90 now working in Plymouth. The manufacturer of goggles, earplugs and other […]
The 500 Festival announced today that Donald Lipski, a nationally known artist whose work graces public buildings and plazas throughout the country, is creating a $300,000 sculpture for Celebration Plaza in White River State Park downtown. The sculpture will honor the Festival’s 50 years of celebrating the Indianapolis 500 Mile Race. Site development begins today, […]
Indianapolis Colts Coach Tony Dungy likes Democratic presidential candidate Barack Obama. That’s just one of the interesting nuggets from this morning’s IBJ Power Breakfast featuring Coach Dungy. The coach stopped short of saying…
A new report says the gap between the rich and the poor is getting wider, and that the gap is biggest
in the United States.
The problem, of course, isnâ??t new. Broadly speaking, the greater oneâ??s education and skills,…
It’s official, kind of. Marty’s party in the Indy Racing League is over. Sources have told IBJ that IRL officials have asked driver and team owner Marty Roth (through intermediaries) to explore other options…
Cleveland-based National City Corp., the second-largest bank in the Indianapolis market, reported more dismal results today and said it plans to cut 4,000 jobs over the next three years in a bid to save more than $500 million. The bank lost $789 million, or $5.86 per share, in the third quarter, its fifth consecutive quarterly […]
Between the upcoming release of Disney’s “High School Musical 3” in theaters–as both an arts journalist and the father of teenage girls, I know a lot about HSM–and my kid’s own real life high school musical (Pike High School’s production…
The Indiana Chamber of Commerce today endorsed Republican Gov. Mitch Daniels for re-election. It was the first time in the business group’s 86-year history that it publicly endorsed a gubernatorial candidate. “Gov. Daniels’ record of accomplishment, particularly in the areas of job creation, innovation and sound financial management, has been critical to our state’s success […]
