Drugmakers, pharmacists at odds
Indianapolis-based Eli Lilly and Co. recently rejected CVS Caremark’s demands for big price discounts on its insulins, leading CVS to kick Lilly’s insulins off its list of recommended drugs.
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Brokers get hope on commissions
The National Association of Insurance Commissioners passed a resolution Nov. 22 that urges Congress and the Obama administration to exclude benefits brokers’ commissions from the new requirement that insurers spend only 15 percent to 20 percent of the premiums they collect on administration and profits.
SEC accuses Positron CEO of misleading investors
Regulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company without investors’ knowledge.
Southport police chief to resign
Southport Police Chief Steve Davis announced Sunday that he would resign in January to pursue elected office. Davis, the first full-time police chief for the Indianapolis suburb, did not say which office he will seek. He unsuccessfully ran for Marion County sheriff in previous elections. Davis has been Southport’s chief since 2009.
Woman struck, killed at intersection
A 66-year-old woman died Sunday night when she was struck by a car while crossing a road on the north side of Indianapolis. Police say the woman was crossing at the intersection of 86th Street and Colby Road at about 7 p.m. Witnesses told police that the driver tried to swerve, but could not avoid hitting the woman. Her identity has not been released.
District cancels school after thefts
Warren Township Schools called off classes Monday morning after thieves stole batteries from more than two-dozen buses belonging to the suburban Indianapolis district. The thefts were discovered at about 5:30 a.m. Officials said at least 26 buses were damaged over the weekend. Thieves cut cables to steal 50 to 60 batteries from the buses, many of which have dual-battery systems.
Angling for a piece of the pie
As consumers were nursing their Black Friday hangovers and warming up their clicking fingers ahead of Cyber Monday, entrepreneurs nationwide had their sights set on Small Business Saturday.
Jury awards $27M in damages over propane explosion
A jury has held a utility liable for $27 million in damages over a propane explosion at a central Indiana horse farm that killed a man and injured three family members.
New NBA pact could kill NCAA’s one-and-done dilemma
College basketball may be one of the biggest benefactors of the soon-to-be ratified National Basketball Association labor settlement.
Honda’s U.S. plants to resume normal output
Honda Motor Co. said six plants in the U.S. and Canada will reach normal production levels on Dec. 1 after having to adjust output this month because of floods in Thailand.
Community to move rehab service to new $23M hospital
Community Health Network plans to move its inpatient rehabilitation facility from its east-side hospital to a new $23 million, 60-bed facility in the Castleton neighborhood.
International Paper extending layoff of 87 workers
Employees at the company’s Sherwood Packaging plant in Indianapolis expected to return to work in January but now won’t return until “well into the second quarter.”
You-review-it Monday
Did you catch the Monument lighting? Hit the multiplex? Visit the new Tawara Yusaka show at the IMA?
Thanksgiving weekend retail sales jump to record $52.4B
U.S. retail sales during Thanksgiving weekend climbed 16 percent to a record, as shoppers flocked to stores earlier and spent more, according to the National Retail Federation. Sales totaled $52.4 billion, and the average shopper spent $398.62 over the holiday weekend, up from $365.34 a year earlier.
State school chiefs paid more than meets the eye
Indiana’s nearly 300 school superintendents are receiving more compensation than reported in their contracts, with extra payments for benefits such as health insurance counting toward their overall salaries for pension purposes, a newspaper’s investigation has found.
Purdue, IU students lobby for alcohol amnesty law
Student leaders on three college campuses are urging Indiana lawmakers to enact a law that shields underage drinkers from disciplinary action if they report that someone is intoxicated and at serious health risk.
NBA owners, players reach tentative deal
Both sides of the NBA labor impasse reached an agreement early Saturday to end the 149-day lockout and hope to begin the delayed season with a marquee tripleheader Dec. 25. Most of a season that seemed in jeopardy of being lost entirely will be salvaged if both sides approve the handshake deal.
NBA owners, players reach tentative deal
NBA players and owners reached a tentative agreement early Saturday to end the 149-day lockout and hope to begin the delayed season with a marquee tripleheader Dec. 25. Most of a season that seemed in jeopardy of being lost entirely will be salvaged if both sides approve the handshake deal.
Shoppers scuffle on earlier-than-ever Black Friday
A shopper in Los Angeles pepper-sprayed her competition for an Xbox and scuffles broke out elsewhere around the U.S. as bargain-hunters started the madness known as Black Friday. In all, 152 million people are expected to shop this weekend in the U.S., and will account for about 12 percent of overall holiday revenue.
Portugal’s economic crisis deepens as big strike hits
Portugal’s efforts to climb out of its economic crisis suffered a double setback Thursday as its credit rating was downgraded to junk status and a major strike gave voice to broad public outrage over austerity measures that have squeezed living standards.