LEADING QUESTIONS: Wheeler CEO focuses, plans more beds
Rick Alvis looks back on 20 years at Wheeler Mission and ahead to a capital campaign and expansion of a downtown shelter.
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UPDATE: Analysts praise Lilly diabetes deal with Boehringer
The deal Eli Lilly and Co. announced Tuesday morning with Boehringer Ingelheim GmbH sounded a lot like a baseball trade—with five drugs and payments to be named later—but analysts and investors generally liked what they heard.
Verizon to start selling iPhone next month
Verizon Wireless made the long-awaited announcement Tuesday that it will start selling a version of the iPhone 4 on Feb. 10, giving U.S. iPhone buyers a choice of carriers for the first time.
Emmis reports $1.6 million quarterly loss
The Indianapolis-based media company suffered a loss in the fiscal third quarter despite a 3-percent rise in revenue.
IndyCar Series, Speedway open Hollywood area office
Open-wheel series hires staffer, opens office to bring IndyCar to big and small screens.
Bill would lift ban on booze at Indiana State Fair
Republican Rep. Robert Cherry of Greenfield says alcohol sales could provide needed revenue to the State Fair and allow the event to showcase Indiana wine and beer.
ICVA executives sharing leadership duties
Three hospitality industry executives are holding down the fort as the ICVA board searches for a new leader to replace outgoing CEO Don Welsh. Directors are on no timetable to name a replacement.
Interactive Intelligence expecting strong earnings
Indianapolis-based business-communications software firm said it is expecting higher profit and revenue for both the fourth quarter and fiscal 2010. Lucrative product orders in the fourth quarter should help boost earnings.
Lilly agrees to pay up to $1.2B for diabetes drugs
A complex deal with Boehringer Ingelheim also gives the German company rights to two experimental Lilly insulins.
Daniels’ annual speech could reach wider audience
Indiana Gov. Mitch Daniels may have a bigger audience for his State of the State address as political observers around the country search the speech for clues on whether the Republican will run for president in 2012.
Simon Property abandons offer for Capital Shopping
Simon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres Group Plc after the British company resisted Simon’s takeover interest.
Lilly partner moves up timetable for diabetes drug
Amylin Pharmaceuticals Inc., rebuffed twice in its bid for U.S. approval of a weekly diabetes drug, will meet its timetable and submit a heart-safety study to regulators by the end of 2011, its CEO said.
Advocates say most Hoosiers want school changes
Advocates met at the Statehouse Monday to push education proposals that have renewed life during this legislative session because of support from Gov. Mitch Daniels and leaders in the GOP-controlled House and Senate.
Citimark rejoins development game
The company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
Trail Side funding finally closes
Financing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers to proceed with the project after a funding snag nearly killed it.
Sara Lee to lease 281,000 square feet in Plainfield
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
Bill would let Indiana pharmacies collect old meds
A bill authored by Republican Rep. Kevin Mahan of Hartford City would revise state law so that pharmacies could accept unused prescription drugs from customers and dispose of them securely and safely.
Forty Under 40: Joy Fischer
Among Joy Fischer’s favorite projects as director of marketing and communications for law firm Ice Miller LLP is spearheading an annual survey of Indiana CEOs.
Construction
-Charles C. Brandt Construction Co. completed a 2,400-square-foot tenant build-out in Fashion Mall Commons, 8487 Union Chapel Road, Suite 300, for the relocation of The Cheese Shop from the Fashion Mall at Keystone at the Crossing.
-Primus Builders Inc. has been awarded the design/build contract for an expansion of an Americold Logistics facility at 3320 S. Arlington Ave. The project, which involves 100,000 square feet of new construction, is scheduled to be completed in late 2011.
People
The local office of Colliers International has appointed Rob Warstler director of retail services. Diana Nyirenda has been added as a senior research analyst.