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Lilly makes $300M deal for Philadelphia drug company

Eli Lilly said it will acquire Avid Radiopharmaceuticals, maker of an experimental agent that could help identify patients with Alzheimer’s disease. The price could climb to $800 million if the agent is commercially successful.

Pilots unhappy over airport changes in Greenwood

Pilots say they’re upset by changes since new management took over and have begun go to Shelbyville and other airports to buy fuel. Some are even considering moving their planes.

City revokes four cab companies’ licenses

The license revocations stemmed from violations such as failure to maintain a dispatch log, failure to maintain a dispatch facility and failed body or mechanical inspections.

No jail time for ex-Carmel player

A former Carmel High School basketball player charged in a sexual assault case will see no jail time. A plea deal means Scott Laskowski will see the charges against him reduced from three counts of misdemeanor criminal recklessness to one charge. He must also testify against three of his former teammates, who still face charges in the case. As part of the deal, he will serve one year probation and perform 40 hours of community service.
 

Woman shoots home intruder

A woman told Indianapolis police she shot a man after he tried to break into her east-side apartment Thursday night. The woman said she shot the man after he kicked down her door at Teal Run Apartments near 21st Street and Mitthoeffer Road about 9 p.m. The man, who lives in the same complex, was taken to Wishard Hospital in critical condition, but is expected to survive.
 

TV ratings for Pacers on the upswing

A revamped roster, new satellite TV agreement, and an overall boost of interest in the NBA is credited for more viewership of the local NBA team.

Police officer cleared by merit board

Indianapolis police officer Jerry Piland will keep his job after a merit board found he did not use excessive force while arresting a teenage suspect in May. The board voted 6-1 in Piland’s favor Friday morning after hearing three days of testimony. Police Chief Paul Ciesielski had recommended termination. The incident, which resulted in severe injuries to then-15-year-old Brandon Johnson, sparked outrage in the community and an apology from Ciesielski, the city’s public safety director and the mayor.
 

Weak employment report expected Friday

Newly elected members of Congress will get a reminder Friday of the economic challenges they face in January: The jobs report for October is expected to show hiring weak and unemployment still high. The outlook for 2011 isn't much better.

Lilly wins approval of antidepressant Cymbalta for pain

The Food and Drug Administration has cleared Cymbalta for musculoskeletal pain such as arthritis and chronic lower back conditions, which could mean another $500 million in annual sales for Lilly, an analyst estimates.

Sports teams spend millions on latest in digital signage

The omnipresence of electronic devices in today’s society has changed the rules of the game for operators of sports stadiums, triggering an arms race to see who can have the biggest jumbotron, the longest ribbon board and the most eye-popping digital displays.