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General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost
due to a large-scale factory consolidation announced earlier in the year.
Health insurer WellPoint said today that it may trim some more jobs as part of a push to become more efficient next year.
Eli Lilly and Co. has agreed to confidential terms to settle lawsuits brought by seven states alleging the company illegally
marketed bestselling antipsychotic drug Zyprexa, Bloomberg News reported today.
James L. Isch, the NCAA’s long-time chief financial officer, has been named interim president of the association, replacing
Myles Brand, who died last week of pancreatic cancer.
Due to low ridership, the IndyGo Commuter Express route from Greenwood to downtown Indianapolis will end Dec. 1.
Business owners in southern Indiana’s Brown County are worried about a loss of visitors following the fire that destroyed
the Little Nashville Opry concert hall.
Biotechnology company Adolor Corp. said yesterday that it bought exclusive worldwide rights to Eli Lilly and Co.’s OpRA
III drug candidate, which has a range of potential uses.
Call it the American Idol-ing of art. Starting Sept. 23, what’s being billed as the world’s largest art prize competition
begins in Grand Rapids…with you as judge.
Two companies have announced plans that could mean about 200 jobs at factories in northern Indiana’s Elkhart County, which
has been among the country’s hardest-hit places during the recession.
Columbus-based Irwin Financial Corp. has filed for Chapter 7 bankruptcy, setting the stage for the liquidation of the remaining
assets of the troubled banking company.
Indianapolis has been selected to host a regional round of the 2013 NCAA men’s basketball tournament, the NCAA announced
today.
The Honda plant in southern Indiana that started production last year is now building cars for export from the United States.
Mead Johnson Nutrition plans to spend nearly $33 million at a southwestern Indiana facility where it plans to start making
powdered infant formula products.
The Greater Indianapolis Chamber of Commerce announced its support for construction of a new Wishard Hospital and promised
to “take a leadership position” to help hospital leaders win voter approval for the project. The business trade group issued
a statement today endorsing the $754 million project, saying the hospital’s plan to finance the project is sound. Marion County
voters will have to approve the plan in a Nov. 3 referendum because Wishard’s parent organization, the Health & Hospital Corp.
of Marion County, will fund the project with bonds that will be backed by taxpayers in case of default.
NASDAQ has notified Emmis Communications Corp. that it is in danger of being delisted if the company’s stock doesn’t rise
above the minimum bid price of $1 per share within the next six months. Shares of the Indianapolis-based media company, which
were trading this morning at 89 cents apiece, haven’t traded above $1 since September 2008. To regain compliance, Emmis stock
must trade above the $1 per share minimum bid price for 10 consecutive business days before March 15.
Indianapolis-based Eli Lilly and Co. announced today that a clinical trial showed lung cancer patients treated with Lilly
drug Alimta lived about three months longer than those who received the best available care. Alimta is used as a “maintenance
therapy” for patients whose disease has not progressed after chemotherapy. In a study involving 663 patients, Lilly said patients
treated with Alimta and best available care lived for an average of 13.4 months. Those treated with best care and a placebo
lived for an average of 10.6 months.
Fort Wayne’s expanded convention center and a planned downtown hotel are proving attractive to conventions, including at least
four events long held in Indianapolis. The Grand Wayne Center said six new conventions will be held starting this fall, including
events by the Indiana Music Educators Association, the Indiana Library Federation, the Hoosier Hospitality Conference and
Indiana Farm Bureau. All four groups had previously conducted their conventions in Indianapolis. The Fort Wayne/Allen County
Convention and Visitors Bureau estimates the four events will have an economic impact of $5.9 million.
Evansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public…
Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
