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BREAKING: FDA gives OK to Lilly’s prasugrel-WEB ONLY

Eli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner, according to Bloomberg News. The U.S. Food and Drug Administration approved prasugrel to prevent blood clots when patients come in to receive stents or other coronary devices. The drug will have the trade name Effient. After […]

Duke considers taking carbon dioxide underground

Duke Energy has proposed spending $121 million to study the feasibility of injecting carbon dioxide deep underground, adding
1 percent to the average ratepayer’s bill between 2010 and 2013.

New restaurants planning to open this month

New restaurants include Iozzo’s Garden of Italy, slated to open July 17 at 946 S. Meridian St.,
in the former home of Leland’s and Cafe@Ray. The owner’s grandfather in the 1940s owned an
800-seat restaurant of the same name where the Hyatt Regency now stands.

Conseco reinsurance deal swaps profits for cash

Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.

Debt maneuvers help Emmis turn profit-WEB ONLY

Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent. Indianapolis-based Emmis turned a profit of $7.5 million, or 20 cents per share, for the […]

Florida system considering Ivy Tech president-WEB ONLY

Ivy Tech Community College President Tom Snyder is one of 13 candidates being considered for the position of chancellor of the State University System of Florida. A search committee will meet Monday to select candidates to be interviewed July 17. A recommendation from the committee and an appointment by the system’s Board of Governors is […]

Endocyte, Purdue develop prostate cancer treatment device

Purdue University researcher Philip Low, also the chief science officer for West Lafayette-based Endocyte Inc., has developed
a prostate cancer “homing device” to help anti-cancer agents specifically target prostate
cancer tumors.

MainGate takes on Vikings

Indianapolis-based merchandiser MainGate Inc. continues scoring deals with National Football League teams.
On July 7, company officials announced they had signed a 10-year deal to be the exclusive retail and merchandising company
for the Minnesota Vikings.

Gannett cuts cost 37 Star employees their jobs

Thirty-seven people were laid off at the Indianapolis Star yesterday and today as part of Virginia-based parent Gannett
Co. Inc.’s attempt to grapple with the swooning economy and falling advertising revenue. Seventeen of those laid off were
in the newsroom of the state’s largest daily newspaper, including seven editors, which constitutes one-fourth of the
editorial management team.

EDITORIAL: School funding has fatal flaws

A state budget was passed June 30, but it’s balanced on the backs of poor children. Legislators
deserve praise for at least slightly increasing overall education funding, but because of a flawed funding
formula, urban districts such as Indianapolis Public Schools actually will lose money in the next two
years.

Construction jobs trickling in from road stimulus

Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.

DINING: (Piz)’Za made for the middle of the night

If you’re in Broad Ripple and hungry for pizza, you’ve got lots of options. But what do you do if it’s the
middle of the night on a Thursday and you and your entourage have the munchies? Well, for that very specific
demographic group of pizza eaters, there’s now ’Za, which is open until 4 a.m. Wednesday
to Saturday.

Review: “Walking with Dinosaurs”

There are lots of ways that “Walking with Dinosaurs” (with performances through this weekend at Conseco Fieldhouse) could have compromised itself. It could have turned too jokey. It could have gone anthropomorphic or “Land Before Time” cute. It could have…

Indy Racing League must go international to survive

Like it or not, the Indy Racing League is becoming an international series, with American drivers like
Patrick, Andretti and Rahal and internationally known drivers such as Castroneves, Kanaan, Mutoh and
Meira.

LOU’S VIEWS: Here’s the best from International Film Fest

This year’s Indianapolis International Film Festival gets rolling later this usual, with a bump to summer precipitated
in part by the moving on of its founder to the Nashville Film Festival and in part by the move of most of the fest (minus
parties) to the Indianapolis Museum of Art. We’ve spent the last few weeks reviewing most of the
features in competition.

Why don’t Bush bashers disgust you?

Bashing the president is a time-honored tradition in the United States going all the way back to George
Washington himself and honed to a fine point by the Jefferson/Adams exchanges.