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Old National Bancorp today repurchased all of the $100 million in preferred, non-voting stock it sold to the U.S. Department of Treasury after deciding it did not need federal assistance from the Troubled Asset Relief Program. The Evansville-based bank, which was approved to receive up to $150 million in TARP funds, chose in December to […]
Eli Lilly and Co. and two drug-development partners said a once-weekly version of the diabetes medicine Byetta proved better at lowering patients’ blood sugar than two competing drugs. Lilly is working with California-based Amylin Pharmaceuticals Inc. and Massachusetts-based Alkermes Inc. to bring once-weekly Byetta, also called exanatide, to market by 2010. The drug is currently […]
Conseco Inc. has won an amendment to its bank loans that gives it more breathing room to operate. But the Carmel-based insurance holding company will pay for it. The cash interest rate Conseco is paying on the $912 million in loans will rise from 2.6 percent to at least 6.5 percent, with a payment equal […]
A coalition of local brokers and real estate companies are joining forces on the south side to promote the new federal tax credit for first-time homeowners in an attempt to stimulate the sluggish real estate market. The Southside Housing Alliance, comprised of about 20 brokers and lenders, is blanketing the area with signs and advertisements […]
Update: The Louisville Convention and Visitors Bureau apparently isn’t giving up yet on marketing to Indianapolis residents. This afternoon, LCVB said they still plan to bring their motor coach to Indianapolis on April 14 to try to lure locals to the…
It’s official today. Community Health Network has selected Bryan Mills as its next CEO. James Morey, chairman of the board of the hospital chain, sent a memo to Community staff today, announcing Mills’ selection. IBJ first reported on Friday that Mills was the choice to replace Bill Corley, who has led Community for the past […]
In terms of political corruption, Indiana looks downright pristine compared to many other states, a recent Chicago Tribune story says.
Louisiana takes the cake with a per-capita corruption rate twice that of the rate in Illinois. Our neighbor to…
Benefits brokers and agents-facing increasing demands from employers and declining commissions-are merging at an accelerating pace. In less than two years, 10 Indiana firms have been swallowed up. The trend started slowly in 2007 but picked up speed late in 2008 and has continued into 2009. In March alone, Indianapolis brokers Benefit Associates Inc. and […]
Major stock markets indexes dropped dramatically today after President Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions would be needed from unions, creditors and others before more funding could be approved. Uncertainty about the industry’s fate sent the Dow Jones industrial average falling more than 4 percent before a […]
Ball State women’s basketball coach Kelly Packard, who today was named Maggie Dixon Div. I Rookie Coach of the Year, earned herself a nice payday this month. The first-year Cardinals coach earned a $10,000 bonus…
The Indianapolis Convention & Visitors Association said today that it has booked the Chicago-based American Library Association’s 2021 annual midwinter meeting. The group will use every meeting room in the Indiana Convention Center, as well as all meeting rooms in surrounding hotels, ICVA said. The ALA holds its midwinter meeting in January. It is estimated […]
CEO John Lechleiter is ruling out Eli Lilly and Co.’s participation in the drug industry’s recent round of mega-mergers, the Financial Times reported today. At the same time, the Indianapolis-based company isn’t stepping back from collaborations. It announced its most recent today: a heart-drug development deal with Mumbai, India-based Cadila Healthcare Ltd. Lechleiter specifically ruled […]
Police are looking for two suspects in connection with a shooting yesterday afternoon on the near-north side of Indianapolis. Two unidentified men were shot numerous times near 17th Street and College Avenue. They are in stable condition. Investigators say the incident may have started as an argument over a drug deal.
After a week on the run, shooting suspect Marco Robinson surrendered to police early this morning. Investigators say Robinson shot his ex-girlfriend, Quanita Wray, and fatally shot her sister, Tiffany Wray, on March 21. Quanita Wray is recovering in the hospital. Funeral services for Tiffany Wray are scheduled today.
Basketball brought big crowds to downtown Indianapolis over the weekend, with combined attendance at the NCAA Men’s Midwest Regional tournament and the high school boy’s state finals hitting nearly 100,000. The NCAA event at Lucas Oil Stadium drew 69,874 – almost twice the attendance of any of the other regional NCAA events held concurrently in […]
The Indianapolis Convention & Visitors Association said today that it has booked the Chicago-based American Library Association’s 2021 annual midwinter meeting. The group will use every meeting room in the Indiana Convention Center, as well as all meeting rooms in surrounding hotels, ICVA said. The ALA holds its midwinter meeting in January. It is estimated […]
CEO John Lechleiter is ruling out Eli Lilly and Co.’s participation in the drug industry’s recent round of mega-mergers, the Financial Times reported today. At the same time, the Indianapolis-based company isn’t stepping back from collaborations. It announced its most recent today: a heart-drug development deal with Mumbai, India-based Cadila Healthcare Ltd. Lechleiter specifically ruled […]
Police say a burning body was discovered early this morning in the parking lot of Deer Run Elementary School on the northwest side of Indianapolis. Pike Township firefighters found the body of a man believed to be in his 40s in the driver’s seat of a red 1998 Acura that was on fire. Fire officials […]
Basketball brought big crowds to downtown Indianapolis over the weekend, with combined attendance at the NCAA Men’s Midwest Regional tournament and the high school boy’s state finals hitting nearly 100,000. The NCAA event at Lucas Oil Stadium drew 69,874 – almost twice the attendance of any of the other regional NCAA events held concurrently in […]
0330dvs_auto_bailout 0329dv_gm_ceo_resigns President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. He raised the possibility Monday of controlled bankruptcy for one or both of the beleaguered auto giants. At the same time, eager to reassure consumers, […]
