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Indianapolis-based Eli Lilly and Co.’s experimental drug for schizophrenia did not prove in its latest test that it works better than existing medication, the company announced today. The drug showed promise in an early study two years ago, but Lilly said the drug performed inconclusively in a Phase II clinical trial. The drug maker said […]
For almost 20 years, the Gene B. Glick Co. has been a sleeping giant. The state’s largest owner and manager of apartments spent much of the 1960s through the 1980s building a massive portfolio of apartment communities, mostly for low-income residents. The empire had grown to 100 properties and 18,000 total units across 10 states […]
This week, one of the Midwest’s most unusual music contests swings into high gear with the start of the final round of the American Pianists Association’s 2009 Classical Fellowship Awards. Staged every three years by the Indianapolis-based APA, the Classical Fellowship Awards are structured to minimize the tension of head-tohead combat by stretching the competition […]
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut expenses if it’s going to weather the recession. That’s the conclusion of analysts at Moody’s and Standard and Poor’s, which have issued negative outlooks for Allison, the top commercial truck-transmission supplier. “The downgrades reflect our concern […]
The hiring of minority- and women-owned businesses to work on the $275 million Indiana Convention Center expansion is far ahead of state requirements and has surpassed rates that were registered for the $715 million Lucas Oil Stadium project. More than 28 percent of the $215 million in bids awarded so far has gone to minority- […]
What Blue-Lock does is complicated:It provides what is known as “virtual cloud computing.” So when Vice President Brian Wolff explains the concept, he simplifies it-by using Legos. He puts down one block to represent a computer server. “In the old world,” he says, “you’d put a physical server in place and then you would load […]
Train travel is not only a thing of the past-it’s also a thing of the present. It’s enjoying resurgence as people rediscover the romance and excitement of riding the rails in their leisure travel and realize that getting there is more than half the fun. My wife Katrina and I have taken four train trips […]
By 2007, the technology for electric cars had evolved such that banker Steve Tolen had formed a company to build and sell one using off-the-shelf parts. Or so he thought. He couldn’t find a power control system that could handle the mix of different battery types he wanted for his electric car. Without that mix, […]
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren’t getting much help from the Indiana General Assembly. At a time when dealers are most vulnerable to having their franchises terminated, a trio of bills that would have strengthened state franchising laws failed to emerge from the Senate. The bills […]
My intention on my latest visit to The Children’s Museum of Indianapolis was to check out the new “Star Wars: the Clone Wars, the Exhibition,” but I found little of interest there to anyone but the hard-core fan. While I appreciate that not everything at the largely hands-on local treasure can be interactive, I was […]
At a time when many professional sports teams are seeing their revenue drop in the wake of a rocky economy, the Indianapolis Indians are driving in runs. The AAA minor-league baseball team’s sponsorship revenue this year has already nearly matched what the franchise brought in all of last year, and could be on its way […]
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end. Casinos have swelled into a $2.7 billion industry here – one that paid $838 million in state and local taxes last year and ranked as the third-largest revenue source in the Indiana budget. That tax take has risen 126 percent […]
With a name like The Legend, expectations run high. Luckily for us, The Legend Classic Irvington Café (5614 E. Washing ton St., 536-2028) met them. Our final Urban Spoon query led us to the cozy, classy east-side eatery, nestled in the heart of one of Indianapolis’ first suburbs. The lunch crowd was sparse on our […]
Indiana lawmakers are stuck between the proverbial rock and a hard place when it comes to fixing the state’s bankrupt unemployment insurance fund. Should they stick it to businesses to raise enough money to erase the half-billion-dollar deficit or should they slice benefits for the jobless during the worst recession in a generation? The sensible […]
My intention on my latest visit to The Children’s Museum of Indianapolis was to check out the new “Star Wars: the Clone Wars, the Exhibition,” but I found little of interest there to anyone but the hard-core fan. While I appreciate that not everything at the largely hands-on local treasure can be interactive, I was […]
