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Commentary: We’re all in danger of motion sickness

(Author’s note: I submitted this column Oct. 14, with full knowledge that the world may have come to an end by the time it is published.) It’s swing time. Candidates for office, state and federal, are swinging and slinging mud at one another. In a last-ditch effort to scare voters, Sarah Palin accused Barack Obama of hanging out with Bill Ayers, co-founder of the Weathermen, a militant group of the 1970s. In reality, by the time Ayers met Obama, his…

BEHIND THE NEWS: Lechleiter went toe to toe with Icahn to cut megadeal

Eli Lilly and Co. had been salivating over ImClone Systems Inc. for more than two years when, on July 25 of this year, its senior executives received a formal staff recommendation to contact the company and make an overture. So it must have come as quite a jolt to Lilly brass when, just six days later, Bristol-Myers Squibb announced that it was offering to buy the 83 percent of ImClone it didn’t already own for $60 a share, or $4.5…

VOICES FROM THE INDUSTRY: Worksite wellness encourages steps to healthier firm

Over the past several years, employers have seen a movement from traditional PPO health plans to consumer-driven health plans, by implementing qualified high-deductible plans such as health savings accounts. This shift has been viewed by most to have initially lowered overall employer and employee cost, but more importantly, it has gotten the employee more involved in their health care choices. Fortunately, consumer-driven health care plans are not the only answer in reducing employer costs. According to the Towers Perrin 2008…

ECONOMIC ANALYSIS: We shouldn’t let market mayhem obscure progress

Amid all this joyless market watching, this much is clear: The financial markets and the economy are going to get worse before they get better. But market watching is never a healthy sport, especially since it tends to make us lose track of the real economy at times like these. Over the past couple of weeks, the real economy has shown a bit of resilience. And here in Indiana, really great news has been lost in the wake of the…

VOICES FROM THE INDUSTRY: Taking a few minutes to take control of your health care

In recent months, all of us have been affected to some extent by economic uncertainty. At a time like this, we need to make well-informed decisions on how we spend our money, now and in the future. Health care spending is one area where people are looking more than ever to get the most value in return for their investment. The rising cost of health care should encourage everyone to explore their health benefit options. But despite rough economic times,…

You-review-it Monday

Truly moved by anything at the Heartland Film Festival? Catch Dance Kaleidoscope’s season opener? Visit a haunted house or, like me, were you part of the jury at the trial at the Benjamin Harrison Home?

So what did you get to…

Getrag loses main customer for Tipton plant

German manufacturer Getrag is without a primary customer for the transmissions it expected to make at a new factory in Tipton. Chrysler LLC terminated a financing options agreement with Getrag over the weekend, the company said. Indiana economic development officials hope Getrag can find a new customer soon for dual-clutch transmissions that were to be […]

Retail anchor leaving Lafayette Square

Sears Holdings Corp. has notified the state of plans to close its store at Lafayette Square Mall.The struggling retailer is laying off 110 employees at the department store and an automotive center at Lafayette Road and West 38th Street, due to “a change in business circumstances,” the company said in a notice filed yesterday with […]

Sears departure stings mall

The decision by Sears Holding Co. to close its store at Lafayette Square Mall could deal a serious blow to efforts by a New York…

Roche to cut 200 local jobs

Roche Diagnostics Corp. will cut 200 positions from its Indianapolis work force in what a spokeswoman called “a normal course of assessing the business.” Switzerland-based Roche, which makes medical devices such as glucose meters, employs roughly 2,600 people here as part of its North American headquarters and research-and-manufacturing operations. All of the cuts will come […]

Relocation firm relocating HQ to Fort Wayne

Global relocation giant Sirva Inc. announced plans this morning to centralize its national moving-services headquarters in Fort Wayne, creating 240 new jobs by 2011. It already employs 450 there. The firm, which operates Allied Van Lines and North American Van Lines, will invest more than $16 million to consolidate its Illinois-based national moving services operations […]

Report: Lilly drug decision unlikely before March

A pharmaceutical industry publication says the U.S. Food and Drug Administration is convening a February meeting to discuss prasugrel, a blood-thinner Eli Lilly and Co. hopes will be its next blockbuster. The move likely would delay a decision on the new drug until March, according to The Pink Sheet, a weekly publication that covers regulatory […]

IRL title sponsor hunt loses power

The Indy Racing League’s drive for a title sponsor has hit the wall.

“The economy is having a huge impact,” said Zak Brown, president of Just Marketing International, the local firm the IRL hired…

Review: ‘Striped Pajamas’

The Heartland Film Festival kicks off tonight with the North American premiere (which I incorrectly stated was a World Premiere in my weekly e-mail) of “The Boy in the Striped Pajamas.”

Landing a major studio premiere is a coup for Heartland…

Pre-season is fan base indicator

For those who say the pre-season means nothing, I disagree. It’s a good indicator of a team’s fan base. While I didn’t expect the Indiana Pacers to draw hordes of fans for its…

Steel Dynamics profit surges 92 percent

Steel Dynamics Inc. said late yesterday that its third-quarter profit jumped 92 percent over the same period a year ago as the steel manufacturer’s revenue more than doubled despite a sharp decline in ferrous scrap prices. For the three months ended Sept. 30, the company said net income was $193 million, or 98 cents per […]

Paul Newman’s legacy helping kids

In the coming years, Graham Rahal can expect more than a few thank you cards from critically ill youngsters. The 19-year-old Indy Racing League driver raised $40,900 for Flying Horse Farms with the…

Review: “Avenue Q”

A few month’s back, I travelled to Louisville to catch the national tour of “Avenue Q.” Not only was I anxious to see the Tony-winning show, but I also wanted to catch it before it came to Indy, the better to…

Former Winona Hospital on the block

The former Winona Hospital site – and its unpaid tax bill of nearly $1 million – will be listed in the Marion County Treasurer’s tax sale, which starts tomorrow. The tax sale is going forward as the owners of the deteriorating buildings on a site exceeding 1 acre at 3232 N. Meridian St. try to […]