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Eli Lilly and Co. has commenced its tender offer for New York-based ImClone Systems Inc., the Indianapolis-based drugmaker announced today. Lilly agreed on Oct. 6 to pay $70 a share in cash to acquire ImClone, for a total purchase price of $6.5 billion. Two of ImClone’s largest shareholders-ImClone Chairman Carl Icahn and New York-based Bristol-Myers […]
United Way of Central Indiana is hoping that a matching gift of $300,000 from WellPoint CEO Angela Braly and her husband, Doug, nets $1 million in additional giving over the next three years. “We feel it’s important to challenge others to continue to give, or increase their giving, during this uncertain economic time,” Braly said […]
Game of Change, a documentary directed by Jerald Harkness, will be featured at the 2008 Heartland Film Festival in Indianapolis, beginning Oct. 18. Harkness, who is the son of Jerry Harkness, a two-time…
At some point, I will write about something besides the Indianapolis Symphony Orchestra’s presentation of “Guys and Dolls in Concert” last weekend.
But that point isn’t here yet.
I blogged on one aspect of the show on Saturday. (Find it here, along…
A legal malpractice insurance carrier has agreed to pay $16.5 million to Indiana ‘s insurance department, settling a federal lawsuit stemming from the multi-million-dollar collapse of a health insurance trust. Alabama-based ProNational Insurance Co. agreed to make the payment to settle a bad-faith and breach-of-contract lawsuit filed by the department four months ago. ProNational was […]
The new curtain wall is almost done on the north and south faces of One Indiana Square. What do you think so far? (IBJ Photo/Robin Jerstad)
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Central Indiana home sales rose 5 percent in September, compared with a year earlier, according to a report released today by Landrigan & Co., a residential real estate firm. Landrigan said September sales in 13 area counties, including Marion, totaled 2,192, up from 2,084 in the same month a year earlier. The report offered a glimmer […]
Stocks in Indiana and across the globe shot higher this morning, wiping out some of the devastating losses of last week, one of the worst in the history of Wall Street. In late morning trading, the Dow Jones industrial average was up more than 450 points, or 5.5 percent. The S&P 500, meanwhile, had advanced […]
Lucas Oil Stadium yesterday afternoon was too hot to handle for some Indianapolis Colts fans—and even players. And I’m not talking about the action on the field.
While the Colts were getting their first…
Schwarz Pharma Manufacturing Inc. today announced a $12 million expansion of its Seymour manufacturing plant and distribution center, a move that’s expected to increase the company’s employment in the southern Indiana city from 366 to 516 by 2011.The drug maker-a unit of Schwarz Pharma AG of Monheim, Germany-said it plans to begin hiring managers, business […]
What a weekend.
For me, it included the Indianapolis Symphony Orchestra’s once-in-a-lifetime production of “Guys and Dolls” (Okay, so I saw it twice), Butler University Theatre’s “Phedre,” Theatre on the Square’s “Evil Dead: The Musical” and reading through most of Walter…
Small businesses in Indiana stung by rising health care costs now can band together to broker better deals from insurance providers. The rule from the Indiana Department of Insurance took effect in late August and is the final piece of a 2007 health care expansion state lawmakers financed with a 44-cent increase in the cigarette tax. The pooling program is open to businesses with two to 50 employees and is meant to give them strength in numbers so, in essence,…
Fueled by its line of gas-sipping economy cars, Honda is expanding in Indiana as car manufacturers almost everywhere else
are shrinking. And the 2,000 jobs the Japanese automaker is promising in Greensburg by 2010 could be just the beginning.
My sister-in-law is a deputy county prosecutor in Michigan. By all accounts, she’s good at her job. But that may not matter. You see, my sisterin-law’s boss is up for re-election next month. And because his job is on the line, so is hers. So in addition to her day job, my sister-in-law has been working nights and weekends on the campaign. My sister-in-law is passionate about putting away bad guys. She’d like to keep doing it. But it’s not…
Chris Katterjohn has the week off. In his absence, this column, which appeared on Oct. 2, 2006, is being reprinted. It’s been a little more than a year since Indianapolis Public Schools Superintendent Eugene White took over the job of battling the flames at IPS. We should all be grateful he did. He is a special man. “It was like going into a burning house,” White told a group of business leaders at a recent breakfast. “I don’t know too…
But more than a century later, women are protecting more than their own assets-they’re increasingly looking out for the intellectual property of business owners large and small. One of the hottest practice groups within law firms today, intellectual property law falls into four basic areas: copyrights, trademarks, patents and publicity rights. With the exception of patent law, which requires a background in science or engineering, no specialized undergraduate degree is required. Gary Roberts, dean and the Gerald L. Bepko professor…
“Be fearful when others are greedy and greedy only when others are fearful.” This philosophy, which Warren Buffett espoused to a group of Columbia University students when he was just 21, has served the billionaire investor well. And it may serve you well as you navigate the ugliest stock market in three decades. To be sure, the thrashing that stocks in Indiana and across the globe have weathered in recent weeks has been nearly across the board-savaging the shares of…
Area not-for-profits are beginning to feel the sting of the year-old credit crunch, which has escalated into a full-blown
financial crisis that’s battered investors and likely pushed the nation into recession.
Several industry surveys predict health insurance expenses will rise at a slower pace in 2009 than in previous years. Many employers, however, are passing the added burden on to workers. Raising deductibles, copayments or out-of-pocket spending limits are the most common ways companies plan to reduce their increases. The trend of passing more of the responsibility to employees has escalated the past five years, giving rise to cheaper alternatives such as consumer-directed health plans. “The tie that binds is that…
This year, IBJ previewed every available Crystal Heart award-winning film competing at this year’s Heartland Film Festival (running Oct. 16-24). Here are our thoughts, with priority picks noted with stars. Look for more reviews of some of the not-in-competition festival films in upcoming IBJ A&E blogs (www.ibj.com/arts). For a full festival schedule, visit www.heartlandfilmfestival.org. “Amal,” dramatic feature A New Delhi rickshaw driver doesn’t realize he’s impressed a billionaire in a film where the richly detailed background is more interesting than…
