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EDITORIAL: Lilly looks forward with ImClone deal: CEO Lechleiter taking bold steps

Lilly looks forward with ImClone deal CEO Lechleiter taking bold steps It’s premature to pass judgment on Eli Lilly and Co.’s $6.5 billion plan to acquire biotech firm ImClone Systems Inc., but the giant deal is one more sign that relatively new CEO John Lechleiter isn’t afraid to make bold moves on Lilly’s behalf. The local drugmaker agreed Oct. 6 to pay $70 a share for New York-based ImClone, maker of blockbuster cancer drug Erbitux, outbidding an earlier offer of…

Lawsuit raises questions about prison privatization: Complaint alleges abuse of mentally ill inmates

A newly filed federal lawsuit alleging widespread abuse of Indiana inmates raises questions about the state’s privatization of prison health care. The Indiana Protection and Advocacy Services Commission, a not-for-profit watchdog organization, sued the Indiana Department of Correction on Oct. 1, charging it regularly segregates mentally ill prisoners into isolation for 23 hours a day. According to the suit, the prisoners are punished by stripping away their clothes and being fed a diet consisting entirely of “nutraloaf,” described as “a…

Conner Prairie balloon ride part of 10-year strategy

Conner Prairie wants to pay homage to early aviator John Wise with a balloon ride that recalls his August
1859 trip from Lafayette at the helm of a gas-filled balloon bound for New York City with the nation’s first
air-mail delivery. An ill wind blew him Wisecourse, ending his flight in Crawfordsville, but he still earned
a place in history–and a U.S. Postal Service-issued stamp honoring his pioneering effort.

INVESTING: Stocks likely to go lower, but bull run may be near

When I was growing up, a bunch of other kids from the neighborhood and I would play touch football on the street in front of our homes. At least once a game, the ball would take a weird bounce, go out of bounds and someone would yell, “do over!” Then we would all line up again and do it over. Treasury Secretary Henry Paulson and Congress just called for a “do over,” but you don’t get them in real life….

EYE ON THE PIE: No numbers equal bad decisions

“Geez Morton, lighten up,” was one of the e-mails that came in this week. I find it difficult to do that while our state and national economies are under such stress. Another correspondent wanted an answer to that persistent question, “Are we better off than we were a year ago? Four years ago?” Here is a small part of that answer: At this writing, there are 5.5 million more jobs in the country than four years ago, an increase averaging…

PROFILE: HOLLY HART MCKIERNAN: Making higher education more attainable Attorney brings key players together to reach goals

PROFILE HOLLY HART MCKIERNAN Making higher education more attainable Attorney brings key players together to reach goals When Holly McKiernan was a secondyear law student at Indiana University, she took a seminar course on not-for-profits-and her career path became clear. She wanted a job where she could use her skills as a lawyer in helping charitable and educational organizations. The West Lafayette native had earned a bachelor’s degree in communications from DePauw University-magna cum laude-graduating Phi Beta Kappa in 1980….

Purdue professor cooks up healthier way to ‘fry’ food: Invention could make microwaves seem like crock pots

A new cooking technology under development at Purdue University could please both dieters looking for lowercalorie meals and food retailers seeking lower costs. It has the potential to produce “fried” foods using vastly less oil, and to cook them at speeds that make microwave ovens seem as slow as crock pots. A Purdue professor is working with Anderson Tool and Engineering Co. in Madison County to create advanced prototypes of the device, called a “radiant fryer.” The first off the…

Casting magic for “Guys and Dolls”

An open letter to Des McAnuff, director of the upcoming Broadway revival of “Guys and Dolls.”

Mr McAnuff,

You don’t know me, but having seen your productions of “The Who’s Tommy,” “How to Succeed in Business Without Really Trying,” and “Jersey Boys,”…

Another D’vine move; Siam Square

A popular northside wine bar will close at the end of October to move to a smaller space behind Castleton Square Mall. D’vine a wine bar moved from Woodfield Crossing…

Denver wants cash to take Tinsley

While the Indiana Pacers today have reportedly traded Shawne Williams to the Dallas Mavericks for two second round picks and $1.8 million in cash, a deal to trade emabattled guard Jamal Tinsley to…

Bush: Give rescue plan time

President Bush said today that the government’s financial rescue plan was aggressive enough and big enough to work, but would take time to fully kick in. “We are a prosperous nation with immense resources and a wide range of tools at our disposal … We can solve this crisis and we will,” Bush said in […]

Rodgers & Hammerstein thoughts

The well-sung but nondescript production of “The Sound of Music” currently running at Beef & Boards got me thinking about the musicals of Rodgers & Hammerstein. Some random thoughts:

 –The R&H reputation pretty much rests on “Oklahoma!,” “Carousel,” “South Pacific,” “The King…

Wall Street’s bumpy ride continues

Wall Street extended its devastating losses this morning, but prices swung sharply as investors scooped up shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, soon recovered to a loss of just over 200, and the other major […]

Colts goods flying off shelves

While the economic swoon is crunching professional sports teams the way Dwight Freeney smashes quarterbacks, it hasn’t yet put a dent in Indianapolis Colts merchandise sales. With a new team-owned retail store opened…

Emmis ekes out 2Q profit, beats expectations

Revenue from its overseas radio stations helped Emmis Communications Corp. post a $1.2 million profit in its second quarter following three consecutive quarterly losses.The Indianapolis radio and magazine publishing company this morning reported financial results for the period ended Aug. 31, beating analysts’ estimates but down significantly from the $11.8 million reported for the same quarter last […]

Roman, some staff, exit advertising firm

Indianapolis advertising executive Dan Roman and several other employees have departed Roman Brand Group in the wake of a merger with Akron, Ohio-based Malone Advertising. Both Roman Brand Group and Malone Advertising are part of New York advertising heavyweight JWT. Under a plan that went into effect Oct. 1, Roman will have two general managers, […]

Wings at last

The new Buffalo Wild Wings is on schedule to open on Oct. 19. They’re still waiting on “window boxes” that will feature artwork in the three windows on the left. Otherwise, do you like the new, toned-down look? (IBJ photo/Robin…

Honda kicks off Civic production at Greensburg

The new Honda assembly plant at Greensburg has started mass production of the company’s Civic compact after several weeks of ramping up various components of the sprawling site. Honda Manufacturing of Indiana said today that the first Civic, a black sedan, rolled off the sole assembly line at 7:50 this morning. It won’t be shipped […]

New Versus boss revving up IRL

The new president of Philadelphia-based cable channel Versus said he is not out to mimic ESPN. That might be good news for many Indy Racing League fans who complained bitterly about ESPN’s coverage…

Linens ‘N Things may be liquidated

Bankrupt specialty retailer Linens ‘N Things said yesterday that it will be auctioned Tuesday, and that an anticipated “stalking horse” bidder is likely to liquidate the company, according to an Associated Press report. Linens ‘N Things earlier said it would close a store in Avon but keep locations in Castleton, Noblesville and the far south […]