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Eli Lilly and Co. announced today that CEO John Lechleiter will also gain the additional title of chairman on Jan. 1. Lechleiter will replace Sidney Taurel, who is retiring. Lechleiter took over for Taurel as CEO on April 1. Lilly directors today also named Taurel as chairman emeritus.
Space is limited in this week’s print IBJ, so instead of cutting down the week’s reviews, I thought I’d share my thoughts here on three recent theater production openings. (FYI: You can find A&E reviews every week in IBJ’s Not Strictly Business…
Casino Aztar, the riverboat docked at Evansville, will be sold at auction Nov. 18, according to the Evansville Courier & Press. The casino had been sold to Reno, Nev.-based Eldorado Resorts LLC in March for as much as $245 million, but then the owner, Tropicana Entertainment LLC, sought bankruptcy protection, negating the sale. A Delaware […]
Owners of rental property are responsible for paying sewer fees if their tenants fail to pay the bills, the Indiana Supreme Court said today. Municipalities can transfer delinquent balances to property owners without notice because the owners ultimately are responsible for paying the fees, said the unanimous ruling, which upheld lower court decisions. Pinnacle Properties […]
A consortium of financiers led by Credit Suisse has turned down an attempt by Centaur LLC to build a $455 million harness race track near Pittsburgh, the company announced yesterday. Centaur said it has immediately begun seeking an investment bank to help it move ahead with the $445 million project, called Valley View Downs. “We […]
Just what is a ‘real job?’
Most college students define the term in light of Adam Smithâ??s capitalism â?? high pay, having an office
and
so on, says Purdue University communications professor Robin Patric Clair.
Clair, who recently wrote a book called…
Two Indianapolis-area investment funds and several local individuals have bought a controlling stake in a startup company in a St. Louis suburb for more than $80 million. The company, Furminator Inc., sells combs for untangling undercoats of dogs and other animals. Equity investors include Hammond Kennedy Whitney & Co. and Cardinal Equity Partners, said Hammond […]
Shares in Indianapolis-based Kite Realty Group Trust hit a 52-week low this morning in what is shaping up as another rough day for Indianapolis developers and Wall Street as a whole. Kite, which owns and develops retail properties, including Glendale Town Center, fell nearly 4 percent this morning to trade at $10.75. Fellow local developer […]
Indiana University fielded $408.6 million in support from donors and non-government research grants in its most recent fiscal year, the university announced today. The figure was a record. Gifts to IU Foundation and Riley Hospital for Children hit records, and nongovernmental grants were the second-highest ever.
St. Francis Hospital & Health Centers has reached a contract with managed-care giant Humana Inc. to provide health services to Humana’s 164,000 members in Indiana, the parties announced today. St. Francis has been out of the network since June 2007. St. Francis facilities included in the agreement include St. Francis Hospital & Health Centers in […]
Popular Indy Racing League driver Sarah Fisher is making plans to drive at least 10 races next year. Fisher is currently in negotiations with Dollar General and other unnamed sponsors to get back…
The American Civil Liberties Union has taken up the case of a Plainfield man who says a city zoning ordinance
tramples his First Amendment right to free speech.
Plainfield officials told the man, Nick Crews, to take down a…
When a major company goes under, it’s not just the employees and shareholders who take hits. It’s also the not-for-profits that the company helps support. A Bloomberg story today reports on Lehman Brothers endowment, which contributes to over 200 causes…
Carmel-based Conseco Inc. disclosed late yesterday that it hassuffered a $40 million loss on sales of its investments in Lehman Brothers, American International Group and Washington Mutual Inc. As of yesterday, Conseco still had $103 million invested in the companies. Wall Street firm Lehman has gone bankrupt; AIG, a giant insurer, is being bailed out […]
So, were you among the crowd at the sneak preview of “Lakeview Terrace,” the new film directed by former Hoosier Neil LaBute?
What did you think?
Comments encouraged.
Dixie Chopper, a Coatesville company that makes what it claims are the fastest lawnmowers in the world, has hired a president who plans to triple production within three years. Gary A. Morgan, who stepped into the position yesterday, said he intends to boost the company’s share of the “zero-turn” mower market to 25 percent from […]
Andy Paine, one of Indianapolis’ top bankers until he retired a decade ago, traces the financial train wreck unfolding across the country to a perception hatched in the 1990s that home ownership was a right, not a privilege. The financial system won’t recover until that notion is reversed, Paine says. “We’re going to have to […]
The crash on Wall Street yesterday reverberated right through the Indianapolis Colts’ 56th Street headquarters. How on earth are a stock market decline and the National Football League related? Here’s how.
Forbes magazine last…
“Traditionally, it isn’t over until the fat lady sings. But it seems it will soon be over for the singing fat lady.”
So opens a piece in The London newspaper The Independent concerning the slimmer and fitter brand of opera…
The owners of downtown’s new BW3 and city planners have reached agreement on a new design. Changes shown in the rendering below include new lighting fixtures and removal of yellow “highlights” behind them, along with removal of black-and-white checkers on…
