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Eli Lilly and Co. profit grew 10 percent in the fourth quarter, to $986.4 million, on the strength of sales for its newer products. Sales of drugs including Cymbalta, Cialis, Alimta, Byetta and Forteo – all launched this decade – grew 30 percent in the quarter. Total sales grew 16 percent to $5.19 billion. The […]
An Indianapolis plant owned by Kentucky-based General Cable Corp. has been named one of the 10 best in the nation by the trade publication Industry Week. The plant, at 7920 Rockville Road near Indianapolis International Airport, makes polymer compounds. It combines Six Sigma continuous improvement and lean manufacturing techniques, and blends managers and union workers […]
Ratio Architects today unveiled detailed interior plans for a $275-million expansion of the Indiana Convention Center. The light-filled expansion will feature elevated walkways and a carpet pattern designed to mimic the Hoosier landscape. The plans were revealed at a meeting…
Anyone in sports can appreciate the excitement of opening day. At IBJ, we’ve spent weeks planning a sports business blog, and we’re excited to announce that today is our opening day.
The Score will be a place for sports business fans…
Motorsports insiders have been skeptical
about Danica Patrick’s self-promotion plan ever
since she raced onto the open-wheel scene
more than five years ago.
From her spread in men’s magazine FHM to her
bad-girl persona, Patrick never has been afraid to shake…
The winds of optimism are blowing toward Indianapolis when it comes to hosting the 2012 Super Bowl.
New Indianapolis Mayor Greg Ballard this week plans to announce that Central Indiana Corporate Partnership CEO Mark Miles will lead an effort to study…
A new budget-priced airline will begin flying out of Gary/Chicago International Airport next month, reports The Times of Munster. The no-frills Skybus Airlines touts its ultra-low fares, with the first 10 tickets on each flight costing $10 apiece. Tickets are sold point-to-point, which means passengers make their own connections. No food is allowed on board […]
Texas-based Harland Clarke Corp. plans to relocate its Decatur, Ga., operations to its location in Jeffersonville, investing at least $1.5 million and adding 50 workers by 2010. Harland Clarke prints checks, deposit slips and other products for financial institutions. The company already employs about 200 in Jeffersonville. The first jobs to be added this year […]
Monaco Coach Corp., one of the nation’s largest makers of recreational vehicles, laid off 200 of an estimated 1,200 workers at its plant in the northern Indiana town of Wakarusa late last week. The layoff was prompted by slowing demand, the Coburg, Ore.-based company said. High fuel prices are playing a roll in the slowdown, […]
A skeptic would say, “Small potatoes when compared to the nearly 3 million jobs Indiana currently has.” Let’s put 22,600 jobs in perspective. That number exceeds the number of jobs added in Indiana in 2007 when job growth (December-to-December) was 5,800. It also exceeds job growth in 2006, which was 13,400. The reader proficient in arithmetic will immediately recognize that 22,600 jobs are more than those gained by Indiana in 2006 and 2007 combined. IEDC added that, since January 2005…
The 24 area Liberty Tax Service outlets are known for their human mascots dressed up as the Statue of Liberty or Uncle Sam,
standing on street corners and waving in traffic. Liberty’s approach is just one incarnation of one of the fastest-growing
trends in advertising: guerrilla marketing.
People outside the legislative process finally are understanding that there is no perfect solution to the property tax reform dilemma, that it is not a zero-sum game, that there will be winners and losers, and that this is not a Democrat vs. Republican issue. What they still do not realize is how hard legislators are working to accommodate the legitimate concerns of homeowners, governmental units and schools, businesses, and agricultural interests, and how difficult it is to assemble a package…
We can let the mar ket mouthpieces and economists debate whether we are offi cially in a bear market or a recession, but investors don’t need labels to know times are tough. One year ago at this time, the financial world was idyllic Credit was cheap and plentiful. The largest private equity takeover in history was nearing completion, with Sam Zell selling his Equity Office Properties for $40 billion to the Blackstone Group (signaling the market top for real estate…
The latest shareholder lawsuit against Eli Lilly and Co. over its drug Zyprexa gets personal. The shareholders blame Lilly’s board and top brass, both past and present, for what they call Lilly’s illegal marketing of Zyprexa. In all, the lawsuit asks 18 directors and officers to pay the company for at least the $1.2 billion it has spent to settle Zyprexa lawsuits and to return all compensation they received during an unspecified period when the marketing took place. They name…
Yes, Tony, I knew it was you. I’m God, remember. Well, God, it’s that time of year again. End of the season. I’ve got you on my daytimer … in pen. Same time every year. The job, Tony? Yes, God, the job with the Colts. Do I stay or do I go? Well, Tony, as you know, I’m the Big Picture Guy. I can try to guide you, but I can’t tell you what to do. It’s that whole free-will…
Mayor Greg Ballard says the status quo isn’t good enough anymore when it comes to educating Indianapolis children. So heis
proposing what he’s calling a big, bold idea in education: Provide help to every student who needs it, not just the ones who
ask for it.
The Indianapolis area didn’t experience a monster-size business transaction in 2007 like it has in recent years, but that doesn’t mean the deal-makers weren’t busy. IBJ’s annual list of Big Deals tracked more large business transactions involving Indianapolis-area companies than ever before in 2007, even though the total dollar amount of the deals was dramatically lower than the previous year’s. Deals compiled by the Indianapolis Business Journal that closed in 2007 totaled $23.4 billion, well below the $38.5 billion posted…
At the market’s peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home
production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds
of jobs, and look to unload huge chunks of office space.
The Indiana Pacers
have hit rock bottom. This month, the team slipped into last place in average home attendance among the 30 National Basketball
Association teams, falling behind the New Orleans Hornets, a team that is selling tickets in an area still ravaged by Hurricane
Katrina.
Anxieties about immigration legislation introduced this session are growing. If the bill passes, businesses that “knowingly” hire undocumented workers will face harsh penalties: threeyear probation for companies found to have hired undocumented immigrants; for a second offense, loss of the firm’s license to do business in Indiana. And it would be a misdemeanor to transport, conceal or harbor an unauthorized immigrant; a second offense would be a felony. The law would require the Indiana attorney general to investigate complaints against…
