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Sidney Taurel, Eli Lilly and Co.’s retiring CEO, oversaw the company during a challenging stretch when it lost patent protection for Prozac and faced intense litigation against its blockbuster Zyprexa. Since Taurel became CEO in July 1998, Lilly’s stock price has fallen 17 percent. By comparison, the overall market, as measured by the S&P 500, […]
Sidney Taurel will retire as CEO of Eli Lilly and Co. at the end of March, the company said this morning. He will remain chairman of the Indianapolis-based drug maker’s board until December 2008. John Lechleiter, 54, Lilly’s president and chief operating officer since October 2005, will take over as CEO April 1. Taurel, 58, […]
The owner of two riverboat casinos in Gary is talking with a state legislator about moving one of his two state gaming licenses to Steuben County in northeastern Indiana, according to The Times of Munster. Majestic Star owner Don Barden said the area near Michigan and Ohio is “underserved” for gamblers. The mayor of Gary, […]
Itâ??s been awhile since the Indianapolis area has had two initial public offerings in the works at the
same
time, but thatâ??s exactly what we have. And theyâ??re software firms to boot â?? businesses Indianapolis
and other
Midwestern cities have…
ExactTarget Inc. will need to reveal much more about its $86-million initial public offering before analysts and investors can accurately assess the value proposition, one expert said today. The Indianapolis-based e-mail marketing firm hasn’t disclosed details including the number of shares available and the price per share; that information probably won’t be forthcoming until February, […]
Indianapolis-based Emmis Communications Corp. today announced it has acquired Inforadio, a national radio chain broadcasting in 13 Bulgarian cities.Balkan Broadcasting EAD, an Emmis subsidiary, purchased 100 percent of the stations’ parent company, Infopress & Company OOD, a Bulgarian limited liability company. The transaction is complete, and regulatory approval has been granted. Financial terms of the […]
The private-equity firm that bought Indianapolis-based Reilly Industries and re-made it last year into Vertellus Specialties has sold Vertellus to another equity firm, Wind Point Partners. New York private-equity firm Arsenal Capital Partners did not disclose terms of the deal. Indianapolis-based Vertellus, with 750 employees and annual sales of more than $450 million, was formed […]
A day after the team clinched its division championship on the field, the Indianapolis Colts front office scored its final gate sponsor for the new Lucas Oil Stadium. The Colts today announced a multi-year deal to make Sprint the stadium’s east gate sponsor. Though terms of the deal were not revealed, Colts officials told IBJ […]
A new site plan for the $750-million Venu project shows four anchor tenants: Whole Foods; Barnes & Noble; Arhaus, an upscale furniture retailer; and REI, an outdoor-gear superstore that would be new to…
Eli Lilly and Co. expanded its alliance with San Diego-based Ambrx Inc., the companies announced today. Indianapolis-based Lilly will use Ambrx’s protein-optimization technology, called ReCODE, in its efforts to develop biotech drugs. The two companies will try to bring to market drugs for treating metabolic diseases, central nervous system disorders and other conditions. Lilly will […]
If you picked up your tickets to see the preview of “The Savages,” the first IBJ Night at the Movies, please share your thoughts on the film after Monday night’s screening.
And look to “Lou Harry’s A&E” for information on future…
One of the productions I’ll be reviewing in the next IBJ is “Assassins,” the Stephen Sondheim musical staged by the new Indy-based company Lowbrow Productions (information at www.lowbrowproductions.org).
Something I probably won’t be mentioning in the article: The fact that…
ExactTarget Inc., one of Indiana’s highest-profile software firms, says in a new regulatory filing that it plans to raise $86 million in an initial public offering. The e-mail marketing firm is the second Indianapolis software company in recent months to file to go public. In September, Aprimo Inc., which helps companies manage marketing efforts, said […]
Columbia Sussex Corp.’s ability to renew its license to operate the Casino Aztar riverboat in Evansville could hinge on a couple of words and their definitions, according to the Evansville Courier & Press. Evansville Mayor Jonathon Weinzapfel says the Indiana Gaming Commission should yank the license held by the Fort Mitchell, Ky., company because New […]
Eleven years ago, AT&T/Lucent Bell Laboratories announced it was closing its wired consumer product design division in Indianapolis and consolidating operations in New Jersey. That left about 90 employees here with a choice: Move or find another job. Most went or joined other companies. But 34 decided to stick together and start their own business here-Indesign LLC. Today, the high-tech electronic design and development company near Fort Benjamin Harrison is a $6 million-a-year business with 53 employees and clients that…
I am going to chat with Angelo Pizzo, author of the best sports film of all time. Pizzo is the writer and coproducer of feature films “Hoosiers” and “Rudy.” He and I will debut “Mickey’s Corner,” a project patterned after TV’s Bravo Network program “Inside the Actor’s Studio.” The conversation will happen Jan. 16 at 7 p.m. at the Jewish Community Center, 6701 Hoover Road. Why don’t you drop in? Pizzo grew up in Bloomington and stayed home for his…
When Jim Cotterill became president of the newly formed Hoosier Christian Foundation in August, it capped off six years of
soul-searching for the Indianapolis entrepreneur. Cotterill represents growing numbers of local business professionals who
have diverted their time and talent to charity and service.
Are Indiana bank stocks on sale? Performing a cursory analysis on the list to the right of this column, an investor could answer that question with a qualified yes. It is noticeable that the Indiana stock list is populated with a good number of small com- banks. of these bank stocks pay attractive dividends, sell below their book values, and are trading at prices near multiyear lows. For example, there is River Valley Bancorp of Madison. River Valley’s stock is…
The deadly shooting spree at a Nebraska mall this month highlighted a challenge confronting Simon Property Group Inc. and other shopping center operators: how to protect their properties from violent acts, or even terrorism, while also leaving them welcoming to shoppers. Most retail real estate owners have ramped up security since the 9/11 terrorist attacks, though experts say shopping centers, like schools, remain “soft targets” for terrorism. “Shopping center owners have been very concerned about security for their patrons for…
Tiny Helmsburg in rustic Brown County is a rural hamlet that is so small outsiders might not even realize they’ve passed through it. So it’s no surprise that one of Indiana’s best-kept secrets is headquartered there, in an old school building that, appropriately, masks its identity. For Bare Feet has been knitting socks for 21 years and has amassed an impressive array of clients. It’s a league-licensed producer of socks, headbands and wristbands for the four major sports leagues: Major…
