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Indianapolis drugmaker Eli Lilly and Co. saw first-quarter profit fall nearly 40 percent from a year earlier, to $508.7 million, due to its $2.3 billion acquisition of Bothell, Wash.-based Icos Corp. Lilly developed the erectile dysfunction drug Cialis in a joint venture with Icos. Without the Icos expense, Lilly profit jumped 9 percent, to […]
Sallie Mae, the student loan provider, has agreed to be acquired by J.P. Morgan Chase & Co., Bank of America, and two private investment funds for $25 billion, The Wall Street Journal reported this morning. Reston, Va.-based Sallie Mae, officially known as SLM Corp., employs 2,300 workers in Fishers and another 500 in Muncie. […]
Gov. Mitch Daniels is expected to be in Evansville at 11:30 a.m. Eastern time today to participate in an AT&T announcement that it will place a call center in the southwestern Indiana city. The call center, which will service Cingular Wireless customers, will employ more than 500, according to the Evansville Courier & Press. […]
Proverbs 30:19 states that there are “four things I’ll never understand, how an eagle flies so high in the sky, how a snake glides over a rock, how a ship navigates the ocean, and why adolescents act the way they do.” Having had three adolescents, I will agree they are beyond understanding. If there had been a stock market in the 10th century B.C., the author might have added one more item to the list. Besides adolescents, he probably wouldn’t…
I could see she was mad when I walked in the coffee shop. State representative Roberta Righteous was adding packet after packet of sugar substitute to her extra large macho mocha. As I sat down with my cup of regular, she blurted, “Your column last week was another cruel attack on the General Assembly. All criticism, all sarcasm, but no constructive suggestions for progress.” “You want constructive ideas,” I said, “I’ll give you some. “First, Indiana abandons partisan redistricting. When…
The state of Indiana (For Sale Or Lease: Ask Mitch About A Privatization Plan To Suit You And Your Budget) came up with four proposed designs for license plates, and you know, they didn’t look half bad. In fact, all four were fairly attractive. Which, of course, leaves us to ask, “How did that happen?” Let’s face it: This state hasn’t had a greatlooking license plate since … well, ever. From the minimalist plates of my youth, blue and maroon…
Someone wise in matters of politics once said programs for the poor are poor programs. It remains true today-initiatives aimed at helping the most vulnerable in our society, be they privately or publicly funded, seem to be perpetually starved for funds. And so the genius of those who created the Social Security system-originally aimed at older Americans whose assets were devastated by the Great Depression in 1935-was to make the program available to all, regardless of income. In a few…
Butler University is running with the big dogs these days in men’s NCAA Division I college basketball–at least on the court.
Financially, though, the Bulldogs face a difficult dilemma in chasing after programs with bigger budgetary bones.
Williams Beck & Hess Inc. Demand fueled growing pains When quality suffered, Camby firm slowed down to work out the kinks At 24, Harry Beals turned down a job working for a once-prominent petroleum tank company that had lost its luster following its founder’s retirement. Four months later, he bought it. After 30 years under Beals’ control, Williams Beck & Hess Inc. has grown into a business that generates nearly $1 million in revenue each year-not a bad return on…
State and city officials have begun evaluating four groups that want to develop an acre of prime real estate along the Central Canal downtown. The property, which covers about a third of the block stretching from Ohio Street to New York Street, will feature canal-level retail-a requirement of all potential developments there. It also could be home to a hotel or condominium complex, based on plans from two local developers. Two other groups also are in the running for the…
Citizens Gas & Coke Utility has revived its pitch for a regulatory plan that would fundamentally change the way it bills customers,
helping it cover rising expenses as gas sales fall. The plan would create an expanded energy conservation program that could
include rebates for customers who buy gas-efficient furnaces and appliances.
Economic development officials say networking is the first step in a process that, when successful, leads to industrial plant
expansions and company headquarters relocations. Travel, food, gifts and entertainment, they argue, are a necessary cost of
attracting jobs to Indiana.
One night almost a decade ago, Kim Cassel woke up in a hotel room at 3 a.m. It was the latest of hundreds of hotels she’d slept in during her career as corporate vice president of a nationwide candy shop chain. Disoriented, she needed to check the phone book to remember she was in Boston. That’s when Cassel knew she had to open her own business. Within months, she had quit her job, returned to her hometown of Greenwood, leased…
This isn’t just a feel-good story. It’s a feel-great story. It’s all about a young guy, full of ambition, yearning to grow, thirsting for knowledge, deciding to take a chance. Rolling the dice on a dream. Pursuing his passion. There he was seven years ago, fresh out of DePauw University, working in a promising marketing job for our local pharmaceutical giant, Eli Lilly and Co. He was making some nice change. If he wasn’t was just around the corner. So…
Sometimes we need to be reminded of the simplest, most basic things. Like the value of profit in a capitalist society. In a week where I was hard pressed to find the time to write a column, my friend Roland Dorson submitted an unsolicited piece for our consideration. I’ve known the president of the Indianapolis Chamber of Commerce to be a witty man with a clever way with words. Here, he deftly summarizes a notion to which I and IBJ…
The java stands Hubbard & Cravens Coffee Co. opened a year ago within Clarian Health Partners’ three downtown hospitals are brewing a rich aroma of results. Yet executives of the locally based coffee retailer and wholesaler know sales could be sweeter. “The hospitals are so huge that we don’t capture even a third of what we could,” said Marcie Hubbard, director of store operations. “So the question is, how do you reach everybody in that entire hospital?” The 23 Taiwanese…
I’ve noticed a trend in restaurants lately. Most of them seem to have dropped those customer comment cards they used to keep clamped at each table. I can see why. In my whole life, I’ve probably filled out fewer than half a dozen of those things, and always when I was particularly irked about the service. I’ve never turned them in, consoling myself with filling them out to blow off steam and then heaving a sigh as I tore them…
When the state kicks off its spring tourism ad campaign April 22, it will have a little more staying power thanks to a 38-percent surge in spending. The increase, made possible by cutting back in other areas, means a total of $550,000 will be spent on TV, radio and magazine ads targeted not only at neighbors in Chicago and Cincinnati but also Hoosiers from Evansville to South Bend. “We thought it was really important to put more money into that…
A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati
developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting
space.
The stately 12-story Canterbury Hotel could use a renovation, hospitality analysts say, to restore some luster and help it
take on more modern competitors. Such an overhaul might be on the way, along with new owners for the independent boutique
hotel at 123 S. Illinois St.
