Former Cook Group unit plans $100M expansion, 200 jobs in Indiana
A New Jersey-based company that acquired Cook Group’s drug-delivery technology unit in late 2017 has plans for a major expansion.
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Lilly execs: $8B acquisition feeds into cancer drug strategy
Drug industry analysts on Monday applauded Eli Lilly and Co.’s pending $8 billion cash deal to buy a startup that focuses on oncology, which has become a prime focus for the pharma giant in the last year.
U.S. sees trade deal within reach as China dispatches top aide
The Trump administration expressed optimism it can reach a “reasonable” trade deal with China as negotiations began in Beijing.
House Republicans reveal agenda without hate crimes bill
The priorities for Indiana House Republicans this year align with Gov. Eric Holcomb’s agenda, except for one significant issue that did not make the list: a hate crimes bill.
Groups ask EPA to investigate contamination in Franklin
The groups say the EPA’s handling of the site formerly used by electronics manufacturer Amphenol involved “serious mismanagement.”
Macy’s store in Indianapolis set for closure
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.
Martin University pulls new president from staff at UIndy
After conducting a national search, the black liberal arts college on Indianapolis’ east side has hired a diversity and inclusion officer at UIndy to replace outgoing leader Eugene White.
In its biggest takeover ever, Lilly buying cancer drug startup for $8 billion
Connecticut-based Loxo Oncology, which was founded in 2013 and went public a year later, has a cancer drug in development that recently received U.S. Food and Drug Administration "breakthrough therapy" status.
China upbeat ahead of U.S. trade talks despite differences
China sounded a positive note ahead of talks with U.S. trade officials this week on a sprawling trade dispute, but the two sides face lengthy wrangling over technology and their future relationship.
IBJ Podcast: Will Indiana lawmakers bet big on sports gambling?
IBJ reporter Lindsey Erdody talks with host Mason King about the sports gambling legislation that will be considered in the Indiana House and Senate this year, including the many details that could complicate passage.
Sears prepares for liquidation after Lambert’s bankruptcy bid rejected
Sears representatives summoned liquidation firms and other advisers to emergency meetings after rejecting Chairman Eddie Lampert’s $4.4 billion bid to buy and operate Sears stores, sources said.
Crispy Bird fried-chicken joint by Patachou closing after departure of founding team
Instead of trying to continue operating the Meridian-Kessler eatery, Patachou leaders say the space is needed to temporarily house the operations of the company’s fast-growing, not-for-profit foundation.
Colts dominate Texans for first playoff win since 2015
Quarterback Andrew Luck and running back Marlon Mack powered the team to a 21-0 halftime lead, and the defense turned back a surging Texan offense late in the fourth quarter for a 21-7 win. Next up: the Kansas City Chiefs.
Stocks soar as Powell, hiring numbers reinvigorate market
Stocks skyrocketed Friday after investors got good news on the economy, Federal Reserve policy and trade tensions.
Buckingham calls off plans for controversial Broad Ripple project
The proposed five-story complex, planned for the heart of Broad Ripple, drew concern from residents over potential parking issues, the height of the proposed buildings and the future of the alley running north-south through the property.
Comcast, AT&T raising pay-TV prices as cord-cutting accelerates
The move by cable and satellite providers is meant at least in part to cover increasing costs for carrying networks and popular channels, but they risk exacerbating the trend of canceling service altogether.
Powell pledges flexible rate policy, won’t quit if Trump asks him
Federal Reserve Chairman Jerome Powell said the central bank can be patient as it assesses risks to a U.S. economy and will adjust policy quickly if needed.
Local mattress maker Foamcraft enters national bed-in-a-box market
Foamcraft Inc., an Indianapolis-based foam-products manufacturer than began selling mattresses less than two years ago, plans to compete directly with online mattress behemoths such as Casper, Leesa and Purple.
Indiana’s high school graduation rate ticks up slightly
Indiana graduation rates have held relatively steady since 2011, fluctuating by small amounts each year.
Indiana OKs new rules for veterans agency after scrutiny
Indiana officials have approved new rules to rein in a state agency that awarded grants intended for struggling veterans to its own employees.