2016 TOP STORIES: Lilly Alzheimer’s drug fails in high-stakes trial
t was the most closely watched experimental drug from Eli Lilly and Co. in years, a potential game-changer for treating the ravages of Alzheimer’s disease.
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2016 TOP STORIES: Competitor acquires Interactive for $1.4B
California-based Genesys Telecommunications Laboratories Inc. said it would acquire the Indianapolis-based call-center-software company for $60.50 a share, a 36 percent premium over Interactive’s closing stock price before news of the deal leaked.
2016 TOP STORIES: Retooled Republic preps to exit bankruptcy
Indianapolis-based Republic Airways Holdings Inc., which filed for Chapter 11 bankruptcy protection in February, says it expects to emerge from bankruptcy during the first quarter of 2017.
2016 TOP STORIES: Salesforce adds 800 jobs, puts name on Chase Tower
Salesforce’s light-blue cloud logo is expected to be anchored to the 48-story structure early next year.
IPL seeks rate hike that could add $10 per month to typical home bill
The utility says the increase, which would go into effect by the end of 2017, would be used to build one of the “cleanest, most efficient natural gas plants ever to be built in Indiana.”
Tindley Schools network taps former principal for CEO job
Kelli Marshall will permanently replace Marcus Robinson, who resigned earlier this year after questions about the financial state of the network and his lavish spending as CEO.
Wildlife rescue group trapped in middle of property for proposed development
Providence Wildlife Inc., located at 2425 E. 202nd St., cares for injured and orphaned Indiana wildlife. The group is located in the middle of the 317-acre site near the southeast corner of U.S. 31 and State Road 38 where developer Chris R. White is proposing to construct a mixed-use development with housing, retail, office buildings and warehouses.
City approves tax break for Cummins’ downtown office project
The Columbus-based engine maker will receive a 10-year personal property tax abatement on IT equipment for its new nine-story building, where it plans to employ about 250 workers by next month.
Developer pitching big commercial project by Keystone at the Crossing
Keystone Realty Group wants to rezone a 12.7-acre parcel at the northwest corner of East 86th Street and Keystone Avenue to construct the combination retail-office building.
Are the gay bars in Indianapolis headed for extinction?
Since 2015 at least five gay bars have closed in the city, about half the total. Among the casualties: the venerable Varsity, dating back to the 1940s. Talbott Street, long-known for its drag shows, also closed, as did the 501 Eagle, a bar favored by leather enthusiasts since 1986.
Allison Transmission CEO to retire in 2018
The Allison board plans to consider internal and external candidates to replace Lawrence Dewey, 60, who has served as Allison’s top executive since 2007.
Visits up at Grand Park in 2016
According to year-end data released by the city of Westfield, 750,725 visitors came to the nearly 400-park for more than 300 events this year.
IMPD chief says he’s leaving post in search of more money
Police Chief Troy Riggs said he told Mayor Joe Hogsett a year ago that he might eventually leave for another opportunity.
First Internet Bank raises $23.4M with new stock offering
The Fishers-based online-only bank plans to use the new capital to support its growing loan business.
Struggling Finish Line strives to reduce reliance on apparel
Slumping sales of apparel led the Indianapolis-based athletic clothier to report a steep loss in its latest quarter.
Pence could leave state with no energy standards for buildings
Critics say the absence of standards could have negative results for Hoosiers’ energy bills and lead to a “slumlord’s dream” scenario.
IU’s Glass touts long-term commitment to Crossroads Classic, despite drawbacks
IU Athletic Director Fred Glass would have good reason to be conflicted about the Hoosiers’ participation in the all-Indiana hoops double-header, which is no doubt a boon for downtown Indianapolis and Butler.
Troy Riggs stepping down as IMPD chief
Mayor Joe Hogsett said Riggs is leaving "to pursue other opportunities." But the mayor, who praised Riggs for bringing "innovative ideas" to the job, did not provide details.
Finish Line shares tumble on weak sales, steep loss
The company projected that Finish Line stores would see a 3 percent to 5 percent decline in same-store sales in the quarter that ends in late February, in part because many consumers will see a delay in receiving their tax refunds.
Incoming governor assembles finance team
Eric Holcomb tapped Jason Dudich as budget director and Adam Krupp as Department of Revenue commissioner. He also announced that Mike Pence-appointee Dan Huge will continue as director of the Indiana Finance Authority.