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‘Smooth transition’ predicted as Lilly turns to experienced exec

July 28, 2016

Over the last eight years, Eli Lilly relied on a three-decade company veteran to steer it through declining sales and a struggling product pipeline. Now, it’ll rely on another long-time executive for its next chapter.

Pence campaigns in Wisconsin to woo wary Republicans

July 28, 2016

Donald Trump hopes that his running mate, Indiana Gov. Mike Pence, will prove to be a secret weapon when he comes to important swing state.

Anthem prepping for hardball fight with feds over Cigna deal

July 28, 2016

The Indianapolis-based health insurer said its participation in the government’s health insurance exchanges—a sore subject for the Obama administration that is trying to stop the acquisition—may be at stake.

Carrier, union agree to severance deal for 1,400 workers

July 28, 2016

Carrier Corp. and United Steelworkers Local 1999 have agreed on a severance package for 1,400 employees who will be displaced when the company moves operations from Indianapolis to Mexico.

Former BMO exec jumps to Salin

July 27, 2016

Frieburg Indianapolis-based Salin Bank and Trust Co. appointed John L. Frieburg III, the former Indianapolis market president for BMO Harris Bank, as its executive vice president and chief credit officer. The bank said Frieburg is responsible for all functions of its credit administration and loan compliance. Frieburg served as president of Harris Bank Huntley from […]

Financial veteran to lead Centra Credit Union

July 27, 2016

Columbus-based Centra Credit Union, one of the largest Indiana-based credit unions, announced in late June that it named Rick Silvers as CEO.

First Internet Bancorp builds war chest for growth

July 27, 2016

The bank said it plans to use the $23 million it raised to fund organic growth, possible acquisitions and other corporate purposes.

With financial house in order, CNO branches into investments

July 27, 2016

The insurer started two new businesses that extend its reach into the investment world, paving the way for its salespeople to sell insurance, securities and advice.

focus-cno-bonach-2-web-450-bp.jpg

Marketing initiative Film Indy hires first commissioner

July 27, 2016

Teresa Sabatine’s role will be to position Indianapolis as a production-friendly city for TV commercials, TV shows, corporate training videos and movies.

Shows gone by: Thoughts on ‘Equus,’ ‘The Winter’s Tale’ and Songbook Academy finals

July 27, 2016

Just because a show has closed, doesn’t mean it’s not worth writing about.

Fed keeps rates steady but sees less risk to U.S. economy

July 27, 2016

The central bank gave no hint of when it might resume the rate hikes it began in December, when it raised its benchmark rate from a record low.

CNO tightens oversight on deal with reinsurer linked to Platinum

July 27, 2016

CNO Financial Group Inc. said it’s scrutinizing a risk-transfer arrangement with Beechwood Re, the reinsurer linked to embattled hedge fund Platinum Partners.

Lechleiter: Lilly only considered insiders for CEO succession

July 27, 2016

David Ricks fit the bill for the top job at Eli Lilly and Co. after 20 years with the firm in product development, sales and marketing, and public policy, according to outgoing CEO John Lechleiter.

lilly lechleiter ricks

Simon coveting restaurants, online retailers to fill mall space

July 27, 2016

Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.

Anthem’s medical spending rises on higher Obamacare costs

July 27, 2016

Anthem Inc. shares fell Wednesday after the Indianapolis-based insurer said it expects to lose money on Affordable Care Act plans this year. The company had been planning to break even.

Anthem tells judge Cigna deal will help health insurance market

July 27, 2016

Anthem Inc. told a federal court that its proposed $48 billion merger with rival health insurer Cigna Corp. will lower consumer costs and extend coverage to more people, in response to a U.S. lawsuit seeking to block the deal.

As Fed ends meeting, few expect much clarity on next hike

July 27, 2016

The Fed is expected to issue a statement that acknowledges the strengthening economy without providing much explanation about when the next rate hike might occur.

Retailer Target leaving IndyCar after 27 seasons as sponsor

July 27, 2016

Target Corp. will leave IndyCar at the end of this season after 27 years with Chip Ganassi Racing that included 11 championships and four Indianapolis 500 victories.

Angie’s List swings to a profit, misses on revenue

July 27, 2016

The home-services review company earned $4.8 million in the second quarter, marking the fifth time in the last seven quarters it has turned a profit. But revenue continued to slip as the company overhauled its business model.

Simon raises dividend, outlook on solid quarterly results

July 27, 2016

The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.

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