$8M project slated for Fall Creek Place
The development would be built on land at East 22nd and Delaware streets owned by King Park Development Corp. and would feature 47 market-rate units and 9,000 square feet of retail.
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Opinion: NASCAR blew it on Brickyard rules package
NASCAR has tried to create a rules package that produces dramatic racing, but Sunday’s race at Indianapolis Motor Speedway featured just 16 lead changes. If there was a way to bottle what IndyCar does on ovals, NASCAR would buy it in truckloads.
Anthem gets $26.5B funding commitment for Cigna takeover
Anthem Inc.’s bid to become the largest health insurer in history is setting up one of the biggest debt offerings backing a takeover.
Hallador Energy to lay off 175 Indiana coal miners
Hallador Energy Co. announced the layoffs Monday affecting Sunrise Coal's mines in Carlisle and Oaktown, both about 90 miles southwest of Indianapolis.
Lilly expands R&D outside Indy—again
State and city leaders spend millions each year to entice companies to move here and add jobs here. But for the second time in three months, Eli Lilly and Co. has shown that the biggest attraction to a company is talented workers.
Company news
Eli Lilly and Co.’s highly anticipated cholesterol drug passed a “futility analysis,” allowing it to complete a critical Phase 3 study in patients, according to Reuters. The drug, called evacetrapib, is designed to boost "good" HDL cholesterol while lowering "bad" LDL cholesterol. An independent panel of scientific advisers recommended that the clinical trial of the […]
Clock ticking for decision on landmark insider-trading ruling
Time is running out for the United States to ask the Supreme Court to review a ruling that could lay the framework for how insider trading will be prosecuted for years to come.
Competition for local retail workers heating up
The competition for retail workers in the central Indiana job market has grown so intense that one retailer is offering hiring bonuses.
Thousands of scooters registered under new Indiana law
Thousands of motor-driven cycles, the vast majority mopeds and scooters, have been registered with the Indiana Bureau of Motor Vehicles since a new law went into effect in January.
People
Community Health Network named Dr. David Kiley senior vice president and physician executive for its north region. Kiley, an OB/GYN, has worked for Community since 1992. Most recently, he was vice president of clinical performance for Community’s north region, which includes its two hospitals in the Castleton area. Kiley earned a bachelor’s degree at Arizona […]
Priority list includes Gen Con, Shakespeare, Janis Joplin, more
If you really want to get ambitious, you could catch all three of my leading events this week.
Republic Airways shares plunge 55 percent after warning
Republic Airways Holdings Inc. stock dove Monday morning after the Indianapolis-based company slashed its profit outlook and warned of more flight interruptions from an ongoing labor dispute with pilots.
Manufacturers see rebound in orders for durable goods
Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, while business investment rebounded after two months of declines.
State agency spends $300K to add mantra to buildings
So far, the Indiana Economic Development Corp. has slapped the slogan "a state that works" on two buildings, using its existing promotional funds in a budget passed by the General Assembly.
Indiana panel recommends state stop licensing engineers
A state panel that's assessing Indiana's need to oversee dozens of occupations is drawing criticism for recommending that the state stop licensing and regulating engineers.
Pharmacy robberies up across Indiana, nation
Robberies of pharmacies to gain illegal access to prescription painkillers and other drugs have increased this year, with Indiana outpacing other states, crime data shows.
Mobile-device management firm MOBI nabs $35 million
Indianapolis-based MOBI landed the capital from New York-based private equity firm Bregal Sagemount, which has made previous investments in LifeLock, Orbitz and Vivint.
Anthem thinks it can chop $1.5B in costs after Cigna deal
Anthem Inc. and Cigna Corp. think their $54 billion merger can help them save a lot of money. But some hospitals and doctors worry those savings will come out of their pockets.
Health insurer deal fever may spread to hospitals next
Seeing mergers like Anthem’s planned acquisition of Cigna Corp., hospitals could decide that striking deals of their own could improve their negotiating power over medical reimbursements.
City dodges bullet as HQ stays under Anthem-Cigna deal
The company says its corporate headquarters will remain in Indianapolis, where its operations are responsible for contributing millions of dollars in corporate taxes and charitable giving.
