Lilly posts lackluster profit but boosts full-year forecast
Eli Lilly and Co.’s profits plunged 18 percent in the second-quarter but still easily beat the lowered expectations of Wall Street analysts.
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Taxpayers could lose billions as U.S. students escape loans
The unwinding of for-profit education companies could allow tens of thousands of students to walk away from their federal loan obligations.
Indiana to pay $124K to settle sign language suit
A deaf man filed the lawsuits after being denied a sign-language interpreter so he could follow a court hearing in which his mother was a party.
Alzheimer’s trials offer little certainty for investors, patients
Shares of Eli Lilly and Co. stagnated in Wednesday morning trading as investors and patients wished that the effects of solanezumab were more pronounced. Rival Biogen offered muddy results from its own Alzheimer’s drug.
Sports Corp. aims to smash gymnastics attendance record
Local organizers think this year’s national gymnastics championship could have 20 percent higher attendance than the event had last year in Pittsburgh. A massive advertising campaign kicks off Monday.
CloudOne relocating HQ to Switch in Fishers, planning hiring spree
The fast-growing tech firm says it’s moving from the North Meridian Street office corridor in Indianapolis and planning to hire as many 64 additional full-time employees by 2019.
IndyCar creates conduct code to limit criticism
The new code comes after June race where many drivers complained about dangerous pack racing conditions and were critical of series management.
Angie’s List shares drop after revenue miss, quarterly loss
Angie's List Inc. on Wednesday reported a loss of $8.3 million for the second quarter, ending its streak of two profitable quarters and sending its shares down about 21 percent in late-morning trading.
FCC chairman recommends OK of $48.5B DirecTV-AT&T deal
AT&T's purchase of DirecTV would create the country's largest provider of cable or satellite TV.
WTHR-TV ends fee dispute with Dish Network
WTHR-TV returned to the Dish Network channel lineup Tuesday, ending a contract disagreement over retransmission fees that lasted more than five weeks.
Study shows Lilly’s Alzheimer’s drug has small but lasting benefit
New data released Wednesday morning suggest that Eli Lilly and Co.’s Alzheimer’s drug has a modest but lasting impact on the memory-sapping disease. But analysts worry the impact is too small to be meaningful.
Giant Eagle drops plans to demolish historic Cumberland church
After a drawn-out battle with the town of Cumberland, Giant Eagle said that it won’t pursue plans to demolish the St. John United Church of Christ to build a gas station and convenience store on the property.
DMD administrator Beaubien promoted to acting director
Brad Beaubien will take over for Adam Thies, who announced last week that he was leaving on Friday to become assistant vice president for capital planning and facilities at Indiana University.
Former HHGregg manager wins class-action suit over bonuses
The complaint charged the Indianapolis-based retailer failed to factor a $40 million life insurance payout into the calculation for employee bonuses. The ruling potentially could lead to millions of dollars in damages.
Owner of 3 Indiana casinos sells real estate in $4.7B deal
The deal will create a combined real estate investment trust that will own 35 casino and hotel facilities in 14 states, including three in Indiana.
Ameriana shareholders sue over First Merchants buyout terms
Ameriana shareholders said in the complaint that the $69 million offer is “inadequate” and that the deal deters competing bids.
Indy-area woman charged with faking nursing license, cancer
Ashley Trent faces charges of forgery, deception, theft and practicing nursing without a license. She also is accused of forging letters from IU Health that claimed she had breast cancer.
Report ranks Indiana 32nd for child well-being
The national report found that more Indiana children have health insurance and fewer are abusing drugs and alcohol, but the state still dropped in the rankings due to improved results in other states.
State unemployment rate drops to seven-year low
The state’s unemployment rate fell to 4.9 percent in June, sinking below 5 percent for the first time since February 2008, the Indiana Department of Workforce Development said Tuesday morning.
Indy-based health data firm snares $1.5M in VC round
Healthiest Employers LLC, which collects and measures corporate health information, plans to use the funds to drive sales of its analytics software.