Eli Lilly’s Elanco unit blossoming at just the right time
An investment firm projects that the Elanco animal-health business will generate sales of nearly $2 billion by 2012 and surpass $3 billion by 2018.
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Experts tell state panel marijuana prohibition has failed
A state panel heard from a parade of experts Thursday as it began studying whether to legalize marijuana in Indiana or reduce criminal penalties on small amounts of the drug.
NFP of NOTE: Coalition for Homelessness Intervention and Prevention
he Coalition for Homelessness Intervention and Prevention mobilizes, advocates and empowers community collaboration toward the elimination of homelessness.
Dynasty trusts let wealthy escape estate, gift taxes forever
Carmel financial executive among those who plan to shield millions of dollars in a dynasty trust, so it can be passed on to multiple generations of descendants while paying as little in taxes as possible.
Police, health department busted by state environmental cops
The Indiana Department of Environmental Management says an inspection of the State of Indiana Forensic and Health Sciences Lab found open jugs of hazardous materials during an inspection.
Fair offers discounted admission
The Marion County Fair is offering a special “community thank you” admission price Thursday from 4:30-11 p.m. Fairgoers may enter the grounds for $5 per carload. Admission is typically $5 per person. Officials say the special admission is available at the Troy Avenue gate. The fair runs through Saturday.
Police seek missing Terre Haute boy
Police in Terre Haute are asking the FBI to step in as they search for a missing 4-year-old boy. Arrest warrants have been issued for Nicholas Runyon and April Diana Bell. They are charged with criminal confinement of John M. Johnson-Christian. According to officers, the child was unlawfully taken Tuesday morning. Runyon and Bell may be traveling in a white 1998 Dodge Caravan with Indiana license plates F-Z 2304. Investigators believe the couple may be taking the boy to Pennsylvania.
Police nab carjacking suspects
Indianapolis police officers arrested two suspects after an armed carjacking and a chase across the northwest side Wednesday night. A woman said two men forced her out of her vehicle at gunpoint at 4101 Deborah St. at about 11 p.m. A short time later, police caught up with the car near 30th Street and Guion Road. The driver sped off and led officers on a short chase before crashing near 30th and Dr. Martin Luther King Jr. Boulevard. Both suspects are being charged with carjacking, resisting law enforcement and carrying a handgun without a license.
Lenders attempting to foreclose on Broadbent headquarters
Huntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.’s purchase and renovation of a building on East Washington Street downtown.
Duke ignored water issue at Indiana plant, consultant says
Utility officials waited seven months to act on hazardous water concerns during construction of its costly Edwardsport plant and banked on winning an exemption, which the EPA later denied.
St. Vincent plans 200 jobs for Fishers expansion
The hospital system said it will expand its Medical Center Northeast facility to a 40-bed inpatient hospital. Construction is set to begin in September and should be completed by December 2012.
Indiana tourism effort honors famed course designer Dye
The Pete Dye Golf Trail includes seven public courses chosen by Dye: Brickyard Crossing, The Fort Golf Resort, Maple Creek Golf & Country Club, Plum Creek Golf Club, Mystic Hills Golf Club, Kampen Course and the Pete Dye Course at French Lick.
Duke Realty suffers loss on lower revenue
The Indianapolis-based real estate investment trust said it lost $29 million in its latest quarter, compared with a loss of $42.4 million in the same time frame a year earlier.
Celadon reports best 4th quarter in 5 years
Celadon Group Inc. put together its best fourth fiscal quarter since 2006, with earnings doubling over the same period a year ago, to $5.5 million.
Lawmakers ponder Indiana’s marijuana laws
Legislators have approved medical marijuana in 16 states and the District of Columbia. They have eliminated penalties on small amounts of marijuana in 13 other states.
Health care use trend may temper premium hikes
Consumers may catch a little break when their health insurance policies renew. Lower-than-expected use of health care has helped push insurer earnings higher and that may temper how much they increase premiums.
Crown Royal signs on as Brickyard 400 title sponsor
Sources say the deal is worth about $15 million over five years—a much-needed boost for Indianapolis Motor Speedway officials struggling to stop attendance declines at the NASCAR race.
CNO Financial sees quarterly profit soar, beating expectations
The Carmel-based life and health insurer earned $59.5 million in the three months ended June 30, an increase of 80 percent from the same period a year ago.
Indiana life sciences leaders look toward the future
Former Eli Lilly and Co. vice president Richard Dimarchi, BioCrossroads President David Johnson, angel investor Oscar Moralez and Purdue University Senior Vice President Alan Rebar discuss issues ranging from the depth of the life sciences industry in Indiana to venture capital and Purdue’s Discovery Park.
More life sciences firms opt to launch products in Europe
The U.S. Food and Drug Administration’s growing reputation for unpredictability is spurring some Indianapolis companies to join counterparts elsewhere and introduce products in Europe. The upshot is that some Americans may never benefit from innovations occurring in their backyards.