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Simon Property Group signs CEO to long-term contract

July 8, 2011

Indianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.

J&J completes sale of animal-drug business to Lilly

July 8, 2011

Janssen Pharmaceutica said Thursday it has completed the sale of its animal health business to Eli Lilly and Co. Inc.

Indiana fireworks tax raises millions for training

July 8, 2011

State budget officials said Indiana took in $2.5 million from the special 5-percent public safety tax on fireworks during the 2011 fiscal year that ended June 30. That indicates about $51 million in retail fireworks sales around the state during that time.

Senators propose immediate end to ethanol credit

July 8, 2011

Two senators from ethanol-producing states proposed Thursday to immediately end a tax credit for the corn-based fuel and agreeing to support shifting some of that money to debt reduction.

Simon wagers on Internet gambling’s future

July 7, 2011

Billionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap a payoff as a result.

Lenders battling Broadbent legal strategy

July 7, 2011

Developer George P. Broadbent sold The Broadbent Co. to his wife for $50,000 in March 2010 as he faced a barrage of lawsuits threatening his control over the real estate company he co-founded in 1972. He has also transferred several properties to her.

DJ says diverging from playlist cost him job

July 7, 2011

Former WFMS-FM 95.5 on-air personality J.D. Cannon said he was fired for insubordination after Jan Jeffries, Atlanta-based senior vice president of programming for Cumulus, heard WFMS play “Long Black Train” by Josh Turner and “Killin’ Time” by Clint Black.

Matriarch’s work ethic inspires Holiday World staff

July 7, 2011

Pat Koch, whose official title at her family-owned Holiday World theme park is director of values, sets a high bar for hard work and dedication.

Music stations doing just fine without on-air DJs

July 7, 2011

Many popular and well-paid disc jockeys in the local radio market have been let go over the last several years, and their station’s ratings generally didn’t suffer when they left.

Eli Lilly using big dividend to prevent investor exodus

July 7, 2011

Lilly executives are emphatic that they have no plans to reduce the company's 49-cents-a-share quarterly cash dividend, which gives the stock a rich annual yield of 5.2 percent.

Purdue Research Park nears capacity

July 7, 2011

Purdue just added a large tenant to the Indianapolis research park, bringing the total to 14.

Japanese industrialists tapped for Energy Systems Network board

July 7, 2011

The president and CEO of Toshiba Corp. is among those joining the board of the Indianapolis-based clean tech/energy initiative.

Miles & Brinson nabs Crossroads Industrial account

July 7, 2011

The agency will handle marketing, public communications and media relations for the division of Easter Seals Crossroads.

No slowing down

July 7, 2011

City taps downtown TIF funds for bridge repairs

July 7, 2011

The city is bidding work to repair concrete and add a green roof to the Meridian Street Bridge adjacent to downtown Union Station.

Banker appointed chairman of Indiana higher education commission

July 7, 2011

The commission has drawn national attention for its performance-based funding plans.

Basiles back IndyFringe’s building acquisition

July 7, 2011

Gift kicks of $600,000 campaign to renovate, expand theater building.

2012 Super Bowl merchandise unveiled

July 7, 2011

Items ranging from T-shirts and sweat shirts to mugs and pennants are available exclusively through ColtsProShop.com, at the Colts ProShop in Lucas Oil Stadium and at Circle Centre mall.

Turnaround experts eye state schools

July 7, 2011

Interventions by state officials next month in as many as 18 struggling schools will open Indiana to a new and unproven breed of private education entities that have sprung up in just the past decade. That introduction is likely to be smaller than originally thought, but have far-reaching ramifications.

IndyCar CEO may take control of more races to boost TV ratings

July 7, 2011

IndyCar Series CEO Randy Bernard is so driven to increase race attendance and television ratings, he’s considering taking control of more of the open-wheel circuit’s races to make that happen.

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