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Articles
Roundup: Flix opening in Carmel; Nourish and Hyde Park downtown
Flix Brewhouse will welcome moviegoers with Thursday’s premiere of “Avengers: Age of Ultron,” while Nourish Innovative Local Cuisine & Cocktails prepares to open downtown. Also downtown, the Illinois Building continues to lure restaurants.
Pence planning May trade mission to China
Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.
Company news
In a bid to make itself more efficient, Indiana University Health announced Friday that it will spend roughly $1 billion to expand its Methodist and Riley campuses, then close its University facility. During the five- to seven-year process, University Hospital will remain open to patients, just as it is now, according to IU Health officials. […]
Former Lilly partner set to pay $2.3B to settle Actos cases
Takeda Pharmaceutical Co. executives have agreed to pay more than $2.3 billion to resolve lawsuits accusing the company of hiding its Actos diabetes medicine’s cancer risks, three people familiar with the accord said.
EDITORIAL: Let citizens opine on TIF spending
The city of Indianapolis needs to craft a thoughtful strategy for how to spend millions of dollars in anticipated surplus downtown TIF funds over the next three years, and that strategy should include input from stakeholders outside the mayor’s circle.
Legislative roundup: Which bills passed, and which died?
Lawmakers passed bills on topics ranging from ethics reform to "religious freedom." Meanwhile, they shot down legislation that would have helped the Indy Eleven build or renovate a stadium and that would have permitted Sunday alcohol sales.
Business, philanthropy leader Danielson dies at 95
Donald “Danny” C. Danielson, named a Living Legend last year for his lifelong contributions to business, education and philanthropy in Indiana, died Thursday morning in his New Castle home at age 95.
Indiana life sciences leaders broaden focus to people
Finding and supporting savvy people might result in more life sciences startups.
Lilly pledges $60M to German firm to form research partnership
In a bid to get into the white-hot market for drugs that use the body’s immune system, Eli Lilly and Co. will spend $60 million to form a research partnership with Germany-based BioNTech.
Research institute hires CEO, picks HQ
With a CEO hired and a soon-to-be signed lease for office space, the $360 million Indiana Biosciences Research Institute is ready to lift off.
State tweaks law to entice $500M Rolls-Royce upgrade
If a tailor-made tax credit is any indication, Rolls-Royce Group plans to spend at least $500 million modernizing its Tibbs Avenue jet-engine factory.
Company news
Franciscan Alliance has offered to take over Jasper County Hospital in exchange for accepting all of the hospital's liabilities and debt, according to the Rensselaer Republican. A proposed asset purchase agreement was discussed May 13 by a joint meeting of the hospital’s board of trustees, the Jasper County Commissioners and the Jasper County Council. The […]
ITT fraud suit casts longtime auditor as victim of deceit
PricewaterhouseCoopers had served as ITT's outside auditor for at least two decades before it abruptly announced last November it would step down, giving up some $1.5 million in fees a year.
Judge dismisses bulk of Christ Church suit against JPMorgan
Christ Church Cathedral sued JPMorgan last year, saying the bank selected unsuitable and poorly performing investments, causing the church trusts to lose $13 million in value from 2004 to 2013.
Lilly to market euro bonds as low rates lure U.S. firms
The drugmaker plans to sell 2.1 billion euros ($2.3 billion) of securities in three parts, according to a person familiar with the matter who asked not to be identified.
Pace-setting firms share advice on diving into change, accelerating innovation
IBJ picked the brains of Indianapolis-area firms and organizations known for liquid thinking to discover how they open the spigot on innovation.
EDITORIAL: Innovation happens in diverse places
The city has a chance to once again become known for innovation. But only if it can avoid serious missteps like the one we saw earlier this year with the Religious Freedom Restoration Act.
Indy’s Golden Age in 1920s shows way forward
In the 1920s, Indianapolis was one of the most innovative cities in the nation. But after “the dark tragedy of the roaring twenties,” Indianapolis lost its edginess for decades and only recently has begun to regain it.
Great Indy Innovations
Central Indiana has been the birthplace of groundbreaking innovation felt nationwide–even worldwide.
