In Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures,
including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.
Within a month of joining the board of Evansville’s Integra Bank Corp. Mike Alley, former CEO of Fifth Third Bancorp’s central Indiana operations, had become Integra’s interim CEO.
The Greek Orthodox families of central Indiana worked for 10 years to build their new gold-domed church in Carmel, but they aren’t finished sacrificing. The 500-family congregation now must pay off the $9 million building, just as the recession and stock market collapse have wiped out some families’ ability to make good on pledges. “We wish, maybe, we hadn’t got […]
Indianapolis pharmaceutical company Eli Lilly and Co. has formed a diabetes marketing and education partnership with the Minnesota-based device maker Medtronic Inc., the two companies announced today. Lilly and Medtronic plan to use their marketing and sales teams to improve educational materials about Type 1 diabetes available to patients and physicians. Type 1 diabetes occurs […]
Indianapolis pharmaceutical company Eli Lilly and Co. has formed a diabetes marketing and education partnership with the Minnesota-based device maker Medtronic Inc., the two companies announced today. Lilly and Medtronic plan to use their marketing and sales teams to improve educational materials about Type 1 diabetes available to patients and physicians. Type 1 diabetes occurs […]
Lilly Endowment lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about the
Indianapolis-based endowment is that its most recent loss caps a downward slide that’s lasted eight years.
Some of Indianapolis’ main entrances from Interstate 70 are in line for a $2 million makeover.
Posting double-digit percentage losses is a rare event for most charitable foundations. Not so at the multibillion-dollar Lilly Endowment Inc. The Indianapolis-based foundation lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about Lilly Endowment is that its most recent loss caps a downward slide that’s lasted […]
Eli Lilly and Co. CEO John Lechleiter said during a speech today in Washington that he opposes the public-plan option at the center of President Barack Obama’s health care reform principles. He also warned that the “comparative-effectiveness” research of medical treatments, which received vast funding in Obama’s February stimulus bill, could go wrong if it’s […]
Eli Lilly and Co. CEO John Lechleiter said during a speech today in Washington, D.C., that he opposes the public-plan option at the center of President Barack Obama’s health care reform principles. He also warned that the “comparative-effectiveness” research of medical treatments, which received vast funding in Obama’s February stimulus bill, could go wrong if […]
Dr. Hamburger can no longer blame Zyprexa for making you fat. At least he can’t as part of lawsuits brought by patients against Zyprexa’s maker, Indianapolis-based Eli Lilly and Co. Zyprexa treats schizophrenia and bipolar disorder. Federal Judge Jack B. Weinstein in Brooklyn, N.Y., yesterday decided to exclude the expert testimony of Dr. Stephen Hamburger, […]
Dr. Hamburger can no longer blame Zyprexa for making you fat. Normal 0 false false false MicrosoftInternetExplorer4 At least he can’t as part of lawsuits brought by patients against Zyprexa’s maker, Indianapolis-based Eli Lilly and Co. Zyprexa treats schizophrenia and bipolar disorder. Federal Judge Jack B. Weinstein in Brooklyn, N.Y., yesterday decided to exclude the […]
President Obama is wrong when he says government
is the only solution to what ails America’s economy. In reality, his thoughts are tragically flawed. Government, as we know it today, is the problem.
A strong economy requires risk-takers, and it is the bold and brash who will seize opportunities as the economy rebounds.
Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional
investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source
of funding has dried up. The implications for Hoosier entrepreneurship are stark.
INVESTING Growing government likely to keep bull at bay I want to make a new friend in Washington. I would like to believe the Environmental Protection Agency can be that friend. All I need to do is get the folks there to like me, then convince them it’s the economic environment they need to protect […]
Embracing risk key to revival Executives shouldn’t become timid Risk has a bad name these days, for understandable reasons. In recent years, many corporate executives managed as if the boom times never would end, along the way ratcheting up debt to unfathomable levels. Many bankers, meanwhile, doled out loans to the lowliest of borrowers, and […]
The recession’s domino effect Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source of funding has dried up. The implications for Hoosier entrepreneurship are stark. “Right […]
Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source of funding has dried up. The implications for Hoosier entrepreneurship are stark. “Right now, it is very […]
Risk has a bad name these days, for understandable reasons. In recent years, many corporate executives managed as if the boom times never would end, along the way ratcheting up debt to unfathomable levels. Many bankers, meanwhile, doled out loans to the lowliest of borrowers, and traded complex securities few truly understood. Yet a strong […]
