Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]
Eli Lilly and Co. CEO John C. Lechleiter saw his compensation spike nearly 28 percent in 2008 as he took over the top job at the Indianapolis-based drugmaker. Lechleiter received $10.8 million in salary, bonus, stock and perks during the year, according to a preliminary proxy statement filed today by Lilly with the U.S. Securities […]
Tonight, the Guthrie Theatre’s touring production of “Henry V” comes to Purdue University. Shortly after talking about it on the air today at Fox 59 (where I offer a weekly preview of upcoming arts events–see clip at www.ibj.com/arts), I…
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams toward pressing needs brought on by the recession. “This is not the year to be wide open,” Central Indiana Community Foundation President Brian Payne said. Two major funds under the CICF umbrella, the Indianapolis Foundation and the […]
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams
toward pressing needs brought on by the recession.
Lilly executives want to make biotech their top focus.
Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices.
To survive in an uncertain future, Eli Lilly and Co. needs drugs that develop faster and cheaper and that perform better. Biotech drugs, Lilly executives insist, fit that bill. That’s why Lilly shelled out $6.5 billion to buy the biotech fi rm ImClone Systems Inc. in November, six months after it opened its own $1 […]
It isn’t easy being a retail CEO in a deep recession. Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices. But the home-grown retailer has at least one major advantage: Lyon, the ‘s president, […]
Upscale Broad Ripple restaurant L’explorateur, which prides itself on an avant-garde menu built around locally grown food, is closing Saturday. Owner Neal Brown, who opened the restaurant in May 2006, informed customers of his decision this week on his blog. Plans for a downtown location are still in the works, however. Brown could not be […]
Upscale Broad Ripple restaurant L’explorateur, which prides itself on an avant-garde menu built around locally grown food, is closing Saturday. Owner Neal Brown, who opened the restaurant in May 2006, informed customers of his decision this week on his blog. Plans for a downtown location are still in the works, however. Brown could not be […]
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.
The Indy Racing League made Pres. George W. Bush’s final report, highlighting his eight-year term’s accomplishments and results. On page 26 of the report, Bush writes about his work with renewable energies. The…
The Fishers insurance-and-securities broker who disappeared following a plane crash in Florida on Sunday left a trail of deceit dating back years before his latest legal and regulatory woes. Marcus Schrenker, 38, faced final arguments next week in a regulatory proceeding the Indiana Department of Insurance’s consumer-protection division filed against him a year ago. Investigators […]
Ten of Indiana native George Rickey’s towering kinetic sculptures are coming to downtown Indianapolis in May. The downtown exhibit will overlap this summer with a career survey of the influential artist’s work, hosted by the Indianapolis Art Center in Broad Ripple. Then pieces from both shows will travel to South Bend, where Rickey was born […]
Some of the nation’s largest commercial real estate trade groups are asking the federal government to come to the industry’s aid-a push that, if successful, could give a boost to Simon Property Group Inc. and other Indianapolis-based developers. The Wall Street Journal reported today that the commercial real estate industry is asking to be included […]
Indianapolis Mayor Greg Ballard has notified the City Market that the financially strapped city is phasing out its subsidies
to the historic downtown fixture, which account for one-quarter of the market’s nearly $1 million budget.
In January, St. Paul, Minn.-based 3M will release “Clinpro 5000,” a specialty toothpaste Indiana Nanotech developed.
Thank you for taking time to write an amazing [Maurer column in the Dec. 15] IBJ on smoke-free air. Your editorial and others written by IBJ staff will help influence local policymakers to pass a comprehensive smoke-free-air law in Indianapolis and Indiana. Smoke Free Indy is very grateful to have yours and IBJ’s support as […]
