Former Lt. Gov. Kathy Davis is attempting to build a virtual version of Indiana for policymakers to wander. If successful, the new IT system could help shape Statehouse debate on a host of subjects.
Four former top scientists at Eli Lilly and Co. have formed a Carmel-based company to develop diabetes therapies–a venture observers say has the potential to become the kind of blockbuster success BioCrossroads was built to stimulate.
Anyone surprised that at age 62, Jim Cornelius would take on the bruising job of leading embattled drugmaker Bristol-Myers Squibb shouldn’t be. After all, the Zionsville businessman has surprised observers before. This is an executive who 12 years ago gave up one of the top jobs in corporate America-chief financial officer of Eli Lilly and Co.-to become chairman of Guidant Corp., then a much-maligned collection of medical-device firms that Lilly was spinning off into a stand-alone company. A risky move,…
When Beth Dzuba’s husband Mark died suddenly 18 months ago, running the leak-detection business he owned was the furthest thing from her mind. A marketing professional at Eli Lilly and Co., she knew nothing about the leak business, let alone how to run a company. The couple-married less than three years-had never even imagined such a tragedy, let alone discussed what to do with the business if the unthinkable happened. Nevertheless, Dzuba found herself dealing with her husband’s business even…
With a new director in place and a $74 million renovation and expansion complete, the next step for the Indianapolis Museum of Art is courting donors to financially back the enlarged operations. Those who pledge at least $2,500 to the IMA are invited to accompany, at their own expense, IMA Director Maxwell Anderson and his wife on a cruise in the fall of 2007 to Spain, France and Italy. The excursion coincides with the opening next year of the museum’s…
It’s 2:30 p.m. on a Tuesday and a steady stream of customers continues to patronize Claus’ German Sausage and Meat Market on East South Street. By March, however, the butcher shop likely will have abandoned its longtime home for a new building on South Shelby Street in Fountain Square. Whether its loyal clientele will follow concerns owner Claus Muth, who purchased the store from relative Gerhard Klemm in 2003 and changed the name from Klemm’s in April. “Since [the new…
Eli Lilly and Co. has picked an insurer it knows extremely well to cover future problems in the high-stakes world of product liability litigation–itself. The Indianapolis drugmaker opted for self-insurance after struggling to find coverage in what it terms a “very restrictive insurance market.”
Mention a career in motorsports to most youngsters and they imagine whizzing around the track like NASCAR’s Tony Stewart or Sam Hornish Jr., points leader of the Indianapolis Racing League. But a partnership between Indianapolisbased Panther Racing LLC and Decatur Township Schools wants to introduce students to more practical professions within the sport by providing the resources in a hands-on learning environment. The result is the Panther Education Center, set to open next fall near the racing team’s headquarters at…
Indiana University leaders believe their researchers can spawn 100 new companies, pump $2.4 billion into the state's economy, help create 14,000 jobs, and generate a $2.25 return for every dollar spends if the General Assembly will invest in their bold life sciences strategy.
Tom King thinks its time to run the not-for-profit Indiana Sports Corp. with a for-profit mind-set, a change that could radically alter the organization credited with implementing the city’s amateur sports strategy.
If State and English avenues in the Fountain Square district were on a Monopoly board, they would probably be the ones available immediately after passing “Go.” But after the Southeast Neighborhood Development Inc. is finished there, the intersection will move several spaces closer to Park Place. The not-for-profit is investing $1 million to renovate three dilapidated buildings it bought to convert them to residential/work spaces as part of its Fountain Square Corners development. A local photographer who will live in…
A benefits package WellPoint Inc. unveiled in July includes an ambitious effort that enables its 34 million members to access their medical records online. WellPoint’s initiative to make the records available electronically is but one example of a national movement, backed by President Bush, to make all medical records available online within the next 10 years. Advocates say online systems can reduce medical errors and avoid unnecessary procedures by making patients’ medical needs and histories available to doctors instantaneously. Indianapolis-based…
After Kelly Sernau earned an associate in arts degree in hospitality at Michigan State University, she began researching schools that offered a bachelor’s degree in the field. She considered staying in her home state, then researched schools in Chicago and other places. Ultimately, she opted to transfer to IUPUI’s Department of Tourism, Conventions and Event Management within the School of Physical Education and Tourism Management. “I wanted to focus on meeting planning, [but] most programs focus on the hotel aspect…
The July 21 announcement by Lilly Endowment Inc. that it will reduce its holdings in Eli Lilly and Co. by $2 billion will have enormous repercussions. It’s meant to decrease volatility in the endowment’s assets, but it also erodes one of Lilly’s key antitakeover provisions.
The historic Canterbury Hotel has hosted its share of celebrities. Robert Duvall, Michael Jackson and Mike Tyson are among the most famous or, in some instances, infamous. But the downtown hotel may be more elated to welcome back Daniel Emerson, a veteran of the local hospitality industry who is a star in his own right to the guests he pampers with his trademark flair. Emerson, 50, returned to the Canterbury on South Illinois Street July 24 as its food and…
One of the great things about being a newspaperman is that you get the inside scoop on everything. Even more so than reporters, editors have a unique perspective because they are in on the details of all the big news that’s breaking. They are also privy to lots of information and background that doesn’t end up in print for one reason or another. So it is with a sense of collegial empathy that I highly recommend an upcoming book by…
I recently called my doctor’s office hoping he could squeeze me in to diagnose a minor, but annoying, health problem. His nurse informed me I wouldn’t be able to get an appointment for at least three days. She suggested I go to an immediate-care facility if I needed attention right away. I was surprised the doctor couldn’t see me, but I appreciated the nurse’s candor. She knew better than to cheerfully suggest an appointment days in the future, by which…
Black business owner Bob Logan is one of four entrepreneurs chosen by the Indiana Business Diversity Council as inaugural tenants of its unusual new incubator, which caters solely to minority-owned businesses.
Linda Malkas’ arrival at the Indiana University School of Medicine four years ago is beginning to look like a coup for the city’s life sciences initiative. Armed with promising cancer research, Malkas helped found CS-Keys Inc., which last month received a $285,000 infusion from BioCrossroads’ Indiana Seed Fund and is poised to net a similar investment July 17 from Triathlon Medical Ventures in Cincinnati. The additional capital is critical to the startup’s continuing development of a biomarker that detects breast…
Our culture is easily distracted. Shiny things grab our attention. Gold’s luster doesn’t change, but our perception of the shine apparently does. After gold suffered for 20 years in a protracted bear market, we became mesmerized by the stuff, running the price from $250 an ounce to $730 in seven years. I guess when we do decide to focus, we really turn up the heat. But then gold in late spring suffered a sharp 25-percent correction in only four weeks….
