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Articles

Longtime exec now in driver’s seat at marketer ExactTarget

May 30, 2014

Company observers praised the elevation of Scott McCorkle to CEO for his combination of tech smarts, people skills, and experience with international operations.

Lottery commission OKs new multistate Monopoly game

May 30, 2014

Under its aggressive sales strategy for the next fiscal year, the Hoosier Lottery’s operator will add games including Monopoly Millionaires’ Club and Bingo To Go.

ExactTarget CEO Dorsey leaving company

May 30, 2014

Scott Dorsey, who co-founded ExactTarget in 2000, will be succeeded by Scott McCorkle, who currently is the company's president of technology and strategy.

LOU’S VIEWS: Welcome to the ape house

May 29, 2014

The zoo’s new orangutan house is ready for prime(mate) time. And visiting is addictive.

Former Colt, Bear take tax lawsuit to Ohio’s top court

May 29, 2014

Former Indianapolis Colts center Jeff Saturday and ex-Chicago Bear linebacker Hunter Hillenmeyer are suing Cleveland over what they consider an “egregious and shameless money grab.”

Isotope maker plans $40M project in Noblesville

May 28, 2014

Radiopharmaceuticals maker Zevacor Molecular plans to open a $40 million isotope-production facility in Noblesville, creating nearly 50 good-paying jobs within five years.

Indy 500 TV ratings tick up, but Miles still has miles to go

May 27, 2014

The TV ratings for the 2014 Indy 500 may be a small validation for some of the changes made at the Indianapolis Motor Speedway by Hulman & Co. CEO Mark Miles. But there's still lots more improvement needed.

Pfizer pulls plug on push to buy AstraZeneca

May 27, 2014

Pfizer said Monday that it does not intend to make a takeover offer for British drugmaker AstraZeneca, pulling the plug for now on what would have been the largest deal in the industry's history.

CEO pay at public companies crosses $10M mark

May 27, 2014

Propelled by a soaring stock market, the median pay package for a chief executive of a typical large public company rose above eight figures for the first time last year, an increase of 8.8 percent from 2012.

Indianapolis Zoo’s orangutan center set for opening

May 23, 2014

The $26 million International Orangutan Center at the Indianapolis Zoo is scheduled to open to the public Saturday. Zoo officials expect a tremendous attendance boost from the exhibit.

Retailers see stagnating sales of consumer electronics

May 23, 2014

Already squeezed by tough competition from online retailers like Amazon.com and discount stores like Wal-Mart and Target, retailers like Best Buy and Sears have been cutting costs and revamping merchandise and store formats to attract customers.

Executive pay continues on upswing

May 22, 2014

The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.

Dropping health plan for Obamacare, this firm saved money but sacrificed choice

May 22, 2014

RANAC Corp., a small firm in Indianapolis, cut its spending on health benefits 25 percent after dropping its group health plan. Could it be a sign of things to come?

UPDATE: Urban League CEO flexible on retirement date

May 21, 2014

Civic and business leader Joseph Slash, 70, plans to move on soon, but is willing to wait for the search committee “to get it right.”

Takeda denies hiding Actos cancer risks in Nevada trial

May 21, 2014

Takeda Pharmaceutical Co. didn’t hide the alleged bladder-cancer risks of its diabetes medicine Actos, a lawyer for the company told a jury. Actos was marketed for Takeda in the United States by Eli Lilly and Co. from July 1999 to March 2006.

Indianapolis loses Super Bowl bid to Minneapolis and its new stadium

May 20, 2014

Despite having what several NFL executives said was the strongest proposal, Indianapolis lost out on hosting the 2018 championship game to a city with a new, $975 million stadium in the wings.

Indy Super Bowl bid calls for new football research center, HQ

May 20, 2014

Part of the legacy project included in Indianapolis' 2018 Super Bowl bid includes building a research and training center and headquarters for USA Football, local bid committee members revealed Tuesday morning.

Tech firm ChaCha slices 28 of its 44 employees

May 20, 2014

The Carmel-based question-and-answer service cut its 18-month-old social media division, Social Reactor, after a rate algorithm change at Google slashed the division’s revenue from advertising.

Pence’s HIP 2.0 insurance expansion has national aspirations all over it

May 19, 2014

Gov. Pence's HIP 2.0 plan is nothing less than an attempt to roll back liberal policy on low-income health benefits as far as currently possible–and to get other states to follow suit. It might even be an opening bid for president.

Company news

May 19, 2014

Minnesota-based UnitedHealth Group Inc. will make the prices it pays for health care services available to consumers on the Internet, according to Bloomberg News. The effort, organized by the Health Care Cost Institute, will include two other insurers, Louisville-based Humana Inc. and Hartford, Conn.-based Aetna Inc. They will make public a “reference price” for health services in local communities, based on aggregated data from insurers. Customers of each insurer will get more precise information about prices, including how much they’ll have to pay out of pocket. Indianapolis-based WellPoint Inc. has been working recently to make prices available to its customers via a partnership with Castlight Health, a San Francisco-based software firm.

Eli Lilly and Co. lost a United Kingdom lawsuit over its Alimta lung cancer treatment but plans to appeal, according to Bloomberg News. A judge ruled May 15 that a generic version of Alimta, planned by Actavis Plc, doesn’t breach European patents. Indianapolis-based Lilly, which had first quarter sales of $632 million from Alimta this year, has fought lawsuits across the globe to protect patents related to the product. In March, a U.S. District Court upheld a patent regarding vitamin dosage in a dispute with Teva Pharmaceutical Industries Ltd. Some European patents for Alimta expire in December 2015, and Actavis is seeking regulatory approval for a rival treatment, according to a written decision by Judge Arnold handed down in London. Lilly said in its statement that it had won an Alimta patent case in Germany earlier this year. The company said it expected European patents related to vitamin dosage to remain in force until 2021.

Purdue University trustees authorized the completion of a $54 million flex lab, to be built south of the Birck Nanotechnology Center in Purdue’s Discovery Park. The 75,000-square-foot lab will be financed with up to $38 million in proceeds from bonds, up to $13.5 million in gift funds and up to $2.5 million in university central reserve funds. Also, the trustees OK’d a $14 million, 32,000-square-foot expansion of Jischke Hall to enhance the university's biomedical engineering research capabilities. Purdue will also spend $10 million to construct a 25,000-square-foot center for seed processing and analysis, and will spend $8.2 million to expand its Zucrow Laboratories to add 14,600 square feet of space.

HR Dimensions LLC has acquired by Chicago-based WIA Group to form HRD Advisory Group LLC. The merger gives HRD a practice that covers all types of employer insurance, including health benefits, as well as risk management consulting services. The combined firms will continue to operate out of HR Dimension’s offices in Carmel.

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