Lilly earns more than expected but misses revenue expectations on key drugs
Eli Lilly and Co. easily topped earnings expectations in the third quarter, but shares in the Indianapolis-based drug company tumbled nearly 5 percent Wednesday morning.
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ISO’s Leppard dies at 92
In his tenure as music director from 1987 to 2001, Raymond Leppard led the Indianapolis Symphony Orchestra on international tours and focused on producing recordings and radio broadcasts.
Four local development projects picked to receive $35M in incentive funds
Indianapolis Mayor Joe Hogsett said Tuesday that the city intends to use New Markets Tax Credits from the U.S. Department of the Treasury to support development projects involving the Madam Walker Legacy Center, the Wheeler Mission Center for Women and Children and two other groups.
Developer of firehouse project in Butler-Tarkington eyeing start by year’s end
Third Street Ventures has received permits for nonstructural interior demolition of the former fire station near 56th and Illinois streets, but it hasn’t yet firmed up the building’s commercial use.
Carmel Council urges lawmakers, FCC to limit 5G technology deployment
The resolution follows several weeks of discussion among Carmel officials and residents, who have expressed concerns about the health and safety implications of 5G technology.
Pacers give Sabonis 4-year deal to keep core group together
The Pacers did not announce financial terms of the deal though ESPN.com first reported it was worth $77 million in guaranteed money and Sabonis could make as much as $85 million with bonuses.
Emails: Ambrose exited Waterside project 2 weeks after city rejected request for more funding
The Indianapolis-based developer asked the city for an increase of more than $10 million to its incentive package. But following meetings and email exchanges, city officials rejected the request, calling it “not feasible.”
Hogsett outraising, outspending Merritt by millions of dollars
Indianapolis Mayor Joe Hogsett has so far spent $4.6 million on his re-election campaign, about $4 million more than his opponent, Republican state Sen. Jim Merritt.
Story, Indiana’s next chapter: Son taking over after dad’s death
Rich Hofstetter is inheriting control of Story, Indiana, after the death of his father, Richard, who for years was the public face of the off-the-beaten-path attraction.
Colleges to battle over shrinking pool of student recruits in coming years
Schools in Indiana and nationwide are preparing for a significant drop in the number of high school graduates.
Brokers say downtown dining scene hopping despite high-profile closures
A host of big-name restaurants has closed downtown over the past year amid financial struggles and disappointing sales.
Painter applies data to artwork sales
Painter Justin Vining is something of an anomaly. What makes him unique isn’t so much his art as his data-driven approach to selling it.
IHPC members pan design of proposed 22-story addition to Morrison Opera Place
Members of the Indianapolis Historic Preservation Commission on Thursday said they would be hesitant to support the design for the proposed $60 million, addition. One even called it a “brutal proposal.”
Hotel Tango to open tasting room near Zionsville’s village
The craft distiller is partnering on the project with Indianapolis-based Jackson Investment Group, which this summer acquired the 10,300-square-foot building where the tasting room will operate.
Wise says restaurant chain’s failure led to personal bankruptcy
Former Scotty’s Brewhouse owner Scott Wise and his wife, Amy, filed for Chapter 13 bankruptcy protection last week in U.S. Bankruptcy Court for the Southern District of Indiana.
St. Elmo Foods rolls out bourbon whiskey as its latest retail product
St. Elmo Whiskey, which is used to make the famous steakhouse’s top-selling cocktail, is the latest product offered by the restaurant’s retail affiliate.
Italian restaurant to open in old Nook space
Pomodoro, owned by several investors, will focus on southern Italian dishes and will be “much more simple” than Vassallo’s previous venture, which closed in June.
Council approves Hogsett’s $1.2B budget, with focus on public safety, infrastructure
The 2020 spending plan—which passed 22-2—is projected to spend about $171,500 less than the city will receive in revenue. Officials say that makes it the city’s third consecutive balanced budget since Hogsett—who is seeking re-election—took office in 2016.
California law vexes NCAA, forces issue on athlete compensation
The ball is in the NCAA’s court as attitudes change about allowing players to receive compensation from third parties for sponsorships, youth camps, YouTube channels and more.
With 17 hotels in downtown pipeline, experts doubt they’ll all make it
If all of the plans move forward, downtown would see an unprecedented deluge of new rooms. But developers and lenders are fretting over whether the market can support them.