Law school enrollment plummets to 27-year low, ABA says
Total law school enrollment at the 204 accredited schools is 119,775, a 6.9-percent decrease from last year and an 18-percent decrease from its record high in 2010.
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Oliver Luck leaving West Virginia for position at NCAA
West Virginia University Athletic Director Oliver Luck, the father of Colts QB Andrew Luck, is joining the Indianapolis-based NCAA as executive vice president of regulatory affairs.
Apple defeats $1 billion iPod antitrust suit in three hours
Apple Inc. quickly dispensed with a $1 billion lawsuit by iPod users claiming software updates for the device were meant to block competitors, as a jury ruled for the company after only three hours of deliberations.
Terrorists remain fixated on airlines, departing TSA chief says
John Pistole, outgoing head of the Transportation Security Administration and soon-to-be president of Anderson University, said the greatest threat to national security is still someone slipping a bomb onto a plane bound for the United States.
Alzheimer’s tests present dilemma of knowing the future
While the tests will likely help drug companies like Eli Lilly and Co. evaluate medicines, they’ll also create wrenching personal and ethical dilemmas for patients who will have to live with the knowledge that they’re destined to develop the disease.
Covance shareholder sues over $6.1B LabCorp deal
A Covance Inc. investor contends in a lawsuit that the drug-testing company’s board erred in relying on what the shareholder called Goldman Sachs Group Inc.’s conflict-tainted advice. Covance has major laboratory operations in Indianapolis.
Lilly rheumatoid arthritis drug meets goals in final-stage trial
If approved, Baricitinib may bring Lilly $673 million in 2020, according to the average of five analysts’ estimates compiled by Bloomberg.
Avanir’s Takeover Price Leaves Room for Counteroffers
Avanir Pharmaceuticals Inc. has reached a The Aliso Viejo, California-based company, which makes a drug to control symptoms of Alzheimer’s disease, this week agreed to sell itself to Japan’s Otsuka Holdings Co. for $3.2 billion, or $17 a share. That’s 4 percent lower than analysts’ average projection for where the stock would have traded in […]
Lilly competitor claims early success with Alzheimer’s drug
Biogen Idec Inc. shares rose Tuesday after the company said its Alzheimer’s drug showed promising early results and will be quickly moved into a final-stage trial.
Lilly competitor Glaxo to shake up U.S. operations
A major drugmaker that was part of three-way multi-billion-dollar deal this year involving Eli Lilly and Co. is planning a reorganization that will include hundreds of job cuts in the United States.
Struggling Hertz turns to former American Trans Air CEO
John Tague, who spent more than a decade in executive leadership at now-defunct Indianapolis airline company ATA Holdings Corp., has landed at another type of transportation company.
N.J. lottery misses revenue goal under private manager
New Jersey was the third state after Illinois and Indiana to bet that outside marketing and sales experts could tap hidden lottery riches. The state uses the same private manager as Indiana.
Simon discloses stake in shopping-mall owner Macerich
Indianapolis-based Simon Property Group Inc. said it has accumulated a 3.6-percent stake in shopping mall rival Macerich Co. and wants to buy more shares.
New type of cholesterol drug shows promise in study
The results have immediate implications for 1 million Americans who suffer mild heart attacks or chest pain each year. They may also make it easier for other experimental medicines from companies such as Eli Lilly to reach patients.
Dead celebrities show promotional staying power
With help from companies like Indianapolis-based CMG Worldwide, deceased icons like James Dean, Michael Jackson, Elvis Presley and Amelia Earhart are enjoying unprecedented success, out-earning even their former flesh-and-blood selves.
Bullard says low inflation not enough to justify zero rates
Federal Reserve Bank of St. Louis President James Bullard said market-based measures of inflation expectations have declined to low levels in recent months but have rebounded since mid-October.
U.S. employers add 214K jobs; rate falls to 5.8 percent
Employers have now added at least 200,000 jobs for nine straight months, the longest such stretch since 1995.
Job cuts to hit Rolls-Royce operations in Indianapolis
The global firm is planning 2,600 job cuts over 18 months, primarily in its aerospace division. Its Indianapolis operations, which employ about 4,500 people, are devoted mostly to civil and defense aerospace work.
Insurers’ fight for customers keeps Obamacare rates down
While foes of the Affordable Care Act warned of double-digit rate increases, the costs of premiums seen so far is more modest for the new year.
Alzheimer’s drug makes Avanir potential Lilly target
Eli Lilly and Co. would be a logical acquirer for the maker of a drug that could treat agitation in Alzheimer’s patients.