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.
Bloomberg News
Articles
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.
Indiana Toll Road operator wins approval of bankruptcy plan
U.S. Bankruptcy Judge Pamela S. Hollis in Chicago on Tuesday granted ITR Concession Co. approval of the reorganization plan, which is supported by more than 87 percent of senior secured debtholders.
Novo, Lilly shares fall after Sanofi warns of diabetes price war
Shares in Novo Nordisk A/S, Eli Lilly and Co. and other makers of diabetes therapies sank Tuesday after Sanofi CEO Chris Viehbacher said competition on prices in the United States will hurt sales next year.
Takeda, Lilly win 99-percent cut in Actos damages award
Judge Rebecca Doherty in Lafayette, Louisiana, said the jury’s decision to order Takeda to pay $6 billion and Lilly $3 billion was excessive and should be reduced to a total of $36.8 million.
Humane Society takes Steak n Shake fight to shareholders
The Humane Society has set its sights on Biglari Holdings, the firm that owns Indianapolis-based Steak n Shake, saying it has ignored requests to adopt animal welfare methods like its competitors.
PGA leader’s ouster shows quick reaction to insensitive remarks
Ousted PGA President Ted Bishop became the latest sports exec punished for making insensitive comments, reflecting a growing effort by sports bodies to react decisively on controversial statements.
Simon CEO’s bonus reversal still triggers investor suit
Seeking to avoid investor litigation, Simon Property this year eliminated a $120 million stock award to CEO David Simon in favor of a performance-based bonus. A retirement fund isn’t satisfied.
Rise in home prices in U.S. beats estimates
U.S. home prices rose more than economists estimated in August as employment growth fueled demand for housing.
Fading casino revenue has Indiana city selling debt
After decades of declining population and shifting economic fortunes, the city of Hammond in northwest Indiana is betting that water from Lake Michigan will refresh its finances.
NCAA third-quarter lobbying tops all of 2013 amid reform push
The National Collegiate Athletic Association spent more on congressional lobbying from July through September than it did in all of 2013 as it continued to fight lawsuits challenging its structure.
Dow Agro’s Enlist weed killer cleared by EPA
Enlist Duo can be used in six states, with approval pending in another 10, the Environmental Protection Agency said Wednesday. Dow is counting on the system to help double earnings at Dow AgroSciences in five to seven years.