Richard Wood, CEO of Lilly during transformational era, dies at 93
Eli Lilly and Co.’s breakthroughs during Wood’s 18-year tenure included biosynthetic insulin and the category-smashing antidepressant Prozac.
Mason King
Articles
State’s unemployment report for March doesn’t reflect surge in jobless claims
Data for the report was culled from a federal survey performed in mid-March, just before unemployment claims escalated. However, there’s still evidence of the coronavirus-related sea change brewing in the workforce.
Isaiah Kuperstein, local grocer and noted Holocaust historian, dies from COVID-19
In addition to being the longtime owner of the Indianapolis-based Double 8 Foods grocery chain, Kuperstein was the first director of education for the U.S. Holocaust Memorial Museum in Washington, D.C.
State unemployment was 3.1% in February, before deluge of job losses
Indiana’s unemployment rate held steady in February, just before a wave of job losses and unemployment applications in March due to the coronavirus pandemic that threaten to send the rate much higher.
Pharma giant Lilly to help Indiana health officials with COVID-19 testing
State officials have taken sharp criticism in the last week for the slow pace of testing. Through Tuesday, the Indiana State Department of Health had conducted 193 tests, out of which 39 were presumed positive.
UPDATE: Marion County man tests positive for COVID-19, state officials say
Gov. Eric Holcomb said that in response he has declared a public health emergency so the state can seek federal funding to help control and stop any spread of the coronavirus.
Local email management firm acquired by hungry Boston company
250ok Inc., which employs about 55 people, will be the fifth major acquisition in the last two years for Boston-based Validity Inc.
Nexstar hires news director for sibling stations WXIN, WTTV
Arriving from Pennsylvania’s capital city, the veteran manager will take over newsrooms that suffered job cuts late last year.
Q&A with Pete Bitar, creator of a personal flying machine
Bitar is a finalist for the GoFly Prize, a $2 million competition in Mountain View, California, sponsored by Boeing for creating an aircraft that can carry a 200-pound person 20 miles without refueling or recharging.
UPDATE: Church buys former Marsh in Broad Ripple for $7.6M, plans Midtown campus
The sale of the 6.6-acre property included the 57,000-square-foot store on Keystone Avenue. Traders Point Christian Church plans to create an 800-seat auditorium and spaces for children and teens.
Wine bar, bistro extends lease in Conrad, readies for renovation
To expedite the top-to-bottom transformation, owner Ross Bailey plans to close the 3,500-square-foot establishment in the Conrad Indianapolis’ lobby for at least six weeks.
Hotel in downtown Fishers project to fly upscale Tapestry flag
The $157 million mixed-use project slated for the Nickel Plate District in Fishers is expected to include a five-story, 116-unit hotel under Hilton’s high-end Tapestry Collection brand.
Q&A with Pat Sullivan, conductor of the Sullivan Santa Express
The Santa Express quickly has achieved the status of north-side holiday tradition, although families come from across the state.
Software startup Costello acquired by fast-growing Atlanta firm
SalesLoft plans to maintain Costello’s Indianapolis office—albeit with new branding—and keep all 11 of its employees.
Penske acquiring IMS, IndyCar, one year after Hulman matriarch’s death
Hulman & Co. Chairman Tony George—the son of Mari Hulman George—and CEO Mark Miles have scheduled an 11 a.m. press conference with Penske Chairman Roger Penske at the Indianapolis Motor Speedway.
Not-for-profit plans $12M welcome center, museum for ethnic-food district
The International Marketplace Coalition has purchased a former Value City Furniture location on Lafayette Road to serve as a focal point for the district, which includes more than 100 restaurants.
Fishers medical device startup raises $10M to launch first product
By the end of the year, Recovery Force plans to seek FDA clearance for the system for hospitals that helps patients regain mobility. Sales could begin in mid-2020.
North-side community development group searching for new CEO
Top executive Leigh Riley Evans plans to leave Mapleton Fall Creek Development Corp. later this fall after helping shepherd a $60 million project.
Private equity firm to buy Carmel-based Orchard Software, fund growth
Founded in 1993, Orchard has grown to become the seventh-largest software development firm in the Indianapolis area, with 275 employees and $40 million in revenue for 2018.
Q&A: Bosma’s first blind CEO embodies group’s vision
Severely wounded while serving in the Middle East, Jeff Mittman underwent dozens of surgeries and years of rehab while trying to figure out how he could again provide for his family.