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Eli Lilly and Co. posted a $3.6 billion fourth-quarter loss because of its $6.5 billion acquisition of New York-based ImClone Systems Inc. Not counting that deal, however, Lilly’s profits beat the expectations of Wall Street analysts by two cents per share. Indianapolis-based Lilly earned $1.07 per share excluding the ImClone purchase. Analysts were expecting $1.05 […]
One locally owned retailer aiming for a New York City vibe is closing and another is opening along Mass Ave downtown. The boutique shop Tantrum, which opened…
Greenwood officials are putting plans to build a new city hall on hold until they know whether the city will add an unincorporated area with about 40,000 residents. The Johnson County community just south of Indianapolis currently has about 47,000 residents. Greenwood Mayor Charles Henderson told the Daily Journal of Franklin that city leaders don’t […]
Marion County‘s Capital Improvement Board may be preparing to swallow an extra $15 million in expenses to keep the Indiana Pacers in town, but one sports business expert said the aid shouldn’t come without conditions. “They have to demand something in return from the Pacers, either more community involvement or some measures from management to […]
Until now, Mayor Greg Ballard hasn’t weighed in on the topic of financially assisting the Indiana Pacers. When last asked by the IBJ in late December, Ballard offered the following response.
“[The Pacers] haven’t…
WellPoint shares surged after it reported fourth-quarter earnings that were battered by investment losses and job cuts. Shares of the Indianapolis-based health insurer closed at $44.50 today, up more than 4 percent on the day. The broader markets also rose on President Barack Obama’s plan to create a so-called “bad bank” to remove toxic mortgage assets […]
Two more Indiana employers filed closing notices with the state Department of Workforce Development last week, disclosing plans to eliminate another 167 jobs. International Paper Co. said it will close its industrial packaging plant in Hartford City, north of Muncie, laying off 99 workers beginning March 26. The Memphis, Tenn.-based company also has operations in […]
The winter storm that walloped central Indiana this week isn’t just causing problems here. It also is dropping snow and freezing rain from Texas to New England. State road crews are fighting to keep up with slippery roads, while emergency workers clear up accidents. The storm is being blamed for at least 19 deaths across […]
WellPoint shares surged after it reported fourth-quarter earnings that were battered by investment losses and job cuts.Shares of the Indianapolis-based health insurer rose 4.3 percent in the first hour of trading, faster than the broader markets, which climbed on President Barack Obama’s plan to create a so-called “bad bank” to remove toxic mortgage assets from […]
A Philadelphia man shot with a gun owned by Colts wide receiver Marvin Harrison is headed to trial. Dwight Dixon is accused of lying to police. Dixon initially told police he was shot during a robbery, but later accused Harrison of shooting him on April 28. Three weeks ago, Philadelphia’s district attorney announced it was […]
Marion County’s Capital Improvement Board may be preparing to swallow an extra $15 million in expenses to keep the Indiana Pacers in town, but one sports business expert said the aid shouldn’t come without conditions. “They have to demand something in return from the Pacers, either more community involvement or some measures from management to […]
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
United Auto Workers officials are hoping to find a way to keep open the foundry that has been associated with an east-side engine plant for 70 years, despite Navistar International Corp.'s plans to close both facilities by July 31.
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
President Barack Obama’s economic stimulus bill provides a big opportunity for the Indianapolis-based Indiana Health Information Exchange to spread its expertise around the country. The organization created a company called Mergetics Inc. last year to help other cities set up health information networks similar to the Indiana Health Information Exchange. Obama’s bill, as it currently […]
Free tickets are being offered for theaters throughout the city. But the catch is one you don’t have much control over…your age.
It’s the tenth year for Free Ticket February, presented by The League of Indianapolis Theatres (which, given its name,…
Two more Indiana employers filed closing notices with the state Department of Workforce Development last week, disclosing plans to eliminate another 167 jobs. International Paper Co. said it will close its industrial packaging plant in Hartford City north of Muncie, laying off 99 workers beginning March 26. The Memphis, Tenn.-based company also has operations in […]
WellPoint Inc. lost 148,000 commercial customers in its fourth quarter as large employers laid off workers, the company reported today. The decline in commercial membership – WellPoint’s most profitable segment – contributed to the company missing Wall Street analysts’ earnings expectations by two cents per share. The Indianapolis-based health insurer pulled down a profit of […]
The United Auto Workers is hoping to find a way to keep open the foundry that has been associated with an east-side engine plant for 70 years, despite Navistar’s intention to close the whole campus on July 31, putting 700 people out of work. Navistar said today that it would close the 1.1 million-square-foot plant, […]
Indiana legislators say they are trying to fix a situation in which landlords facing foreclosure on their rental properties sometimes give tenants little or no notice that they need to find a new place to live. Lawmakers want to give renters a heads up before they are kicked out of their homes. So the Indiana […]
