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Eli Lilly and Co. has agreed to spend $64 million to acquire SGX Pharmaceuticals Inc., a San Diego-based biotech firm developing cancer drugs. Indianapolis-based Lilly and SGX have been collaborating since 2003 on development of cancer drugs. SGX provided X-ray crystallography technology to determine the structure of cancer targets Lilly was trying to hit with […]
Bristol-Myers Squibb Co. has agreed to upgrade plants it operates in Evansville and nearby Mount Vernon in order to cut output of a refrigerant that depletes ozone, the Justice Department and the U.S. Environmental Protection Agency said today. The Princeton, N.J., company agreed to the improvements after discovering problems with hydrochlorofluorocarbons during an internal audit […]
A code-of-conduct committee in Australia has fined Indianapolis-based Eli Lilly and Co. $60,000 for a press release that the committee said promoted its Cialis erectile-dysfunction drug directly to the public. However, Lilly will not have to follow up with corrective ads, according to The Australian newspaper of Sydney. Lilly told the newspaper it was disappointed […]
FC Indiana, a United Soccer League W-League women’s team, says it is in early discussions with the city of Indianapolis to help develop a plan to renovate Bush Stadium for use during its home games. The Lafayette-based professional team currently plays at Kuntz Stadium, which is across 16th Street from the old baseball stadium. The […]
An Indianapolis law firm has paid $50,000 to the Indiana Department of Insurance in a deal that extricates it from an $18 million jury verdict stemming from the collapse of a health insurance trust. The department released Fillenwarth Dennerline Groth & Towe from the massive judgment that a Marion County jury handed down against the […]
Navistar Inc. plans to add 200 professional positions by the end of the year at its Truck Engineering Facility in Fort Wayne, the Illinois company said yesterday. The new positions include mechanical, electrical, systems and software engineers. The jobs are a mix of entry-level, management and contract positions. Navistar has 1,100 employees at the site. […]
Chris Jones at the Chicago Tribune reports that the Chicago production of “Jersey Boys” (an outstanding show, by the way–and that’s me talking, not Jones) has gone smoke free.
He’s not talking about the theater. He’s talking about the…
Attention all real estate agents. The city’s soon-to-be newest millionaire is looking for a house.
Brandon Rush said he expects to sign a contract to play for the Indiana Pacers tomorrow and will be…
Bob Compton has taken a few arrows in the back since he began screening the film he funded, â??2 Million
Minutes,â?? last fall.
Compton, who was a venture capitalist at CID Equity Partners before striking out on his own to bankroll…
A key hotel in the tourism community of Nashville plans to rebuild after a fire in January 2007 eliminated half its rooms. Andy Rogers, who owns The Seasons Lodge, submitted plans to the town’s Development Review Commission this week. The commission OK’d the plans despite his not securing the certificate of appropriateness necessary to gain […]
Last night, the Heartland Film Festival (sorry, I mean Heartland Truly Moving Pictures–I’m still getting used to the new name) added some dessert to a packed advance screening of the new adventure flick “Journey to the Center of…
The state is threatening to revoke more than 600 mortgage broker licenses – covering about 70 percent of all existing brokerages – because they haven’t passed a new state-mandated test. Letters are being sent to the brokers warning they’ll be cut off as of Aug. 5 unless they pass the test, Secretary of State Todd […]
A resilient service economy kept the Indianapolis-area office vacancy rate stable in the second quarter, according to Colliers Turley Martin Tucker. The vacancy rate inched up to 17.2 percent from 17 percent in the first quarter. A year earlier, the rate stood at 16.8 percent. The area absorbed a net 403,000 square feet of office […]
The idea of an annual Big Ten vs. Pac-10 college football showdown in a series of games—sources within each conference said—is long overdue.
But until now the idea has never been put on the…
Stock in Interactive Intelligence Inc. plummeted 35 percent this morning after the Indianapolis software developer warned second quarter results would be hurt by fewer orders from existing customers. The shares fell $3.66, to $6.80, in early trading. Interactive stock hit a recent peak of $28.52 per share in November, but has trended lower since then. […]
Bloomington has a reputation as one of the toughest places in the state to do business.
Its regulations are thickets, its bureaucrats nit-pickers, its public officials aloof. At least thatâ??s how
many businesspeople view the city.
The latest controversy pits…
Finish Line Inc. always has been a volatile stock. Jump in at the right time and make a bundle. Pick the wrong time and take a bath. To be sure, investors who had the foresight to invest during Finish Line’s darkest days early this year-when it seemed inevitable that the company would have to close on the $1.5 billion acquisition of Tennessee-based Genesco Inc.-fall in the former category. Since hitting an all-time low of $1.48 a share Jan. 10, the…
Ah, the idealism of youth. There’s something truly refreshing (and yes, at times, frustrating) about the effervescent optimism on display by young people. They look at the world, see a problem (perceived or real) and set out to change things. Of course, most of their efforts end up on the pile of broken dreams, but every once in a while, one breaks through. They achieve success, they realize their dreams, and they do it while actually making the world a…
Appliance retailer HHGregg is facing allegations that it improperly installed dryer vents in potentially thousands of consumers’ homes, despite warnings that such vents could cause fires or other safety hazards. A lawsuit filed in U.S. District Court claims the Indianapolis-based retailer installed plastic or foil “slinky” vents, even though many dryer manufacturers specifically call for heavy metal ducts to be used. The suit asks that HHGregg replace the improper vents and pay an unspecified amount in fees and damages. “Our…
Brita Horvath celebrated her first year on the job late last month as Baker & Daniels LLP’s diversity and pro bono coordinator. Even in a part-time capacity, paying someone to tackle diversity issues within the workplace would have been unthinkable 30 years ago, recalls Greg Utken, a firm partner who co-chairs its diversity committee. “When I got out [of law school] in 1974, the firm I was with had no women and no people of color; it was white male,”…
