Business barometer
Analyze the performance of publicly traded local businesses in Indiana. Match their performance directly related to news stories reported on IndyStar.com.
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IndyStar.com: Business
Indiana's leading news source for all the top stories, local news, sports and weather.
Lilly settles over Zyprexa for $1.4B
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Lilly to take $1.41B charge on Zyprexa
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Lilly to resubmit Cymbalta application
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Lilly sues generic-drug makers over Cymbalta
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Factory cities explore auto options
ok – so I’m late commenting on this...
Emmis cuts 7.5% of work force
Other Emmis-related stories are available here:...
WellPoint : No comment on report of auction
Indianapolis-based WellPoint said it does not comment on specific mergers and acquisitions nor speculation and rumors — including the Financial Times’ report today. WellPoint shares were down 1 percent at midday. — Jeff Swiatek ....
Indy gym for Parkinson's seeks new home
Rock Steady, an organization that uses non-contact boxing as a means to improve quality of life and fitness levels for those with Parkinson’s disease, is searching for a new home. The nonprofit that launched on the Eastside in October 2006 is growing...
Court decision could impact Eli Lilly, drugmakers
In a case closely watched by drugmakers, the U.S. Supreme Court ruled that federal approval of a drug is no protection from lawsuits in state courts over safety issues that arise later — a decision that could have implications for Eli Lilly and...
Davis to focus on foreclosures, vacant homes
Although Indianapolis-based Davis Homes shut its doors last summer — a casualty of a national downturn in new home construction — its namesake is returning to the market. Brad Davis and his partners today announced that they have launched...
Hat World parent says same-store sales down
Genesco, parent company of Indianapolis-based Hat World, today reported fourth quarter net earnings of $23.69 million or $1.05 per share, compared to $3.25 million or $0.14 per share in the same quarter of last year. Earnings per share were slightly...
Police car maker considers Connersville
Connersville is in the running to serve as headquarters for a new high-tech police car that could deliver $3 billion in economic impact to eastern Indiana over the next decade. Carbon Motors Corporation has selected the city in job-starved Fayette...
ExactTarget says ’08 revenue jumped 50%
ExactTarget, the Indianapolis-based e-mail and marketing specialist, announced today it posted record-setting annual performance in 2008, boosting revenue by more than 50 percent and adding more than 1,000 new direct clients. Scott Dorsey, chief...
Neighbors fret over rail plans for turbine plant
MUNCIE, Ind. — Neighbors near the site of factory that will build wind turbine gearboxes say officials are being secretive about plans for a railroad spur the plant will need to move the massive machines. Most Delaware County residents are...
American Commercial Lines 4Q profit flat
Jeffersonville barge operator American Commercial Lines Inc. said Wednesday its fourth-quarter net income was flat and it laid off 15 percent of its land-based work force last week and froze salaries for 2009 as it headed into a difficult economy....
Ivy Tech to certify workers for logistics careers
Indiana has more than 125,000 people who work the front line in the logistics and supply chain industry, but historically there has been no nationally recognized or “portable” certification for them. Until now. Indianapolis-based Ivy Tech...
Court: Fed rules don’t protect drugmakers from state consumer laws
WASHINGTON — The Supreme Court ruled today in favor of a woman who had her arm amputated after an improper injection of an antinausea drug and said drugmakers could not rely on federal regulation to protect them from lawsuits brought under state...
Pizza center plans to hire 200 in Indy
America’s Incredible Pizza Co. plans to hire from 200 to 250 people to staff its family entertainment center opening in June on Indianapolis’ Far Southside. The 54,000-square-foot site near U.S. 31 and Stop 13 Road will include a buffet...
C.P. Morgan to honor home contracts
Builder C.P. Morgan, which closed Friday, has outlined plans for dealing with customers with unfulfilled business. The Indianapolis home builder said today a title company will close sales on homes that are ready to be occupied, earnest money will be...
Nestle plant opens in Anderson
Gov. Mitch Daniels today joined Nestle SA executives and state and local economic development leaders to officially open Nestle’s Factory and Beverage Distribution Center in Anderson. Nestle, in the process of hiring 300 workers for the $359...
Purdue: 5 Ind. counties 'promising' for coal gas
A new Purdue University report suggests that Indiana could boost its economy by importing less coal from other states and investing in “coal gasification” facilities designed to use Indiana coal. The Indiana Center for Coal Technology...
600 seek coal mining jobs
SULLIVAN, Ind. — About 600 people turned out at a job fair in Southern Indiana to submit applications for about 200 coal mining jobs. The job fair in Sullivan on Tuesday was the second in less than two weeks. Mine company officials say a job...
New Indiana Downs casino opens next week
SHELBYVILLE, Ind. — The new $200 million casino at the Indiana Downs horse track near Shelbyville is set to open a week from Friday. The track’s Indiana Live casino opened in a temporary building last June as the new building was under...
Shelbyville casino to open March 13
Capping a month of silly, attention-drawing stunts, Indiana Live! Casino announced a firm opening date for its permanent facility in Shelbyville. The casino, alongside the Indiana Downs horse-racing track south of Indianapolis, will open at 6:30 p.m....
Delphi retirees appeal health benefit cuts
A group representing retired salaried employees of Delphi said today it will appeal a judge’s decision to let the bankrupt manufacturer eliminate health insurance coverage for retirees, possibly this spring. Delphi Salaried Retirees Association...
Conseco's survival in question again
Auditors’ concerns fuel new bankruptcy fears Conseco, Hamilton County’s largest corporate employer, stunned investors and rattled employees Monday when it said outside auditors could have doubts about its ability to stay in business. The...
Stocks continue to slide
Dow falls below 7,000 for first time in nearly 12 years NEW YORK — Investors’ despair about financial companies and the recession has brought the Dow Jones industrial average to another unwanted milestone: its first drop below 7,000 in...
Conseco CEO reassures company about prospects
Can’t blame this on Hilbert
Sales of existing area homes down 22%
The year started off shakily for the Indianapolis area housing market. Sales of existing homes in the 13-county Indianapolis area plunged 22 percent in January compared to last year. Only 1,208 homes sold during the month, with all 13 counties...
Company moving 200 jobs to Ft. Wayne
FORT WAYNE, Ind. — BAE Systems Inc. plans to consolidate operations and move 200 jobs to its Fort Wayne plant to make electronic components for cabins in the Boeing 737 and 777 aircraft. The London-based company said Friday it would cut 500 jobs from...
