As Indianapolis-based Eli Lilly and Co. continues to navigate through one of its most challenging periods ever, Chief Executive Officer John Lechleiter says employees should remain confident in the future of the company. But Lechleiter, who recently returned to work after undergoing heart surgery in May, acknowledges additional patent expirations will make 2014 another difficult year. In an exclusive interview that will air this weekend on Inside INdiana Business Television, he says, despite continuing challenges, Lilly has "a bright future."
AIT Labs Shuffles Leadership
There is a change in leadership at Indianapolis-based AIT Laboratories. Inside INdiana Business has learned CHV Capital Inc. Chief Executive Officer Matt Neff will assume the roles of chief executive officer and president of AIT, effective Monday. Founder Mike Evans will remain with the company as chairman emeritus.
Shirt Printer Looks to Add Lawrence Jobs
A printing company is seeking tax abatement to open a plant in Lawrence. Little Raymond's Print Shop Inc., a subsidiary of California-based online t-shirt retailer ooShirts Inc., says the project would result in more than 100 new jobs over the next four years.
Developer Pulls Plug on $11 Million Project
A plan to build an $11 million luxury apartment complex in downtown Columbus has come to a halt. Our partners at The Republic report Sprague Co. has pulled out of the 40-unit project.
Artist Housing Development Receives a Boost
A more than $12 million initiative designed to provide housing for low-income artists in Michigan City has received funding from Merrillville-based NIPSCO. The $25,000 will go toward the Minnesota-based Artspace Projects Inc. initiative to turn an abandoned building into a mixed-use development.
Fort Wayne Company Secures Military Deal
Fort Wayne-based Petroleum Traders Corp. has landed a nearly $70 million U.S. military contract. The deal involves operations in Indiana and nine other states.
Purdue Graduation Going Green
Purdue University is partnering with Indianapolis-based Herff Jones Inc. to outfit graduates in environmentally-friendly graduation gowns. The company says the robes are made with a fiber created from recycled plastic bottles.
Publication Names Philanthropy Dean to Influential List
A national trade publication has again listed a prominent Hoosier among the ranks of its "Power and Influence Top 50." Founding Dean of the Indiana University Lilly Family School of Philanthropy Gene Tempel has been on The Nonprofit Times' list a dozen times since 1998.
Angie's List Recruiting at State Fair
Indianapolis-based Angie's List Inc. says it will accept résumés at the Indiana State Fair. The online consumer review company says it is looking for applicants for a variety of positions.
Berry Plastics Reports Profit Jump
Evansville-based Berry Plastics Group Inc. (NYSE: BERY) is reporting fiscal third quarter net income of $40 million, compared to $9 million for the same period last year. Chief Executive Officer Jon Rich says the manufacturer achieved many positive results, despite "continued soft consumer demand."
Endocyte Loss Widens
West Lafayette-based Endocyte Inc. is reporting a second quarter net loss of $8.2 million, compared to a loss of $5.4 million for the same period a year earlier. The report comes as the company focuses on a potential osteoarthritis treatment. We featured the research in a recent Life Sciences INdiana newsletter.
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