IBJ Staff

Call it March Madness-NBA style. The Indiana Pacers franchise needs $15 million a year beginning in 2010-presumably from the public-to fund the operation of Conseco Fieldhouse. The franchise says it can’t afford to operate the venue, where it claims to have lost money every year but one since moving in 10 years ago. That’s madness. […]

HealthNet Inc. will receive $2.5 million from Indianapolis-based Richard M. Fairbanks Foundation Inc. to install electronic medical record systems as well as billing and scheduling software at its eight community health centers. The grant comes at a time that HealthNet’s patient population, drawn from some of Indianapolis’ poorest neighborhoods, is growing and now totals 47,000. […]

HealthNet Inc. will receive $2.5 million from Indianapolis-based Richard M. Fairbanks Foundation Inc. to install electronic medical record systems as well as billing and scheduling software at its eight community health centers. The grant comes at a time that HealthNet’s patient population, drawn from some of Indianapolis’ poorest neighborhoods, is growing and now totals 47,000. […]

Crews had to cut parts of a pickup truck from underneath a semi-truck after an overnight crash on Interstate 465 near the I-74 overpass. A black Ford F150 slammed into the back of the semi around 3 a.m. The driver of the pickup, who was trapped inside after the crash, was taken to Wishard Hospital […]

An Indianapolis neighborhood was put on lockdown this morning after a carjacking and police pursuit. Police say two black males between the ages of 18 and 25 carjacked a man at gunpoint about 1 a.m. in the 2700 block of Paris Avenue. The men ditched the car near 31st Street and Boulevard Place after leading […]

New York-based Direct Brands Inc. announced yesterday it is closing distribution and support centers in Indianapolis, Terre Haute and South Carolina, eliminating 469 jobs. The company, formerly BMG Columbia House, will consolidate the operations into a Direct Brands facility in Pennsylvania by the end of the year. The move will involve 152 workers in Indianapolis, […]

Shoe Carnival Inc., plagued by declining sales and lower profit margins on merchandise, today reported fourth-quarter results that severely missed analyst expectations. The Evansville-based footwear retailer reported a $3 million loss, or 24 cents per share, for the fourth quarter ended Jan. 31 – down from a profit of $1.1 million, or 9 cents per […]

Last week, I offered tickets to see the April 24 one-night-only Patti LuPone concert at Clowes Memorial Hall. She’ll be performing her “Coulda, Woulda, Shoulda” show, which includes songs from shows she coulda, woulda and sometimes shoulda been a part of. In that spirit, I asked those who entered the contest to pick an actor […]

Butler University heads into the NCAA Men’s Basketball Tournament today as a top-10 university when it comes to graduating its student-athletes. The Institute for Diversity and Ethics in Sport at the University of Central Florida reports in its annual study that Butler is one of 10 universities in the 65-team tournament that graduates 90 percent […]

The CEO of Indianapolis-based Duke Realty Corp. took home roughly $4 million in total compensation in 2008, a year in which the company’s stock price plummeted 75 percent. Dennis D. Oklak, 55, received about $1 million more in 2008 than in 2007, the company reported this week in its annual proxy filing. The compensation consisted […]

Severe-weather sirens are sounding across the state today as part of Severe Weather Preparedness Week. The first test took place between 10 a.m. and 10:30 a.m., giving businesses and schools a chance to practice safety procedures. Families will have a chance to do the same when the sirens are tested again between 7 p.m. and […]