Rick Davis, formerly a co-owner of Indianapolis-based Davis Homes, has joined Oxford Financial Group as a managing director, Oxford said. The Indianapolis fee-based advisor said it was drawn by the prospect of Davis using his background operating a family-owned business to help its clients, many of whom own companies. Davis sold his stake in the […]
Ginovus LLC, the Carmel consulting firm that lost five professionals on Friday to a new economic development practice started by the Indianapolis law firm Bingham McHale, has hired three people. Richard Rowley, legislative director under former Gov. Joe Kernan, joined yesterday as special counsel. Rowley will continue practicing law at Sommer Barnard, the Indianapolis law […]
Carmel drug developer Marcadia Biotech has received a $15 million venture capital investment from Frazier Healthcare Ventures of Seattle and locally based Twilight Venture Partners. The funding will help Marcadia develop projects including a glucagon analog for emergency treatment of hypoglycemia, the company announced today. Marcadia, which is led by former senior executives of Eli Lilly […]
The Indianapolis law firm Bingham McHale has started an economic development practice with professionals who left the Carmel consulting firm Ginovus LLC. Leaving Ginovus late last week were Jay Walters, Jenny Massey, Suzanne Davis, Linda Williamson and Sara McGoun, according to an economic development professional familiar with the departures. Another Ginovus associate, Sue Scott, left […]
Anger over “excessive salaries” and “bloated administrative costs” at WellPoint Inc. will bring a crowd of protesters to demonstrate outside the health benefits firm’s annual shareholder meeting tomorrow. Hoosiers for a Common Sense Health Plan hopes to draw about 50 people to the protest on Monument Circle, where WellPoint’s corporate headquarters is located. “They are […]
A study by the Economic Development Corp. of Elkhart County shows Marion County is No. 1 in the state in patents filed since 1976. Marion County, with a population of 863,596, generated 8,441 patents. However, the recreational vehicle and manufactured house center of Elkhart County had the highest per capita: 2,008 in a population of […]
Clarian Health Partners Inc. has negotiated to acquire nearly 160 acres in Johnson County, near Bargersville. Financial terms were not disclosed. Clarian officials said they could use the land, located at the southwest corner of State Road 135 and Whiteland Road in White River Township, to provide outpatient services and urgent care, with the potential […]
A statewide coalition of 45 groups says it plans to protest what it says are “bloated administrative costs” and excessive executive salaries during WellPoint Inc.’s annual meeting May 16. Hoosiers for a Common Sense Health Plan, which includes the United Auto Workers, Citizens Action Coalition and Sisters of Providence, wants single-payer universal health insurance.
The Indianapolis advertising firm Roman BrandGroup has landed a contract with the Indianapolis Airport Authority to lure retailers to the new midfield terminal, which is scheduled to open in late 2008. Roman will help develop a theme to concessionaires and promotional materials. The facility will have 55,000 square feet of retail space.
Sigma Communications LLC, the Indianapolis company that created the Reverse 911 emergency notification system, has been acquired by PlantCML of Temecula, Calif., for an undisclosed price. The system allows law enforcement and other public agencies to send alerts about crime, water contamination, and other issues.
Indianapolis-based WellPoint Inc.’s subsidiary in California-facing a state fine for retroactively canceling health insurance policies-agreed Friday to a class-action settlement with 6,000 policyholders, according to USA Today. Blue Cross of California pledged not to retroactively cancel coverage unless policyholders “intentionally misrepresented” information on their applications-a sharp change in its practices. In March, the California Department […]
Heidtman Steel Products Inc. of Toledo, Ohio, said today it is considering locations in Indiana, Ohio and Michigan on which to build a steel processing plant. The $225 million project would have about 200 employees annealing steel. Annealing can involve a number of processes, but often involves softens metal and removes marks caused by rolling […]
Stephen Goldsmith has taken a director position of a new infrastructure finance and investment group created by Capital Source, a Chevy Chase, Md., investment and asset management group. The new unit will buy and finance long-term transportation, utility and recreation assets in the United States, Capital Source said today. During two terms as Indianapolis mayor […]
As Indianapolis-based Emmis Communications Corp. announced dismal fourth-quarter results today, rumors heated up about Chairman Jeff Smulyan reviving a bid to take the company private. Smulyan said in a conference call this morning that he will reconsider taking the media company private “from time to time,” but will not comment on rumors or speculation. Meanwhile […]
Chances of the United States avoiding a recession are 2 in 1, former Federal Reserve chairman Alan Greenspan said at a conference hosted in Singapore by Merrill Lynch & Co. Greenspan’s optimism came after he warned in March that the economy might stagnate, and while the nation continues to struggle against headwinds of slow capital investment […]
Emmis Communications Corp. today reported that revenue in its fiscal fourth quarter fell 4.6 percent, to $78.6 million. The Indianapolis media company blamed weakness in its New York and Los Angeles radio operations for the problems and cautioned that the softness would continue into the near future. For the quarter, the company lost $12.7 million. […]
