WellPoint Inc.’s California subsidiary drove down prices to “artificial levels substantially below market value” for doctors caring for workers’ compensation patients, according to a lawsuit filed by physicians today in a state court in Los Angeles. The suit seeks class-action status and triple damages from WellPoint Health Networks and Blue Cross of California, which are […]
Developers are launching speculative building projects in the Fort Wayne area because industrial space is becoming scarce, according to The Journal Gazette. Citing an annual report by The Zachary Co., the newspaper said the vacancy rate fell to 8 percent from 12 percent in 2005. Buildings with at least 60,000 square feet are in particularly […]
Indiana gambling regulators have fined Casino Aztar in Evansville $160,500 after arriving at a settlement over inaccurate counts on admissions, according to The Courier-Journal of Louisville. Tax payments are based on admissions. Indiana Gaming Commission Executive Director Ernie Yelton said Aztar would have been fined more had it not cooperated.
M2M Holdings Inc. has been renamed Consona Corp. to reflect growth it has experienced through seven acquisitions, the Indianapolis software maker said today. Consona was taken from the concept of “consonance,” meaning alignment of elements in a single entity. The company has been restructured into three divisions, one of which sells Made2Manage software for manufacturers. […]
International Outsourcing Services of Bloomington and 11 individuals have been charged in a 25-count indictment by a grand jury in the Eastern District of Wisconsin for allegedly participating in a “wire-fraud scheme to defraud” manufacturers that use coupons in marketing products to consumers. Bloomington individuals charged include CEO Bruce A. Furr, Executive Vice President Lance […]
Gov. Mitch Daniels will join officials of TS Tech tomorrow afternoon in New Castle to make a “major jobs announcement,” according to Indiana Economic Development Corp. The Japanese auto parts supplier will supply seats to the Honda Motor Co. assembly plant under construction in Greensburg, between Indianapolis and Cincinnati, said New Castle Mayor Tom Nipp. […]
Chase Tower in downtown Indianapolis will be managed by Colliers Turley Martin Tucker beginning this week, Colliers announced today. Colliers takes over the job from Equity Office. Terms weren’t disclosed. The contract includes the adjoining Circle Building on Monument Circle. The 48-story, 1 million-square-foot tower, owned by Macquarie Office Trust, is the tallest in Indiana.
CSX Transportation Inc., the railroad based in Jacksonville, Fla., is advertising 90 conductor openings in the Indianapolis area in order to fill positions about to be vacated by retiring baby-boomer and to keep pace with rising shipments. The company has 260 conductors based at a rail yard in Avon.
St. Francis Hospital & Health Centers will stop offering inpatient services at its Beech Grove hospital and consolidate those services at its Indianapolis campus on Indianapolis’ Southside, the hospital announced this morning. As IBJ reported in January, St. Francis had filed paperwork with Marion County to expand onto 30 acres near its Indianapolis campus on […]
Only Michigan and Wisconsin lost more jobs in January than Indiana, according to the U.S. Department of Labor. Indiana surrendered 12,500 positions, a 0.4 percent decline from December, leaving the state with a seasonally adjusted 2,968,100 jobs. Compared to a year earlier, the state is down 4,400 jobs. Indiana and other industrial states are struggling […]
Recreational vehicle companies in northern Indiana and elsewhere are lobbying the federal government to not dump on the market as many as 41,000 surplus RVs left over after Hurricane Katrina. The extra RVs are equivalent to about a third of the industry’s sales last year and could create a glut, according the Washington Post. The […]
Indianapolis shoe and clothing retailer Finish Line Inc. reported today that it took a charge of $6.7 million to $7.8 million in its fourth quarter ended March 3 for impairments to assets on 17 to 19 underperforming stores. The company also said overall sales rose 7.5 percent, to $429 million, partly due to strength from […]
Cummins Inc. announced a two-for-one stock split today to make the shares more attractive to investors. Shares in the Columbus diesel engine maker are trading at $135.60, and will be worth half their value when the split goes into effect March 26. Cummins also said it is holding to guidance issued Jan. 29 of $11 […]
An old question has cropped up for shopkeepers in touristy Nashville, namely whether they should keep doors open past the common closing times of 5 to 6 p.m. Some in the Brown County community say customers wouldn’t come, while others maintain that they would, according to the Brown County Democrat. Chamber of Commerce Director Paul […]
Hancock County residents wanting to stop the proposed Indiana Commerce Connector have formed Hancock Coalition for Rural Preservation, according to The Daily Reporter of Greenfield. In February, a similar organization started in adjoining Shelby County after backers in the county southeast of Indianapolis formed their own group. After clearing the Senate, the House is considering […]
Economic development officials are expected to announce tomorrow morning a $2.15-million package of incentives for fast-growing e-mail marketing software-maker ExactTarget, which plans to add about 100 jobs. Formed in 2000, ExactTarget ranked 56th on Inc. magazine’s 2006 list of the 500 fastest-growing U.S. firms. Sources say the company, which already employs 160, will expand […]
Much of the Midwest, including the northern two-thirds of Indiana, expanded modestly in January and early February, according to the Federal Reserve Bank’s Beige Book report on the economy. The pace of economic expansion in the Chicago Fed district was similar to activity in late 2006, with hiring as well as consumer and business spending […]
A contract Rolls-Royce Corp. has landed to supply helicopter engines to Robinson Helicopter Co. of Torrance, Calif., isn’t likely to create jobs at Rolls-Royce’s facility in Indianapolis. But the deal to supply several hundred gas turbine engines in coming years likely saved at least some positions, said Rolls-Royce spokesman George McLaren. Rolls-Royce views the contract […]
Honda Motor Co. has been deluged with 5,000 applications for 18 positions at the plant the Japanese automaker is building at Greensburg, according to the Greensburg Daily News. Most of the 2,000 positions will be filled as the fall 2008 opening nears. Honda has received so many applications that it has withdrawn all but 14 […]
Home Federal Bank in Columbus has temporarily stopped financing a hotel that an arm of Fishers-based Dora Bros. Hospitality Corp. is building in the southern Indiana city. The bank pulled back March 2 after Sears, Roebuck & Co. asked that a federal court give fast-track status to a lawsuit it filed Nov. 22, according […]
