WellPoint Inc. lost 148,000 commercial customers in its fourth quarter as large employers laid off workers, the company reported today. The decline in commercial membership – WellPoint’s most profitable segment – contributed to the company missing Wall Street analysts’ earnings expectations by two cents per share. The Indianapolis-based health insurer pulled down a profit of […]
Fall Creek Academy is among a growing number of high schools that enroll their students to take classes at colleges, earning
credit toward both a high school and a college degree.
Three out of 16 charter school sponsored by Mayor Greg Ballard spent more money than they took in during their most recent fiscal year, according to a report the city released this morning. Fountain Square Academy, Christel House Academy and Indianapolis Lighthouse Charter School all overspent revenue during the 12 months ended June 30, dipping […]
Three out of 16 charter school sponsored by Mayor Greg Ballard spent more money than they took in during their most recent fiscal year, according to a report the city released this morning. Fountain Square Academy, Christel House Academy and Indianapolis Lighthouse Charter School all overspent revenue during the 12 months ended June 30, dipping […]
On the same day last week, Eli Lilly and Co. cleared a big hurdle regarding its bestselling drug Zyprexa and immediately found itself facing another one. Lilly paid dearly – $1.42 billion – for pleading guilty to improperly marketing the antipsychotic Zyprexa between 1999 and 2001 and to settle lawsuits filed by states. But that […]
Eli Lilly and Co.’s guilty plea for improper marketing of Zyprexa is its second such plea in just over three years.Indianapolis-based Lilly pleaded guilty to one violation of the Food, Drug and Cosmetic Act on Thursday and agreed to pay $1.42 billion to settle both that criminal charge as well as civil lawsuits in which […]
The Digital Policy Institute at Ball State University has drawn up a blueprint to create as many as 200,000 jobs nationwide by March. How? By spending $28 billion to construct wireless broadband access in rural areas. Ball State calls for distributing the money to small, rural telephone companies as the fastest way to get Americans […]
Anthem Blue Cross and Blue Shield’s growing market dominance in Indiana is sparking a backlash from doctors who plan to push
a bill this year in the Indiana General Assembly that would allow physicians to reject patients covered by massive health
insurer.
Students, commerce and emerging media have moved to the forefront of Ball State’s mission under President Jo Ann Gora, attracting corporate dollars to the university.
Conseco Inc. and the Florida Office of Insurance Regulation have agreed to enter discussions after the regulator threatened to revoke Conseco’s license in that state due to problems with its life insurance policies there. Officials at Carmel-based Conseco say they brought the problem to the attention of officials after they discovered a long-running error that […]
The flow of life sciences venture capital tailed off in Indiana last year compared with 2007, but the state still attracted twice as many dollars as in 2006. Hoosier life sciences firms pulled in a combined $75.4 million in venture capital last year, according to data compiled by BioEnterprise, a Cleveland-based life sciences development group, […]
Indiana University President Michael A. McRobbie ordered the school’s vice presidents, chancellors and deans to find $4.9 million in budget cuts immediately, in response to Gov. Mitch Daniels’ decision to trim IU’s state operating funds by that amount for the current fiscal year. The cut represents 0.2 percent of IU’s $2.6 billion annual budget. State […]
Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.
It was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer’s stock lost
more than 55 percent of its value during the year.
Eric Johnson, Conseco Inc.’s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises
of the investing world over the last 18 months.
In 20 years, IUPUI leaders want their campus to feel more like the rest of downtown — taller buildings, more parks,
more people hanging out — and they want to connect it to the city’s core.
Standard Life Insurance of Indiana has been taken over by Indiana regulators after massive investment losses threatened its obligations to policyholders. Indiana Insurance Commissioners Jim Atterholt won an order of rehabilitation from Marion County Circuit Judge Theodore Sosin yesterday, granting him management authority over the company. Standard Life is owned by Kentucky-based Capital Assurance Corp., […]
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.
St. Vincent Indianapolis Hospital is cutting about 50 jobs to reduce costs in the face of declining patient volume and rising numbers of unpaid bills. The people being laid off are spread throughout the hospital, including human resources, facilities and management, said St. Vincent spokesman Johnny Smith. He said St. Vincent has made no job cuts […]
