Glass uses humor during IU intro
Indianapolis attorney Fred Glass demonstrated a keen sense of humor during a press conference held this morning to introduce him as the next Indiana University athletic director. Given the expected sanctions on the…
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ImClone acquisition targeted by lawsuit
A shareholder in New York-based ImClone Systems Inc. has filed a lawsuit in an attempt to stop its pending acquisition by Eli Lilly and Co., according to a disclosure filed today with the U.S. Securities and Exchange Commission. State-Boston Retirement System of Massachusetts and several individual ImClone shareholders claim the company provided too little information […]
IU’s AD short list down to three
The 13-person search committee charged with finding candidates for Indiana University’s soon-to-be vacated athletic director position has paired its short list down to three candidates, according to two sources within IU’s athletic department.
Indianapolis…
Obama raising more money in Indiana, but business interests stick with McCain
Republican Sen. John McCain has been unable to achieve the same Indiana fund-raising edge on his Democratic opponent that
President George W. Bush did in past elections. Bush rang up an Indiana fund-raising advantage of $1.7 million over Sen. John
Kerry in 2004, according to the Center for Responsive Politics. And his popularity in Indiana allowed
him to spend those dollars to help him campaign in other states while easily winning Indiana’s electoral
votes. But this election, Sen. Barack Obama had outraised Republican John McCain by $360,000 through the end of August, when
McCain’s decision to take public campaign funds forced him to stop raising funds directly for himself.
Obama did not take public funds, and so has continued to raise money.A&E Lou Harry: Murder most Hoosier
Last year, when I commented on Indiana Repertory Theatre’s boiled-down-to-90-minutes production of “Hamlet,” the theater wrote back making clear that the presentation was part of Shakespeare for a New Generation, an initiative sponsored by the National Endowment for the Arts in cooperation with Arts Midwest. As part of that program, the to-thebone length was mandatory. That explained the “why.” But it didn’t change my reaction to the show as an audience member: It felt more like reading a Classics Illustrated…
As politics finds new mediums, local firms are along for the ride
In this year’s election cycle, the policy watchword is "change." But amid the partisan debate, another type of
change is revolutionizing the way candidates track voters and spread messages. Communication tools like
text messaging, social networking and YouTube are increasingly integral to successful politics.No perfect fit for Main Street: Small-business owners fall on both sides of political line
Joe the Plumber has been getting plenty of attention in recent weeks, but what about Kimberly the Merchant or John the Manufacturer? For all the talk about whether this year’s presidential candidates favor Wall Street or Main Street, there’s little discussion of the fact that neither Democrat Barack Obama nor Republican John McCain may be perfect for all small-business owners. Indianapolis manufacturing firm owner John Raine is backing McCain because of his stance on taxes and labor unions. Local shop…
Candid conversation with Dungy
Indianapolis Colts Coach Tony Dungy likes Democratic presidential candidate Barack Obama. That’s just one of the interesting nuggets from this morning’s IBJ Power Breakfast featuring Coach Dungy. The coach stopped short of saying…
Hospitals brace for ‘errors’ rule: Financial impact of new Medicare policy still uncertain
Medicare’s new rule to refuse to pay hospitals for “preventable errors” hasn’t caused hospital administrators to lose sleep about lost revenue. But they do worry that the new rule, which went into effect Oct. 1, could increase the number of costly malpractice lawsuits filed against their hospitals. It’s not clear yet what the financial impact of Medicare’s new “no-pay” rule will be. But companies that make their money supplying hospitals with equipment and services have wasted no time using the…
Gubernatorial candidates Daniels, Thompson see economic development differently
Democratic gubernatorial candidate Jill Long Thompson promises to buoy Indiana’s slumping rural counties with a three-tiered
incentive plan. Republican Gov. Mitch Daniels has a different vision for stoking the state economy. He wants to build on Indiana’s
strengths–such as world-class research at universities–to innovate and create jobs.Lenders foreclose on at least 20 properties in mortgage scheme
Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.
FUNNY BUSINESS: The art of letter writing: before the text generation
My sister’s kids, Deniece and Denephew, think it is just hilarious to watch their fumbling uncle trying to send a text message-which has recently become the No. 1 use of cell phones, instead of talking. I poke and prod one measly letter at a time. Meanwhile, the kids-with agile thumbs and secondnature knowledge of a cell phone touch pad-are incredible. To watch them is to see an intricate ballet of the opposable digits (pas de pouces) performed at lightning speed….
BEHIND THE NEWS: Lechleiter went toe to toe with Icahn to cut megadeal
Eli Lilly and Co. had been salivating over ImClone Systems Inc. for more than two years when, on July 25 of this year, its senior executives received a formal staff recommendation to contact the company and make an overture. So it must have come as quite a jolt to Lilly brass when, just six days later, Bristol-Myers Squibb announced that it was offering to buy the 83 percent of ImClone it didn’t already own for $60 a share, or $4.5…
VOICES FROM THE INDUSTRY: Worksite wellness encourages steps to healthier firm
Over the past several years, employers have seen a movement from traditional PPO health plans to consumer-driven health plans, by implementing qualified high-deductible plans such as health savings accounts. This shift has been viewed by most to have initially lowered overall employer and employee cost, but more importantly, it has gotten the employee more involved in their health care choices. Fortunately, consumer-driven health care plans are not the only answer in reducing employer costs. According to the Towers Perrin 2008…
ECONOMIC ANALYSIS: We shouldn’t let market mayhem obscure progress
Amid all this joyless market watching, this much is clear: The financial markets and the economy are going to get worse before they get better. But market watching is never a healthy sport, especially since it tends to make us lose track of the real economy at times like these. Over the past couple of weeks, the real economy has shown a bit of resilience. And here in Indiana, really great news has been lost in the wake of the…
WellPoint, St. Francis battle over insurer’s IT problems
A year of computer snafus boiled over Oct. 13 when the St. Francis system declared WellPoint Inc. in breach of its contract
because of habitually late payments.Getrag loses main customer for Tipton plant
German manufacturer Getrag is without a primary customer for the transmissions it expected to make at a new factory in Tipton. Chrysler LLC terminated a financing options agreement with Getrag over the weekend, the company said. Indiana economic development officials hope Getrag can find a new customer soon for dual-clutch transmissions that were to be […]
Review: ‘Striped Pajamas’
The Heartland Film Festival kicks off tonight with the North American premiere (which I incorrectly stated was a World Premiere in my weekly e-mail) of “The Boy in the Striped Pajamas.”
Landing a major studio premiere is a coup for Heartland…
Lucas: Stadium worth the cost
There have been a fair number of complaints about the new home of the Indianapolis Colts since its opening in August, from the temperature inside the stadium to traffic flow in concourses and…
St. Francis would cancel Anthem contract early
The St. Francis hospital system threatened to terminate its contract with Anthem Blue Cross and Blue Shield of Indiana on Nov. 2-well before the contract expires next September, saying Anthem has been slow at paying claims and has not granted St. Francis terms similar to other area hospitals. If no deal is reached before Nov. […]