CVS to replace downtown IHOP
CVS has filed plans to build a new store where an IHOP now stands at the corner of 16th and Meridian streets. The new pharmacy would replace the iconic…
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WellPoint, adds, loses executives
WellPoint Inc. hired Kevin R. Hayden as president of its Medicaid business division, the company announced today. Hayden will begin the job April 21. The Indianapolis-based health insurer has contracts with Medicaid programs in 14 states, including Indiana, serving 2 million customers. WellPoint has more than 35 million customers nationwide. Before joining WellPoint, Hayden was […]
Paramount Tower getting redesign
A development team is redesigning plans for a 16-story student-housing tower it hopes to build on a 2.3-acre site a few blocks east of the Central Canal. The developers,…
Chance of Midwestern drought ‘significant’
An Iowa State University forecaster is pegging the odds of a major summer drought in the Midwest at one in three. Elwynn Taylor, who has been producing the forecasts for 20 years, called the chance “significant,” the Chicago Tribune reported. Major droughts tend to hit the Midwest every 18 to 19 years, Taylor said. The […]
Are candidates hiding from the arts?
Political candidates are all over the state these days, grabbing photo ops wherever they can … except, it seems, at arts events.
Think about it: When was the last time you saw a candidate – local or national – posing in…
Janitors’ union negotiates contract
The first citywide union contract has been struck following negotiations between 1,500 janitors and five big companies that clean local businesses. The Service Employees International Union plans a ratification vote tomorrow at Central Christian Church in Indianapolis, the union announced this morning. Leslie Mendoza Kamstra, of the SEIU’s Indianapolis office, said she could not disclose […]
The merits of earthquake coverage
Everyone has a story to tell today about this morningâ??s earthquake, which came from West Salem, Ill., and
measured 5.4 on the Richter scale. People were awakened. Things moved.
This quake was a piker compared to the devastation the…
Crean makes controversial hire
Indiana University basketball coach Tom Crean today hired an assistant with deep ties to former coach Kelvin Sampson. Over the next week, you can bet the school’s trustees along with Crean and IU President Michael McRobbie will be asked about…
Moody’s might downgrade Conseco debt rating
Moody’s Investors Service said today it is considering another downgrade of Conseco Inc. and its life insurance units after it bumped the Carmel company to negative from stable in September last year. Conseco’s $173 million operating loss in 2007 was “well below expectations” largely due to ongoing problems with its long-term care business, and earnings […]
Premier Properties auction attracts no bids
No bids were submitted today at an auction for control of 10 properties owned by Indianapolis-based Premier Properties USA
Inc., the financially troubled development company run by Chris White.
CALPERS gains allies in Lilly bylaw fight
The California Public Employees’ Retirement System, the nation’s largest public pension fund, said yesterday it has backing from four major proxy advisory services for a resolution that would require only a simple majority vote of Lilly shareholders to amend the company’s bylaws. Endorsing the giant pension fund’s shareholder resolution are Egan-Jones, Glass Lewis, RiskMetrics Group […]
Is Lechleiter the fall guy?
CALPERS, the big pension fund, doesnâ??t want Eli Lilly and Co.â??s new CEO, John Lechleiter, to be voted onto
the board at Lillyâ??s annual meeting on Monday.
Lechleiter was a high-level player within Lilly in recent years while the…
WellPoint buys information contractor
WellPoint Inc. announced today that it has acquired Maryland-based Resolution Health Inc., a personal health care guidance company, for an undisclosed price. Resolution Health has developed software that compiles medical, pharmacy and lab-claims data, pairs them with lab results and personal health information on individuals, and then makes suggestions on gaps in care or warns […]
IRL gains speed in cyber space
The Indy Racing League appears to be hitting on all cylinders. Through the first two races this year, the IRL, which recently unified with Champ Car, is seeing gains in attendance and television ratings. Now, IRL officials are reporting significant gains…
IBJ Movie Night: “88 Minutes”
So were you there last night at the screening of “88 Minutes”?
If so, what did you think?
And whether you were there or not, feel free to chime in with your favorite/least favorite Al Pacino performances. Side question: Anyone out there…
GE closing could eliminate $1.2M in taxes
Monroe County could lose $1.2 million in taxes after General Electric Co. closes its refrigerator plant in Bloomington next year. The company paid nearly $1 million in property taxes last year, and the $22 million payroll likely generated about $221,000 from the county’s 1-percent county option income tax, according to The Herald-Times of Bloomington. The […]
Indiana University basketball coach Tom Crean made the hire today that several school trustees dreaded. Over the next week, you can bet those trustees along with Crean and IU President Michael McRobbie will be asked about the hire of Bennie Seltzer…
What’s next for Pacers?
An announcement today that Indiana Pacers co-owner Herb Simon will become CEO and Jim Morris will be elevated to president has many sports marketers applauding, but at the same time asking “What’s next?”
Several key questions persist. First, how much steam…
UPDATE: Simon, Morris to split Walsh’s duties
Herb Simon is now both owner and CEO of Pacers Sports & Entertainment, the parent organization of the Indiana Pacers. The 73-year-old real estate magnate announced at a news conference today that he’ll become more involved in the teams operations, taking over some of the duties held by Donnie Walsh following his resignation from the […]
Ex-employee sues WellPoint over pension
A former employee of WellPoint Inc. has filed a lawsuit that claims his pension plan was mismanaged because his pension was invested in declining stock of the Indianapolis-based health insurance giant. Paul West’s suit seeks class-action status for 10,000 pension-plan participants, according to Bloomberg. WellPoint shares have slumped 45 percent this year, to about $50. […]