J.F. Wild building getting makeover
A local firm has begun renovations on an historic 12-story former bank building at 129 E. Market St. Crown Property Group bought the J.F. Wild & Co. building from…
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WellPoint to stop paying for some medical errors
WellPoint Inc. will no longer reimburse hospitals for serious preventable errors, the Indianapolis-based health insurer announced today. WellPoint’s first phase of the initiative includes 11 preventable adverse events and will be modified and expanded in the future. WellPoint said no one should be charged for the three most serious errors: performing the wrong kind of […]
Ribbit redux
I was jazzed to take my kids to revisit Actors Theatre of Indiana’s “A Year with Frog and Toad” last weekend at The Children’s Museum, where a truncated version is being presented free with museum admission.
Unfortunately some rights issues kept…
Who is minding Pacers business?
With former Indiana Pacers CEO Donnie Walsh, 67, set to be introduced as the New York Knicks president today at 1 p.m., several questions loom large for the Pacers front office.
While the Pacers…
Angola firm selling radio stations for $3.8M
Lake Cities Broadcasting Corp. in the northeastern Indiana city of Angola is selling its five radio stations, according to The Journal Gazette of Fort Wayne. Buying the stations for $3.8 million is Swick Broadcasting Corp. Lake Cities President Tom Andrews is retiring, but plans to offer engineering help on a part-time basis. The stations include […]
Cyberstates report gives Indiana mixed marks
When it comes to a high-tech economy, Indiana ranks 23rd among U.S. states, Washington, D.C., and Puerto Rico, according to an influential annual report released today. Indiana added 1,700 net high-tech jobs in 2006, the most recent year for which comparative data was available, according to “Cyberstates 2008: A Complete State-by-State Overview of the High-Technology […]
National City to explore alternatives
National City Corp., one of the largest banks in Indianapolis, has hired the Wall Street investment bank Goldman Sachs to seek strategic alternatives, the Cleveland-based institution said yesterday. The announcement stopped short of confirming rumors circulating for weeks that the bank would seek a buyer. The bank said the review process would not hamper day-to-day […]
Surprise: IU picks Crean
Shortly after 4 p.m. today, ESPN reported that Indiana University is preparing to sign Marquette’s Tom Crean, 41, as the school’s next men’s basketball coach.
Sources close to the IU coaching search this morning did not mentioned Crean as one of…
Toyota to nearly double stake in Subaru parent
Toyota Motor Corp. intends to boost its stake in Fuji Heavy Industries Ltd. from 8.7 percent to about 17 percent, according to Bloomberg. Fuji makes Subaru cars. The Fuji assembly plant in Lafayette, Subaru of Indiana Automotive Inc., in April 2007 also began assembling Toyota Camry sedans. The additional line in Lafayette resulted in approximately […]
Most docs now favor national health insurance
Doctors have taken a second look at the nation’s health care ills and changed their diagnosis. Their new prescription? National, government-funded health insurance. That’s the upshot of a survey conducted by researchers at the Indiana University School of Medicine in Indianapolis. They found that 59 percent of America’s doctors now favor a national system of […]
Convention caterer could lay off 219 workers
Centerplate Inc. has alerted the state that it plans to lay off 219 workers in Indianapolis as a result of having lost a food and beverage contact at the Indiana Convention Center. Based in Stamford, Conn., Centerplate said the employees might be absorbed by Crystal Catering Inc., the Indianapolis company that won the bidding. However, […]
Hillenbrand shares hold up after company split
Shares of Hill-Rom Holdings Inc. and Hillenbrand Industries Inc., the companies resulting from the split of Batesville-based Hillenbrand Industries Inc., showed little movement this morning in their first day of trading independently. Hill-Rom shares slipped 24 cents, to $25.46. Hillenbrand Industries fell 32 cents, to $21.78. City Securities stock trader Tim Sutton said officials of […]
UPDATE: Conseco shares climb following report
Stock in Conseco Inc. rose 2.7 percent this morning, to $10.47 a share, after the Carmel-based insurance company reported final results for its fourth quarter. In the quarter ended Dec. 31, Conseco lost $71.5 million, compared to $5.7 million in the same period a year earlier. On a per-share basis, Conseco swung to a 38-cent […]
IU down to final four?
As the NCAA hoops tournament heads down the home stretch, Indiana University appears to have its own final four—for its vacant men’s basketball coaching job. But there are a few Cinderellas that could…
IRL signs major deal with Coke
The Indy Racing League today announced a multi-year agreement with Coca-Cola North America that will make Coca-Cola an official sponsor of the Indy Racing League through 2010.
Terms of the category exclusive deal were…
Judge this elevator speech
Results are in for Purdue Universityâ??s second annual Elevator Pitch Competition, and a transcript of the winning
pitch for the graduate-level division is below.
Bob Caswell spit this out in less than two minutes, less time than the ride to the…
Subprime mortgage losses hit Conseco
Investment losses on subprime mortgage-backed securities and an adjustment to tax assets led Conseco Inc. to a big loss in its fourth quarter.The Carmel-based insurance company reported final financial results for 2007 last night – two weeks after reporting preliminary results. Final results were delayed because of a conversation between Conseco and the Securities and […]
Danica a hit with kids
While Danica Patrick earned a sixth-place finish in the Indy Racing League season opener at Homestead-Miami Speedway, 2,740 miles away in Los Angeles she was the winner of another contest.
The Andretti Green Racing…
Full circle on panhandlers
Does the political party of Indianapolis mayors influence how they deal with panhandlers, or is it just coincidence?
Steve Goldsmith, a Republican, used the police to crack down on panhandlers, pushing many of them out of
downtown.
In his eight years, Bart…
Unified IRL off to fast start
The early returns are good for the Indy Racing League. Attendance and television ratings at Saturday’s season opener in Miami were up and local media and fans raved about the on-track racing.
Although the…