FedEx closely watching key legislation
Congress may determine long-term fate of FedEx’s Indianapolis cargo hub, where about 4,500 work.
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FEIGENBAUM: Legislature heads toward bumpy conclusion
OK, I admit that I’m still wincing about last week’s column about a peaceful, easy feeling in the General Assembly
as it approached the leadership-targeted early-adjournment date.Bars should cater to smokers, too
I am replying to the article in the March 1 IBJ where [Indianapolis Convention and Visitors Association President
Don] Welsh made his nebulous claims that Indy’s weak smoking ban hurts his ability to market the city to visitors and
convention business.Indy Racing League still trying to turn a profit
Terry Angstadt, who oversees the Indy Racing League’s commercial division, thinks the series could break even in 2011
and be profitable by 2012 despite myriad challenges facing open-wheel racing.Many banks cutting dividends to merely a penny
Banks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
HAUKE: Greece should own up to its spending habits
I normally don’t expect complete child-like behavior from heads of state, but every political leader in Europe has been
acting like a little kid trying to run away from the broken window.Scale Computing lands $9M from Silicon Valley venture firm
Data-storage upstart Scale Computing on Monday announced a $9 million investment from Silicon Valley venture firm Benchmark
Capital. The infusion will help kick-start a global sales expansion focused on Japan and Europe, said Scale CEO Jeff
Ready.FinishMaster reports flat profit in fourth quarter
FinishMaster Inc.’s profit in the fourth quarter of 2009 was unchanged from the previous quarter, although earnings for the
entire year declined. The Indianapolis-based paint distributor attributed the drop to lower automobile-accident claims.Speedway extending Obama Indianapolis 500 invitation
Indy Racing League officials hope to leverage their growing relationship with Brazilian president to attract U.S. President
Barack Obama to the Indy 500. It would mark the first time a sitting president has attended the 100-year-old event.Legal battle over Simon estate plan puts big gifts in limbo
Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it
could be up to his widow, Bren Simon, whether to fulfill that wish.EDITORIAL: Run for president, Gov. Daniels
Gov. Mitch Daniels should step through the door he cracked open last month and throw
his hat in the ring. Voters would benefit from a new voice.Local government reform still sputtering
The second legislative session since the Kernan-Shepard report on local government reform is about to end. Joe Kernan and
Randall Shepard can still say, “We’ve got to stop governing like this.”
Indiana lawmakers still hoping to adjourn Thursday
Lawmakers are close to a compromise on a work-site guns bill, but remain farther apart on several other issues.
Couple robbed at gunpoint in Broad Ripple
Police say a couple was robbed at gunpoint Monday night close to the busiest area of Broad Ripple. The incident occurred
near Paxton Avenue and Carrollton, two blocks from Broad Ripple Avenue and one block from College Avenue. According to police,
the two robbers approached the couple from behind, forced them to the ground and stole the woman’s purse and man’s
wallet, both containing cash and credit cards. The victims did not get a good look at the suspects.
Creditors: General Growth biased toward Brookfield proposal
General Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s
agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property
Group also has bid to acquire the bankrupt company.Company news
Call it California screamin.’ Indianapolis-based WellPoint Inc. continues to get a steady flow of
bad news coming from the Golden State, which is feeding problems for the health insurer in Washington, D.C. WellPoint CEO
Angela Braly gave an unapologetic defense last week before a congressional committee about her company’s 25-percent
premium hike on individual customers in California. But the next day, California Attorney General Jerry Brown subpoaned documents
from WellPoint and its insurance peers in an investigation into whether their premium increases and claims denials were illegal.
According to Bloomberg News, the investigation was undertaken in response to reports that California insurance providers deny
almost 40 percent of claims. Then on Monday, a consumer watchdog group sued WellPoint for pushing consumers to take coverage
with fewer benefits and higher deductibles, which the lawsuit says violates California law, according to the Associated Press.
On Thursday, President Obama’s top health official, Kathleen Sebelius, wants to see WellPoint and its rivals in her
office to explain their premium hikes. Heavy media attention on premium hikes in states across the country has revived Obama’s
health reform efforts, which WellPoint has opposed since last fall. The only good news for WellPoint came on Wall Street,
where investors are pleased the company is raising its prices faster than medical costs are escalating. WellPoint’s
stock price surged 6 percent last week alone.The Indiana University Melvin and Bren Simon Cancer Center has named a replacement for former director Stephen
Williams, who died of cancer in February 2009. The center chose Dr. Patrick J. Loehrer Sr., who joined the IU faculty in 1990,
and also will serve as associate dean for cancer research and hold the title HH Gregg Professor of Oncology at the IU School
of Medicine. Loehrer is an internationally recognized researcher and specialist in testicular cancer, gastrointestinal cancer,
and thymoma. His appointment must be approved by university trustes.Indianapolis-based PDS Biotechnology Corp. won a $1.28 million grant from the National Cancer Institute
to help it complete preclinical testing of an experimental drug aimed at curing infections and cancers caused by human papillomavirus.
The most common cancers caused by the virus are cervical, anal and head and neck cancers. PDS said 400 million people have
the virus, and no existing vaccines offer a cure.The University of Notre Dame licensed technology developed by one of its professors to Pennsylvania-based
Molecular Targeting Technologies Inc. Financial terms of the deal were not disclosed. The technology, developed by chemistry
prof Bradley Smith, can target dead or dying cells in humans or in bacteria clusters. Such selective sensing could help researchers
see more clearly the effects of treatments on cancers or bacterial infections.Indiana tax collections for February down $86 million
Tax collections for February fell $86 million below a revised December forecast. Revenue is down $166 million in the first
three months since that forecast.Colts’ Bill Polian finds himself in middle of NFL overtime debate
While top prospects were on display at yesterday's NFL Combine in Indianapolis, members of the league's competition
committee were hotly debating a rule that could change the game next year.General Growth sets timeline for reorganization, plans IPO
General Growth, the bankrupt takeover target of Simon Property Group, aims to confirm a reorganization plan by Oct. 5. In addition, it said it will launch an initial public offering on Friday.
Ex-higher ed chief Jones unveils college completion group
With funding of $12 million over four years, Stan Jones wants to influence states to focus on getting college students to
graduate.