News & Analysis

$4.7B WellPoint deal leaves workers in limbo

April 13, 2009
J.K. Wall
Investors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but the fate of about 2,100 WellPoint employees now is up in the air.
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WellPoint to sell subsidiary for $4.6B

April 13, 2009
J.K. Wall
WellPoint Inc. has agreed to sell its pharmacy benefits management arm for $4.675 billion in cash and stock to St. Louis-based Express Scripts, the companies announced April 13.
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Women's Fund narrows its focusRestricted Content

April 13, 2009
Katie Maurer
Critical endowment has lost half its value during slump
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Steak n Shake nixes $4M contract with ad firm after less than 3 months

April 13, 2009
Anthony Schoettle
Less than three months after hiring a new advertising agency, Steak n Shake has jettisoned and is now suing Georgia-based The Varnson Group.
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Prolonged woes reshape Connersville, city once known as 'Little Detroit'Restricted Content

April 13, 2009
Kathleen McLaughlin
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
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Doc sues Web-savvy ex-patientRestricted Content

April 13, 2009
J.K. Wall
Dr. Barry Eppley, an Indianapolis surgeon, says an online crusade by a disgruntled former patient is taking a toll on his practice, and he's suing her.
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Conseco's Prieur, others suffering steep losses on purchase of sharesRestricted Content

April 13, 2009
J.K. Wall
Conseco CEO Jim Prieur keeps putting his money where his mouth is, purchasing more than a half-million shares of his company's stock over two years.
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Quality-control firm launches after key player foldsRestricted Content

April 13, 2009
Kathleen McLaughlin
Entrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered suddenly.
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Recession slices into golf business; courses roll out promotionsRestricted Content

April 13, 2009
Anthony Schoettle
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
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Stem cell discovery promises health care revolutionRestricted Content

April 13, 2009
Bloomberg News
Scientists are using a new stem-cell technique that may someday revolutionize care for disorders as diverse as diabetes, Alzheimer's disease and muscular dystrophy.
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Indiana playing trailblazing role in drive to tailor pharmaceuticals to genetic makeup of individualsRestricted Content

April 13, 2009
Chris O'Malley
Indiana is becoming not only a hotbed of "pharmacogenomics" research, but also a trailblazer in finding practical ways to use it on the practitioner level.
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Omnicity seeks financial turnaround, has 28 acquisitions in mind

April 13, 2009
Chris O'Malley
Dick Beltzhoover, a private investor in Omnicity Corp., a Carmel-based wireless broadband provider, has quietly taken the company public and has lofty plans to expand nationwide.
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Startup Carbon Motors could create 1,500 jobsRestricted Content

April 13, 2009
Kathleen McLaughlin

Hoosier economic development officials are working to attract police-car maker Carbon Motors to Connersville.

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CIB rescue plan counts on new hotel being big successRestricted Content

April 13, 2009
Peter Schnitzler
The Marion County Capital Improvement Board's bailout depends on the success of Indianapolis' new downtown JW Marriott convention hotel.
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Hungry for customers, restaurateurs dangle dealsRestricted Content

April 6, 2009
Sam Stall

Restaurateurs are responding to the recession, be they the proprietors of fine-dining establishments or burger joints, by offering low-cost dining deals.

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Project aims to make electric plug-in cars a realityRestricted Content

April 6, 2009
Chris O'Malley
A partnership of electric utilities and technology companies is intent on making Indianapolis the first city in the nation to test plug-in electrics on a mass scale, perhaps starting later this year.
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State insurance program containing health costsRestricted Content

April 6, 2009
Scott Olson
Doug Stratton, executive director of the Indiana Comprehensive Health Insurance Association, slashes costs, pushes disease control to keep prices as low as possible.
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Foreclosure investors shift to buy-and-hold strategyRestricted Content

April 6, 2009
Sam Stall
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental properties and sitting tight until the market improves.
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Most office-space renters opt to stay where they areRestricted Content

April 6, 2009
Sam Stall
Tight budgets, unsure future make moving unattractive to office-space renters.
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Doctors squirm as patients rate health careRestricted Content

April 6, 2009
J.K. Wall
As health care slowly shifts to operate more like retail stores, patients' opinions of doctors have become commonplace on more than 30 physician-rating Web sites, including a subscription service run by Indianapolis-based Angie's List.
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Harlan Bakeries sues vendor over equipment glitchesRestricted Content

April 6, 2009
Peter Schnitzler
Harlan Bakeries recently filed a lawsuit against equipment vendor Doboy Inc., saying it provided faulty equipment to package Harlan's cream-cheese-filled bagels.
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Indianapolis weathering recession better than rest of state, U.S.Restricted Content

April 6, 2009
Peter Schnitzler
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
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General Assembly pushes statewide trauma systemRestricted Content

April 6, 2009
Scott Olson
Indiana lawmakers are considering legislation to create a network that would coordinate hospital trauma programs and bring the centers to underserved cities and rural areas.
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Trophy-seeking hunters keep Greenwood taxidermist busyRestricted Content

April 6, 2009
Ashley OdleMore

Franchise outlook is murkyRestricted Content

March 30, 2009
Peter Schnitzler
Undaunted, some entrepreneurs still count on franchises, despite the shaky economy.
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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