News & Analysis

National fraternities face more legal risk after court ruling

May 15, 2013
Bloomberg News
An Indiana appeals court ruling regarding the death of a Wabash College freshman may force national fraternities to take more responsibility for misconduct at chapter houses.
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Talk-radio conservative Abdul slated for WIBC-FM lineup

May 15, 2013
Chris O'Malley
The commentator has been without local show on commercial radio since 2011. He'll find a home on WIBC, which also is preparing to fill its vacant position for news director.
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Indiana BMV ends specialty plate talks with 3 groups

May 14, 2013
Associated Press
The BMV stopped negotiations with the Indiana Greenways Foundation, the Indiana 4-H Foundation and the Indiana Youth Group.
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Zak Brown turns down IndyCar CEO job

May 14, 2013
Associated Press
Brown said he instead will relocate in July to England to continue the growth of his Zionsville-based agency, Just Marketing International.
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Simon shareholders OK CEO’s controversial pay package

May 14, 2013
Scott Olson
The lucrative agreement approved Tuesday leaves in place the element that has created the largest controversy—a $120 million stock retention bonus that David Simon will receive if he stays through July 2019.
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Surprise director departures boost WellPoint shares

May 14, 2013
Greg Andrews
Outside observers cast the departures of Lenox Baker, Sheila Burke and Susan Bayh as a positive that will allow new CEO Joseph Swedish to recast the board.
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Leader of fraud scheme sentenced to 4-plus years

May 14, 2013
 IBJ Staff
Michael Russell, 54, pleaded guilty in January to 20 counts of wire fraud and money laundering in a scheme involving former Indianapolis City-County Councilor Paul Bateman.
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Convenience stores sue to sell cold beer in Indiana

May 14, 2013
Mason King
An industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly benefits liquor stores.
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Nancy Irsay puts party pavilion, home on market for $3.7M

May 14, 2013
Scott Olson
Dozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
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Lechleiter's surgery to repair heart goes as planned

May 14, 2013
Bloomberg News
Eli Lilly and Co. CEO John Lechleiter underwent a scheduled surgery Monday for a heart defect, and the repair to the aorta is functioning as intended, the Indianapolis-based drugmaker said.
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Indiana farmers catching up on some planting

May 14, 2013
Associated Press
A weekly report says 30 percent of Indiana's corn crop was planted as of Sunday, up from 8 percent the week before, but still off the 5-year average of 54 percent.
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Three WellPoint directors step down, cite personal reasons

May 13, 2013
Bloomberg News
Lenox Baker, Sheila Burke and Susan Bayh resigned from the board effective immediately, Indianapolis-based WellPoint said Monday in a regulatory filing.
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Broad Ripple flooding in 2012 becoming costly for city

May 13, 2013
Associated Press
The city of Indianapolis faces possibly paying several hundred thousand dollars for a restaurant badly damaged by flooding that swamped a neighborhood during a downpour a year ago.
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WRTV adds Avon native to its weather team

May 13, 2013
 IBJ Staff
WRTV Channel 6 has hired central Indiana native Kyle Mounce as its newest meteorologist, the Indianapolis TV station announced Monday night.
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Manufacturer planning expansion, 100 jobs in Boone County

May 13, 2013
 IBJ Staff
CNH Parts & Service, the product-support division of international manufacturing giant CNH Global NV, plans a $13.3 million expansion in Lebanon.
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Michigan doctor named dean of IU School of Medicine

May 13, 2013
Associated Press
Dr. Jay Hess was picked to become the 10th dean in the school of medicine's 110-year history and the first dean in the past five to come from outside IU.
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Indiana device makers absorbing Obamacare excise tax

May 13, 2013
J.K. Wall
The state's medical-device companies are finding that they cannot pass on the new medical-device tax created by Obamacare to their hospital customers, causing them to continue to make cuts and to look to foreign markets for more profitable growth.
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Indianapolis schools encounter more ISTEP glitches

May 13, 2013
Associated Press
Indianapolis students trying to complete standardized tests that already have been delayed by technical issues have encountered more problems.
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UPDATE: Brizzi lieutenant agrees to guilty plea in bribery case

May 13, 2013
Cory Schouten
David Wyser, the top deputy under former Marion County Prosecutor Carl Brizzi, was charged with bribery for his role in the early release of a woman convicted in a murder-for-hire scheme.
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Area homes sell at faster clip

May 13, 2013
Purchase agreements for existing homes in the Indianapolis area increased 13.2 percent in April. Home sales have jumped in each of the first four months of the year.
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New north-side IndyGo route starts in June

May 13, 2013
Kathleen McLaughlin
IndyGo will begin new crosstown service June 10 on 86th Street, the result of a $6 million budget increase that has funded improvements throughout the bus system.
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Study rebuts hospitals' argument on Medicare, rising costs

May 13, 2013
Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across the country have been raising prices just because they can, according to a new study.
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Foes organizing against central Indiana wind farm plans

May 13, 2013
Associated Press
A Chicago-based company is seeking permission from Delaware County officials to build about 30 turbines across 15,000 acres of agricultural areas northeast of Muncie.
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First Merchants' deal to make it state's second-biggest bank

May 13, 2013
Greg Andrews
The acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100 offices.
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High court rules against Indiana farmer in patent case

May 13, 2013
Associated Press
The Supreme Court has sustained Monsanto Co.'s claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.
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