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Carmel City Council members exerted their influence over redevelopment commission expenses Monday, denying a $60,000 contract extension for longtime Executive Director Les Olds despite Mayor Jim Brainard’s pleas to keep him on the job.
BrightNest, founded in 2011, provides free online tips for home maintenance to about 100,000 users. The company’s eight employees will remain based in Denver.
Indianapolis software developer Interactive Intelligence Group Inc. earned $1.2 million in the second quarter as revenue increased 39 percent, to $76.2 million.
The owners of the buildings, about three dozen entities and individuals, owe $16.6 million, or the entire balance of the loan they received in 2006 to purchase the properties, according to court documents.
My contest partner has been selected. Now it’s time to dust off my Phil Gordon books.
Michael Evans was juggling two companies and two newborn twins when his board of directors suggested it was time for a new CEO of AIT Laboratories. He was replaced by venture capitalist Matt Neff on Monday.
Paula Parker-Sawyers has been named program manager for the Indiana Clinical and Translational Sciences Institute’s community health engagement program. Previously, Parker-Sawyers served as senior director of outreach and partnerships at the National Campaign to Prevent Teen and Unplanned Pregnancy in Washington, D.C. She has also served as the executive director of the Indiana Office of Faith-Based and Community Initiatives under former Indiana Gov. Mitch Daniels. Parker-Sawyers holds a bachelor’s degree in political science and master’s of public administration from Indiana University.
Myron Lewis has been named vice president of neuroscience services at Community Health Network. Since November, he has worked as a health care consultant in Harbor Springs, Mich. Before that, Lewis worked as the administrative director of the Indiana University Health Saxony Hospital in Fishers. Lewis holds a bachelor’s degree in industrial and organizational psychology from Michigan State University, a master’s degree in clinical social work from Western Michigan University and an MBA from Indiana Wesleyan University.
Plunging revenue from blood glucose monitors has forced Roche Diagnostics Corp. to cut its staff, the company informed the workers last week. Roche, which operates its North American headquarters out of Indianapolis, suffered a 14-percent decline in revenue in its diabetes care unit during the first six months of the year. Roche has put that unit up for sale, according to a May report by the Reuters news agency. Roche spokesman Todd Siesky declined to disclose the number of workers that will be let go, only saying that jobs will be eliminated over the next several months. The cuts will affect Roche’s customer service group in Fishers and its diabetes manufacturing plant on the far northeast side. Between the two sites, Roche employs more than 900 diabetes care workers in the metro area. During the first six months of this year, Roche’s North American sales of diabetes products totaled $224 million. During the same period of 2012, diabetes sales in North American totaled about $257 million. And it’s going to get worse. The price of blood glucose monitors—which account for 90 percent of Roche’s diabetes care revenue—will be hammered by a new competitive bidding process instituted July 1 by the federal Medicare agency. Some projections indicated the Medicare program would drive down its payments 72 percent.
Indianapolis venture capitalist Matt Neff is the new CEO of Indianapolis-based AIT Laboratories, the drug-testing lab founded by Michael Evans. Evans stepped aside once before, in early 2012, and was replaced by Ron Thieme, who had been vice president of information technology. But the move didn’t work out, and Evans returned to the top job that fall. Now, Evans, 69, is stepping aside again, and Neff is becoming chairman, president and CEO, effective Monday. (See related story above.) Evans will remain chairman emeritus and continue as CEO of AIT sister company AIT Bioscience. Neff, meanwhile, is stepping down as CEO and president of CHV Capital, the venture capital arm of Indiana University Health, a post he held for six years. IU Health said the CHV Capital board would conduct a search for his replacement. AIT, founded in 1990 by Evans, then an Indiana University School of Medicine professor, caught fire about 10 years ago when it became the nation’s pioneer in urine drug tests to help doctors monitor patients taking narcotics for chronic pain. But AIT has been in turnaround mode after failing to respond quickly to deep cuts in Medicare reimbursement rates for basic drug tests. In 2009, Evans sold the company to employees for $90 million, with payments to him staggered over a number of years.
Community Health Network and Johnson Memorial Health opened the doors to a new health pavilion that will house doctors from both Community Physician Network and Johnson Memorial Physician Network, including specialists in family medicine, pediatrics, orthopedics, women’s health and general surgery. The facility will also offer walk-in lab testing, an imaging center, and physical and occupational therapy. Indianapolis-based Community and Franklin-based Johnson Memorial formed a partnership two years ago.
Roche’s diabetes care unit, which employs more than 900 in Indianapolis, suffered a 14-percent decline in revenue during the first half of 2013. Roche has reportedly put the unit up for sale.
A Sunday afternoon apartment fire that displaced 10 residents likely was started by a discarded cigarette, authorities say. The blaze at Grand Oaks Apartments, near Interstate 65 and Southport Road on the south side, heavily damaged two large units. No injuries were reported.
Two armed robbery suspects escaped, but one was captured after a car chase Sunday night in Anderson. Three men reportedly robbed Harvest Market at about 6 p.m. and fled in a Ford Focus. Police gave chase until the car crashed near Hartman Road and Broadway Street. Two of the men escaped on foot but the other was taken into custody and is being questioned. Police searched the area for about five hours before calling it quits.
Two people died early Monday in a motorcycle accident that shut down lanes of Interstate 74 on the southeast side for several hours. A man in his 30s and a woman in her 20s were thrown from the motorcycle while trying to brake to avoid a collision. Police say the bike had been traveling well above the speed limit.
The locally based burger chain filed suit late last month to stop a Denver restaurant owner from operating under its logo in a spat over menu pricing. The franchisee is countersuing.
A northwestern Indiana lawmaker says he will push a measure next year that would change state law to allow local governments to file for bankruptcy like Detroit did in July.
Hoosier Academies and Indiana Connections Academy are both sponsored by Ball State University. Neither school came close to the state average for ISTEP+ scores last year.
If Angie's List decides to make its involvement with the IndyCar Series a major part of its marketing campaign, it could be a big coup for the series and the team the company partners with. Angie's List pours tens of millions of dollars into marketing annually.
So far this year, low-paying industries have provided 61 percent of the nation's job growth, even though these industries represent just 39 percent of overall U.S. jobs. And part-time work has made up 77 percent of the job growth.
Online “food hubs” have emerged as small and medium-sized farmers have worked together to find quicker and broader ways to distribute their produce.
Did you get to the Fair? Take in Indy Jazz Fest's night at Conner Prairie? Explore First Friday options? What did you hear, see or do this weekend?
Obamacare is destined to fail for one key reason: it will make health insurance cost more and buy less.
