WellPoint raises forecast after profit surges
Business continued to improve at WellPoint Inc. in the second quarter, helping the health insurer beat Wall Street’s expectations and raise its profit forecast for the year.
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Indiana lawmaker seeks Purdue trustees’ resignations
A Democratic state lawmaker asked Purdue University's trustees to resign Tuesday for giving President Mitch Daniels a bonus amid the recent firestorm over his efforts as governor to keep a liberal historian's textbook out of Indiana classrooms.
Body found in Geist identified
The Hamilton County coroner’s office confirmed Tuesday that the body found inside an SUV submerged in Geist Reservoir is that of 18-year-old Peyton Reikhof. The cause of death was ruled drowning. Police found the SUV Sunday afternoon after a resident found tire tracks on her property leading to the water. Reikhof, a 2013 graduate of Hamilton Southeastern High School, was reported missing early Thursday.
Girl, 4, survives gunshot to leg
A 4-year-old girl is recovering at the hospital after being shot in the thigh Monday. The shooting took place about 8 p.m. in the 4100 block of Edgemere Court, near East 42nd Street and Sherman Drive. Indianapolis police aren’t sure how the shooting took place. Her mother initially reported the girl had been cut, but medical personnel discovered the wound was caused by a gunshot.
Flavor-maker to close Indy plants, lay off 47
Kerry Ingredients & Flavours LLC plans to consolidate the Indianapolis manufacturing operations into other U.S. facilities. Thirty-five temporary workers also will lose positions.
Man shot to death in parked car
A 21-year-old man was shot to death early Tuesday in the front seat of a running car parked in the Waterstone Apartment complex on the far-east side of Indianapolis. Dontrell Hanyard suffered multiple gunshot wounds shortly after midnight in 10100 block of King Arthur Drive. Two men were seen fleeing the scene.
MainGate scores huge Super Bowl merchandising deal
Indianapolis-based MainGate beat out more than a dozen bidders to sell merchandise at 40 NFL-sanctioned hotels during the 10-day Super Bowl festivities next season.
Greenfield chamber seeks funds to preserve historic building
Less than 50 years after Hancock County was established in 1828, the building that now houses the Greater Greenfield Chamber of Commerce went up on the corner of State and South streets.
Logging plan for Indiana forest draws opposition
The group Hoosier Forest Watch maintains that the logging work would damage the 1,500-acre back-country section of Morgan-Monroe State Forest near Bloomington. The state disagrees.
East-side building donation benefits area not-for-profit
Aaron York’s Quality Air, which has moved to a new location near Lucas Oil Stadium, donated the 66,000-square-foot building it vacated on the east side to a neighborhood not-for-profit.
‘Turbo’ off to slower-than-expected start at box office
The Indianapolis-based IndyCar Series and open-wheel racing enthusiasts were hoping the movie would create a buzz about the sport, but interest has fallen short of expectations so far.
Purdue profs blast Daniels on academic freedom
Dozens of Purdue University professors questioned their new school president's commitment to academic freedom Monday following the release of emails showing that as governor Mitch Daniels tried to keep a liberal historian's textbook out of Indiana classrooms.
Berry picked as new Indiana GOP chairman
The Indiana Republican Party's executive committee voted unanimously Monday to elect Auditor Tim Berry as the state GOP chairman and to hold the party's 2014 state convention in his hometown of Fort Wayne.
Old Northside apartment projects reviving two buildings
Flock Real Estate Group is investing $1 million to refurbish side-by-side apartment buildings at the northeast corner of 13th and Alabama streets, and Englewood Group is spending $3.6 million to convert a former church across the street.
Franciscan doubles down on accountable care
Franciscan St. Francis Health earned a $6.6 million bonus from the Medicare program for its success at keeping central Indiana patients out of the hospital and the emergency room. So the hospital system will expand its participation in so-called accountable care programs to all its Indiana territories.
People
Tennessee-based Centerstone promoted Meagan Terlep to assistant director of children and family services for its mental health operations across southern Indiana. Terlep joined Centerstone in 2009. She holds a bachelor’s degree from Franklin College and a master’s degree in clinical psychology from the University of Indianapolis.
Mark Guinan, chief financial officer of Hill-Rom Holdings Inc., has resigned to become the CFO of New Jersey-based Quest Diagnostics Inc. Hill-Rom, a Batesville-based maker of hospital beds and equipment, has launched a search for Guinan’s replacement. Until then, Michael Macek, Hill-Rom's treasurer, will act as interim CFO.
Company news
Eli Lilly and Co. will freeze pay this year for most workers, including executives, in a move designed to save $400 million by the end of 2016, according to Bloomberg News. The Indianapolis-based drugmaker, which employs more than 38,000 workers worldwide, is reducing expenses and counting on emerging markets, animal health products and experimental diabetes drugs to revive growth as it loses revenue from top products to generic competitors. Cymbalta, a depression pill that at $5 billion a year is the drugmaker’s biggest seller, loses U.S. patent protection in December. That development, as well as the 2014 expiration of patents on the osteoporosis drug Evista, will slash Lilly’s revenue 20 percent, the company said.
Indianapolis-based ApeX Therapeutics, a cancer drug discovery firm, received a $240,332 grant from the National Cancer Institute at the National Institutes of Health via the Small Business Innovation Research program. ApeX, which uses technology licensed from Indiana University, will use the grant to develop an oral or injectable medicine to treat leukemia and other tumors in children. ApeX previously received funding from Indiana University's Innovate Indiana Fund and Indianapolis-based Pearl Street Venture Fund.
Indianapolis-based Elevate Ventures invested $50,000 in Evansville-based Curvo Labs LLC, which has developed a data platform to help hospitals, surgery centers and medical device companies share information. Curvo uses supply purchase histories and surgeon preference data from hospital and surgery centers to identify business opportunities for medical device companies. It also helps hospital administrators drive down their costs of purchasing medical devices. Elevate Ventures is a private organization charged with investing funds provided by the state of Indiana.