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Hurco acquires Italian machine-tool component business

July 2, 2013

Hurco, which designs and produces interactive computer controls, software and computerized machine tools, does most of its business in Europe.

State created office to ‘spotlight’ small business

July 2, 2013

The creation of a new state agency for small businesses was about the message more than anything. Existing services and operations will experience little change at the Office of Small Business and Entrepreneurship, which Gov. Mike Pence announced last week. However, a new ombudsperson will market Indiana’s small business niche. “This will be a spotlight […]

Cook Group looking forward to next 50 years

July 2, 2013

For leaders of a company looking back on 50 years of existence, Cook Group President Kem Hawkins and Chairman Steve Ferguson spend a lot of time talking about the future.

Pence picks charter school chief as top education aide

July 2, 2013

The governor's office says Pence's appointment of Claire Fiddian-Green as his special assistant for education innovation and reform is effective July 15.

Most Indiana businesses adhere to smoking ban

July 2, 2013

State Excise Police say just 108 of the 300,000 Indiana businesses covered by the law have been cited for violating the law, which took effect in July 2012.

Miami man pleads guilty to $90M Lilly drug heist

July 2, 2013

Thieves broke into the Connecticut warehouse of Indianapolis-based Eli Lilly and Co. in 2010 by scaling an exterior wall and cutting a hole in the roof. They lowered themselves to the floor and disabled alarms before using a forklift to load pallets of drugs into a getaway vehicle.

Actor who played ghoulish TV host Sammy Terry dies

July 2, 2013

Bob Carter’s Sammy Terry character was a fixture of Indianapolis television from 1962 to 1989, beginning each episode of "Nightmare Theater" on WTTV-TV by climbing out of a coffin with a trademark fiendish chuckle, wearing a blood-red cape and skullcap, and green makeup on his face.

BP settles class-action suit over tainted gasoline

July 1, 2013

The oil giant has agreed to a $7 million settlement related to a recall of about 4.7 million gallons of tainted gasoline in four Midwestern states, including Indiana.

Computer glitch leaks personal info of state welfare clients

July 1, 2013

Indiana officials say the personal data of welfare clients has been shared with others in a security breach potentially affecting more than 187,000 people.

City proposes historic district for Monument Circle and nearby area

July 1, 2013

The Indianapolis Historic Preservation Commission is proposing to take under its jurisdiction 90 buildings on and near the Circle, giving the city stricter control over signage and other changes to building exteriors.

Big Red Liquors buys south-side building for HQ

July 1, 2013

The Bloomington-based company followed its acquisition of United Package Liquors by acquiring a vacant, 33,000-square-foot building on U.S. 31.

Taxi cab drivers file suit against Town of Speedway

July 1, 2013

Speedway police improperly seized the licenses of as many as 80 cab drivers on the day of this year’s Indianapolis 500, and later charged them $50 each for their return, according to a federal lawsuit filed against the town.

St. Vincent gives big execs the ax; current job cuts just ‘first pass’

July 1, 2013

The job cuts at St. Vincent Health last month were so extensive that even two of the hospital system’s C-suite executives got the ax. And one local hospital accountant predicts these cuts are just the first pass that St. Vincent—and all of its hospital peers—will have to make.

People

July 1, 2013

Dr. Nicole Bedore, an obstetrician and gynecologist, has joined St. Vincent Women’s Services in Westfield. She earned a bachelor’s in biomedical sciences and women’s studies from Western Michigan University; and a medical degree from Michigan State University. Bedore is also part of the physician practice Obstetrics & Gynecology of Indiana PC.

Company news

July 1, 2013

The federal government is set to decide this month whether the federal Medicare program should pay for a $3,000 test that for the first time accurately identifies the signature brain plaques of Alzheimer’s disease, according to Bloomberg News. The test, approved last year by U.S. regulators, uses Eli Lilly and Co.’s Amyvid imaging agent to trace the brain protein amyloid. Alzheimer’s disease affects 5 million Americans, a number that patient advocates say could double by 2050. But the test is controversial because there are no available treatments that even slow the progression of Alzheimer’s disease. A final decision from the federal Centers for Medicare & Medicaid Services will come July 9. While a negative decision would limit use of the tests, approval would probably lead to coverage from private health insurers, too.

Nyhart Actuary & Employee Benefits plans to expand its Indianapolis headquarters and create as many as 25 jobs here by 2017. The firm will invest $840,000 to lease and equip an additional 8,000 square feet of office space, according to Nyhart CEO Thomas Toten. Nyhart currently is negotiating an expansion of the 20,000 square feet it leases at 8415 Allison Pointe Blvd. in the Castleton area. Nyhart currently has 68 full-time employees in Indianapolis and about another 30 across five other states. The firm already has started hiring additional actuaries, administrators and benefit consultants from college programs for its Indianapolis expansion. Founded in 1943, Nyhart provides consulting services to more than 1,000 public and private companies in 48 states on issues such as pensions, retirement benefits, compensation and other employee benefits. Nyhart has been in growth mode lately. In August, Nyhart acquired San Diego-based The Epler Co., a regional actuarial, employee benefits and compensation strategies firm.

Lilly Endowment Inc. will give $10 million to help start the Indiana Biosciences Institute. The institute is already due to receive $25 million in startup funds from the state. The institute aims to attract 100 new scientists to Indiana to conduct research and development work aimed at launching new therapies for metabolic diseases. The effort has been spearheaded by BioCrossroads, an Indianapolis-based life sciences organization, and has received significant support from Gov. Mike Pence and John Lechleiter, the CEO of Eli Lilly and Co. The institute needs to raise $15 million over the next year or so to fully fund its startup efforts. Beyond that, the institute hopes to raise an endowment of $310 million to help fund its operations. It also hopes its researchers attract steady grants from life sciences research companies, such as Indianapolis-based Lilly and Bloomington-based Cook Group Inc.

Eli Lilly and Co. won a United Kingdom patent lawsuit against a Johnson & Johnson unit over a potential treatment for Alzheimer’s disease, according to Bloomberg News. A patent held by J&J’s Janssen Alzheimer Immunotherapy Research & Development unit isn’t valid, Judge Richard Arnold said in a ruling in London on June 25. Both companies are developing treatments targeting the buildup of plaque in patients’ brains that’s linked to the condition. Companies developing the first treatments for Alzheimer’s are competing for what might be a $20 billion market, according to a report last year by Deutsche Bank AG analysts.

The head of the state Family and Social Services Administration said the federal government is expected to approve an extension of the Healthy Indiana Plan, but a request to use the plan for an Indiana Medicaid expansion could take much longer. According to the Associated Press, FSSA Secretary Debra Minott said Gov. Mike Pence directed her and others to ensure those already enrolled in HIP are secure before negotiating an expansion through the program. Roughly 40,000 low-income residents are enrolled in the program, which operates under a federal waiver. But the waiver is set to expire at the end of the year, potentially leaving enrollees without coverage. Pence resubmitted an application with the Centers for Medicare and Medicaid Services in April seeking to use the state's hybrid health savings account plan as the vehicle for Medicaid expansion. CMS rejected an earlier request from former Gov. Mitch Daniels, citing concerns about the premium paid by members and a need for improved coverage. The expansion would cover residents earning up to 138 percent of the federal poverty level, using new funds authorized by Obamacare.

Large hog farm gets approval near Camp Tecumseh

July 1, 2013

A northern Indiana county has approved plans for a 9,200-hog farm near a youth camp whose leaders worry the farm's odors will affect life at the popular camp.

Cab company offers reward after holdup

July 1, 2013

Indianapolis Yellow Cab is offering a $5,000 reward leading to the arrest of three men who robbed a taxi driver at gunpoint late Sunday night. Police say the 33-year-old cab driver answered a call near West 12th Street and North Pershing Avenue at about 10:30 p.m. and was held up by the men, including one who put a silver handgun against his head. The suspects got away with $12 in cash and the driver’s keys and wallet.
 

Gunmen escape police after robbery

July 1, 2013

Two men escaped on foot after robbing an apartment near Lawrence at gunpoint Monday morning and leading police on a short vehicle chase. The suspects left the apartment in the 4300 block of Aristocrat Way just after midnight in a stolen car with nearly $2,200 in items, including two flat-screen TVs, two cellular phones and an Xbox 360. Police attempted a traffic stop, and the suspects crashed into a fence before running to a nearby apartment complex where they lost their pursuers.
 

Physician pay: What goes up must come down

July 1, 2013

Compensation in the most common physician specialties has been growing much faster than inflation for the past five years. Now, financially squeezed hospitals are set to reverse that trend.

New state laws go into effect

July 1, 2013

Dozens of new state laws went into effect Monday morning, including several measures affecting education and transportation. Among them are an anti-bullying measure and a law making it easier for Indiana drivers to show proof of insurance. All the new laws can be seen here.
 

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