Indianapolis schools encounter more ISTEP glitches
Indianapolis students trying to complete standardized tests that already have been delayed by technical issues have encountered more problems.
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Indiana device makers absorbing Obamacare excise tax
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.
Area homes sell at faster clip
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.
State warns of home scammers
Indiana Secretary of State Connie Lawson is warning potential home buyers that scammers are using authentications from her office to create the illusion they own vacant property and trick Indiana residents into fraudulent real estate deals. The scammers identify abandoned homes and then create documents that are notarized and carry the state’s gold seal. Lawson said most of the cases target Hispanics with language barriers.
Company news
In a case that could have affected Dow AgroSciences LLC and companies developing biotech drugs, the U.S. Supreme Court sustained St. Louis-based Monsanto Co.'s claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed killer. The justices, in a unanimous vote Monday, rejected farmer Vernon Hugh Bowman’s argument that cheap soybeans he bought from a grain elevator are not covered by the Monsanto patents, even though most of them also were genetically modified to resist the company's Roundup herbicide. Justice Elena Kagan said a farmer who buys patented seeds must have the patent holder's permission. Monsanto has a policy to protect its investment in seed development that prohibits farmers from saving or reusing the seeds once the crop is grown. Farmers must buy new seeds every year. The case had been closely watched by researchers and businesses holding patents on DNA molecules, nanotechnologies and other self-replicating technologies. But Kagan said the court's holding only "addresses the situation before us."
Warner Transitional Services LLC, a 10-month-old company that provides services to adults with developmental disabilities, plans to cease operations this summer, putting 112 employees out of work. The Indianapolis-based firm plans to terminate employment for 102 of its employees on June 7. The other 10 will remain with the company for less than another month to help wind down operations. Warner relies on funds from the Indiana Family and Social Administration, but FSSA recently decided to end that funding after numerous complaints against the company went unresolved. More than half of the employees affected are direct care professionals, a title usually held by nursing assistants or personal care aides. Warner is a subsidiary of Oconomowoc, Wis.-based Oconomowoc Residential Programs Inc., which operates several therapeutic, residential and in-home services businesses in the Midwest.
John Lechleiter temporarily relinquished the reins of Eli Lilly and Co. on Monday while he undergoes and recovers from cardiovascular surgery. Derica Rice, Lilly’s chief financial officer, will become acting CEO in Lechleiter’s absence. And Ellen Marram, lead independent director on Lilly’s board of directors, will be acting chairman. Lechleiter, 59, has been suffering from a dilated aorta, which is a swelling that can cause a rupture and bleeding in the main artery that carries blood from the heart. The company said the problem was discovered during unrelated testing and has not produced visible symptoms. Lechleiter will undergo a procedure in Indianapolis in which a portion of his aorta will be removed and replaced with a graft, said Lilly spokesman Ed Sagebiel. He will be recuperating for months, but is expected to return to the company “later this summer,” depending on the pace of his recovery. Rice, 48, has been Lilly’s CFO since 2006 and executive vice president of global services since 2010. He is the highest-ranking African-American executive at Lilly.
Former WellPoint Inc. CEO Angela Braly has been named by Gov. Mike Pence to serve as a board member of the Indiana Economic Development Corp. The appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the Indianapolis-based health insurer in August. Braly’s tenure leading WellPoint was rocky, in part because WellPoint was painted by President Obama’s administration as the poster child of health insurance abuses during the lengthy debate of the president’s health reform law. Financial and operational missteps ultimately led investors to demand Braly’s ouster last summer. In February, WellPoint hired Joe Swedish, a longtime hospital executive, to replace Braly. WellPoint is Indiana's largest public company, ranking No. 47 on the new Fortune 500 list.
Street still closed after pipeline leak
Work continued Monday to clean up a diesel fuel leak in Indianapolis that has kept 56th Street near Guion Road closed for five days. Officials say more than 20,000 gallons of fuel leaked from the damaged pipeline owned by Marathon Petroleum Corp. A 20-foot section of the pipe has been replaced. Crews had hoped to reopen the road on Monday, but now say it will be closed until at least Tuesday.
Foes organizing against central Indiana wind farm plans
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.
People
R. Graham Cooks, a professor of chemistry at Purdue University, has been awarded the biennial Dreyfus Prize for advancements in mass spectrometry. Cooks will receive $250,000 and a medal. Cooks created a new way to analyze chemicals in their natural environment, without having to put them in a vacuum tube. The technique allowed for chemical analysis of fingerprints at crime scenes, and was incorporated into the storyline of an episode of the TV show "CSI: Miami" in 2008.
Julie Lappas has joined Hall Render Killian Heath & Lyman’s Indianapolis office, helping health care providers comply with federal and state anti-kickback, privacy and licensure laws. Lappas previously worked as a sales representative at Eli Lilly and Co., before earning her law degree at The George Washington University Law School. She also holds a bachelor’s from Indiana University.
First Merchants’ deal to make it state’s second-biggest bank
The acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100 offices.
Study rebuts hospitals’ argument on Medicare, rising costs
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.
New north-side IndyGo route starts in June
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.
PANEL: Life sciences will see radically different future
IBJ convened a panel of experts at its Life Sciences Power Breakfast on May 10 to talk about the industry issues of venture capital, digital health innovations and research university entrepreneurship.
Panel members included Kristin Eilenberg, CEO, Lodestone Logic, Infuse Accelerator; Philip S. Low, Purdue University professor of chemistry, founder and chief science officer at Endocyte Inc. and On Target Laboratories LLC; R. Matthew Neff, president, CHV Capital Inc.; Brian Stemme, project director; BioCrossroads; Brian S. Williams, director, Global Healthcare Strategy, PricewaterhouseCoopers International Ltd.; and Raul Zaveleta, CEO, Indigo BioSystems Inc.
The following is an unedited transcript of the discussion.
High court rules against Indiana farmer in patent case
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.
Ball State president among nation’s highest paid
BSU’s Jo Ann Gora was the fifth-highest-paid public college president in the United States during the 2011-12 academic year, according to a new survey released Monday.
King David selling beer; South of Chicago expanding
The downtown hot dog joint has begun offering Sun King brews and has expanded its hours, while South of Chicago on Virginia Avenue is looking to take its deep dish pizza to Hamilton County.
UPDATE: Brizzi lieutenant agrees to guilty plea in bribery case
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.
You-review-it Monday
So did you get down on the Cultural Trail? Catch “4000 Miles” at the Phoenix or the last weekend of “A Midsummer Night’s Dream” at the IRT? Find “The Great Gatsby” great or not-so-great?
Indiana schools seeing more success with tax hikes
Indiana school districts that won voters' approval last week for the majority of the tax increases they had sought to boost school funding may be becoming more skilled at selling the public on the need for those tax hikes.
Pence signs measure overhauling Marion County government
Indiana Gov. Mike Pence on Saturday signed a bill into law that reshapes Marion County government through the elimination of four at-large City-County Council seats and other changes.
‘Pause’ on Common Core leaves teachers in limbo
Lawmakers voted last month to delay full implementation of the academic standards to allow time to study the potential costs of implementing or abandoning the standards and hold public meetings.