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Pedcor moving ahead with $13M Central State apartments
The Retreat on Washington would be the developer’s second project at the former psychiatric hospital campus on Indianapolis’ west side.
Appeals court upholds Marsh’s $18.2M award from Roche
The Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
Carmel financial adviser accused of using faith to prey on victims
A central Indiana man banned from selling investments faces 10 securities fraud counts for allegedly using shared Christian beliefs to dupe clients out of more than $580,000.
Fox59 news chief to depart for San Francisco station
Over his four-year tenure, Lee Rosenthal helped WXIN-TV Channel 59 more than double the airtime it devotes to news.
WTHR hires former producer as news director
The NBC affiliate in Indianapolis said Monday it has hired Kathy Hostetter, currently news director at WAVE-TV Channel 3 in Louisville, to fill a news director post that has been vacant since January.
Communications firm plans 100-plus area layoffs
Fort Wayne-based communications firm Briljent LLC plans to lay off between 100 and 130 employees at its Indianapolis office after losing a large federal contract with the Centers for Medicare & Medicaid.
People
Myra Fouts has been named vice president of oncology services for the Community Health Network hospital system. Fouts most recently served as principal for AOC Oncology in Los Angeles. Fouts holds a bachelor's in nursing and a master's in nursing administration from the University of Missouri.
Company news
Johnson & Johnson won approval for the first in a new family of diabetes drugs, giving the New Jersey-based drugmaker an edge over Eli Lilly and Co. and other rivals developing similar medicines. On Friday, the U.S. Food and Drug Administration cleared the drug, known as canagliflozin, to treat adults with Type 2 diabetes. It will be sold under the brand name Invokana and may generate as much as $800 million in annual sales, Tony Butler, an analyst at Barclays Plc in New York, told Bloomberg News. The drug is part of a class called SGLT2 inhibitors, which expel sugar in the urine after the kidneys filter it out of the blood. Similar drugs are being developed by Indianapolis-based Lilly, Boehringer Ingelheim GmbH, Bristol-Myers Squibb Co. and AstraZeneca plc.
Medical claims will rise more than 67 percent—the third-highest rate in the nation—for Indiana residents buying individual health insurance policies under President Barack Obama's health care overhaul, according to a study by the Society of Actuaries. The projected increase is partly due to sicker people joining the insurance pool. The study says most states will see increases, and assumes every state will expand its Medicaid program, but that's uncertain in Indiana. The Obama administration says the study ignores subsidies to help with premiums. Middle-class households can buy subsidized insurance in new marketplaces Oct. 1. The report doesn't cover employer plans.
Dow AgroSciences LLC will formally open a 175,000-square-foot building on April 10, which will be home to 200 researchers working on plant biotechnology. Dow AgroSciences first announced the $340 million expansion in March 2010, saying it would lead to an additional 577 high-paying jobs over the following five years. The company, which is a subsidiary of Michigan-based Dow Chemical Co., said most of the positions would pay $65,000 to $95,000 annually. Dow AgroSciences had sales last year of $6.4 billion, and produced earnings before taxes, interest, depreciation and amortization of $977 million.
House pursues ‘Arkansas model’ on health coverage
Indiana could expand health insurance coverage for low-income Hoosiers entirely through private health insurance plans under an amendment adopted by a House committee on Monday. The change was immediately criticized by the Pence administration.
More ‘Michigan lefts’ slated for Fishers
Fishers officials will open two new median U-turns—otherwise known as “Michigan lefts”—at 7 p.m. Monday at the intersection of 96th Street and Allisonville Road. The two new maneuvers will affect drivers traveling west on 96th Street who want to go south on Allisonville, and drivers traveling north on Allisonville who want to go west on 96th Street. Monday’s dual debut will complete the second phase of a revamp to the traffic flow at the busy intersection. The final phase and pavement work are expected to be complete in late May.
Missing mother found dead in school lot
Detectives are investigating the death of Kanette Jackson, an Avon mother of four who had been missing since the middle of last week. Her body was found Saturday in a car parked in a lot outside Cardinal Elementary School in Brownsburg, according to Avon police. There were no signs of foul play, they said, but autopsy results still were pending.
Two-car crash kills elderly driver
A Greenwood woman died following a two-car crash in Morgan County Sunday night. Helen M. Sutton, 94, was driving east on Big Bend Road and failed to yield to southbound traffic at its intersection with State Road 37, according to Indiana State Police. A vehicle driven by Caitlyn Hinshaw, 21, of Middleton struck Sutton’s vehicle on the side. Emergency crews responded to the crash at about 7:30 p.m. Sutton suffered fatal injuries in the crash, which blocked State Road 37 for about two hours.
Whitsett bids to redevelop Star headquarters
One of the city’s most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters to redevelop the property into apartments or condominiums.
Sherry Labs snapped up by Netherlands corporation
The materials-testing business with nearly 300 employees has been acquired by Element Materials Technology. Sherry had been owned by a group of well-connected central Indiana businessmen.
Indiana’s health care transparency laws get failing grade
Indiana’s laws requiring hospitals to release price information are woefully inadequate, according to a report by two health insurance reform groups. Indiana was among 29 states to receive an "F" grade.
You-review-it Monday: Humana Fest, etc.
For me, the weekend meant a theatrical pilgrimage to the annual Humana Festival of New American Plays in Louisville. What did I miss back home in Indiana?
House panel OKs Medicaid expansion through HIP plan
An Indiana House panel has altered a plan that would use the state's Healthy Indiana Plan to expand Medicaid coverage in the state.
J&J wins OK for first in new class of diabetes drugs
Johnson & Johnson, the world’s largest seller of health-care products, won approval for the first in a new family of diabetes drugs, giving them the edge against rivals including Eli Lilly and Co. that are developing similar medicines.
Carbon Motors pulls equipment from Indiana plant
A company that had hoped to open a high-tech police car plant employing as many as 1,500 workers in eastern Indiana has cleared out its plant amid the resignation of a key official.