Stonegate Mortgage acquires Florida firm
The Indianapolis-based mortgage company has entered the Florida market with its purchase of NattyMac LLC in St. Petersburg.
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Emmis pays $2.8M in employee bonuses after station sale
When Emmis Communications Corp. sold a Los Angeles radio station for $85 million last month, it was good news for every employee at the Indianapolis-based media company.
Symphony, musicians resuming labor negotiations
The two sides are set to resume negotiations at about noon Wednesday in an attempt to reach an agreement on a new contract. The previous agreement expired Sunday.
Strong Subaru sales might boost Indiana plant work
Subaru reported August sales up more than 35 percent from a year ago, joining other automakers in pushing U.S. sales to their highest level in three years. That could lead to increased production at its central Indiana factory.
Wal-Mart investor bribe-claim suits to be led by pensions
Pension funds from New York, California and Indiana have agreed to serve as co-lead plaintiffs in cases accusing Wal-Mart’s employees of bribing Mexican officials to help fuel the company’s growth in the country.
CNO stock hits 4-year high on recapitalization strategy
Carmel-based insurer CNO Financial Group Inc. said Tuesday that it is seeking $950 million of loans and bonds to repay debt and reduce borrowing costs.
St. Vincent adds Bloomington hospital to its fold
Indianapolis-based St. Vincent Health will manage operations at Monroe Hospital in Bloomington under an agreement announced on Tuesday. Monroe gives St. Vincent a line of hospitals stretching from Indianapolis to Bedford and even farther south to Salem and Evansville.
Daniels says he didn’t seek Purdue office upgrades
Indiana Gov. Mitch Daniels says he never asked Purdue University to spruce up the president's office before he takes over the university's helm in January.
Fumes sicken 13 workers at Indiana State Fairgrounds
A spokesman says more than a dozen people have been taken to hospitals after they were sickened by fumes from gas-fueled power-washing equipment while working at the Indiana State Fairgrounds.
Mayor lifts city’s water-use restrictions
Beginning Wednesday, city residents can water their lawns, wash their cars and fill swimming pools without facing fines. Fishers also lifted its conservation order, effective Saturday.
Company news
Franciscan Alliance, the hospital system based in Mishawaka, has established Franciscan Physician Network to unite the system’s growing number of employed doctors under one name. Franciscan Physician Network has more than 750 physicians at 260 practice locations. The rebranding changes the name of Franciscan’s 200 employed doctors in central Indiana, who went by the name St. Francis Medical Group. Franciscan Alliance operates three hospitals in central Indiana—in Indianapolis, Mooresville and now a short-stay hospital in Carmel. Other groups that are also part of the Franciscan Physician Network include Sigma Medical Group in West Central Indiana, the Woman’s Clinic, Lafayette OB/GYN and Premier Healthcare for Women in Lafayette, Athens Medical Group in Crawfordsville, and HealthPartners Medical Group, Medical Associates and Hammond Clinic in Northern Indiana.
An Indiana University study has found that what people studied in college had a direct effect on their chances of employment during the Great Recession. According to the Associated Press, people with degrees in health, education and biology/life sciences had the best chance of getting and holding a job from 2009 to 2010. Only one out of every 44 graduates in those fields found themselves unemployed, according to data analyzed by the Indiana Business Research Center at IU's Kelley School of Business. By contrast, one out of every 13 people with degrees in architecture, industrial arts, consumer services and engineering suffered unemployment in 2009 and 2010. The study used data from the Indiana Workforce Intelligence System to examine the employment history of 178,000 people living in Indiana who graduated from state public colleges and universities.
The Cancer Care Group in Indianapolis said a laptop computer bag containing private information on as many as 55,000 patients has been stolen. The bag was stolen from a Cancer Care Group employee's locked vehicle on July 19, the physician group said in a prepared statement. The Cancer Care Group, headquartered at 6100 W. 96th St., is one of the largest radiation oncology private physician practices in the country, with more than 20 oncologists. The bag also contained similar information about the group’s employees. The group said the bag has not been recovered, but there has been no evidence to suggest the information has been used. Patients and employees have been notified of the theft.
Family Physicians of Carmel, a three-doctor practice, has joined St. Vincent Medical Group. The new physicians joining St. Vincent are Dr. Daniel Crabb, Dr. Rhys Jones and Dr. Stephen Lang. Crabb and Lang earned their medical degrees from the Indiana University School of Medicine. Jones earned a degree from the University of Western Ontario Medical School of London in Ontario, Canada.
People
Dr. Amanda Beach, a pediatrician, has joined St. Vincent Medical Group in Carmel. She earned a bachelor’s degree from the University of Dayton in Ohio and her medical degree from the Loyola Stritch School of Medicine in Chicago. She completed her pediatric residency at Riley Hospital for Children at Indiana University Health.
The School of Science at IUPUI has hired Steve Pressé as an assistant professor of physics. Pressé recently completed a fellowship in biophysics at the University of California at San Francisco. Pressé earned a bachelor’s degree from McGill University in Canada and earned his doctorate in chemical physics at the Massachusetts Institute of Technology.
OrthoWorx, the Warsaw-based orthopedics business development group, named Sheryl Conley its next CEO, replacing David Floyd, who plans to return to a position in the orthopedic industry. Conley is a 25-year veteran of Warsaw-based Zimmer Holdings Inc., where she was most recently chief marketing officer. She earned a bachelor’s degree in biology and chemistry as well as a master’s in business administration from Ball State University.
Eli Lilly and Co. announced that Michael Harrington will become its general counsel on Jan. 1, replacing Bob Armitage, who will retire at the end of this year. Harrington is Lilly’s deputy general counsel, overseeing legal matters at Lilly’s five business units. He earned his law degree from Columbia University and joined Lilly in 1991. Armitage joined Lilly in 1999 as general patent counsel for Lilly Research Laboratories. He has been the company’s general counsel for the past decade.
Anesthesia Consultants of Indianapolis LLC added three new physicians in July. Dr. John Gripe and Dr. Evan Miller both did their medical training at the Indiana University School of Medicine. Dr. Lindsey Hansen earned her medical degree at St. George’s University School of Medicine.
Bounty on Braly? $1.4 billion
Investors who called strongly for the head of WellPoint Inc. CEO Angela Braly got what they wanted last week. In response, they bid up WellPoint's share price by $1.4 billion on the day after she resigned.
Rain delays Hot Rod Nationals
The National Hot Rod Association on Monday postponed the 58th annual Mac Tools U.S. Nationals in Indianapolis due to rain. The major racing event was rescheduled for Saturday and Sunday at Lucas Oil Raceway. The last time weather delayed the annual event was 2003.
Tree crushes local home
A large portion of a tree broke off its trunk Tuesday morning and fell atop a house in Indianapolis, nearly crushing the resident. Emergency officials said the 25-year-old woman who rents the home in the 7200 block of Fitch Avenue near 71st Street and Keystone Avenue was in bed at 4:35 a.m. when the fallen tree sent drywall flying onto her head. The house, valued at about $100,000, was called a total loss by fire officials.
PGA event tees off in Carmel
BMW Championship practice began Tuesday at Crooked Stick Golf Club in Carmel after rain washed away Monday’s scheduled events, including the Celebrity Shootout and Corporate Cup. The PGA’s top 70 players, including Tiger Woods, Rory McIroy and Phil Mickelson, are participating in the tournament. Actual competition begins Thursday. About $2.5 million in tickets have already been sold, event organizers said.
Two more clinical trials go against Lilly
In the midst of Eli Lilly and Co.’s surprisingly positive news about its experimental Alzheimer’s drug, the company suffered two other setbacks with former stars of its pipeline.
Emmis vote strips preferred shareholders of dividends
The Tuesday vote by shareholders to wipe out $34 million in unpaid dividends to preferred shareholders follows a judge’s Friday decision to deny a request by the preferred shareholders to prevent a vote on the proposal.
Zoo breaks ground on $21M orangutan exhibit
Indianapolis Zoo officials are hoping to finish strong on the organization's largest fundraising effort since the zoo moved to White River State Park in 1988.
Indiana voucher program sees growing enrollment
School voucher advocates are pushing to get as many Indiana children as possible into the state's burgeoning program that helps pay private school tuition. The application deadline is Friday.