Indiana escapes Best Buy’s closure plans
Indiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.
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Poison pills remain as Lilly shareholder vote falls short
The proposal garnered support from the owners of 62 percent of Eli Lilly’s outstanding shares. To pass, the proposal needed approval from the owners of 80 percent of Lilly’s shares.
People
Indiana University Health named Mona Euler vice president of IU Health Neuroscience. She will oversee the development of the neuroscience center the hospital system is building across the street from its Methodist Hospital, along with Dr. Nicholas Barbaro, the center’s medical director. Euler holds a nursing degree from Ball State University and a master’s from Indiana Wesleyan University.
Dr. Justin Miller, a spine surgeon, will open a location for Indianapolis-based Indiana Spine Group at the Hendricks Regional Health hospital in Danville. Miller, a native of Indianapolis, holds degrees from Manchester College and the Indiana University School of Medicine.
Q&A
Sam Gibbs is president of eHealth Government Solutions, part of California-based eHealthInsurance Services Inc. The company, founded in 1997, pioneered the sale of health insurance over the Internet. Gibbs spoke about the options for public and private health insurance exchanges, including the state-based exchanges mandated by the Patient Protection and Affordable Care Act.
Endocyte could get $1B from Merck development deal
Endocyte Inc. stock more than doubled in premarket trading after the company entered into an agreement to develop its ovarian cancer treatment with pharmaceutical giant Merck & Co.
Is health care bubble about to burst?
Citigroup economist writes that U.S. health care sector "reminds us somewhat ominously of the bubble in housing finance" because public spending is fueling private profits.
Shaheen resigns after NCAA picks outsider for post
The Indianapolis native had been in charge of the NCAA’s marquee event, the men’s basketball tournament, for the past 12 years.
$526M in state tax foulups spur questions about oversight
In both rounds of errors, computer programming related to the state's tax-return-processing system is being blamed.
BMV chief avoiding specialty-plates debate
A legislative committee is expected over the summer to review the policies under which some 100 schools and organizations have obtained the specialty plates that supporters can buy for their vehicles.
Advertising art to find home at historical society
The collection brings to light a bygone era in advertising when Block's and other big downtown department stores ruled the retail landscape and employed their own fashion illustrators.
Indiana Live to be renamed Indiana Grand Casino
The move is the latest fallout from the racino's legal tangle with Maryland-based Cordish Cos., which managed the venue from its opening in 2008 until 2010.
New statewide exam to test students’ critical thinking
The test will replace the ISTEP exam currently taken by Indiana students in grades 3 through 11 and end-of-course assessments taken at the end of algebra 1 and English 10 classes.
Indy is poster child (again) for medical arms race
Indianapolis was highlighted in a new national study because its hospitals have been particularly aggressive at expanding their geographic reach—raising concerns among health insurers and even hospitals themselves that new medical facilities and market power can only lead to higher prices.
Indiana Downs closing Evansville off-track site
An off-track, pari-mutuel betting parlor in Evansville owned by Indiana Downs is set to close as the central Indiana-based company that owns it remains in bankruptcy protection.
Renderings: New look for proposed Canal apartments
A proposal more than a year in the works for an apartment tower along the Central Canal could be nearing a groundbreaking.
Lakes of Carmel apartment complex sold
The 324-unit Lakes of Carmel apartment complex has been sold, a real estate broker involved in the sale announced Friday. Terms of the sale were not announced, but the property was previously sold in 2006 for $21.8 million.
Area homes sales rise for 11th straight month
Purchase agreements in the nine-county area increased 4.9 percent over March 2011. Existing home sales were up 13.3 percent in the first quarter of 2012 and have recorded year-over-year improvements for 11 straight months.
Ex-bank exec Alley to take over Indiana revenue office
Former Fifth Third Bank president Mike Alley will take over as the state’s revenue commissioner. He’ll replace John Eckart, who resigned last week amid controversy over misplaced local option income taxes.
Simon installing charging stations
Simon Property Group announced Thursday that it is installing electric-vehicle charging stations at 17 of its shopping centers in Indiana, including one at Hamilton Town Center. Automakers say 27 million electric vehicles could be on U.S. roads by 2020. Hamilton Town Center will offer free charges for the next two years. Other Simon properties plan to charge a fee.
Two robbery suspects nabbed
Two men were arrested Thursday in connection with a string of armed robberies on Wednesday and Thursday on the north side of Indianapolis. Jeffrey Tullis, 21, and Stanley Jackson, 20, are accused of at least four robberies. In each case, the suspects allegedly took personal items and wallets from victims at gunpoint. They were taken into custody after somebody reported a suspicious vehicle on the side of the road in the 2400 block of North Alabama Street. Police found the men in the vehicle and recovered two unlicensed handguns and items stolen from the victims.