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Union says right-to-work law violates free speech
Union attorneys are using a U.S. Supreme Court ruling that gave corporations and unions the green light to spend unlimited sums of cash on campaign ads as part of a legal effort to overturn Indiana's new right-to-work law.
Lilly wins FDA approval for Alzheimer’s imaging agent
The agent, called Amyvid, is not expected to produce high-dollar sales for Lilly, but it could help to identify patients with Alzheimer’s—and those without it—earlier, perhaps improving treatment and focusing research efforts.
University of Indianapolis selects new president
Georgetown University Associate Provost and Dean Robert L. Manuel will become president of the University of Indianapolis in July, succeeding Beverley J. Pitts, who is retiring after seven years at the school.
Political, legal fights emerge over school vouchers
For all the arguments in favor of school vouchers, there are opponents who say vouchers erode public schools by taking away money, violate the separation of church and state by giving public dollars to religious-based private schools, and aren't a proven way to improve test scores.
Lugar, Mourdock prepare for lone debate in Senate race
Until now, Indiana's Senate Republican primary race between longtime U.S. Sen. Richard Lugar and Indiana Treasurer Richard Mourdock has been dominated by television ads, millions of campaign phone calls and foment among Indiana's strong base of conservative voters:
Merger of pollution boards worries enviros, chamber
A new state law that merges three longtime rule-making boards into a single panel is stoking concerns among business and environmental groups about what the shift could eventually mean for Indiana's environmental regulations.
People
Amelia Clark has been named vice president of community health at Meridian Health Services, a Muncie-based chain of primary and behavioral health care providers. She was executive director for the Jane Pauley Community Health Center in Indianapolis, which is part of Indianapolis-based hospital system Community Health Network. Clark holds a bachelor’s degree from IUPUI and a master’s degree from the Indiana University Center on Philanthropy.
West Lafayette-based Bioanalytical Systems Inc. did not renew the contract of Chief Financial Officer Michael Cox, instead replacing him with Jacqueline Lemke. Cox, who had been Bioanalytical’s CFO since 2007, will receive severance equal to his annual salary of $165,000, plus the value of his unused vacation days. Lemke, 49, previously served as Global CFO of Pendleton-based Remy International Inc. Prior to that, she was the finance chief of a division of Illinois-based Motorola Inc.
Company news
Warsaw-based Biomet Inc. has offered to buy the trauma products business of DePuy Orthopaedics Inc. for $280 million in cash. DePuy, a unit of New Jersey-based Johnson & Johnson since 1998, also is based in Warsaw. Biomet, which designs and manufactures orthopedic products for surgical and non-surgical uses, said the deal would greatly expand its sports, extremities and trauma business. DePuy makes artificial joints and other orthopedic devices. J&J is attempting to spin off DePuy’s trauma products business as it seeks to finalize its planned $21.3 billion acquisition of Swiss medical device maker Synthes Inc. The European Commission opened an expanded probe last November of J&J's bid to buy Synthes in a deal that would make J&J the leader in the $5.5 billion trauma device market. The Brussels-based regulator is expected to rule on the acquisition by April 26. Biomet’s offer to DePuy expires June 1 but could be extended under certain circumstances.
Carmel-based CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper licensing. Bankers Life sells a mix of life insurance, annuities and Medicare supplement policies to middle-income earners near or in retirement. It has 1.3 million policyholders across the U.S. and 5,600 agents in 250 U.S. locations. CNO Financial will take a $10 million first-quarter charge related to the settlement, which calls for CNO to make payments to the states of Maine, New Hampshire, Vermont and Missouri and also cover "certain costs of the investigation." An audit revealed Bankers Life was operating in some states where it was not licensed by affiliating with licensed brokers and then steering customers into its annuity products, Maine's Office of Securities said in a statement to Reuters. CNO agreed to surrender the license for its broker-dealer subsidiary, BLC Financial Services Inc, to both the SEC and regulators in Illinois, where it is based. Financial advisers working for independent broker dealers will continue to sell Bankers Life products in the settlement states.
Nyhart, an actuarial and benefits consulting firm, has opened an office in St. Louis, its third expansion in 15 months. In 2011, Nyhart merged with an Atlanta public pension firm and prior to that acquired a business group in Kansas City, Mo. Nyhart has more than 1,000 clients in 48 states, managing $14 billion in pension plan assets. Heath Merlak, an actuary at Nyhart, will head up the new office.
Arizona-based Synergy HomeCare has established a new franchise in Indianapolis. Owners George and Denise Wright will provide 24-hour non-medical care to residents in Indianapolis, Carmel and Fishers. The company typically serves the elderly, those who are recovering from significant surgery and sickness, and new mothers. The new franchise has 10 caregivers but hopes to expand to 25. Synergy HomeCare now has 138 franchises in 37 states.
High gas prices leading to lower demand for ethanol
Waning demand for gasoline is putting the United States on course to miss a target for ethanol use for the first time, signaling no let-up in the slide in prices.
Man surrenders after standoff
A man suspected of firing shots at the pastor of an east-side church surrendered to police after more than four hours of negotiations Thursday. Calvin Griffin, 19, will face charges of criminal recklessness and possession of a handgun without a license. Griffin, grandson of First Christian Missionary Church Pastor Damon Roach, allegedly shot at the pastor after being confronted about thefts from the church. Weapons teams were called to the church in the 6100 block of East 38th Street at about 3 p.m. and didn't leave until after 8 p.m.
Stalled recovery? Gas prices, optimism on collision course
Nearly two-thirds of Hoosier business owners in a new survey said they are optimistic or moderately optimistic about the Indiana economy over the next six months. But high gas prices may dampen the enthusiasm.
Fire damages apartment complex
A fire damaged eight apartment units Thursday on the west side of Indianapolis. Two residents suffered minor injuries in the blaze at Auburn Hill Apartments, near 10th Street and Lynhurst Drive. Firefighters from Wayne Township, Speedway and Indianapolis battled the fire from about 8 p.m. to 8:30 p.m.
Men injured in bar gunfight
Two men were taken to a hospital with gunshot wounds following a bar fight on the west side of Indianapolis early Friday morning. The shootings occurred just after 2:30 a.m. at Claude and Annie’s on Pike Plaza Road. Police said they do not know what started the fight, but believe the men knew each other. One was hit in the arm and the other sustained a wound to the shoulder.
Public tours planned for Indianapolis catacombs
Public tours are expected start this summer of catacombs dating to the 1880s underneath City Market in downtown Indianapolis.
U.S. unemployment rate dips, but job growth slows
The job market slowed in March as companies hit the brakes on hiring amid uncertainty about the economy's growth prospects. The unemployment rate fell slightly, but mostly because more Americans stopped looking for work.
Daniels reputation on line with Indiana’s $205M tax error
Gov. Mitch Daniels has built a national image as a persnickety fiscal manager with an eye for detail, but two massive accounting errors that have tilted Indiana's books by more than half-a-billion dollars threaten to tarnish that reputation as the popular Republican prepares to leave office.
Komen grant recipients cope with controversy they didn’t create
Local health care providers won’t find an easy replacement for the grant money supplied by Susan G. Komen for the Cure. That money could be in jeopardy, as grass-roots Komen supporters appear to be sitting out of this year’s Race for the Cure in response to a national controversy over grants to Planned Parenthood.
Private schools raking in cash thanks to 2011 reform law
A generally overlooked part of the 2011 education reform package makes it clear donors to private schools can target their gifts to specific schools, a move that seems to have unleashed the tax credit’s full potential by helping private schools line up more donations.