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2011 WOMAN OF INFLUENCE: Christine Altman

This Hamilton County commissioner is a leader in the drive to improve public transportation in central Indiana and promotes regional cooperation among the diverse communities of central Indiana.

Q&A

As an Eli Lilly and Co. lobbyist in Washington, D.C., Jay Bonitt is hoping the Congressional “super committee” charged with trimming the federal budget doesn’t turn to the Medicare prescription drug program, known as Part D, to do so. Bonitt, Lilly's vice president of federal affairs, said the program is under budget and helps spur drugmakers to further innovation.

Honda to cut U.S., Canada production by half

Parts shortages from three months of catastrophic flooding in Thailand have forced Honda to cut U.S. and Canadian factory production by 50 percent for the second time this year. Honda, which employs 2,000 in Greensburg, said it will not lay off any workers.

People

Mary Ann Conroy will become CEO of Terre Haute Regional Hospital, effective Dec. 1, according to the Tribune-Star of Terre Haute. She replaces Brian Bauer, who left earlier this year to head up Lutheran Hospital in Fort Wayne.  Conroy was most recently CEO of Englewood Community Hospital, a 100-bed facility in Florida owned by Tennessee-based hospital chain HCA.

Dr. Joan Chung and Dr. Brian McVay have joined Anesthesia Consultants of Indianapolis. Chung earned her medical degree at Yonsei University School of Medicine in Seoul, South Korea. McVay did his medical training at Michigan State University’s College of Osteopathic Medicine. Both Chung and McVay completed anesthesia residencies at the Indiana University School of Medicine this year.

Company news

What a difference a decade makes. Ten years ago, Eli Lilly and Co. stationed trucks filled with Xigris packages around the country, ready to rush supplies of the severe sepsis medicine to hospitals as soon as it won market approval from the U.S. Food and Drug Administration. With the company having lost patent protection on its bestseller Prozac earlier that year, Lilly was desperate to get a new drug on the market. And Xigris, perceived as a breakthrough in a completely unserved market, was thought to be the ticket. Analysts thought the drug would generate as much as $2 billion per year in sales. But last week, Lilly announced it would pull Xigris from the market after a new study showed the drug failed to reduce mortality in patients. In between, Xigris never lived up to its hype. The FDA approved it for a narrower use, limiting its sales. Xigris generated $104 million in revenue last year. In May, Lilly licensed U.S. marketing rights for Xigris to a start-up company, BioCritica Inc.

WellPoint Inc.’s challenge of rate-increase reductions by insurance regulators in Maine will soon reach that state’s highest court—and could have ramifications across the country, according to a report by Kaiser Health News and the Washington Post. WellPoint’s subsidiary, Anthem Health Plans of Maine, will argue Nov. 10 before the Maine Supreme Court that the premium rate increases approved by Maine regulators were "inadequate," because they reduced its built-in profit margin of 3 percent to zero in 2009, 0.5 percent in 2010 and 1 percent this year. If the court sides with WellPoint, the decision "has the potential to destabilize a key aspect of insurance regulation and will have far reaching effects impacting all states,” according to a brief filed in support of the Maine regulators by the National Association of Insurance Commissioners. And if WellPoint loses, it could encourage regulators in other states to make similarly aggressive rate reductions. WellPoint also sees national ramifications. The company is spreading the cost of the litigation to policyholders outside of Maine because the outcome could have "a big impact on the industry and not just Anthem," a company official testified during a hearing in April.

Purdue and Indiana universities will share a National Institutes of Health grant to launch a cancer advocacy network and for research on applying systems-engineering principles to cancer prevention and treatment. The $500,000 grant was awarded to Purdue and IU through their joint Indiana Clinical and Translational Sciences Institute project. As part of the project, Purdue and IU staff will identify and train recruiters to get more patients enrolled in clinical trials of new cancer treatments.

Third-quarter profit fell nearly 8 percent at WellPoint Inc. but exceeded expectations of Wall Street analysts. WellPoint earned $683.2 million or $1.90 per share. Excluding investment gains, the company would have earned $1.77 per share, 3 cents higher than in the third quarter last year. Analysts were expecting $1.68 per share, excluding investment gains, according to a survey by Thomson Reuters. WellPoint’s operating revenue in the quarter rose nearly 6 percent, to $15.16 billion, narrowly topping analysts’ forecast of $15.12 billion. The company pleased analysts by adding 169,000 new members to its insurance plan during the quarter.

Indianapolis-based Dow AgroSciences on Thursday reported record third-quarter sales of $1.2 billion, up 27 percent from the same period a year ago. Earnings before interest, taxes, depreciation and amortization were $75 million in the quarter ended Sept. 30, reversing a $12 million loss through greater volume and higher prices. Dow Agro is a unit of Midland, Mich.-based Dow Chemical Co.

Teacher pleads not guilty to rape

A Monrovia High School teacher accused of raping a 16-year-old student entered a not-guilty plea in court Monday morning. Daniel Goens, 45, was investigated after the student reported the alleged assault in September. Goens, who entered the courtroom in tears, is charged with rape, criminal deviate conduct, confinement and child seduction. He is being held on a $40,000 bond, but that could be lowered at a Tuesday hearing.

Suspects sought in armed home invasion

Speedway police said a man wearing a Halloween mask and as many as five other individuals were involved in an armed robbery and home invasion early Monday morning. Police said the group forced its way into an apartment about 1:30 a.m. in the 1700 block of Foyt Drive in Sanford Court, near High School Road and 21st Street. The suspects displayed several guns. Two people were home at the time of the incident. No injuries were reported. Police are talking to two people of interest.

Old National’s profit grows 41 percent

The Evansville-based financial services holding company reported third-quarter profit of $16.8 million. Earnings would have been even better without expenses related to its purchase of Integra Bank.

Guitar Center seeks abatement for new call center

The company plans to hire 246 employees to staff a call center on the northwest side of Indianapolis after announcing in August that it would close its call center in South Bend and move operations here.

Construction

-Holladay Construction Group LLC has finished a 15,672-square-foot build-out for Cascade Asset Management in the Mitchell Building, 5125 Decatur Blvd.

-Holladay Construction Group LLC has finished a 10,026-square-foot build-out for Goodwill Industries of Central Indiana in the Mitchell Building, 5125 Decatur Blvd.

People

Joe Gowland and Nick Geiger have joined Capitol Construction Services as assistant project managers.

Residential

The average rate for 30-year mortgages fell from 4.38 percent to 4.33 percent for the week ended Oct. 26, according to Bankrate.com. The rate for 15-year mortgages fell to 3.57 percent from 3.58 percent.

Leases/leasing contracts

-Lapmaster International LLC leased 24,562 square feet of industrial space at 9059 Technology Drive, Fishers. The landlord, Teddy and Julia Bates, were represented by Todd Vannatta and Bart Book of Cassidy Turley. The tenant represented itself.

-Keybank National Association leased 22,548 square feet of office space and 3,627 square feet of retail space at 10 W. Market St.. The tenant was represented by Mike Corr and Denice Michel of Jones Lang LaSalle. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Andrew Martin, Bennett Williams and Darrin Boyd of Cassidy Turley.

-The Tile Shop LLC leased 18,804 square feet at Greenwood Point, 8014-8080 S. U.S. 31. The tenant was represented by Bill Argall of Great Street Realty. The landlord, The Broadbent Co., represented itself.

-Today’s Furniture and Mattress leased 9,418 square feet at Greenwood Point, 8014-8080 S. U.S. 31. The tenant and landlord, The Broadbent Co., represented themselves.

-Family Dollar leased 8,400 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The tenant was represented by Atwater Group. The landlord, The Broadbent Co., represented itself.

-Royal United Financial Services LLC leased 8,369 square feet of office space at 7999 Knue Road. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Otis Elevator Co. leased 5,425 square feet of flex space at Corporate Center North II, Building 9, 6000-6488 Corporate Way. The tenant was represented by Tim Norton and Alex Cantu of Summit Realty Group. The landlord, Cal East Industrial, was represented by Russell Van Til, Bryan Poynter and Kyle Powell of Cassidy Turley.

-Gigi’s Playhouse and Learning Center leased 4,200 square feet at Washington Shoppes, 10009-10089 E. Washington St. The landlord, The Broadbent Co., was represented by Michael Sloan. The tenant represented itself.

-Advantage Technology Solutions LLC leased 3,600 square feet of industrial space at 8559 Zionsville Road. The tenant was represented by Harvey Levin of Coldwell Banker Commercial Realty Services. The landlord, BRE/US Industrial Properties LLC, was represented by Andrea Hooper of Summit Realty Group.

-Paycor Inc. leased 3,415 square feet of office space at 11611 N. Meridian St., Carmel. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller Realty Group.

-Daisy’s Alterations leased 1,546 square feet at Plainfield Village, 160 Plainfield Drive, Plainfield. The tenant and landlord, The Broadbent Co., represented themselves.

-Geist Market & Deli leased 1,200 square feet of retail space in Fall Creek Harbour Shoppes, 10122 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Sales/acquisitions

Masters Realty Group LLC bought a 7,000-square-foot office building at 5170 Commerce Circle. The price wasn’t disclosed. The buyer was represented by Tiffaney McClurg of RE/MAX Select. The seller, Cox Enterprises Inc., was represented by Keith Turnbill of RE/MAX Select Commercial Division.