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On a seasonally adjusted basis, the pace of mortgage loan activity increased 5.3 percent for the week ended April 15, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.83 percent from 4.98 percent the previous week. The rate for 15-year mortgages decreased to 4.07 percent from 4.17 percent.
Stock Yards Bank bought the 2,990-square-foot former Cord Camera building at 6840 Lake Plaza Drive. The price wasn’t disclosed. The buyer was represented by Katie Sobotowski of Summit Realty Group. The seller, CCC Realty, was represented by Keith Fried of Sitehawk Retail Real Estate.
The bill with perhaps the best chance of emerging is the so-called dinosaur buildings bill, which would make it easier to win tax incentives for renovating obsolete industrial buildings.
A judge Monday ordered the head of the Indiana Recount Commission to appear before him this week to explain why the panel has not moved more quickly in considering whether Republican Secretary of State Charlie White was a valid candidate when he won election last fall.
A bill linking teacher pay with student performance has won final legislative approval and now heads to Indiana Gov. Mitch Daniels for his signature.
Bedford Regional Medical Center will receive a $46.8 million community facility direct loan from the U.S. Department of Agriculture to construct a new critical access hospital, according to an announcement from U.S. Sen. Dick Lugar’s office. Bedford Regional is owned by Indianapolis-based Indiana University Health, and is one of two hospitals in the southern Indiana town.
Indiana University Health ranked as the fourth-busiest transplant center in the nation, according to new data from the U.S. Organ Procurement and Transplantation Network. The Indianapolis-based hospital network performed 500 organ transplants last year, an uptick from 483 transplants in 2009. In three categories—intestine, pancreas and kidney-pancreas—IU Health ranked No. 1in the nation for volume of transplants. IU Health also ranked third in abdominal organ transplants, sixth in liver transplants, and ninth in kidney transplants. IU Health, formerly known as Clarian Health, has ranked as one of the nation’s top 10 busiest transplant centers since 2003.
A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass April 18 despite a large majority of shareholders voting to remove those barriers for the second straight year. At the drugmaker’s annual shareholders meeting at its Indianapolis headquarters, 84.7 percent of the votes cast called for removing several provisions designed to prevent a hostile takeover of the company. However, Lilly’s bylaws require approval from 80 percent of all shares—whether voted or not—before removing the provisions. By that standard, only 72.6 percent of shares were voted in favor of removal. The vote tallies were nearly identical to those at last year’s meeting. For the past 25 years, Lilly has required the approval of 80 percent of the shareholders not only to approve hostile takeovers, but also to enact measures used to achieve them, such as removing directors before their terms end or expanding the size of the board. If the proposal had passed, such measures could have been approved by a bare majority of shareholders.
Community Hospital South has hired Dr. Sheryl King as director of inpatient pediatrics. She holds a medical degree from the Indiana University School of Medicine. King practiced in Bloomington for 12 years before moving her practice to Johnson County in 2007.
Community South Hospital named Cheri Pfahler, a registered respiratory therapist, as its neonatal and pediatric cardiopulmonary manager. She comes to Community after serving as clinical coordinator of respiratory care for women’s and children’s services at Franciscan St. Francis Health.
Community Health Network named Jessie Westlund, a registered nurse, its chief integration officer. Westlund has previously been CEO of Community’s home health services unit.
Community Health Network also named Tom Malasto as chief operating officer of its three Indianapolis hospitals: Community North and the Indiana Heart Hospital in Castleton, Community East and Community South, along the county line between Marion and Johnson counties. Malasto has previously been CEO of the Indiana Heart Hospital.
Victor Esan has accepted the position of chief practice officer of IU Health Ball Memorial Hospital, where he will work to form and grow physician partnerships in and around Muncie. Esan previously worked at Howard Regional Health System in Kokomo. He earned master's degrees in public management and business administration from Indiana University Kokomo.
India J. Taylor Owens, a registered nurse, has been selected as director of emergency services at Franciscan St. Francis Health, overseeing the emergency departments at Franciscan’s Beech Grove, Indianapolis and Mooresville hospitals. Owens most recently served as director for emergency services at Indiana University Health West Medical Center in Avon.
WellPoint Inc. named Meg Rush vice president of consumer experience and e-marketing. Most recently, Rush served as vice president of product management and design for WebMD Health Services. Rush holds a bachelor's degree from St. John Fisher College in New York and a master's of management degree from Pennsylvania State University.
Adam Chavers has joined Indiana University Health as executive director of corporate real estate for the chain’s hospitals statewide. Before joining IU Health, Chavers served for seven years as Indianapolis-based Kite Realty Group Inc.’s vice president of acquisitions, dispositions and investor relations.
A recent rash of car fires has residents at a Broad Ripple apartment complex on edge. Shore Acres Apartments, near East 71st Street and Westfield Boulevard, has experienced six car fires since December, residents say, with three of those fires in just the past two weeks. The latest happened about 12:45 a.m. Monday. Police are asking for tips.
The body of a homeless man who was found in an alley in downtown Indianapolis last Thursday morning has been identified as Steve McGuire, 61. McGuire died of blunt force trauma, and police seek a group of teens spotted near the scene in connection with his death. The body was discovered in a loading-dock area of the Sheraton Indianapolis City Centre Hotel, just off Monument Circle. Family members say McGuire struggled with bipolar disorder.
Two children were critically injured in a fire Monday morning in a duplex on the east side of Indianapolis. The girls, a 4-year-old and 5-month-old, are in critical condition at Riley Hospital for Children. Their 28-year-old mother is in serious condition at Wishard Memorial Hospital. The mother was awakened by the fire about 3 a.m., but was unable to get to the children. Firefighters found the infant in her crib and the 4-year-old under her bed. Two men were found shot to death last week in the other half of the duplex.
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.
Indianapolis Motor Speedway landmarks and the cars of 13 open-wheel drivers are being featured in a game with 8 million nationwide players.
After a massive spike in traffic sparked by a Food Network show, owner Blair Laing must deal with food shortages, employee departures and long waits for patrons.
Detour: An American Grille, Cannoli Queen and a couple of new frozen yogurt spots lead off a crowded restaurant and retail roundup.
There are those who prefer ‘Godspell’ and those who prefer ‘Jesus Christ Superstar.’ Which are you?
Indiana lawmakers may have found a way to spur the consolidation of small school districts without jumping into the politically unpopular issue: Starve small districts of state funding to financially push them toward merger talks.
Republican House Speaker Brian Bosma says Indiana lawmakers are on track to finish their work on time as the legislative session draws to an end this week despite a five-week boycott by House Democrats.
Indiana taxpayers are paying about $300 million a year in nursing home costs despite a state law that would allow the state to save millions while keeping many elderly and disabled Hoosiers in their homes or with family members.
Colleagues say Bill Cook began each historic restoration contemplating what practical use each newly polished structure might serve, and how it might spark development around it.
Gregg said he plans to form an exploratory committee to raise money and test public sentiment but that he's prepared to seek his party's nomination.
