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Woman dies in Madison County crash

April 11, 2011

A violent head-on collision in Madison County sent three people to area hospitals, including Barbara Sauri, 52, of Alexandria, who died from her injuries. The accident occurred about 7:30 p.m. Sunday on State Road 28 near Elwood. Police say a car driven by a 19-year-old male crossed the center line and slammed into a minivan. A dog was also killed in the crash.

 

Grocery prices surge in Indiana

April 11, 2011

Shoppers feeling pinched at the pump say their budgets are also taking a hit inside the grocery store. According to farming advocate Indiana Farm Bureau Inc., grocery prices are up about 4 percent from the last quarter of 2010. The bureau selects shoppers around the state to buy the same 16 items every quarter and report the prices. This quarter, 13 of the 16 items on the list increased in price. Deli sliced ham, shredded cheese, orange juice and ground beef topped the list of items that have gotten more costly.
 

I-70 accidents claim 2 lives

April 11, 2011

Two people lost their lives Monday morning in separate traffic accidents on Interstate 70 in Indianapolis. Indiana State Police shut down all eastbound lanes of the interstate about 3:15 a.m. after a car crashed into the median wall near the Keystone/Rural exit, killing a 34-year-old local woman. All lanes were reopened by 5 a.m. Another person was killed and at least four people injured about 9 a.m. on the west side of the city in a seven-car accident in the westbound lanes of I-70 near I-465.

 

In memory of John Austin Butsch

April 11, 2011

Horrifying crime takes the life of talented member of Indy arts community.

Plan shifts Indiana GOP areas to Donnelly’s district

April 11, 2011

The Senate Election Committee on Monday released proposed new district maps for Indiana's nine congressional and 50 state Senate districts.

Parties near deal for hospital tax

April 11, 2011

Officials from Indiana Medicaid and a hospital trade group are trying to craft a deal that would create a tax on hospitals that would help attract more federal funds for hospitals—thereby offsetting looming cuts in state payments.

Indiana lawmakers to consider big education proposals

April 11, 2011

A House committee is expected to consider Daniels' proposal for teacher merit pay on Monday, and a Senate committee could vote on the Republican governor's controversial plan for private school vouchers on Wednesday.

Retail REIT profits may slip on store bankruptcies

April 11, 2011

Retailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.

Portrait Homes parent files for bankruptcy

April 11, 2011

Chicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait Homes Indiana, which built hundreds of homes in the Indianapolis area.

Arcadia in danger of stock exchange delisting

April 11, 2011

The Indianapolis-based health care company’s stock, which trades on the NYSE Amex Equities exchange, has closed at an average price of less than 20 cents over a consecutive 30-day trading period, triggering the warning.

You-review-it Monday

April 11, 2011

What did you experience on the A&E front this weekend?

NIPSCO CEO gets pay raise after seeking rate hike

April 10, 2011

Utility says increase reflects executive’s broader responsibilities.

Indiana redistricting maps to be unveiled Monday

April 10, 2011

Republicans, who have complete control of the once-a-decade redistricting process, expect the new districts to be approved by the end of the legislative session.

Indiana horse breeders worry cuts would halt boom

April 9, 2011

Indiana's booming thoroughbred horse breeding industry has been growing so fast in recent years it's even lured breeders away from horse powerhouse Kentucky.

Immigration bill’s fate could be determined this week

April 9, 2011

The chairman of an Indiana House committee says he'll decide in the coming days whether the committee will take up a bill aiming for an Arizona-style crackdown on illegal immigration.

Mayor’s charter schools director to leave

April 8, 2011

Karega Rausch will become the Indianapolis director of Stand for Children, an Oregon-based not-for-profit that pushes education reform through grass-roots organizing and legislative lobbying.

Q&A

April 8, 2011

Dan Ferber is a freelance magazine writer in Indianapolis who writes about science, health and the environment for such publications as Science, Popular Science, New Scientist, Audubon, and Women's Health. He co-authored a new book with Harvard Medical School's Dr. Paul Epstein titled "Changing Planet, Changing Health: How the Climate Crisis Threatens Our Health and What We Can Do about It." It was published this month.

Company news

April 8, 2011

After resisting several shareholder proposals for an advisory vote about executive compensation, WellPoint Inc. will now give its investors a “say on pay” vote every year. All publicly traded companies have to allow “say on pay” votes every two or three years under the Dodd-Frank financial reform legislation passed by Congress last year. WellPoint shareholders last year approved an advisory vote, which is part of the reason WellPoint’s board now plans to hold one annually, according to company spokesman Tony Felts. In its proxy statement filed April 1 with the U.S. Securities and Exchange Commission, WellPoint added that if there is a “significant vote” against the pay of the company’s top five executives, the board will “consider our shareholders’ concerns and the Compensation Committee will evaluate whether any actions are necessary to address those concerns.” WellPoint CEO Angela Braly’s total compensation rose 3 percent last year to $13.4 million, as WellPoint’s operating and stock performance improved despite enrollment that continued to decline in the face of high unemployment. Braly's annual salary remained flat at $1.1 million, but her performance-based bonus rose more than 80 percent to $2.7 million. A WellPoint spokeswoman told the Associated Press in March that the company's pay formula rewards executives for improving enrollee health, boosting share prices and meeting other goals.

Marian University will delay the opening of its college of osteopathic medicine until fall of 2013—one year later than originally planned. Officials at the small Catholic institution in Indianapolis said its original timeline proved too “aggressive.” The main setback came in December, when the accrediting commission of the American Osteopathic Association requested that Marian put the money it has raised to fund the school in a different kind of escrow fund format. That delayed the accreditation process until the commission's next meeting, which is in April. Marian must obtain at least provisional accreditation before it can begin recruiting students—so it decided to wait another year to make sure it gets the best students it can. The decision to wait an extra year was made by Marian trustees in March, according to an e-mail sent by Marian President Dan Elsener and obtained by IBJ. Marian has raised $81 million toward the $100 million project, which includes constructing a building to house both the medical school and Marian’s existing nursing school. Marian also will need money to buy the necessary technological equipment, fund student scholarships and endowed chairs for some professors. Marian announced plans for the school in January 2010 after receiving a $30 million gift from an anonymous donor and being chosen by the Indiana Osteopathic Association, which had long wanted to start a medical school in Indianapolis. Even at that time, Elsener said the opening might slip by a year, to 2013.

Toyota in Indiana to work through production slowdowns

April 8, 2011

Toyota Motor Corp. announced Friday that its Indiana plant in Princeton will operate on a reduced production schedule in the coming weeks, but employees will not lose work because of it.

Simon CEO compensation jumps to $24.6 million

April 8, 2011

Simon Property Group Inc.’s board is working on a long-term employment agreement with Chairman and CEO David Simon, whose compensation rose more than fivefold last year.

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