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Speedway’s Fred Nation to run for Terre Haute mayor

December 15, 2010

IMS communications executive has considerable political experience working for Birch and Evan Bayh.

Indiana GOP chairman stepping down after 5 years

December 15, 2010

Indiana Republican Party Chairman Murray Clark announced his decision Wednesday, saying it was time to turn over the party leadership.

Intruders seeking drugs shoot resident

December 15, 2010

A man was shot when two masked men forced their way into his east-side Indianapolis apartment demanding drugs. The incident happened at the Heart's Landing apartment complex near 43rd Street and Post Road about 10:30 p.m. Tuesday. The man and his girlfriend were inside the apartment when the men forced their way inside. One of the masked men shot the man in the leg when he didn’t get any drugs. Police are still looking for the suspects and say the man's injuries are not life-threatening.
 

No injuries in IPS bus collision

December 15, 2010

Two Indianapolis Public Schools buses collided Wednesday morning. on the near-north side near 40th Street and Guilford Avenue. There were 41 students on board at the time of the crash, but no one was hurt.
 

Suspected robbers captured on west side

December 15, 2010

Two suspects in an overnight crime spree were taken into custody by Indianapolis police early Wednesday morning. The men are suspected of robbing a man at gunpoint in the 1900 block of North Holmes Avenue on the west side of the city about 10:30 Tuesday night. They also match the description of two men who pulled off an armed robbery at the Tomahawk Village Apartments on West  10th Street about 2:30 a.m. Police caught the men about 3 a.m. in a white Pontiac G6 driving near the intersection of 10th and Lynhurst Drive.
 

Also this week

December 15, 2010

Sarah Schartbrough and Jon McLaughlin join voices in performance at the Jazz Kitchen Dec. 17. Details here.

Indianapolis School of Ballet offers up its “Nutcracker” Dec. 17-19 at the Scottish Rite Cathedral. Details here. http://www.indyballet.org/home.html. Meanwhile, the Indiana Ballet Conservatory presents its version Dec. 17-19 at the Madame Walker Theatre Center. Details here.

On Dec. 17, Tim Brickley performs in a free Spirit of the Seasons concert at Chateau Thomas Winery. Details here.

Christian Hoff, Michael Longoria, Daniel Reichard and J. Robert Spencer—original cast members of Broadway’s “Jersey Boys”—present a holiday concert Dec. 18 at French Lick Resort. Details here.
 

Twelve Free Days of Christmas

December 15, 2010

Through Dec. 24

Various locations

Museums and attractions throughout the area are forgoing admissions charges on select days this month—which should leave you more to spend in the gift shops. Participants include the Indiana State Fairgrounds, which will offer a free skate day at the Pepsi Coliseum on the 17th; the Indianapolis Motor Speedway Hall of Fame Museum, which will be free on the 18th;  the NCAA Hall of Champions taking its turn on the 19th; the Indiana State Museum going ticketless on the 20th; Rhythm! Discovery Center giving you more bang for no bucks on the 22nd; and the Indiana History Center taking you on a gratis trip back in time on the 23rd. For a complete list, click here.

Indianapolis Jazz Foundation Sing-along

December 15, 2010

Dec. 20
Jazz Kitchen

Most of the time, if you sing along with a jazz band in an intimate venue, you risk getting some very severe looks from the other patrons around you. At this concert, though, you are likely to see those same patrons singing even louder. The annual holiday celebration at the Jazz Kitchen features players from the Indianapolis Jazz Foundation, and the emphasis is on participatory fun. Added bonus: There’s no cover charge. Details here.
 

Indiana lawmakers plan to float corporate tax cuts

December 15, 2010

State lawmakers plan to propose reducing Indiana’s corporate income tax rate next year in a move they say will make the state a more appealing place for businesses to locate.

Handel’s “Messiah”

December 15, 2010

Dec. 18
Clowes Hall

The Indianapolis Symphonic Choir raises the roof on the oratorio that has become a holiday classic. For the record, it was actually composed in summer and premiered in April. Details here.

UPDATE: United Kingdom mall owner rejects Simon bid

December 15, 2010

Capital Shopping Centres Group Plc, the United Kingdom’s biggest shopping mall owner, turned down Simon Property Group Inc.’s $4.6 billion bid, describing it as “inadequate.”

Houston-based company purchasing Gold Club

December 15, 2010

The deal, expected to close by the end of the year, is valued at $1.6 million, including real estate. It will be Rick’s Cabaret International Inc.’s first location in Indianapolis.

Simon bids $4.6B for U.K.’s Capital Shopping

December 15, 2010

Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group Plc that values the U.K. company at $4.6 billion.

Court sides with FedEx in dispute with drivers

December 15, 2010

FedEx, which has a distribution hub in Indianapolis, has long asserted that its drivers should be classified as independent contractors.

Chrysler to invest another $85M in Kokomo plant

December 15, 2010

Chrysler Group LLC said Tuesday it plans to invest an additional $85 million in its Kokomo transmission plant. The money is in addition to the recently announced $1.2 billion investment in other facilities in the north-central Indiana city.

Ivy Tech gets $23M to renovate old Stouffer’s Hotel building

December 15, 2010

Grant from Lilly Endowment will create a workforce training center, space for distance education and administrative offices at 45-year-old former hotel on North Meridian Street.

Company news

December 14, 2010

California-based Beckman Coulter Inc., which employs more than 500 people in the Indianapolis area, is up for sale, according to the Wall Street Journal. The company has hired Goldman Sachs Group Inc. to investigate a sale. After the Journal’s report, the company’s market value neared $5 billion. Potential buyers include private-equity firms such as the Blackstone Group and Apollo Global Management, or other companies in the medical-device industry, such as Illinois-based Abbott Laboratories, Germany-based Siemens or even Roche Diagnostics Corp. a Swiss company that operates its North American headquarters out of Indianapolis. Beckman’s testing machines are used in hospitals and medical research labs. In 2007, it moved more than 200 jobs to Indianapolis as it relocated its centrifuge development and manufacturing facilities. In October, Beckman announced plans to add 95 more jobs in Indianapolis over the next three years.

What is it about White County? In the same month that White County Memorial Hospital said it’s ready to merge with Indianapolis-based Clarian Health, now White County’s Monticello Medical Center is selling its four-physician family practice to St. Elizabeth Regional Health in Lafayette. St. Elizabeth is part of the Franciscan Alliance, which operates the three St. Francis hospitals in the Indianapolis area. Monticello, the White County seat, is about 30 miles north of Lafayette. St. Elizabeth will employ the four physicians, as well as three nurse practitioners, who collectively serve the largest percentage of White County residents. Locking up family practitioners is key for hospitals right now as they try to form themselves into “accountable care organizations” that will be paid by Medicare and private insurers for managing the long-term health of patients. Medicare’s rules will require accountable care organizations to provide family, or primary, care to at least 5,000 patients.

Indiana University’s health care budget will fall $24.9 million short of projected expenses in 2011-12, according to the Herald-Times of Bloomington, as a low-deductible Anthem Blue Access health care plan has become too expensive to offer to its 18,000 employees. IU trustee Tom Reilly Jr. implied that employees need to cover some of the extra costs.

Eli Lilly and Co. suspended a Phase 3 clinical trial of a skin-cancer drug after 12 patients in the study died, according to Bloomberg News. The deaths, among the 300 patients in the study, “may be treatment-related,” said Amy Sousa, a Lilly spokeswoman. Lilly was testing tasisulam on patients whose skin cancer had spread and who didn’t benefit from earlier treatment. No new or existing patients will be given the drug while the company evaluates safety data for the trial. But Lilly will continue to study tasisulam against breast, ovarian and renal cancers and against soft-tissue sarcoma, the company said.

People

December 14, 2010

Dr. Mark Pescovitz, a surgeon and researcher for 22 years at the Indiana University School of Medicine, died Sunday in a car accident outside Ann Arbor, Mich. Pescovitz was on his way home to Indianapolis after visiting his wife, Dr. Ora Hirsch Pescovitz, who is CEO of the University of Michigan Health System. Ora Pescovitz was the CEO of Riley Hospital for Children in Indianapolis and the head of research at the IU medical school before taking the job at Michigan in May 2009. A funeral for Mark Pescovitz will be held on Thursday at 2 p.m. at Congregation Beth-El Zedeck in Indianapolis.

Dr. Stephanie Wagner has been hired by Clarian Health and the IU School of Medicine as medical director of the neuro-oncology program at the IU Melvin and Bren Simon Cancer Center. A Brownsburg native, Wagner most recently was director of the neuro-oncology program at Norton Healthcare in Louisville. Wagner earned her medical degree from Ross University in North Brunswick, N.J., and received her nursing degree from DePauw University in Greencastle.

Blake A. Dye has been named president of the St. Vincent Heart Center of Indiana. Dye will start Jan. 17, replacing John Stewart, who now serves a president of the newly formed St. Vincent Medical Group. Dye has been CEO for 11 years of Henry County Hospital in New Castle.

Indianapolis-based Orbis Education, which creates nurse training programs, has hired Norm Allgood as senior vice president of operations and Clay Gillespie as chief marketing officer. Allgood worked for nine years at the Institute for Professional Development, a subsidiary of Arizona-based for-profit educator Apollo Group. Gillespie comes to Orbis from Career Education Corp., a for-profit educator based in the Chicago area.

Biomet owners look to arrange $11B marriage

December 14, 2010

Warsaw-based Biomet Inc. could get a whole lot bigger if rumors prove true that its owners have made a bid for U.K.-based rival Smith & Nephew plc.

Health insurance investors unfazed by court ruling

December 14, 2010

This week’s ruling by a federal judge could force Congress to rework the new health law to avoid a health insurance market collapse. But the decision had little to no effect on investor sentiment toward WellPoint Inc. and its peers.

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