Voters in struggling Ohio back four urban casinos
Ohio voters hit hard by the economic downturn have approved casinos on the fifth try by gambling supporters in the past two
decades.
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Blue River posts loss on poor loan climate
Shelbyville-based Blue River Bancshares Inc. on Tuesday night said mounting loan losses contributed to a third-quarter loss of $356,000.
Calumet improves quarterly profit despite sales hit
Calumet Specialty Products LP posted a profit of $3.9 million in the third quarter, recovering from a $12.5 million loss in
the same period last year.
Hat World acquires 37-store Sports Fan-Attic chain
Locally based Hat World Inc. has agreed to acquire a popular 37-store athletic retail chain in hopes of doing for collegiate
and professional sports licensed apparel what Hat World did for headwear.
Telecom supplier Telamon hopes to ‘ignite’ racing industry
Carmel-based Telamon Corp. rose to become one of the largest minority-owned businesses in the area largely by serving telecommunications giants. Now it is veering off its traditional course to supply racing teams with an ethanol-based fuel made from Indiana corn.
Tale of two income brackets
Under the House health reform bill, families of four making $66,000 or more would pay 15 percent to 20 percent of their income on health insurance and medical claims. By contrast, families making $54,000 or less would pay no more than 11 percent. Read the full Congressional Budget Office
Doctor fee database set to launch
By year’s end, Americans will have access via a Web site to a new database that will allow them to track what Indianapolis-based
WellPoint Inc. and other health insurers pay doctors who are not in their pre-negotiated networks, according to Bloomberg
News.
The not-for-profit database is being funded with $100 million in legal settlements from 12 health insurers
as part of a lawsuit by New York Attorney General Andrew Cuomo.
He said insurers were using
the Ingenix database, owned by Minnesota-based UnitedHealthcare, which used faulty data in order to reduce payments to doctors,
which left patients with larger bills.
The 12 insurers have agreed to use the database, hosted at Syracuse University,
to set the rates they’ll pay when their customers receive services from physicians that are “out of network,”
which means the doctor has not agreed in advance to give the insurer a discount.
WellPoint settled with Cuomo by
agreeing to pay $10 million. UnitedHealthcare paid the most: $50 million.
People
Paige Dooley, a registered nurse, will become vice president of nursing at Community Hospital East in
Indianapolis on Nov. 16. She will succeed Mary Browning, who is now vice president of nursing for the ambulatory division
of Community Health Network. Melodi Bauer has held the nursing vice presidency in an interim capacity since April 2008.
Dr. H. N. Nagaraja joined Riverview Diabetes and Endocrinology
in Noblesville. He specializes in thyroid conditions.
Dr. Damion M. Harris, an orthopedic surgeon
specializing in shoulders, joined Henry County Center for Orthopedic Surgery & Sports Medicine in New Castle. Harris received
his medical training at the Indiana University School of Medicine.
Dr. Brock P. Nolan
has joined St. Francis Psychiatric Associates in Indianapolis. Nolan most recently served as medical
director of behavioral health services at Luke Air Force Base in Phoenix.
Dr. Robert
W. Zickler has joined St. Francis Vascular Associates in Indianapolis. He comes to St. Francis from Virginia, where
he was a staff surgeon at Mary Washington Hospital. Zickler focuses on aortic stent grafting, carotid artery surgery, minimally
invasive vein surgery and limb salvage surgery.
Thomas Sparks, a researcher at Indianapolis-based
Dow AgroSciences, was named scientist of the year by R&D Magazine, a trade publication. Sparks won the award for his team’s
work developing pesticides that are more environmentally friendly.
Reuben Kapur has been named
program leader for Hematologic Malignancies and Stem Cell Biology Research Group in the Herman B Wells Center for Pediatric
Research at the Indiana University School of Medicine.
Company news
Eli Lilly and Co.’s Byetta won a new market approval, which the company hopes will reverse the diabetes
drug’s recent sales decline. But the drug also was the subject of a new alert about kidney problems in patients taking
the drug. The U.S. Food and Drug Administration OK’d Byetta to be used sooner in patients suffering from poor blood
sugar control. But the FDA also told doctors to be alert about kidney problems of some patients taking Byetta.
Before, the FDA called for Byetta to be used only after patients tried other drugs without success. Byetta, which Lilly sells
via a partnership with San Diego-based Amylin Pharmaceuticals Inc., suffered a 5-percent decline in U.S. sales in the 12 months
year, to $171 million in the third quarter. Worldwide Byetta sales totaled $593 million through
the first nine months of this year, a 5-percent increase compared with the same period in 2008.
Lilly
also will trim 191 sales jobs in Indiana as part of a company-wide restructuring announced in September that ultimately
will result in 5,500 job cuts by the end of 2011. The pharmaceutical giant will trim its osteoporosis, diabetes and neuroscience
sales forces, which are listed as working out of the Lilly Technology Center on South Harding Street. The workers’ last day
will be Dec. 31.
Local health care information technology professionals will discuss efforts to bring Indiana health
care into the digital age at a breakfast meeting on Friday. The panelists will include Jane Niederberger, president of Indianapolis-based
My Health Care Manager LLC, Stacy Cook, a physician attorney at
the Indianapolis law firm of Barnes & Thornburg LLP, Michael E. Rudicle, a director at
the local office of New York-based accounting firm PricewaterhouseCoopers LLP, and Jack Horner, CEO of Major
Hospital in Shelbyville. The meeting, part of the New Economy New Rules series, will be held at the downtown offices
of the Barnes & Thornburg law firm.
Wishard Foundation said it has received a $6 million
grant from the Indianapolis-based Richard M. Fairbanks Foundation
to help fund construction of a new Wishard Hospital. Voters on Tuesday approved a new $754 million hospital
for Wishard Health Services. The $6 million grant is the single largest philanthropic contribution Wishard
has received in its 150-year history.
The FDA said a new titanium implant
to re-stabilize the spine, made by Zimmer Holdings Inc., showed good
results in a clinical trial. But the FDA also noted that physicians who had received consulting payments from Warsaw-based
Zimmer turned in patient results better than physicians who were not paid by Zimmer, according to the Associated Press. The
FDA noted the correlation was not statistically significant, but it will asks a panel of orthopedic specialists to weigh in
on the new device and decide whether Zimmer should provide more data before approving it for sale. The agency is not required
to follow the group’s advice, though it usually does.
New Wishard gets overwhelming approval in referendum
Unofficial results from Tuesday night’s special election show more than eight out of 10 Marion County voters supporting a new $754 million hospital for Wishard Health Services.
Q&A
Greg Mortenson, the author of "Three Cups of Tea," was a nurse in Indianapolis and earned a graduate degree at
IUPUI before starting his well-known schools in central Asia. The Montana resident was honored recently
by an Indianapolis-based nursing honor society.
WellPoint, White House sling reform studies
Health insurer says premiums would fall for local employers with unhealthy workers, but costs would rise for firms with
average or healthy workers.
City Market board sought 3-year closure for redevelopment
Board president says he quit after Indianapolis Mayor Greg Ballard declined proposal to shut down historic landmark until
2013 for major renovation.
Fishers fights for Sallie Mae employees
The Fishers town council last night approved a resolution urging the U.S. Senate to help about 2,000 Sallie Mae employees
who could lose their jobs if President Obamaâ??s plan to eliminate private student-loan lenders is approved. The nationâ??s
biggest private lender has offices in Fishers and Muncie. It employs about 2,300 Hoosiers.
2012 may not be Indy’s only Super Bowl
Though NFL executives have concerns about the 2012 Super Bowl in Indianapolis, Allison Melangton, CEO of the local organizing
committee, thinks perfect execution of the game and all that surrounds it will take the Circle City to a new level.
New mother dies from H1N1 flu
Jamie Loveless, 27, a Mooresville native, died last week from the H1N1 flu virus while on vacation with her husband and 9-month-old
son. She was admitted to the St. Petersburg General Hospital with serious respiratory issues and pneumonia, and died a few
days later. Her funeral is tomorrow in Mooresville.
Police search for cabbie carjacking suspects
Police are looking for three people they say carjacked a cab driver early this morning on the west side of Indianapolis. Investigators
say the cab driver picked up a woman sometime around 4:30 a.m. After reaching her destination, two men approached the cab,
beat up the driver, then took off in his car with the woman still inside. Police say the woman may have been involved in the
crime. Fox59 will have more at 4 p.m.
Buffet’s Berkshire buying railroad for $34B
Warren Buffet’s Berkshire Hathaway says it has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at
$34 billion.
Saturn’s loss, Byrider’s gain
J.D. Byrider, the Indianapolis chain of used-car lots, is courting Saturn dealers to come into the fold as Byrider franchisees.
Factory orders rose 0.9 percent in September
Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft.