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A.M. Best Co. lowered its outlook on WellPoint Inc.’s financial strength, citing concerns about the company’s growth potential. Best, the nation’s most-influential insurance ratings agency, maintained WellPoint’s A grade, which means it is in excellent position to pay future medical claims. But Best lowered its outlook on the Indianapolis-based health insurer from positive to stable. […]
Indianapolis-based Simon Property Group plans to construct the third-tallest building in Boston. The 47-story residential tower in Copley Place will be overshadowed only by the 52-story Prudential Tower and the 60-story John Hancock Tower, according to The Boston Globe. The first four floors of the luxury condominium tower will comprise retail space. Simon also is […]
Hillary Clinton and Barack Obama suggested to voters before the Ohio primary election early this month that
the North American Free Trade Agreement should be renegotiated because Rust Belt workers are getting a raw
deal.
The extent to which Clinton and…
A restructuring announced last year will result in 75 to 100 workers being laid off from Kimball International Inc.’s headquarters in the southern Indiana city of Jasper. Most of the affected workers will be white-collar, according to the Evansville Courier & Press. About 150 of the furniture and electronics maker’s 4,000 positions are expected to […]
It seems there are many people and businesses these days fighting to get a piece of youth basketball. Talks between the NCAA and NBA started heating up last month about forming a coalition to launch co-branded youth basketball leagues and…
This week brought potential resolution for a couple of disputes in the neighborhoods surrounding Lucas Oil Stadium:
Board limits RCA Dome souvenir proceeds to $200K
The Capital Improvement Board today agreed to rework an…
When a great movie actor dies, there tends to be a rush to screen his films. But when a great stage actor dies, there’s not much you can do besides mourn the performances you missed.
Paul Scofield — by all accounts…
Locally based Noble Roman’s Inc. has hired a financial adviser to help it explore strategic alternatives, a move that often opens the door to a company’s sale. The struggling franchise pizza chain, which has about 1,000 locations across the United States, said it has hired Newport Beach, Calif.-based Roth Capital Partners to evaluate “various strategies […]
Bloomington medical device maker Cook Medical has won a lawsuit brought by Edwards Lifesciences Corp. over patents on Cook’s devices for fixing aneurysms. Edwards, based in Irvine, Calif., claimed four of Cook’s Zenith endovascular stent-grafts infringed its patent. The stents are used to treat abdominal aortic aneurysms and thoracic aortic aneurysms.
The psychiatric unit of Home Hospital in Lafayette is expected to reopen in the next week after being closed for the past 14 months, according to the Journal & Courier of Lafayette. Home Hospital, which is operated by Lafayette-based St. Elizabeth Regional Health, closed in January 2007 when three psychiatrists stopped providing inpatient services at […]
The Madness this March is going to be a little crazier than usual. Due to advances in high-speed wireless technology, more people than ever will spend time at work paying attention to the…
Wondering why development news seems to have ground to a halt? The nation’s housing and economic woes are hitting development firms and slowing the demand for construction. The American Institute of Architects…
CMG Worldwide Inc. suffered a significant legal setback Monday when a federal judge ruled that Fishers-based CMG and a company it represents, Marilyn Monroe LLC, do not own Marilyn Monroe’s publicity rights. The California ruling could be a massive blow to CMG. Monroe’s likeness on everything from TV commercials to T-shirts generated about $30 million […]
The National FFA put out a release today saying its national convention in Indianapolis in October created
a $40 million impact. Lump out suppliers from outside the area, and the local impact amounted to $34.5 million.
Global Insight Inc., a respected…
Delta Faucet Co. has cut 95 blue-collar workers at its plant in Greensburg, leaving about 662 employees. The Carmel-based company blamed ongoing sluggishness in the housing market, according to the Greensburg Daily News. Earlier layoffs at the plant have claimed about 100 workers, and about 30 jobs at the Camel offices. Delta is owned by […]
Houston-based Horizon Wind Energy LLC is eyeing as many as 15,000 acres east of Kokomo on which to build wind generators, according to the Kokomo Tribune. The area could receive 100 generators, which could turn out 200 megawatts, enough to power about 66,000 houses. The area has plenty of open land, wind and transmission lines. […]
The Indianapolis Museum of Art’s Summer Nights film series is one of the most popular warm-weather attractions in the city — at least, one where those who want to attend often outnumber the room the IMA has to accommodate them.
This…
Rather than seeing the General Electric Co. refrigerator plant in Bloomington close, the Monroe County Economic Development Commission plans to study whether it would make sense for the employees to buy and operate the site. About 900 workers will lose their jobs next year if GE goes ahead with the plan it announced in January. […]
Two law firms have sued WellPoint Inc., claiming the company and its officers misled investors for weeks before the company lowered its earnings estimates this month. The lawsuits claim WellPoint officers knew their medical costs were rising and their customer rolls were growing more slowly than predicted, but did not tell investors. After WellPoint disclosed […]
As a result of quarterfinal losses by Indiana and Purdue, attendance for last week’s men’s Big Ten basketball tournament at Conseco Fieldhouse fell below projections. After Session 3 (the one featuring IU and…
