Aetna agrees to buy Humana in $37B deal
Aetna Inc. agreed to buy Humana Inc., the second-largest provider of private Medicare insurance, for $37 billion in cash and stock to broaden its health-care coverage.
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Report: Pacers sign shooting guard Ellis for 4 years, $44 million
Monta Ellis averaged 18.9 points and 4.1 assists with Dallas last season. He will help soup up the Indiana Pacers’ plodding offense next season, according to a source close to the deal.
Indiana cancels post-RFRA contract with PR firm after 3 months
State officials have ended a contract with a New York PR firm it hired to assess the damage to Indiana’s reputation after the national furor over its religious freedom law. After three months, the firm will be paid $365,000.
Indy Fuel affiliate plans $2.5M renovation of Fishers ice rink
Indiana Ice Arenas LLC, an affiliate of the minor league hockey team, has finalized the $1.85 million purchase of the ice rink.
Salin Bank gets a new CEO
James P. Alender has taken over as CEO of Indianapolis-based Salin Bank & Trust Co., a family owned bank with 19 branches and assets of more than $750 million.
Kroger plans multimillion-dollar expansion at 116th and Cumberland
The chain intends to add 18,000 square feet of space, bringing the store to 82,000 square feet. It also likely will have upgrades being tried at other Krogers.
Highland seeks to wedge upscale homes on golf course grounds
The country club on the northwest side foresees 46 houses on 25 acres and using money from the sale of the land to make crucial improvements to the private retreat.
Indiana warns businesses about recent deceptive letters
Secretary of State Connie Lawson is warning Indiana firms about letters that appear to have come from her office and ask for $125 or $150 fees.
U.S. adds 223,000 jobs as jobless rate slips to 5.3 percent
The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed. Average hourly pay was flat.
Indiana law spurs ‘fireworks tourism’ from Illinois
Fireworks store owners in northwest Indiana say half to 80 percent of their business comes from Illinois, where fireworks are strictly regulated. That’s also good for restaurants and other retailers.
Ironworks developer planning next phase for apartment project
Hendricks Commercial Properties has purchased the adjacent La-Z-Boy building and is planning to build more apartments on the high-profile property at 86th and Keystone.
U.S. probing possible airline collusion that kept fares high
A letter received by major U.S. carriers demands copies of all communications the airlines had with each other, Wall Street analysts and major shareholders about their plans for passenger-carrying capacity, or "the undesirability of your company or any other airline increasing capacity."
McDonald’s localizes menus with pulled pork, bacon McMuffins
The world’s biggest restaurant chain, hoping to appeal to wider swaths of Americans, is working to offer more locally relevant fare, such as pulled-pork sandwiches in Indiana, bacon and white-cheddar Egg McMuffins in Chicago and cranberry-orange muffins in the Midwest.
Ritz proposes 1-year hold on lower A-F school grades
The state schools superintendent, who is seeking the Democratic nomination to challenge Republican Gov. Mike Pence next year, has been skeptical of the school grading system, while the board dominated by Pence's appointees has advocated for the grades.
Indiana’s medical research ‘trade deficit’
Indiana's life sciences companies are spending four times more on medical research than the state's hospitals, doctors and univerities are receiving from such companies for research projects. That means Indiana is missing out on more than $80 million a year.
Neighbors yell ‘fore’ over apartment project that would replace golf course
A par-3 golf course on the city’s north side could be replaced by a $45 million apartment community with nearly 400 units, much to the chagrin of neighbors opposing the massive project.
Young Whitestown leader puts stamp on growing town’s canvas
Lauren Bailey, 24, the town’s first director of planning, is responsible for envisioning what the fastest-growing community in the state could look like in five to 10 years.
Brownsburg entrepreneur is a cryogenic-tooth-banking pioneer
Michael A. Byers’ Tooth Bank is one of a tiny group of U.S. companies catering to the latest iteration of stem cell therapy: harvesting stem cells from the pulp inside baby teeth and extracted wisdom teeth, then culturing, freezing and storing them at a cryostorage facility for later use.
Pioneer in 3D printing has high hopes for education startup
Kim Brand and a business partner have launched a “maker space” startup focused on the education market, called 1st Maker Space. It targets students in formal and informal class settings, and 3D printers are just a part of its arsenal.
Cook deluged by product lawsuits
Patients from around the country have filed 100 lawsuits against Bloomington-based Cook, alleging that some of its blood-clot filters have broken apart, moved or poked through the blood vessel where they are implanted.
