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In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks.
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
Five Pennsylvania congressmen are asking college sports' governing body to cancel penalties against Penn State University imposed as a result of the Jerry Sandusky child molestation scandal.
CNO Financial Group Inc. earned $78.1 million compared with profit of $77.1 million in the same period of 2013.
The statewide effort is designed to push more Indiana students to graduate from college on time by completing at least 15 credits each semester.
Prosecutors and attorneys for one of the suspects in a deadly Indianapolis house explosion began assessing Monday whether they can assemble an impartial jury successfully in the city where it happened.
The bipartisan agreement includes $10 billion in to make it easier for veterans who can’t get prompt appointments with Veterans Affairs doctors to obtain outside care; $5 billion to hire doctors, nurses and other medical staff; and about $1.5 billion to lease 27 new clinics across the country.
-Holladay Construction Group LLC partnered with Holladay Properties on a 600-foot warehouse work-area expansion and office upgrade for Batesville at 5770 Decatur Blvd.
-Capitol Construction has completed a 3,600-square-foot office build-out for Advanced Pain Management at 10412 N. Allisonville Road, Fishers.
-Capitol Construction has completed a 3,700-square-foot office build-out for Fairway Mortgage at 10194 Crosspoint Blvd.
-Capitol Construction has completed a 7,000-square-foot production facility for Ambre Blends at 7825 E. 89th St.
Tim O’Brien, formerly of CBRE, Colliers International and Resource Commercial, has started O'Brien Commercial Real Estate, a commercial brokerage and consulting firm.
The average rate for 30-year mortgages fell from 4.30 percent to 4.28 percent in the week ended July 24, according to Bankrate.com. The rate for 15-year mortgages rose from 3.40 percent to 3.41 percent.
-Lysse Partners LLC leased 32,826 square feet of industrial space at 8460 Bearing Drive. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-Bastian Solutions leased 17,242 square feet Georgetown Building 1, 7950 Georgetown Road. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Jay Archer of Duke.
-Security Vault Works Inc. leased 16,000 square feet of industrial space in Park West, 980 Western Drive. The tenant was represented by Stan Elser of Lee & Associates. The landlord, B&D Development Co. LLC, represented itself.
-Save-A-Lot Food Stores leased 15,600 square feet at 1223 S. High School Road. The tenant was represented by Larry Davis of Sitehawk Retail Real Estate. The landlord, West Washington Street Partners LLC, was represented by Brent Benge of Paradigm Real Estate Investments.
-Pet Supplies Plus leased 7,011 square feet at Indian Creek Commons, 10625 Pendleton Pike. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Viking Partners Indiana Creek LLC, was represented by Seth Biggerstaff of Veritas Realty.
-Cleaning Solutions leased 4,430 square feet of industrial space at 5603 W. Raymond St. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.
-Western Governors University renewed its lease for 3,841 square feet of office space at 10 W. Market St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Bennett Williams and Andrew Martin of Cassidy Turley.
-Integration Partners Corp. leased 3,299 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Milestone Contractors LP leased 3,281 square feet of industrial space at 3250 N. Post Road. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.
-Quartermaster Facility Supplies LLC leased 2,400 square feet of industrial space at 5603 W. Raymond St. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.
-Matthews International Corp. leased 2,097 square feet of office space at 8606 N. Allisonville Road. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Citimark Inc., was represented by Brian Fitzgerald of Citimark.
-Any Lab Test Now leased 1,600 square feet of retail space at 1642 S. Olive Branch Parke Lane, Greenwood. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
-Pulte Homes of Indiana bought 35.46 acres at the southeast corner of West 146th Street and Little Eagle Creek Road, Carmel. The seller, Murphy Family Trust, was represented by Abbe Hohmann of Site Strategies Advisory. The buyer represented itself.
-Madison Avenue Planet RE LLC, doing business as Planet Fitness, bought a 13,800-square-foot, freestanding retail building at 2740 Madison Ave. The buyer was represented by Bart Jackson and Scot Courtney of Lee & Associates. The seller, Wabash College, was represented by Jim Karozos of Colliers International.
With federal research funding declining, drug companies are taking a larger role funding the medical research happening at IU and universities around the country. That’s not the same thing as paying to market drugs, but it’s hardly without controversy.
Results of a Roche clinical trial mirror those produced by an experimental Lilly drug two years ago. Lilly executives say that validates their approach in the multi-billion-dollar race to market the first drug to reverse Alzheimer’s.
Few U.S. industries are tying their fortunes to overseas markets as aggressively as the technology sector, where new sources of revenue are often just a matter of equipping people with a computing device and an Internet connection.
An Instagram message from LeBron James Sunday afternoon set off a torrent of activity at Adidas’ printing plant on Indianapolis' east side, the likes of which hadn't been seen in five years.
Hendricks Regional Health in Danville named Yvonne Culpepper, a registered nurse, its chief operations officer in addition to her role as chief nursing officer. Culpepper earned a bachelor’s degree in nursing and master’s degree in nursing administration from Indiana University. She earned a doctor of nursing practice degree from Purdue University.
Dr. Gordon Reed, has been named chief medical officer at Hendricks Regional Health. Reed earned a bachelor’s degree at the University of Illinois and completed his medical training at the Indiana University School of Medicine.
Dr. Brian Brewer, a trauma surgeon, has joined the trauma center at IU Health Methodist Hospital. He most recently worked at Sinai Hospital in Baltimore. Brewer earned his medical degree from Meharry Medical College.
Dr. Peter Hammer, a trauma surgeon, has joined the trauma center at IU Health Methodist Hospital. He most recently worked at the Los Angeles County and University of Southern California Medical Center. Hammer, a retired commander from the U.S. Navy and a veteran of the war in Afghanistan, earned his medical degree at Wayne State University.
Dr. Ben Zarzaur, a trauma surgeon, has joined trauma center at IU Health Methodist Hospital. He most recently was a professor of surgery and preventative medicine at the University of Tennessee in Memphis. Zarzaur earned his medical degree from the University of Alabama.
The Indiana University School of Medicine plans to hire 100 research professors over the next five years in a bid to vault into the top 25 medical schools. If successful, that recruitment drive could boost by 15 percent the number of research-oriented faculty at IU and bring in an extra $35 million to $40 million in annual research funding. If the plan plays out as Dean Dr. Jay L. Hess hopes, the school could become a closer partner with drugmaker Eli Lilly and Co., medical-device maker Cook Group Inc. and other major life sciences companies. Hess’ plans are actually a bit more modest than those advanced by his predecessor, Dr. Craig Brater, who retired last year. Brater wanted IU to become one of the 10 most richly funded medical schools for research, up from about 40th now. To get there, he estimated, the school needed to recruit 400 researchers, on top of the 700 it employs today. But Hess noted that IU would need hundreds of millions of dollars more per year in funding from the National Institutes of Health—IU receives about $100 million per year—to reach that level.
Four doctors who supposedly ran a system of clinics aimed at helping addicts kick painkillers were illegally selling a drug that's supposed to aid in rehabilitation, federal authorities said Friday after raiding the doctors’ clinics in Carmel, Noblesville, Muncie, Kokomo and Centerville. According to the Associated Press, Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. Prosecutors say Ley led the operation. A dozen additional suspects, including three other doctors, are under arrest or sought by police. The probable cause affidavit said patients would go to clinics operated by organizations called the Drug and Opiate Recovery Network or Living Life Clean and pay cash for prescriptions of Suboxone, a drug that can be used to treat addictions to opioid painkillers or heroin. The clinics did not accept insurance. Patients allegedly did not undergo medical or mental exams, and weren't asked to provide medical histories. Office employees allegedly handed out pre-signed prescriptions, the affidavit alleges. In 2013, Ley allegedly wrote nearly 8,500 prescriptions, generating an income of $718,000, the affidavit says.
Terre Haute-based Union Health System will cut 150 positions system-wide by the end of the year, according to the Tribune-Star. The cut represents a 5-percent reduction of the system’s 3,000 workers and is projected to produce savings of $200 million by 2020, according to a letter sent Thursday by CEO Pat Board to the hospital system’s employees. “We face numerous challenges due to changes in the healthcare environment and its impact on Union Health System, which include a shift to more outpatient services and declining reimbursement." Union Health includes Union Hospital in Terre Haute and Union Clinton Hospital in Vermillion County north of Terre Haute in western Indiana.
Community Health Network Foundation has been awarded a $1.5 million federal grant to discover ways to deliver better care at lower cost while strengthening its nursing staff. The Health Resources and Services Administration grant will fund a three-year project to encourage nurses to deliver care as teams at Community East Family Medicine Center and then replicate the model they create at seven Community hospitals and other sites of care. The grant covers 88 percent of the project’s estimated costs, and Community will provide the balance of the funding.
Dow AgroSciences LLC reported second-quarter sales of $1.9 billion, an increase of 3 percent over last year's second period. The Indianapolis-based subsidiary of Michigan-based Dow Chemical Co. reported quarterly earnings before interest, taxes, depreciation and amortization, or EBITDA, of $281 million. That was down $9 million, or 3 percent, from a year ago. Crop-protection sales rose 3 percent in the quarter, led by insecticides, which reported double-digit gains in all regions. Quarterly seed sales increased 3 percent, with growth in corn and soybeans in North America and Latin America.
Cummins Inc. said Monday that second-quarter profit jumped 7.7 percent on strong sales in North America. The results exceeded analyst expectations.
Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
