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General Motors Co. named Mary Barra to succeed Dan Akerson as chief executive officer, making her the first female CEO in the global automotive industry. Former Cummins Inc. CEO and chairman Tim Solso was named GM's chairman.
The university's existing Evansville campus serves students for two years. The new site would allow students to finish their medical education in Evansville.
The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
The west-side industrial park, one of the city’s largest, is experiencing robust construction activity that includes more than just distribution centers.
State agencies will have to cut their budgets an additional 1.5 percent and state universities will see their state aid clipped by 2 percent as the state looks to make up a $141 million drop in tax collections.
Nearly 1 million food aid recipients in Indiana will have their benefit payments shifted to new days next year in a change sought by the state’s grocers.
A big boost in donations and hefty cutbacks pushed the Indianapolis Symphony Orchestra’s annual budget into the black for the first time since 2007.
Eli Lilly and Co. on Wednesday will fall off its second “patent cliff” in as many years as its best-selling drug Cymbalta sees its U.S. patents expire.
Indiana University Health hospitals and doctors could fall out of UnitedHealthcare’s discounted network on Jan. 1 if the two entities don’t come to an agreement by then. IU Health, the state’s largest hospital system, and UnitedHealthcare, the state’s second-largest health insurer, have been unable to come to terms on a new set of reimbursement contracts, according to both organizations. The previous contracts end Dec. 31. Such contracts between health systems and health insurers typically shave 30 percent or more off the list prices charged by hospitals and doctors. In notices sent to local benefits brokers late last month, Minnesota-based UnitedHealthcare said the two organizations are wrangling over a reimbursement hike by IU Health and over how the new contracts will make more of that reimbursement hinge on measurements of clinical quality. The contract dispute could affect the roughly 400,000 Hoosiers that have employer-based or individually purchased insurance with UnitedHealthcare. That represents about 12 percent of the Indiana commercial market.
Medical workers, military personnel, hundreds of volunteers and a platoon of ambulances transferred 149 patients from Wishard Memorial Hospital on Saturday, the final day of service for the facility that dates as far back as World War I. Those patients were moved to the new Eskenazi Hospital, just four blocks away. The new $754 million hospital replaces Wishard as the county-owned hospital in Indianapolis. Construction on the art-filled, 315-bed Eskenazi Hospital began four years ago.
Indianapolis-based Eli Lilly and Co. has joined two other companies to contribute $40 million to an early-stage life sciences venture capital initiative in New York City. New York economic development officials announced the effort to launch more life sciences companies last week. The city of New York will contribute $10 million, according to The Wall Street Journal, and will look to attract venture capital firms willing to put in another $50 million. The initiative hopes to launch 15 to 20 new life sciences companies in New York by 2020. Lilly operates a research and development center in New York focused on cancer, which it acquired in 2008 as part of its purchase of New York-based drug company ImClone Systems Inc. The two other companies contributing money are New Jersey-based biotech company Celgene Corp. and GE Ventures, the venture capital arm of Connecticut-based General Electric Co. The contributions of each company were not disclosed.
Eli Lilly and Co. will end development of the depression medicine edivoxetine as an add-on therapy after the drug failed to meet goals in three Phase 3 studies, according to Bloomberg News. The end of edivoxetine as a potential add-on therapy is another research setback for Lilly, which has had a cancer treatment, ramucirumab, fail in breast cancer patients, and an experimental compound prove unsuccessful in helping people with advanced Alzheimer’s disease. Edivoxetine had been expected to generate $560 million by 2020, said Seamus Fernandez, an analyst with Leerink Swann & Co. The decision to end the development as an add-on therapy will result in a pretax charge of $15 million, or 1 cent a share, in the fourth quarter, Lilly said. The company reaffirmed its 2013 forecasts and said it still plans to return to revenue growth in 2015.
Donetta Gee-Weiler, a registered nurse, has been named vice president of women’s and children’s services for Community Health Network. She most recently served as practice administrator for Community Physician Network’s OB/GYN Care, Gynecologic Cancer Care, and Hepatobiliary Surgical Care. She holds a bachelor’s degree in nursing from IUPUI.
Gwen O’Malley has been named vice president of practice operations at Community Physician Network. Most recently, O’Malley served as executive director of primary care for Community Physician Network. She earned a bachelor’s degree at St. Mary-of-the-Woods College and a master’s degree at IUPUI.
Chad Ashcraft has been hired as vice president of innovation at Indianapolis-based OurHealth, which operates on-site health care clinics for employers. Ashcraft previously worked in sales for Thunderhead.com, Toovio Software, Chordiant Software and IBM. He holds a bachelor’s degree in computer science from DePauw University and a master’s degree in information science from Ball State University.
Indianapolis-based Maetrics LLC, a life sciences consulting firm, appointed R.J. Lemieux as vice president of sales. He previously worked at Boston-based RM Nephew & Associates LLC and Ernst & Young. Lemieux earned a bachelor’s degree at Hobart College and an MBA at Bentley University.
An Indianapolis man was shot in the leg during a robbery outside his home about 11 p.m. Sunday. The victim said he was working on his truck in his driveway in the 3700 block of North Bancroft Street, near East 21st Street and North Emerson Avenue, when he was approached by a man with a gun. The suspect scuffled with the victim and shot him in the leg before fleeing with his wallet.
A 16-year-old Noblesville girl was shot in the chest late Sunday night and died from her injuries. Aubrey Peters suffered the fatal wounds in a home in the River Run neighborhood. At least three other people were in the residence during the incident. Police arrested 20-year-old Jacob McDaniel early Monday morning on preliminary charges of criminal recklessness and pointing a firearm. Peters received a Red Cross heroism award in 2010 for helping rescue two children from a retention pond.
A proposed ordinance that would put severe limits on panhandling downtown is expected to be sidelined before the City-County Council can vote on it Monday night. Ordinance sponsor Jeff Miller said he will ask the council to send the proposal back to committee to rewrite a portion that deals with street performers. The proposal has received negative feedback and protests because it includes street performers, Miller said. A rewritten proposal could return for a council vote in January.
Did you get to see Sandi Patty and company at Hilbert Circle Theatre? Do some book buying at the Indiana History Center’s Holiday Author Fair? Thaw your heart at “Frozen”?
Based on some very rough assumptions, I calculate that Hoosiers could see premiums 14 percent to 28 percent higher in 2015, due in part to low enrollment in the Obamacare exchanges in 2014.
The buyer, Equus Capital Partners, has made a habit of purchasing large-scale, Class A office properties on the north side of the city.
A proposal to phase out Indiana's property tax on business equipment and machinery has many local government leaders concerned about another big revenue hit.
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc.
The owner of hundreds of retail properties landed on the Barron’s list of top stock picks for 2014, with the financial publication citing an improved outlook and an analyst upgrade.
The head of IU's board of trustees says faculty need to accept that college standards are changing and adapt to stay ahead of the shift.
