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Thieves target downtown bikes

Expensive bikes have been disappearing from downtown Indianapolis even though they've been locked up. Police say at least five locked bikes have been stolen in a small area of downtown near Massachusetts Avenue in the past 10 days. Two of the theft victims lost bikes worth $1,800 to $2,000. An employee at Bicycle Garage Indy in the downtown Indy Bike Hub said the thieves are targeting high-end bikes. He said the thieves are using cable cutters to defeat the bike locks. He recommended riders who leave their bikes unattended in public places invest in a rigid metal u-lock, which is more secure.

Franchitti earns nearly $2.5 million for Indy 500 win

Dario Franchitti landed $2,474,280 from an overall purse of $13,285,815 for Sunday's victory. The four-time series champion from Scotland became just the 10th driver to win IndyCar's signature event at least three times.

Buckingham reviving Gramercy project with smaller plans

Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.

Greenwood eyes more office parks for I-65 corridor

Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.

INSIDE DISH: Smokers’ haven prepares for ban

Dish Mass Ave Pub watch videoMass Avenue Pub survived a two-year hiatus in the mid-2000s after a massive infrastructure collapse. Its owners think going smokeless on Friday will be a comparative breeze, even though 65 percent of their clientele like to light up.

You-review-it Monday

Did you go celebrity spotting at the 500? Visit the Zoo or Conner Prairie?

Indy 500 in the books, but heat isn’t a record

Fans sought shade under the grandstands and beneath umbrellas. Misting stations got a healthy workout. But Sunday's Indianapolis 500 won't go down in the record books as the hottest in the 101-year history of the race.

Ganassi Racing dominates as Franchitti wins 3rd Indy 500

Dario Franchitti stamped his name in the record books by winning his third Indy 500 on Sunday, a day that started and ended as a tribute to Dan Wheldon, who won the race a year ago but was killed in an October crash in the IndyCar season finale.

Company news

National Government Services Inc., a subsidiary of Indianapolis-based health insurer WellPoint Inc., is eliminating 112 local jobs due to the loss of a government servicing contract. The company announced the job reductions in a notice to the Indiana Department of Workforce Development. The notice called the move a "plant closing" for legal reasons, but NGS is not going out of business, according to a WellPoint spokeswoman. NGS' office at 8115 Knue Road on the northeast side will remain open to service other contracts. The subsidiary will still employ almost 500 people locally after the layoffs and about 2,000 nationally. An office in Michigan with six employees will close due to the loss of the contract. NGS processes claims for the federal government’s Medicare and Medicaid programs.

The merger of Kokomo’s Howard Regional Health System into Indianapolis-based Community Health Network received final approval May 22 when the Howard County Board of Commissioners and County Council voted unanimously for the affiliation of the hospitals. The integration will take effect July 1, when the Kokomo hospital will change its name to Community Howard Regional Health, according to Community spokeswoman Lynda de Widt. The two hospital systems signed a letter of intent to merge back in January, less than four months after Howard Regional broke off a merger deal with Indiana University Health. Howard and Community officials said at that time the decision was driven by “dramatic changes” spurred by the 2010 federal health reform law. The letter of intent called for Howard Regional to join its finances with Community’s, yet retain a local board with at least two-thirds of its members living in Howard or contiguous counties. Indianapolis-based Community Health has similar affiliations with Community Hospital of Anderson and with Westview Hospital in Indianapolis.

WellPoint Inc. will offer an online personal training program to its health insurance customers, the Indianapolis-based company announced last week. WellPoint also made a venture capital investment in Los Angeles-based FitOrbit Inc., which provides online access to a personal trainer any time. The company matches consumers to trainers based on their fitness goals, preferences and lifestyles. FitOrbit also provides healthy recipes and a guide to healthy restaurants in their ZIP codes. WellPoint will begin rolling out FitOrbit and another wellness option to its clients in 2013.

People

Lori Knarr will become chief nursing officer at Indiana University Health University Hospital in July, replacing interim CNO Lisa Greenan, who will remain with the hospital. Knarr is executive director of nursing operations at the 770-bed Tallahassee Memorial Healthcare in Florida. She holds a master's degree in management from the Florida Institute of Technology and a bachelor's in nursing from the University of Pittsburgh.

Price hikes offset slower health care use

Newly available data from private health insurance plans show that price hikes by hospitals, doctors and drug companies have kept employer spending rising recently even as their employees and dependents have moderated their consumption of health care services.

Indy speedway replaces stage following inspection

A temporary outdoor stage set up to entertain race fans at the Indianapolis Motor Speedway has been replaced after it failed to meet new safety standards enacted by the state following last year's deadly stage collapse at the Indiana State Fair.

Residential

The average rate for 30-year mortgages was unchanged at 3.97 percent for the week ended May 23, according to Bankrate.com. The rate for 15-year mortgages fell from 3.20 percent to 3.19 percent.

People

Jason Weitzel has joined Capitol Construction as a project manager.