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$4.7B WellPoint deal leaves workers in limbo

April 13, 2009

Investors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but
the fate of about 2,100 WellPoint employees now is up in the air.

Body found in White River may be missing boater-WEB ONLY

April 13, 2009

Police hope they have solved the case of a boater last seen on Valentine’s Day. Crews were called to the 4300 block of North Michigan Road yesterday after a bird watcher spotted a body in the White River. Ethan Runnels vanished two months ago while canoeing. Investigators won’t be able to make a positive identification […]

Overnight crash kills one on northwest side-WEB ONLY

April 13, 2009

One person is dead after an accident about 1 a.m. today involving a pickup truck and a semi on 71st Street near Hollingsworth Drive in Indianapolis. The driver of the pickup died at the scene and the driver’s passenger was in serious condition at Wishard Hospital.

Emmis calls ad climate ‘incredibly weak’-WEB ONLY

April 13, 2009

Emmis Communications Corp. said today that the “advertising environment remains incredibly weak” and that it has hired a financial adviser to explore restructuring some of its debts. The Indianapolis-based company, which has more than $400 million in debt, borrowed another $71 million April 10, according to a regulatory filing this morning. Emmis said in the […]

Home sales down, but improving in some areas-WEB ONLY

April 13, 2009

March home sales in central Indiana were down 2.7 percent compared with the same month last year, but the regional housing market could be showing signs of a rebound, according to F.C. Tucker Co. statistics released today. Overall, pending home sales for the region fell from 2,362 in March 2008 to 2,298 last month. Marion […]

Barnes & Thornburg opens Ohio office-WEB ONLY

April 13, 2009

Barnes & Thornburg LLP this morning announced the opening of its second new office within the past week – this one in Columbus, Ohio. The Indianapolis-based law firm’s Columbus office is its first foray into Ohio. It follows the Atlanta office that the law firm launched last week. Barnes & Thornburg now has nine locations […]

Poll: Taxpayers more frugal with refunds-WEB ONLY

April 13, 2009

Most people say they plan to use this year’s tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall. Fifty-four percent of those receiving refunds said they intend to pay off credit card, utility, housing and other bills, according to an Associated Press-GfK poll released today. That […]

Poll: Taxpayers more frugal with refunds-WEB ONLY

April 13, 2009

Most people say they plan to use this year’s tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall. Fifty-four percent of those receiving refunds said they intend to pay off credit card, utility, housing and other bills, according to an Associated Press-GfK poll released today. That […]

Home sales down, but improving in some areas-WEB ONLY

April 13, 2009

March home sales in central Indiana were down 2.7 percent compared with the same month last year, but the regional housing market could be showing signs of a rebound, according to F.C. Tucker Co. statistics released today. Overall, pending home sales for the region fell from 2,362 in March 2008 to 2,298 last month. Marion […]

Playing conservative with refunds

April 13, 2009

Americans are in a mood to pay down their debt, a survey shows. Most who expect to receive tax refunds plan to use the money to pay off bills, and the trend is particularly strong among those making…

Quotas in theater schedules?

April 13, 2009

The Denver Post offers a thought-provoking piece about “slot plays.” That is, an annual “African-American play” or “Hispanic play” that fills a regular slot in a theater’s schedule. Right now, to some eyes, the IRT is doing that with “Crowns” and the Phoenix with…

Tribe stockholders shut out Biglari

April 13, 2009

This past week I reported on Steak n Shake’s troubles with their advertising agency. That’s not the restaurant chain’s only concern. The company’s chairman, Sardar Biglari, isn’t so talkative these days….

Mayor set to outline his CIB proposal-WEB ONLY

April 13, 2009

Mayor Greg Ballard will announce his proposals to resolve the Capital Improvement Board’s financial problems at its monthly meeting this afternoon. The mayor will endorse some of the solutions favored by state legislators as well as introduce his own recommendations, Robert Vane, spokesman for the mayor, told IBJ this morning. Senate Appropriations Chairman Luke Kenley […]

Barnes & Thornburg opens Columbus, Ohio, office-WEB ONLY

April 13, 2009

Barnes & Thornburg LLP this morning announced the opening of its second new office within the past week – this one in Columbus, Ohio. The Indianapolis-based law firm’s Columbus office is its first foray into Ohio. It follows the Atlanta office that the law firm launched last week. Barnes & Thornburg now has nine locations […]

WellPoint to sell subsidiary for $4.6B

April 13, 2009

WellPoint Inc. has
agreed to sell its pharmacy benefits management arm for $4.675 billion in cash and stock to St. Louis-based Express Scripts,
the companies announced April 13.

You-review-it Monday

April 13, 2009

It’s that time again.

Time to chime in with your A&E experiences from the weekend. I had a three-day run of catching “References to Salvador Dali Make Me Hot” at the Phoenix Theatre, the launch of “Treasure Island” at…

Tavern owner’s $2M settlement divvied up-WEB ONLY

April 13, 2009

More than $2 million forfeited by former state Teamsters president and accused gambling ring organizer John L. Neal will be divided among police agencies, prosecutors and an attorney. The Indiana Alcohol and Tobacco Commission and its investigative arm, the Indiana Excise Police, will receive 35 percent of the total sum of $2.09 million, or more […]

Stem cell discovery promises health care revolution

April 13, 2009

Scientists are using a new stem-cell technique that may someday revolutionize care for disorders as diverse as diabetes, Alzheimer’s
disease and muscular dystrophy.

The tax system has fluctuated throughout the ages

April 13, 2009

Let’s reflect on the origins of the current income tax system to help understand it better.

Life sciences stand to gain from stimulus spending

April 13, 2009

Indiana and Purdue universities are well-positioned to take advantage of the $11.5 billion available for life sciences and
biotech research from the federal stimulus package.

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