Factory production creeps up again
Production at U.S. factories grew in August for the 12th time in 14 months, but at a slower rate than earlier this year.
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Dry your eyes Colts fans, Bob Sanders will be fine
It would take a police officer, fire fighter or school teacher making $60,000 a year, 333.33 years to make what Colts' safety Bob Sanders got in guaranteed money from his current contract.
Lung Association: Smoking costs state $7.7 billion annually
The study conducted by researchers at Penn State University said tobacco use kills 9,700 Hoosiers every year. The report also found that if Indiana were to invest in comprehensive smoking cessation benefits, the state would receive a 19-percent return on its investment.
Tech companies adding 314 jobs in Zionsville
Two tech companies located in Northwest Technology Center in Zionsville plan to invest $3.6 million and add 314 jobs over the next four years, officials announced Wednesday morning.
UPDATE: Group pushing for constitutional property tax cap
Gov. Mitch Daniels joined others in promoting passage of a referendum that would make property tax caps in Indiana part of the state constitution.
UPDATE: Schrenker pleads guilty to securities fraud
Former money manager admits to bilking friends, family members and other investors out of millions of dollars before trying to fake his own death. He’ll be sentenced Oct. 7.
City finance chief to leave post for state role
City Controller David Reynolds, who started with the city when Mayor Greg Ballard took office in January 2008, has accepted a job as senior fiscal analyst for the Indiana Senate’s Republican majority caucus.
Also this week
The Kells, Disney World band Off Kilter and Micky Finn’s, the Saturday night band at Paddy Reilly’s in New York, and Indy’s own Hogeye Navvy are among the entertainers at this year’s Irish Fest at Military Park Sept. 17-19. Details here.
Theatre on the Square offers another in the “Nunsense” series of musical comedies. This one’s the mystery “…And Then There Was Nun.” It runs Sept. 17 to Oct. 16. Details here.
Footlite Musicals stages “The Producers,” Sept. 17 to Oct. 2 at Hedback Theatre. Details here.
The Bob and Tom Comedy All-Stars, featuring the morning show crew, along with Greg Hahn, Greg Warren, Bob Zany and more, perform two shows Sept. 18 at the Egyptian Room at Old National Centre. Details here.
Jackson Browne loads in to the Lawn at White River State Park, Sept. 21. He’s joined by David Lindley. Details here.
Storytelling Arts presents its first annual Ghost Story Contest at IndyFringe Theatre, Sept. 21. Details here.
Oranje
Sept. 18
2323 N. Illinois St.
If the Penrod and Broad Ripple Art Fairs are just a little too mellow for you, consider the sensory overload that is Oranje. In an otherwise vacant warehouse, more than 40 artists show their work while approximately the same number of bands and performers do their things. You’ll also find a Fashion Lounge, food, drink and more. Artists include Lobyn Hamilton, featured in IBJ here. Note: This is a 21-and-older event. Details here.
“Welcome to Heaven”
Sept. 17-25
White Rabbit Cabaret
Katie Angel, producer of last year’s sold-out “What Would the Neighbors Think,” has launched a new company, Angel Burlesque, focused on burlesque with a contemporary attitude. When I reviewed her earlier show, I said, “Don’t be surprised if old-school burlesque becomes the next big form of alternative entertainment here. Think roller derby without the risk of bruising.”
Thanks to Angel and her angels (both women and men), you’ll have a chance to experience the bumps and grinds for yourself at this and future shows at the recently opened Fountain Square venue. Details here.
“Sibling Revelry”
Sept. 17-19
Hilbert Circle Theatre
Perhaps you had the pleasure of hearing cabaret and Broadway great Liz Callaway when she performed at the Cabaret. And maybe you enjoyed the company of her jazzier sister Anne Hampton Callaway when she hosted Yuletide Celebration two years back. Now the two talented sibs return to Indy, together, for a weekend of shows with the Indianapolis Symphony Orchestra based on their popular cabaret act and recording. Details here.
Indy Jazz Fest Main Event
Sept. 18
Broad Ripple Optimist Park
Najee and Al Jarreau are the headliners for Indy Jazz Fest’s latest redo. The outdoor event has moved from downtown to Broad Ripple, and the entertainment will be focused on a single stage where, along with the two big names, the music will come from the likes of Mike Stern Band, Charmaine Neville and Owl Studios All Stars. A high school band showcase gets things started at noon.
Want to get started sooner? Then catch Dee Dee Bridgewater on Friday at the Madame Walker Theater. Details on all Indy Jazz Fest events here.
Company news
Indianapolis-based VoCare Inc. has raised $2.2 million from angel investors to launch a mobile device that connects doctors with patients, and expects to reach $3.5 million in fundraising by the end of the year. The startup has developed a device that can combine a tablet computer with a cell phone and a pendant device that calls for help in case of a fall. The company intends to charge about $600 for the device, which could replace a traditional cell phone, plus $120 per month for communication services. VoCare, which has six employees, hired Indianapolis-based AGS Capital LLC to do the fundraising.
Eli Lilly and Co. plans to invest as much as $150 million in three venture-capital funds to aid development of medicines. The funds may be worth up to $250 million each, and Indianapolis-based Lilly will contribute as much as 20 percent of the money, according to Bloomberg News. CMEA Capital, a San Francisco venture-capital firm, started raising money in August for one of the funds with Lilly. Lilly needs to find new medicines as drugs accounting for nearly half its 2009 sales are set to lose patent protection in the next three years, led by bestselling antipsychotic Zyprexa. The Indianapolis-based drugmaker spoke with more than 80 venture-capital and private-equity firms over a year before choosing partners, Bloomberg reported.
Major Hospital and St. Francis Hospital opened a $1.5 million cardiology center on Monday. The UnaVie center, located in the Intelliplex Medical Arts Center in Shelbyville, will house cardiologists, pulmonologists and other medical staff. Dr. Chris Ballast will serve as medical director for the cardiac clinic.
Columbus Regional Hospital has joined the Indiana Network for Patient Care, which allows more than 65 hospitals, long-term-care and other health care providers to swap clinical information about patients. The network, operated by the Indianapolis-based Regenstrief Institute Inc., processes 2.5 million transactions daily, including lab test results and medication and treatment histories. The network is also part of the Indianapolis-based Indiana Health Information Exchange. Columbus Regional is a 225-bed hospital south of Indianapolis.
State insurance chief Cutter dies
Indiana Insurance Commissioner Carol Cutter passed away Sept. 6 in Indianapolis after a months-long struggle with illness. She was 67. Cutter had been on leave from the department since January.
Musings on a Daniels presidential bid
Terms Daniels uses a lot—"statism" and "adult conversation"—could be revealing about his intentions.
Community moves to integrate doctors
Community Health now has about 550 physicians, either on its payroll or committed through integration contracts, who have some of their pay hinge on measures of quality and communication. CEO Bryan Mills says the hospital system is looking to add even more.
Senate panel refuses to fund GE engine made by Rolls-Royce
The decision holds potential bad news for Indianapolis engine maker Rolls-Royce, which produces the engines. Rolls-Royce is the region’s second-largest manufacturer, behind Eli Lilly and Co., with about 4,300 local employees.
Correction
BioCrossroads Inc. and Spring Mill Venture Partners did not participate in a recent round of fundraising by Indianapolis-based SonarMed Inc. The two groups gave money to the company earlier but did not add to their investments in the most recent round. The information was incorrect in the Sept. 8 IBJ Health Care & Reform Weekly.