Tiny town getting huge project
Locally based Mann Properties and Illinois-based Opus North are putting together plans for 1.5 million square feet of industrial and office space along Interstate 69 in Madison County. The 140-acre development, in…
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WellPoint yanks controversial letter
Californians are howling over the recent discovery that one of WellPointâ??s units made a practice of asking
doctors to report conditions that the insurance company could use to cancel medical coverage for new patients.
The letter amounted to asking doctors to…
‘Of course I’m going to use it’
The lawyer who accidentally sent an e-mail to a New York Times reporter about settlement talks underway with Eli Lilly and Co. asked that the reporter not use information from the e-mail in a story. However, the reporter, Alex Berenson, quickly dispelled any notion of keeping it under wraps. “And I said, you know, are […]
House sales, prices drop in January
Pended house sales in the nine-county Indianapolis area fell 12.2 percent in January from the same month last year, according to figures released today. The region saw 1,962 pended sales, compared to 2,235 in January 2007, said F.C. Tucker Co., which based the news on figures gathered by the Metropolitan Indianapolis Board of Realtors. Pended sales are […]
IU phone flap packs financial sting
With the revelation that the NCAA discovered more possible wrongdoings by Indiana University basketball coach Kelvin Sampson than the school reported in October, the embattled coach and his boss, athletic director Rick Greenspan, could become marketing liabilities for the school…
Slowing orders hit another trailer maker
Vanguard National Trailer Corp. has reduced its operations from two shifts to one, but did not cut workers, joining other truck-trailer makers that are responding to a slowdown in the market, reports The Herald Journal of Monticello. Vanguard National is a unit of China International Marine Containers Co. Ltd. and has its operations in the […]
Danica races into SI swimsuit issue
You can’t say Indy Racing League driver Danica Patrick doesn’t make a splash. Patrick can be found gracing the pages of Sports Illustrated’s annual swimsuit issue, which hits…
Trustee eyes $9M development
Plans are taking shape for a $9-million, four-story building that would replace a one-story, township-owned structure at 875 Mass Ave. Center Township Trustee Carl Drummer plans to lease the property to Riley Area…
MetLife closing north-side office
New York insurer MetLife Inc. is closing its call center at 9001 Wesleyan Road and shifting the employees to working from home, the company said today. Approximately 89 workers take calls for auto and home claims. The office is located near Interstate 465 and North Michigan Road.
Powerway CEO elevated to chairman
Powerway Inc., an Indianapolis-based developer of manufacturing quality control software, today gave CEO H. Dave Chambliss the additional title of chairman. Prior to his association with Powerway, Chambliss was chief operating officer for Georgia-based Visiprise Inc., which specializes in integrated manufacturing operations solutions. While at Visiprise, he led operations through the company’s acquisition of HMS […]
Township government travails
Center Township Trustee Carl Drummer may be a nice guy, but he sure knows how to squirrel away taxpayer
dollars, IBJ reporter Peter Schnitzler showed us in this weekendâ??s IBJ.
Drummer has racked up a $7.1 million surplus â??…
Smart strategy or spinning wheels?
While the lights for an Indy Racing League-Champ Car merger appear to be turning green, smoke is apparently pouring from Champ Car’s balance sheet. Two well placed sources confirmed Champ Car will likely file bankruptcy, possibly as early as today.
Champ…
Union wins at Towne first time in 42 years
Approximately 40 truck drivers employed by Towne Air Freight LLC in Indianapolis have voted to be represented by the International Brotherhood of Teamsters. It was the first time in Towne’s 42-year history that drivers have opted to join a union. The South Bend company had rebuffed four previous attempts over the decades. Drivers operating out […]
Do doctors make too much money?
Health insurance companies including Indianapolis’ own WellPoint Inc. have been relentless in trying to suppress
spiraling health costs. So relentless, in fact, that doctors are pushing back.
Physician groups in Kokomo, Rushville and other cities are refusing to take new patients…
Illegal immigrant bill hearing tomorrow
A hearing about legislation that would penalize businesses that knowingly hire illegal immigrants begins at 9 a.m. tomorrow before the House Committee on Public Policy in the House chamber at the Statehouse. The bill, authored by Sen. Mike Delph, R-Carmel, has passed the Senate, and makes it a misdemeanor for transporting, shielding from detection, concealing […]
Brightpoint to add Google functions to phones
Plainfield-based wireless device distributor Brightpoint Inc. today announced that it has inked a deal to add Google Inc.’s services to cell phones. Under the deal, Brightpoint will install Google Search and Google Maps on a range of smartphones. “It is a major deal for us,” said Brightpoint CEO Bob Laikin. “Aligning Brightpoint with Google is […]
Steak n Shake critic officially launches fight
A Texas-based investor group today officially launched its campaign seeking two seats on the board of The Steak n Shake Co. The San Antonio-based Lion Fund filed papers with the Securities and Exchange Commission seeking the election of the fund’s Sardar Biglari and Philip Cooley at the company’s annual meeting next month. The hedge fund, […]
Arcadia shares fall following loss
Arcadia Resources Inc. reported today that it lost $3.7 million in its third fiscal quarter, about the same as a year earlier. The latest loss was driven in part by discontinued retail clinics. But the company, which moved its headquarters to Indianapolis from Michigan last fall, stressed that cash flow from continuing operations in the […]
Four score and a canal conundrum
A community group is calling on state and local government officials to preserve a one-acre lot along the Central Canal as Lincoln Park in honor of the former president. The narrow strip…
Batter up: Indians score big profit
While it’s still frigid outside, it will be heating up inside the corporate offices at Victory Field today, where the Indianapolis Indians will conduct the franchise’s annual shareholders meeting at 3 p.m. It’s difficult to say how the team will…