Indiana University Foundation lays off 18 staffers
The cuts, both in Bloomington and Indianapolis, come as part of an effort to trim $2.4 million from the fund-raising group’s
$26 million operational budget.
The cuts, both in Bloomington and Indianapolis, come as part of an effort to trim $2.4 million from the fund-raising group’s
$26 million operational budget.
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry
is experiencing its deepest woes in decades.
I am replying to the article in the March 1 IBJ where [Indianapolis Convention and Visitors Association President
Don] Welsh made his nebulous claims that Indy’s weak smoking ban hurts his ability to market the city to visitors and
convention business.
“Too little, too late” is the standard objection to the economic stimulus program now in effect. That criticism
is based on opinion, not fact. It will take several years to know whether the stimulus (or stimuli, because there was more
than a single stimulus) worked.
Much work remains before the city’s water and sewer utilities are sold to Citizens Energy Group, but the general outline
of the deal makes sense and deserves support—not political posturing—as final terms are hammered out.
Citizens Energy Group’s plan to buy the city’s water and sewer systems will require the utility to raise $262 million in new
bond debt and inherit $1.5 billion in debt. Yet Citizens executives maintain the financial load should not impair the bond
ratings of its principal utilities, Citizens Gas and Citizens Thermal.
Midwest Fashion Week Berny Martin says the 2010
event, which runs through March 20 at the Scottish Rite Cathedral, is less about the party and more about the business. Online
extra: Runway preview photo gallery.
The concept of more being better could be coming to a couple of institutions we know well.
By pounding health insurers such as WellPoint Inc., President Obama has greatly boosted his chances of success in the eyes
of Wall Street. But to make his health reform bill reality, he might need to answer the less-than-reassuring news coming from
Massachusetts.
The Indianapolis Capital Improvement Board on Monday rejected a request from Axe deodorant to place an advertisement in Lucas
Oil Stadium because the message is too racy for youngsters.
WellPoint Inc.’s Anthem Blue Cross & Blue Shield of Connecticut may constrain competition through contracts that require
that the insurer receives hospital discounts at least as favorable as any provided to a competitor.
The U.S. Attorney’s office in Indianapolis has been without a presidentially appointed U.S. attorney for more than two years.
Joe Hogsett, a former secretary of state, is likely the frontrunner.
Not-for-profit Keep Indianapolis Beautiful has been given a $10,000 dollar grant from the Alliance for Community Trees and
the Home Depot Foundation to help with its “2,012 by 2012” tree-planting initiative. The money will help the organization
plant 2,012 trees on the near east side in time for the 2012 Super Bowl at Lucas Oil stadium. The plan is part of a bigger
goal in which the group hopes to plant 100,000 trees in the next seven years.
Health and Human Services Secretary Kathleen Sebelius met at the White House with the CEOs of Indianapolis-based WellPoint,
Aetna, Cigna, UnitedHealth Group, as well as several state insurance commissioners.
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation’s largest mall owner—is trying to land his biggest deal yet.
Ann
Lathrop's interactions with the Indiana Pacers and Indianapolis Colts aren't what she might have envisioned as a young
college student pursuing a career in sports medicine. Now president of the city's Capital Improvement Board, her relations
with the teams are tied to their financial conditions rather than the health of their players.
Robust growth at marketing software maker Aprimo is fueling speculation it is about to make another run at going public, and
co-founder Bill Godfrey said he won’t rule out the possibility of an IPO.
Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it
could be up to his widow, Bren Simon, whether to fulfill that wish.
A few weeks back, I wrote about the two collections of Abraham Lincoln memorabilia on display at the Indiana
State Museum. Over the past week, two additional encounters with Abe reminded me that there is no shortage of material to be mined from
the life of the 16th president.
Wellpoint CEO Angela Braly was criticized by President Obama on national television. She incurred the wrath of health insurance
policyholders in California and Indiana. She reignited debate on the moribund national health care reform bill. A woman hasn’t
caused this much turmoil since all those ships were launched by Helen of Troy.