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Articles
Butler’s lofty goals may require jump to bigger conference
The idea of Butler University joining the Big Ten once seemed laughable. But so did coming within a basket of beating Duke
for the NCAA hoops title. Finances and desire for growth could force the Bulldogs to consider leaping from the Horizon League.Also this week
Phil the Void presents “Evening Banana,” April 16-17, IndyFringe Theatre. Details here.Indiana University Theatre presents Stephen Sondheim’s “A Little Night Music,” April 16-24
at the Ruth N. Halls Theatre, Bloomington. Details here.Encore Vocal Arts presents “Flight of the Spirit,” featuring the Zionsville Community High School
Chamber Choir and AirKISS aerial dance, April 17 at the Zionsville Performing Arts Center. Details here.Indianapolis Symphony Orchestra joins with student musicians for its annual Side-by-Side Concert, April
21 at Hilbert Circle Theatre. Details here.The Carmel Arts 7 Design District Gallery Association presents Art in Bloom Gallery Walk, April 17 in downtown
Carmel. Details here.Butler Ballet presents “Swan Lake,” with music by the Butler Symphony Orchestra, April 16-18
at Clowes Hall. Details here.The American Pianists Association presents Nobuyuki Tsujii, April 18 at the Indiana History Center. Details
here.The IU School of Liberal Arts at IUPUI presents poet and National Book Critics Circle Award winner Edward Hirsch,
April 21 at IUPUI University Library. Details here.
Q&A: Jim Parker
Jim Parker was an executive at Anthem Blue Cross and Blue Shield and WellPoint for 14 years, including a year and a half as
chief of staff to CEO Angela Braly. He now is president of his own consulting firm, Meridian Strategic Advisors, in Indianapolis.
He spoke about the impact of the new health reform law on health insurers.Simon Property Group cranks up bid for General Growth
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization
and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.IUPUI cracks top 10 in MBA program rankings
The Kelley School of Business' "Evening MBA" program at IUPUI finished 10th overall and fourth among public
business schools in U.S. News & World Report's inaugural ranking of part-time MBA programs.Rockefeller: Insurers don’t spend enough on medical care
Indianapolis-based WellPoint “reclassified” more than half a billion dollars of administrative expenses as medical
expenses when it was defining its medical-loss ratio, according to a report released by U.S. Senator Jay Rockefeller’s
office.Clarian plans $375M hospital tower at Methodist
Clarian Health is planning to build a bed tower at Methodist Hospital in a massive project that shows renewed
commitment
to the downtown campus. The tower would have 175 to 250 beds and allow Methodist to make all its rooms private.Utilities face conundrum with carbon dioxide emissions
So-called carbon capture and sequestration, or CCS, is seen by some in the utility business as a potential salvation for coal.
But utilities may face a damned-if-you-do, damned-if-you don’t scenario.BENNER: One last look at the Bulldogs … in another universe
In the two weeks since the NCAA title game, I can barely go a waking hour without someone asking me The Question: What if Gordon Hayward’s shot had gone in?
STYLE: Should we knock the knock-offs?
In light of the copyright infringement lawsuits Coach has brought against two Indianapolis retailers, I find myself wondering
if my purchase would be an ethical one, especially as someone who appreciates apparel (and accessories) as an art form.Tomisue Hilbert investigates mother’s death, $15M insurance policy
The wife of Indianapolis businessman Steve Hilbert is working with a team of attorneys to determine whether her deceased mother’s
estate can claim the benefit of a life insurance policy issued by Houston-based American General Life Insurance Co.Pacers’ woes tied to Lucas Oil Stadium deal
Five years ago, the Indiana Pacers ownership was not included in discussions about a potential new downtown home for the Indianapolis
Colts, and now city and Pacers officials are paying the price.Marsh renews effort to sublease headquarters
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
Super Bowl practice facility moving to UIndy
Host committee opts to partner with University of Indianapolis and build community center at Arsenal Tech High School, the
original site of
the domed practice facility.Hotel worker sues Colts player
A hotel employee has filed a civil lawsuit against Indianapolis Colts defensive tackle Eric Foster. The 22-year-old claims
she was working at the University Place Hotel on the IUPUI campus when Foster sexually attacked her the morning of the NFL’s
American Football Conference championship game in January. She said she reported the incident to hotel security, then called
the Indianapolis Metropolitan Police Department, which referred her to IUPUI Police. Marion County Prosecutor Carl Brizzi
decided not to pursue criminal charges against Foster. The alleged victim’s attorney said the criminal investigation
was botched.Company news
Facing the tighter restrictions of health reform at home, WellPoint Inc. wants to follow just about every
other U.S. company in seeking growth in China. WellPoint CEO Angela Braly traveled to China last week to seek out a joint
venture partner to offer health insurance to the nation’s upwardly mobile population. "If everything moves on smoothly,
we are targeting 2011 for offering health insurance services through the venture,” Braly told the China Daily
newspaper. Indianapolis-based WellPoint already has a joint venture with three other American health insuers to provide medical
management consulting to Chinese insurance companies. But with China going through its own version of health reform, private
health insurance is poised to become a popular complement to government insurance programs, according to China Daily.
China's health insurance premiums totaled $1.6 billion in the first two months of this year, according to the industry
regulator, up 34 percent from the same period last year. Such growth is enticing to WellPoint, which has been losing customers
and premiums at home.Whew! Bioanalytical Systems Inc. gets to stay on the NASDAQ Capital Market after a recent surge kept its
share price above $1 for three straight weeks. NASDAQ had threatened in March to delist the West Lafayette-based company if
its stock price didn’t improve. The company’s shares closed at $1 apiece on March 31 and haven’t dipped
below that level since. Bioanlytical provides contract research services and monitoring instruments to drug-development companies
and medical research organizations.After months of rumors, Roche Diagnostics finally acquired Israel-based Medingo Ltd., which has a semi-disposable
insulin patch pump that Roche hopes to couple with its blood glucose meters. Roche, which is based in Switzerland but runs
its North American business out of Indianapolis, paid $160 million for Medingo and promised various payments if the company’s
product achieves key milestones in its development and sales. The product is set to launch in 2012. Roche holds the largest
market share worldwide in devices for diabetes care, but it has been losing ground to competitors in the U.S. market.Warsaw-based Biomet Inc. posted a $3.1 million loss in its quarter ended Feb. 28, a big improvement from
its $479 million loss in the same quarter a year earlier. Last year’s results were dampened by a $449 million impairment
charge that Biomet recorded on its dental business. But this year, the loss narrowed as sales surged 9 percent to $670 million
in the quarter, driven by a 17-percent spike in sales of knee implants. Cash flow rose 9 percent to $251 million, up from
$229 million in the same quarter a year earlier. Biomet’s financial results often are a bellwether for other orthopedic
implant companies, which report their quarterly results later this month.Carmel-based technology firm Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years, according to the Indiana Economic Development
Corp. Gemms, which develops electronic medical record systems for cardiology practices, has 40 employees now and plans to
add 69 more by 2015.Democrats want government approval of health premiums
Insurers like WellPoint Inc. should be required to get U.S. approval to increase premiums, Sens. Diane Feinstein and Tom Harkin
say.Indy anti-diabetes experiment takes off
UnitedHealthcare believes a program tested in the Indianapolis area will help it save money on claims.
Intermedia Festival
April 23-25
Central Library and IUPUI’s ICTC Complex
If you think Indianapolis is a town that tends to look backward rather than forward when it comes to the arts, consider a
visit to Central Library this weekend. There, dancers, musicians, visual artists and artists you’ll have trouble classifying
take part in this festival of next-wave creativity.The lineup includes composer/performer Pamela Z, whose bag of tricks includes “gesture-activated MDA controllers”;
Bora Yoon, who creates “architectural landscapes from found objects”; Big Robot, a band that mixes live musicians
with “computer and media interactivity”; and MPG: Mobile Performance Group, which attempts to engage using “automobiles,
video projection, cell phones, FM transmission, wireless hotspots, and any other technologies that allow artists to engage
the public.” Forgive me for using so many quotation marks but, in these cases, I find it necessary to accept the performers’
own definitions of what they do.The ambitious, one-of-a-kind weekend has been honchoed by Festival Director Scott Deal, a professor of music at IUPUI. For
details, and to reserve free tickets, click here.