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Articles

Health care reform means changes for Indiana employers

July 14, 2010

Nearly four months after President Barack Obama signed a health reform bill into law, businesses are still grappling with its
impact on the health benefits they offer their employees.

CFO of the Year – Event

June 22, 2010

Friday December 3, 2010 7:45 AM EST
The Westin, Downtown

CFO 2010

Home Loan Bank CEO dashes talk of impending merger

June 17, 2010

The recent chatter followed the bank board’s decision to award CEO Milton J. Miller II a severance agreement entitling him to extra pay in the event of a merger.

Slow economy bruises profits of Indiana’s largest public companies

June 16, 2010

One-time events influenced bottom lines of some of the few companies that made more money in 2009.

MAURER: Take a chance on Brightpoint shares

June 10, 2010

Here’s the new plan: Purchase the stock at $7.25 to $7.50 a share, and hope to realize a 15-percent to 20-percent gain
in the short term.

Interactive Intelligence performance lifts CEO’s pay

April 15, 2010

CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169
percent.

Web site developer Imavex gets new CEO

March 16, 2010

A former executive of Indianapolis-based engineering firm The Schneider Corp. has been named CEO of Imavex LLC, a Noblesville-based
Web site developer and Internet marketing consultant.

Zoning board denies new digital sign for IBJ Media

March 3, 2010

A city planning board has denied a request from IBJ Media Corp. for a new sign including a small variable-message component
outside its headquarters at 41 E. Washington St.

People

March 2, 2010

Dr. Judy Monroe will end a five-year run as Indiana state commissioner of health on March 8. She will become
deputy director of the U.S. Centers for Disease Control and Prevention, overseeing communication between federal and state
public health agencies. Until Gov. Mitch Daniels names a replacement, Monroe’s deputy, Loren Robertson, will fill her
shoes.

Community Heart and Vascular, a unit of Community Health Network, named Kevin Fowler chief financial officer.
Fowler, who earned his MBA at Indiana State University, has been the CFO at Lubbock Heart Hospital in Texas since 2007.

Community Heart and Vascular hired two electrophysiologists, Dr. Chad Bonhomme and Dr. Krishna Malineni,
along with Dr. Shalabh Singhal, an invasive cardiologist. The unit of Community Health Network has now hired
eight physicians in the past year.

OrthoWorx, a Warsaw-based group focused on advancing the city’s orthopedics implant industry, named Cheryl
Blanchard
as its chairperson. Blanchard is chief scientific officer at Warsaw-based Zimmer Holdings Inc.

Bloomington-based Cook Pharmica promoted Veda Walcott to be its vice president of quality and corporate
compliance officer. Walcott has worked for Cook Pharmica since 2005 after stints at Cook Medical and Baxter BioPharma Solutions.

Dr. Richard Aina, an internist who focuses on chronic diseases, has joined St. Vincent Physician Network
in Indianapolis. Aina received his medical degree from the University of Illinois College of Medicine in Champaign, Ill.

Duane M. Schmitz, a former executive at Eli Lilly and Co., has joined Indianapolis-based Harrison College
as president of its online division. Nearly half of the for-profit school’s students take at least one course online.

 

Bioanalytical Systems reports quarterly loss

February 17, 2010

Bioanalytical Systems Inc., a West Lafayette-based life sciences contract research firm, on Wednesday reported a loss of $1.4
million for its fiscal first quarter.

WellPoint CFO says insurance ‘mega-mergers’ unlikely

February 9, 2010

WellPoint Inc. chief financial officer Wayne DeVeydt said President Obama’s Federal Trade Commission is unlikely to approve
mergers among the biggest insurers.

Steak n Shake changing its name, moving HQ to Texas

February 4, 2010

Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to
change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.

Court affirms receiver for Michelle Schrenker’s assets

January 19, 2010

Indiana Court of Appeals agrees with lower court’s decision to appoint receiver to oversee finances of ex-wife of convicted
money manager Marcus Schrenker.

Lender alleges Lauth insiders backdated loan documents

January 14, 2010

The largest creditor for Lauth Group Inc. has asked a bankruptcy judge to appoint a trustee after evidence in a related case
suggested Lauth insiders may have backdated documents to thwart creditors.

State links university funding to lifting graduation rates

January 14, 2010

The
Indiana Commission for Higher Education late last month slashed college budgets based on key performance
measures.

KATTERJOHN: Indiana Achievement Awards live on

December 3, 2009

en years ago, Dodson Group CEO Jim Dodson came to IBJ with an idea to launch a program that would recognize
best practices in the not-for-profit community and reward organizations that practiced them. And not just with
a pat on the back—with hard cash.

Hoosier Park owner misses $13.4M loan payment

October 29, 2009

Indianapolis-based Centaur LLC, owner of Anderson’s Hoosier Park horse track and casino, missed a $13.4 million interest payment due Tuesday on its more than $400 million in outstanding debt, putting the company in default with its lenders.

ITT stock swoons despite higher profits, enrollment

October 22, 2009

Investors dumped shares of ITT Educational Services Inc. on Thursday morning as the company remained mute on its year-end
profit forecast while announcing that its bad-debt expenses were rising faster than revenue.

Consultant: Indianapolis water utility lax in overseeing Veolia

October 15, 2009

The city too often relied on the Department of Waterworks’ board, on consultants and on the private
operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient
operation, maintenance and management” of Indianapolis Water. That’s one of several critical
findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request
pending before the Indiana Utility Regulatory Commission.

Economist: Recovery at hand, but barriers exist

October 9, 2009

Leading
indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay
a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ’s annual Economic Forecast.

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