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Smoke carries economic toll: Ban backers cite health, productivity costs

March 14, 2005

The annual cost of treating the secondhand-smoke-related illnesses of Marion County residents likely exceeds $16 million, a cost borne partly by businesses that provide their employees health insurance. Businesses also shoulder harder-to-calculate costs in the form of lost productivity and absenteeism, according to a 2002 study for the Marion County Health Department believed to be the best estimate yet of the local impact of cigarettes. But backers of the proposed City-County Council ordinance that would ban smoking in Indianapolis’ bars…

Departure of ATA exec still cloudy: Chief financial officer alleged termination was retaliation

April 18, 2005

When ATA Holdings Corp.’s chief financial officer “left the company” last June, as management ambiguously put it, many suspected the insider saw bankruptcy looming and wanted to bail out before the crash. David M. Wing, 53, may have seen something else that troubled him, suggests ATA’s most recent financial report filed with the Securities and Exchange Commission. “Wing contends that he was terminated in retaliation for exercising his rights and obligations under the Sarbanes-Oxley Act,” states a settlement agreement Wing…

Insurers go to the dogs, cats: Pet policies rise as owners show growing willingness to spend on their animals

May 29, 2006

Max the golden retriever has lymphoma. But fortunately for him, the disease is not a death sentence. That’s because a pet insurance policy covered most of the $4,000 in chemotherapy and drug treatments needed to keep the canine alive. While the pet insurance industry remains relatively small, it is gaining popularity. From 1994 to 2003, the number of people purchasing health care coverage for their four-legged friends rose 76 percent, according to Veterinary Pet Insurance in Brea, Calif. Dr. Jim…

Noble Roman’s seeking a return to glory

August 7, 2006

Noble Roman’s Inc. executives think they’ve found the recipe to lift their company out of its stock malaise. The Indianapolis company started franchising last year restaurants that feature dual branding with its Tuscano’s Italian Style Subs, and it plans 157 locations within three years.

Not-for-profits grow as college students take hands-on approach

February 19, 2007

Indianapolis not-for-profits are growing as more universities embrace service learning–an educational approach that encourages
students to incorporate academics into community service.

Economic development tops insurance initiatives: Raising money, lowering taxes top legislative agenda

February 26, 2007

The Indiana Department of Insurance wants to raise almost $2 million by hiking some fees it charges insurers, while still cutting their premium taxes in an effort to attract more companies to the state. The proposals are among several bills lawmakers are mulling that affect the insurance industry this legislative session. House Bill 1570, which would bolster Insurance Department coffers in part to hire more staff, has cleared early hurdles. It sped through both the House insurance and ways and…

Conseco loss climbs, as insurer boosts reserves

August 6, 2007

Conseco Inc.’s loss widened to $64.5 million in its second quarter-the fruit of pouring more money into its hemorrhaging long-term care reserves and into a class-action lawsuit settlement over life insurance policies. The Carmel-based life and health insurer lost 38 cents per diluted common share, compared with a 21-cent per share loss in the second […]

UPDATE: Conseco shares slide as losses mount

August 7, 2007

Stock in Conseco Inc. slipped 6 percent this morning to trade near $17 after the Carmel-based life and health insurer reported yesterday that its losses widened in its second quarter. The $64.5 million setback resulted from pouring more money into its hemorrhaging long-term care reserves and into a class-action lawsuit settlement over life insurance policies. […]

High-speed rail still on slow track in state: Economic study, innovative financing explored

November 26, 2007

The effort to put high-speed trains into service in Indiana and eight other Midwestern states sometimes seems as fanciful as the first manned flight to Mars. There have been years of talk and countless meetings. And it will be many more years before a vehicle is fueled-and-ready, if ever. In the 13 years since the Indiana High Speed Rail Association was formed in Highland, the closest thing to high-speed rail Hoosiers have seen is an occasional speedy European locomotive brought…

Reorganization points Arcadia in better direction

June 16, 2008

Arcadia Resources Inc. narrowed its losses in its fiscal fourth quarter, the Indianapolis-based home health care company reported today. Arcadia also grew its net revenue by nearly 8 percent to more than $37 million. The company recorded a net loss of $3.1 million in the quarter ended March 31. In the same period a year […]

Butler’s pharmacy addition just what the doctor ordered: New $14M building will help college meet increasing demand for graduates

June 23, 2008

Mary Andritz, dean of Butler University’s College of Pharmacy and Health Sciences, bursts into laughter when asked how long her department’s been short on space. “I’ve only been here for two years, but I think it’s been for some considerable amount of time,” she guessed. “Probably for 10 years.” Lilly Endowment Inc., however, is filling the prescription in the form of a grant to fund a 40,000-square-foot addition under construction and scheduled to open by the fall 2009 semester. The…

Franklin Electric profit surges

July 29, 2008

By Scott Olson Acquisitions and favorable exchange rates helped propel Franklin Electric Co. to a record second quarter. The Bluffton manufacturer of water and fuel pumps today reported profit of $15.3 million, compared to $6.6 million in the same period last year. Revenue shot to a second-quarter record of $201.7 million, up 32 percent. About […]

Lawrence Township School Foundation

December 15, 2008

The mission of the Lawrence Township School Foundation is to encourage and support creativity, innovation and excellence that
enhances the educational community of the Metropolitan School District of Lawrence Township.

Transit group forging plan-WEB ONLY

January 24, 2009

With commuter trains stuck at the proverbial station despite decades of studies, a businessled coalition is barreling forth with its own plan to study multimodal transportation and related land use. The newly formed Central Indiana Transit Task Force won’t stop at studying opportunities to link rail and buses in the metro area. It will also […]

Lafayette woman wins $157M in lawsuit-WEB ONLY

February 19, 2009

A jury has awarded a Lafayette woman $157 million dollars in a lawsuit against the makers of a tree stand that malfunctioned, leading to the death of her husband. Carol Simonton filed the lawsuit in February 2006, four months after her husband, Timothy Simonton, 42, was found hanging from a tree where he had been […]

Persistence pays off-WEB ONLY

February 21, 2009

Catheter Research Inc. should have disappeared a long time ago. But the Indianapolis company has persevered through numerous challenges-17 straight profitless years, a bankruptcy reorganization, a stint as a subsidiary of Biomet Inc., and a dispute among its owners. It now is flying high-even in the midst of a bad economy. Catheter Research grew its […]

Luck running out?-WEB ONLY

March 28, 2009

Hoosiers’ long ride on the gambling gravy train finally may be coming to an end. Casinos have swelled into a $2.7 billion industry here – one that paid $838 million in state and local taxes last year and ranked as the third-largest revenue source in the Indiana budget. That tax take has risen 126 percent […]

State’s gambling jackpot may have reached its limit

March 30, 2009

Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.

Indiana tax revenues down $157M in March-WEB ONLY

April 6, 2009

Indiana state tax collections were down $157 million in March, with total revenues $755 million less for the first nine months of the fiscal year than lawmakers had approved for spending. Revenues have fallen short of original projections in eight of the nine months so far in this fiscal year. They were $4.1 million ahead […]

WTHR’s reign faces new test-WEB ONLY

May 9, 2009

Early ratings from the all-important May sweeps suggest WTHR-TV Channel 13’s 15-year reign as king of local television news is secure for now. But the big test will come this fall when NBC’s weakening prime-time lineup is expected to put the ratings crown in play. The threat to the local affiliate will worsen in September […]

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