View as web page , View as PDF
 |
 |
 | | | |
 DJIA 11,218.8 -50.2 / S&P 500 1,229.7 -2.4 / NASDAQ 2,229.1 +0.4
 |  |  Tonight: Rain and storms, mild. Low 65. Friday: More rain and storms, muggy. High 79.
| |
|  Thursday, September 11, 2008 |
|
WellPoint may lose $214M on Fannie, Freddie
WellPoint Inc. expects to lose $214 million of its $243 million in investments in troubled housing lenders Fannie Mae and Freddie Mac, the Indianapolis-based health insurer disclosed yesterday. WellPoint said it would take a charge for the losses in the third quarter, but that the total figure is difficult to predict considering the volatility of the mortgage lenders. The company reaffirmed its profit expectation of $5.42 to $5.57 per share in 2008.
Man accused of stealing $120,000 from banks
A federal grand jury in Indianapolis has indicted Indianapolis resident James Moore, 27, accusing him of defrauding various banks out of $120,000. Moore obtained the money in cash payments after giving banks false information about the amount of money he had on deposit on various prepaid debit cards, U.S. Attorney Tim Morrison said in a statement.  |  | | | |
|  |
American Sentry assets scooped up for 'steal'
An Indianapolis startup company has acquired the intellectual assets of American Sentry Guard for what the new owner described as a fire-sale price. Armando Perez, who owns Integrated Security Solutions, said he bought the assets at auction late last month for less than $250,000 - half the price the assets would have brought had different buyers attended the auction. "We got a steal," Perez said.
Arcadia starts pharmacy project
Nearly a year after Arcadia Resources Inc. moved its headquarters from Michigan to Indianapolis, the company has started work on an additional pharmacy operation nearby that is expected to employ 130 by the end of 2010.
Arcadia, based at 9229 Delegates Row on the northeast side, said today it has finalized a lease on 7,000 square feet and that the first employees will be hired by the end of the year.
Clarian drops for-profit status in Lafayette
The $200 million hospital Indianapolis-based Clarian Health is building with a doctors group in Lafayette will open Oct.15 as a not-for-profit rather than a for-profit venture. The change in the joint venture, called Clarian Arnett Health, was driven by the desire to reinvest proceeds back into the partnership, according to The Journal & Courier of Lafayette. Those investments are expected to attract doctors, buy equipment and ultimately better serve the community.
Proposal to broaden sales taxes stirs interest
Indiana could lower its sales tax - but apply it to more services - and generate enough revenue to eliminate property taxes for homeowners, an interim panel of lawmakers was told yesterday. Unlike other proposals presented to an interim legislative commission on tax policy for eliminating all property taxes, or at least those on homeowners, two plans that would expand sales taxes to get the latter job done got a warm reception from some top lawmakers.
Firm proposes hydrogen plant near Marion
A hydrogen manufacturing company headquartered in Tinton Falls, N.J., says it plans to build a $227 million waste-to-energy plant in Wabash County instead of DeKalb County. ForeverGreen Enterprises Inc. had previously proposed a plant in an industrial park in Butler, north of Fort Wayne. The company now says it will team with International Power Group Ltd. of Celebration, Fla., to build a plant north of Marion at LaFontaine. International Power Group says the plant would convert hazardous waste into green hydrogen, methanol and electricity. | | | |
|
Probe sought in Daniels' use of state planes
Democrat Jill Long Thompson wants the state Inspector General's office to investigate Republican Gov. Mitch Daniels' election-year use of state aircraft. The Democratic gubernatorial candidate's campaign filed a formal complaint yesterday that also seeks access to Daniels' travel logs and the e-mails, phone records and time sheets of all state workers who may have helped plan the trips or traveled with him.
State to receive $10 million to retrain RV workers
Indiana will receive a $10.4 million emergency grant to help retrain recreational vehicle industry workers who lost their jobs because of layoffs caused by the struggling economy and high gasoline prices, Gov. Mitch Daniels said yesterday. Eligible displaced workers can receive up to $6,000 to enter a program to earn an associate degree or industry-recognized certificate in a program connected to high-need occupations. According to the Indiana Department of Workforce Development, about 6,000 RV workers filed unemployment claims from July 19 to Aug. 16, but it was not clear how many of those were permanently dislocated and thus eligible for retraining.
|  | | | |
| Residents irked about noise from ethanol plant
An ethanol plant that opened in April northeast of Indianapolis is creating a noise that nearby residents compare to the droning of a lawn mower that never shuts off. Roger Bennett, who lives 1-1/2 miles from the Poet LLC plant near Alexandria, said living near it is like having a neighbor who mows his lawn every second of every day. Despite the noise complaints, Poet plant manager Dave Hudak said the Sioux Falls, S.D.-based company is doing nothing wrong at the plant.
Mamet to actors: Stay out of school
David Mamet's book raises a ton of questions. Lou Harry's A&E
Scandal singes MBA entry exam
Some test-takers have been caught cheating. NewsTalk
UIndy unveils new dorm
A new dormitory is made from high-tech concrete block. Property Lines
Colts crack Forbes top 10
Stadium pushes local team to eighth most valuable in NFL. The Score
From IBJ staff - Compiled by Norm Heikens
Indianapolis remembers 9/11
Americans are paying tribute today to those who lost their lives in the Sept. 11, 2001, terrorist attacks. In Indianapolis, the fire department is raising money for families of fallen firefighters. The America Remembers Sept. 11 Memorial will be held at the Rathskeller, 401 E. Michigan St., from 4-10:30 p.m. The American Legion is holding a Legacy Walk from 1-3 p.m. The event leaves from War Memorial Plaza, with donations benefiting military children. Meanwhile, Mayor Greg Ballard and the United Way are co-hosting a community fair on Monument Circle until 2 p.m. Fox 59 will have more at 10 p.m.
Fever to honor injured Indianapolis cop
Indianapolis police officer Jason Fishburn, who is in rehabilitation after being shot in the head by a murder suspect in July, is expected to participate in a halftime recognition during tonight's game between the Indiana Fever and New York Liberty at Conseco Fieldhouse. Seven dollars of each ticket purchased will benefit the Jason Fishburn Fund. The game tips off at 7 p.m.
Colts tackle to be booted following arrest
Indianapolis Colts defense tackle Ed Johnson will be released today, less than 24 hours after his arrest for speeding and drug possession. A Hamilton County sheriff's deputy stopped Johnson for speeding along Interstate 465 early yesterday, and a search of the car turned up about 10 grams of marijuana. Colts president Bill Polian says Johnson has a history of problems dating to his college days at Penn State. Polian says the team had warned Johnson he was on a short leash.
Motorcycles invade the Circle City
MotoGP fans can get up close and personal today with riders participating in this weekend's inaugural Red Bull Indianapolis GP. Question-and-answer sessions under way at Indianapolis Motor Speedway conclude about 3:30 p.m. At 8 p.m., motorcycles will cruise through Broad Ripple for the Red Bull TNT Freestyle Motocross. Tomorrow, riders will start practice at IMS. Gates open at 7 a.m. The race begins Sunday at 3 p.m.
CEO change opens door to hospital merger
Clarian Health's merger with Muncie-based Cardinal Health System - announced Monday - began on Aug. 16, 2007. That's the day Cardinal announced that Kelly Stanley would replace CEO Bob Curtis, who had resigned abruptly the day before. It's also the day Clarian CEO Dan Evans phoned Stanley to talk. The two met for lunch soon after, Evans said. Merger talks wouldn't get serious until the second quarter of this year. But Stanley's willingness to talk was enough to cause Evans to back off plans Clarian had to build its own medical center in the Muncie area.   | | | |
|
| |  | | | | | | Visit IBJ's Web site, www.ibj.com | | | | | | Indianapolis Business Journal has launched a redesigned Web site with news updated throughout the business day. | | | | | At www.ibj.com you will find the latest business news from the Indianapolis area and around the state, video of IBJ events, CEO interviews from the Inside IBJ radio program, and our weekly podcast. | |
| | | |
| | |
| | |
No comments:
Post a Comment