Business, Economy and Consumer Affairs

Friday marked the official end to Indianapolis-based Anthem’s bid to merge with Cigna, and the second time in recent months a major health insurance merger has failed.

It underscores the uphill regulatory battle that big health insurers face in trying to join forces.

Anti-trust officials blocked mergers between Humana and Aetna, and Anthem and Cigna this year. Those four have something in common: they’re among their industry’s biggest, top-earning companies.

The Indiana-based Marsh grocery store chain filed for bankruptcy Thursday, triggering a process where it could be bought out, preserve more profitable locations, or close entirely.

The 44 remaining Marsh stores in Indiana and Ohio could close in 60 days if the company can’t find a solution. Marsh already closed 21 other low-earning locations and sold its pharmacy business this year.

Chris Morisse Vizza / WBAA News

West Lafayette officials Wednesday officially announced they plan to close off two additional streets in conjunction with the State Street overhaul.

City Development Director Erik Carlson says he’s been telling businesses for months that Brown Street would be dead-ended at River Road, even though there was no money secured for any further improvements.

Marsh Plans To Close Remaining Indiana Stores

May 9, 2017
Marsh Supermarkets

A Marsh Supermarkets spokesperson confirms the chain plans to close all of its 44 remaining locations (40 in Indiana, four in Ohio) in the next 60 days unless a buyer or a new business partner will allow the company to continue operations.

Marsh filed a notice Monday with the Indiana Department of Workforce Development indicating the closure of 16 stores that have more than 50 employees, as required by the state. The remaining stores have fewer than 50 employees.

Chris Morisse Vizza/WBAA Radio

This morning, WBAA's Wake-Up Call focuses on West Lafayette’s State Street reconstruction project and the effects of the extremely limited access to businesses along the street.

The owners of Von’s Dough Shack announced this week they’re permanently closing the business because customers are having a tough time getting to building.

Also this week, business owners learned the city will permanently close Brown Street will at River Road, eliminating a point of entry to stores near Wabash Landing.   

Stan Jastrzebski / WBAA News

The owners of Von’s Dough Shack, a calzone restaurant along West Lafayette’s State Street, say the roadway’s overhaul is forcing them to close.

Philip Brookes / https://www.flickr.com/photos/philipbrookes/

The cities of West Lafayette, Crawfordsville and Lafayette are among those in Indiana which have begun legislating to head off the effects of a bill giving sweeping new rights to cell phone companies.

The law, which Gov. Eric Holcomb has until Thursday to sign, allows so-called micro cell phone towers to be erected so cell phone signal strength doesn't wane as often.

West Lafayette Development Director Erik Carlson told his city's Board of Public Works Saturday that the technology is valuable, but that it has its share of problems.

Indiana’s manufacturing sector is regrouping after a legislative session they’d hoped would focus on workforce development.

While some advocates applaud the reform that did pass – geared toward using the career and technical education system to fix labor shortages – others say there’s a lot more work to be done.

The Indiana Supreme Court made a decision that will likely cost local governments millions of dollars in property tax revenue.

The conflict surrounds property tax valuations of big box stores – in this case, a Kohl’s. Local governments say the assessment should be based on how much value the property is worth to the current user, not some hypothetical future user.

Hoosiers will see more farm equipment in the fields in the next few weeks, as spring corn and soybean planting ramps up.

The U.S. Department of Agriculture expects farmers in Indiana and nationwide to plant more soybeans than ever this year, while corn acreage looks to hold steady.

Purdue University agronomist and self-named “corn guy” Bob Nielsen says corn prices are still lackluster, with plenty in storage, and that’s driven soybean prices up.

Pages