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MH Equity portfolio firm plans liquidation
March 14, 2013
What was once Indianapolis-based MH Private Equity's most valuable portfolio company is going bankrupt. Entertainment
Publications LLC, which produces fundraiser coupon books, filed for Chapter 7 liquidation Tuesday.
MoreSubaru targets more growth at Indiana plant
January 15, 2013
The maker of Subaru cars is targeting a 6-percent increase in global sales this year, spurred by the introduction of a new
Forester SUV model. The company will use its plant in Lafayette to increase output.
MoreLugar's storied political career comes to a close
December 22, 2012
Colleagues and friends say Lugar’s commitment to foreign policy, which earned him a Nobel Peace Prize nomination, and
his belief in bipartisanship, which contributed to his thrashing by Tea Party favorite Richard Mourdock in the May primary,
will be sorely missed when he leaves the Senate in January after 36 years.
MoreHostess plant closings so far spare Indy, Columbus
November 13, 2012
The maker of Wonder bread and Twinkies said it is permanently closing plants in Cincinnati, Seattle and St. Louis. The company
has about 875 workers in Indiana, about half of them members of the striking bakers' union.
MoreHostess mulling Indiana plant closures after walkout
November 12, 2012
A Hostess spokesman said the company is debating whether it will close its Indiana plants after workers went on strike on
Friday. Hostess employs about 875 workers in Indiana, including 288 in Indianapolis.
MoreUniversity of Phoenix closing half its campuses
October 18, 2012
School officials did not say whether the University of Phoenix campus in Indianapolis off Interstate 465 near the Castleton
Square Mall would be among those closed.
MoreCummins to cut as many as 1,500 jobs; Indiana impact unclear
October 9, 2012
Responding to a sputtering global economy, Columbus-based Cummins Inc. said late Tuesday afternoon that it expects to cut
1,000 to 1,500 jobs by the end of 2012. The diesel engine manufacturer also cut its forecast for full-year revenue to about
$17 billion from $18 billion.
MoreState's largest private company on verge of IPO
September 19, 2012
Berry Plastics Group Inc., the largest private company in Indiana, may set terms for its initial public offering as soon as
this week, said two people with knowledge of the matter.
MoreIU, Purdue, others see big dip in MBA applications
September 10, 2012
Applications to the MBA programs at Indiana University and Purdue University fell sharply this year, part of a nationwide
trend among many of the nation's largest and most prominent business schools.
MoreSolar panel maker Abound to auction off assets
September 10, 2012
Abound Solar Inc., the bankrupt solar-panel maker that had hoped to hire up to 1,200 people in Indiana by the end of next
year, will have its assets sold at auctions this month and in October.
MoreReport: Simon foe General Growth hiring investment bank
September 6, 2012
The board of General Growth Properties—a longtime acquisition target for locally based Simon Property Group Inc.—may
reconsider a sale of the company two years after it spurned a Simon offer.
MorePeabody to close Indiana mine with 230 workers
September 5, 2012
Peabody Energy Corp. will permanently close its Air Quality Mine in Vincennes because of “soft” conditions. The
closure will affect 230 workers.
MoreWellPoint launches search for new CEO after Braly resignation
August 29, 2012
Investors are looking for a CEO who can right the Indianapolis-based company’s financial performance and integrate WellPoint’s
recent deals to buy Medicaid insurer Amerigroup Corp. and vision company 1-800-Contacts Inc.
MoreBraly's departure occurred sooner than many expected
August 28, 2012
Even though CEO Angela Braly was facing withering criticism, analysts thought WellPoint would be reluctant to change CEOs
while its $4.9 billion acquisition of Amerigroup Corp. was pending.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.