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Debt
CNO Financial to take $57M charge in first quarter
March 28, 2013
Associated PressThe Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to
a recent tender offer.
MoreEx-gubernatorial candidates, biz leaders seek national debt fix
January 18, 2013
Associated PressA group of Indiana political and business leaders are joining a national effort to pressure Washington, D.C., politicians
to find a long-term debt fix.
MoreBattered Broadbent climbs back from brink
November 10, 2012
Cory SchoutenOne of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and
protracted legal battle with two lenders.
MoreWellpoint raises $1.35B in first convertible offering since '99
October 3, 2012
Indianapolis-based WellPoint Inc. sold its first convertible securities in more than 13 years with a $1.35 billion offering
of 30-year bonds.
MoreCarmel looks at $195 million refinancing package
August 3, 2012
Kathleen McLaughlinThe Carmel City Council will consider backing a $195 million debt re-issue, which would free up millions of dollars for further
development of the massive City Center project.
MoreCarmel councilors want final say on city's debt
March 15, 2012
Kathleen McLaughlinCarmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign
off on any additional debt. The ordinance is backed by at least five of the seven councilors.
MoreArcadia: Don't buy our stock
March 5, 2012
J.K. WallArcadia Resources Inc. is telling shareholders not to buy its stock because it is out of cash and faces a $40 million pile
of debt that comes due on April 1.
MoreFirms put off paying, despite easing financial pressure
January 29, 2011
Norm HeikensThe trend toward small businesses' delaying payments appears to have leveled off, but it's still unclear how soon—or
even whether—receivables will return to the 30 days that was standard for most businesses before the recession began
in December 2007.
MoreRefinancing boosts Bioanalytical Systems
December 8, 2010
J.K. WallShares of the West Lafayette-based pharmaceutical-services firm soared after it wriggled out from under a $1.3 million loan
that was due in February.
MoreIndiana Live owners miss interest payment
November 4, 2010
IBJ Staff and Bloomberg NewsThe owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing
additional fodder for credit analysts already worried about its financial condition.
MoreIndiana Live swamped by debt, faces potential default
October 16, 2010
Francesca JaroszOwners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in
debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.
MoreDeveloper facing legal action everywhere it has built condos
June 12, 2010
Cory SchoutenThree of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment
against them. It's only the tip of Page Development's financial straits.
MoreVogue owner's bankruptcy may force sale of venue
March 27, 2010
Peter SchnitzlerA mix of business and personal woes have pushed Steven Carter Ross, the longtime owner and manager of the Vogue nightclub,
into personal bankruptcy. Now a judge must decide whether Ross can keep the popular Broad Ripple music venue, or if he must
sell it to satisfy his creditors and his estranged wife.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreDebt collectors try soft approach
October 24, 2009
Peter SchnitzlerRecession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.
MoreAccuride warns of bankruptcy, reports loss
August 6, 2009
Scott OlsonEvansville-based truck parts maker Accuride Corp., one of the state's largest companies, warned
today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure
its debt.
MoreReal estate exec with lavish lifestyle accused of $160M fraud
January 14, 2008
Chris O'MalleyA high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors' money in the collapse of his real estate empire.
More$1.7M invested in failed firm not authorized, sources say
September 25, 2006
Chris O'MalleyTrade groups that host the Indianapolis Auto Show and represent 600 car dealers in the Legislature stand to lose $1.7 million
they loaned to a local debt-collection agency--loans that sources said were made without the knowledge of the groups' boards
or membership.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.