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Investment Losses
Indians stock price takes hit
February 2, 2009
Despite year-over-year revenue gains and robust earnings, the economic downturn has finally caught up with the Indianapolis
Indians.
MoreIMA cuts will delay Art & Nature Park
January 6, 2009
Lou HarryThe Indianapolis Museum of Art today announced a series of cutbacks designed to trim $1.7 million from its budget due to revenue
shortfalls and "significant losses" to its endowment.
MoreWellPoint shares suffer
December 29, 2008
J.K. WallIt was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer's stock lost
more than 55 percent of its value during the year.
MoreConseco wins $29M judgment in latest round of legal war
June 23, 2008
J.K. WallConseco Inc. has won another round in court against former Merchants National Bank CEO James D. Massey this month, ringing
up a $29 million judgment against him in a court in Illinois. But Massey shows no sign of throwing in the towel in the years-long
litigation over millions he borrowed to buy Conseco stock. Massey was a director of Conseco from 1994 to 2000.
MoreOld National slaps Durham with suit
December 11, 2006
Greg AndrewsIndianapolis entrepreneur Tim Durham has run into trouble with one of his lenders. Evansville-based Old National Bank says
in a Dec. 1 lawsuit that Durham's Indianapolis-based holding company,Obsidian Enterprises Inc., is in default on $2.6 million
in loans that came due Nov. 1.
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Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.