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News & Analysis
Carmel's Dormir raises $12M from venture capital firms
July 29, 2009
J.K. WallCarmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms. The company plans use the proceeds to acquire six to 10 companies this year
and more next year, according to CEO Tim Miller.
MoreCarmel's Dormir raises $12M from VC firms
July 29, 2009
J.K. WallCarmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms.
MoreDow AgroSciences names new CEO
July 29, 2009
Chris O'Malley, J.K. WallIndianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new
position, the company announced today. Antonio Galindez, 54, vice president of Dow AgroSciences' crops business, will step
into the top job.
MoreDow AgroSciences names new CEO
July 29, 2009
J.K. WallIndianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new
position, the company announced today.
MoreEli Lilly CEO, wife give United Way $1M gift
July 28, 2009
Kathleen McLaughlinEli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged to give the United Way of Central Indiana a total
of $1 million over the next four years as a “challenge to CEOs and other community leaders to step up their giving.”
MoreEli Lilly CEO, wife give United Way $1M gift
July 28, 2009
Kathleen McLaughlinEli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged to give the United Way
of Central Indiana a total of $1 million over the next four years as a "challenge to CEOs and other community leaders to step
up their giving."
MoreConseco says profit in line with estimates
July 28, 2009
J.K. WallConseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents
per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after
the market closed.
MoreLilly cancels trials for experimental MS drug
July 28, 2009
J.K. WallEli Lilly and Co. and a development partner has canceled clinical trials on an experimental drug to treat multiple sclerosis
after the drug failed to delay progression of the disease in trial patients.
MoreGrain Dealers Mutual merges with Florida firm
July 28, 2009
Scott OlsonIndianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
MoreAllstate ends Brickyard 400 sponsorship
July 27, 2009
Anthony SchoettleAllstate Corp. is ending its five-year run as the lead sponsor of the Allstate 400 at the Brickyard NASCAR race in Indianapolis,
company officials said today. The announcement comes after this year’s race at Indianapolis Motor Speedway
suffered a 20-percent attendance drop from last year’s event.
More125 workers at Indianapolis GM plant take buyout offer
July 27, 2009
Kathleen McLaughlinMore than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement
packages that are worth as much as $115,000 in cash per worker, a union official said this morning.
MoreRegulators hike Irwin Union's capital requirements
July 27, 2009
Peter SchnitzlerRegulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible
suspension of its business.
MoreOld National profit falls, but beats expectations
July 27, 2009
Scott OlsonSecond-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed
to exceed analysts’ expectations.
MoreSeniors are nation's fastest-growing group of entrepreneurs
July 27, 2009
Peter SchnitzlerFor four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout,
for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s
now 67 years old. And a first-time entrepreneur.
MoreBanks no longer in critical condition, but full recovery still distant
July 27, 2009
Scott OlsonThe banking sector is on the mend after being tattered by the financial crisis, but it still has a long way to go before
making a full recovery. That’s the consensus, judging from recent stock performances of the largest publicly
traded banks with a presence in Indianapolis.
MoreBanks building new branches despite online age
July 27, 2009
Marc D. AllanBank transaction counts—the number of people going into banks to make a deposit, cash a check or
conduct some other form of business—have declined in recent years with the increased popularity
of direct deposit, online banking and easy ATM accessibility. So why add branches?
MoreIndianapolis hotels feel pain of national slump
July 27, 2009
Anthony SchoettleHotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.
MoreClients flee advisory firm for not-for-profits
July 27, 2009
Kathleen McLaughlinWorkPoint, an Indianapolis firm entrusted to handle finances for not-for-profits, has lost several clients in the past 12
months, and all for the same reason—missing money.
MoreTime Factory will challenge Shutterfly, Flickr for Web photo market
July 27, 2009
Chris O'MalleyIndianapolis calendar publisher Time Factory Publishing is launching a Website to compete with photo sharing and publishing
sites Shutterfly and Flickr.
MorePoll says Colts are the local fan favorite
July 27, 2009
Anthony SchoettleA newly released 2008 poll shows the Indianapolis Colts thumping the Indiana Pacers in fan support, which isn’t a
surprise given the recent fortunes of the teams. But some observers say the numbers are more a reflection of the popularity
of the National Football League and the Colts’ Peyton Manning than an indictment of the Pacers.
MoreBattered manufacturing towns hungry for food processors
July 27, 2009
Kathleen McLaughlinEconomic development officials like the stability of the food business, though wages typically are mediocre.
MoreSt. Francis buys big cardiology practice
July 27, 2009
J.K. WallAs concern grows among medical providers that health care reform augurs lower payments, St. Francis
Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its
facilities.
MoreRedevelopment eyed for former jail building
July 27, 2009
Cory SchoutenProspective buyers need a little vision to see the potential in the four-story former jail at the southwest corner of Maryland
and Delaware streets.
MoreCity files complaint against Bright House Networks over unpaid fees
July 27, 2009
Chris O'MalleyA municipality has filed the first formal complaint against a cable television operator since state telecommunications reform
three years ago unplugged local government oversight of operators.
MoreAdvertising veterans launch new agency
July 27, 2009
Anthony SchoettleThree Indianapolis advertising and marketing veterans have launched a new full-service agency. While the timing might not
be great—with the swooning economy—Dave Lesh, Bruce Dean and Bill Hendrickson think they have the experience to
forge a solid business.
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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.