Peter Schnitzler

These days, many of the nation’s biggest banks need bailouts to avoid bankruptcy. But plenty of institutions far from the limelight of New York and other banking centers continue to make money and manage their affairs well. Which Indiana-based bank does it best? Merchants Bank of Indiana, whose main office is in Carmel, books better […]

The recession’s domino effect Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source of funding has dried up. The implications for Hoosier entrepreneurship are stark. “Right […]

Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source of funding has dried up. The implications for Hoosier entrepreneurship are stark. “Right now, it is very […]

Indy Partnership has been named one of the top 10 economic development groups in the nation by Site Selection magazine. Ron Gifford, CEO of the local not-for-profit, was scheduled to accept the award this afternoon in Asheville, N.C., at the national meeting of the Industrial Asset Management Council. Site Selection, a leading national economic development […]

The Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial burden on already ailing businesses with the least ability to pay. That’s the assessment of the Indiana Chamber of Commerce and Indiana Manufacturers Association, which are howling in protest at Gov. Mitch Daniels’ refusal to veto […]

It took Pete and Candace Kissinger 33 years to build West Lafayette-based Bioanalytical Systems Inc. into one of the largest contract research firms in Indiana’s life science sector. It took just a year and a half for them to turn against the company’s new management. The Kissingers quietly stepped down from the management team in […]

There’s a smorgasbord available for small businesses in the federal stimulus. The trick is figuring out how to get a plate. Plenty of local experts are serving up access to the buffet. And some entrepreneurs are digging in. But others consider the stimulus warmed-over leftovers. “For high-tech, high-growth businesses of the 21st century, there’s nothing […]

PNC Financial Services Group Inc. this morning reported first-quarter profit more than double analysts’ expectations. The Pittsburgh-based bank reported earnings of $530 million, or $1.03 per share, on $3.9 billion in revenue. It was the second-highest profit in PNC’s history and exceeded last year’s first quarter by 38 percent. On average, analysts surveyed by Thomson […]

Marion County Treasurer Michael Rodman is scheduled to deliver an update today on distribution of long-delayed local property-tax bills worth a combined $1 billion. He now expects to put the bills in the mail by June 1. Rodman, a Democrat, will make his presentation to the City-County Council’s Administration and Finance Committee at 5:30 p.m. […]

Marion County Treasurer Michael Rodman is scheduled to deliver an update today on distribution of long-delayed local property-tax bills worth a combined $1 billion. He now expects to put the bills in the mail by June 1. Rodman, a Democrat, will make his presentation to the City-County Council’s Administration and Finance Committee at 5:30 p.m. […]

The pressure on Indianapolis’ new downtown JW Marriott convention hotel to perform-despite the recession-is about to increase exponentially. The Marion County Capital Improvement Board’s bailout depends on it. CIB, which manages the city’s professional sports stadiums and its convention center, needs to close a $47.4 million annual budget deficit. On April 2, the Indiana Senate’s […]