Banking reforms may bite weakest institutions
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry
is experiencing its deepest woes in decades.
Peter Schnitzler
Articles
Bakehouse drives growth for Scholars Inn
Scholars Inn’s growth engine is its wholesale bakery, which distributes granola and other
fresh products across state lines thanks
to deals with
partners like Kroger.
Community banks face fight of their lives against big players
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower
costs.
ITT Educational awards top managers substantial raises
The Carmel-based for-profit educator paid CEO Kevin M. Modany $7.6 million in total compensation last year, a 63-percent increase over 2008. And the rest of his management team all enjoyed pay increases of 45 percent or more.
Hoosier Park owner seeks to reorganize $680M in debt
Centaur LLC, which filed for Chapter 11 bankruptcy protection on Sunday, plans to sell its Colorado casino. Much of its debt
was incurred to upgrade
Hoosier Park in Anderson and add its slots parlor.
Dow AgroSciences considered expansion elsewhere
Agricultural biotech firm hired a site-selection consultant and considered other cities around the world for its $340 million
expansion.
Dow Agro plans $340M expansion, 577 new jobs
The investment will greatly expand the company’s research and development capacity and is a major win for the Indiana
life sciences industry. Dow AgroSciences expects most of the positions to pay between $65,000 and $95,000 annually.
Ballard solicits business help in aid of Indy Parks
Corporate contributions, volunteerism help shore up struggling city department after recession-driven cuts reduce budget by
nearly one-fifth.
Ballard to visit Brazil on business-development trip
Economic development mission targets clean technology and motorsports business-development opportunities.
Dow Agro plans ‘major’ expansion announcement
Local Dow Chemical subsidiary expects to launch five new biotech products by 2012.
Conexus launches statewide online-procurement network
Indiana Supplier INsight offers free links between Hoosier providers and purchasers.
First Internet Bank suffers first loss since 2000
Problem loans led to a $2.1 million loss for the Web-based financial company in 2009.
$22.3 billion public pension merger poised to fail again
Key House Democrat recommends summer study for a Gov. Daniels legislative priority: consolidation of the $14.2 billion Indiana
Public Employees Retirement Fund and the $8.1 billion Indiana State Teachers Retirement Fund.
Ballard retooling city’s curbside recycling strategy
Mayor Greg Ballard plans to renegotiate the city’s trash-collection-and-processing deals, a move aimed at boosting Indianapolis’
woeful 3.5-percent curbside-recycling rate and making the city one of the best environmental stewards in the Midwest.
Daniels opens door on 2012 presidential campaign
After years of denying interest in a presidential bid, Indiana governor tells Washington Post political writer he
may consider bid for Republican nomination on platform of fiscal responsibility.
Bayh’s exit may pinch federal funds going to Indiana
Sen. Evan Bayh brought home the bacon—more than
$1.4 billion in federal appropriations and grants in just the last 12 months.
Obama’s stimulus aims to boost access to small-biz loans
No incentive can make a bad deal bankable. But President Obama’s stimulus measures are spurring some promising small businesses
to begin borrowing again, despite the recession.
Ballard’s high-risk IT project could save millions – or flop
Indianapolis Mayor Greg Ballard has decided to overhaul the city’s and county’s 1970s-era financial IT systems—a move
that could cement
his reputation for improving government efficiency. But the upgrade also is fraught with risk.
Banks suing Broadbent, pushing one strip center into bankruptcy
Locally based Broadbent Co.’s legal battles with lenders have escalated, pushing one of its 34 strip malls into bankruptcy
and prompting Huntington National Bank and PNC Bank to sue to collect principal owed on loans tied to four more.
Lilly awards pay increases to top executives
Eli Lilly and Co. CEO John Lechleiter’s total compensation increased $4.1 million in 2009.