ITT Educational Services Inc. and other for-profit educators saw their stock prices surge this morning, the day after a U.S. House panel approved a bill that aims to ensure students have access to loans-no matter the credit crisis. ITT Educational’s shares also may have been boosted by takeover rumors. Carmel-based ITT Educational’s shares shot up […]
Office vacancy in the Indianapolis area was little changed in the first quarter, according to Colliers Turley Martin Tucker. Despite a net absorption of 126,000 square feet, the vacancy rate edged up 0.2 percent, to 17 percent, from the fourth quarter of 2007, the brokerage said in a report issued yesterday. In the most recent […]
Helped by a combination of plant closures and better emission controls, industrial air pollution in the nine-county region
has fallen 14 percent since the economic boom of the late 1990s, a federal database shows. But even with the reductions, the
metro area will struggle to comply with reduced ground-level ozone limits announced by the U.S. Environmental Protection Agency
March 12.
The property tax reform plan recently signed into law by Gov. Mitch Daniels is expected to provide relief-eventually-for most homeowners. Unfortunately, the tax crisis wasn’t fixed fast enough for charter schools. Because property taxes haven’t been calculated yet this year, schools didn’t get funding advances from Marion County, something 15 of the county’s 21 charter schools needed last year. At least one school-Irvington Community Academy-has received help from the Greater Educational Opportunities Foundation in getting an emergency bridge loan of…
Many readers would call the Indiana literary legend Kurt Vonnegut’s legacy priceless. Not Mike Pellegrino. His job is to estimate
future sales of Vonnegut’s work so his estate can be fairly divided today. That means Pellegrino will have to determine whether
the author’s popularity is more likely to wax or to wane in the years to come.
A former Indianapolis Water executive who spent the last six years helping the United Nations find food for the starving has
returned and assembled the country’s largest underground utility locator company.
Stock in Conseco Inc. rose 2.7 percent this morning, to $10.47 a share, after the Carmel-based insurance company reported final results for its fourth quarter. In the quarter ended Dec. 31, Conseco lost $71.5 million, compared to $5.7 million in the same period a year earlier. On a per-share basis, Conseco swung to a 38-cent […]
Investment losses on subprime mortgage-backed securities and an adjustment to tax assets led Conseco Inc. to a big loss in its fourth quarter.The Carmel-based insurance company reported final financial results for 2007 last night – two weeks after reporting preliminary results. Final results were delayed because of a conversation between Conseco and the Securities and […]
Many Indiana school districts say they have no choice but to brace for cutbacks in areas like school repairs, computers and
transportation thanks to the property tax reform measure approved by the General Assembly and signed by Gov.Mitch Daniels.
With the deflation of the RCA Dome, Lucas Oil Stadium will become the home of the Colts, the NCAA Final Four and, hopefully, the 2012 Super Bowl. In late October, the new Indianapolis Airport will become the remarkable new gateway to our city. Yes, 2008 should be an amazing year. Then what? Expansion of the Indiana Convention Center and construction of the JW Marriott complex will soon be under way. As we bike around downtown on the Indianapolis Cultural Trail,…
Most free-lance writers eke out a living. The most fortunate live comfortable lives. But Mindy Mascaro turned her freelance writing business into a thriving company. Carmel-based ExaroMed LLC is now producing sales and marketing content for the like of Roche Diagnostics, Eli Lilly and Co. and Amgen Inc. It has also served smaller life sciences companies such as Indigo BioSciences Inc. and Cheetah Medical Inc. The company has zoomed from six employees to 20 in the last year. It’s already…
The growing threat of terrorism-both foreign and domestic -has alerted building owners to be much more concerned about security these days in the design of new and remodeled buildings. The recent murderous university rampages at Virginia Tech and Northern Illinois, for example, have become troubling reminders that developers and other building managers must carefully examine whether their structures make it easy or hard for would-be killers. It’s impossible to design a building that is completely safe under any and all…
Northern Indiana motorists and Democratic opponents of Gov. Mitch Daniels were screaming bloody murder. Daniels in 2006 convinced the Legislature to lease the vital highway and plum of political patronage-the Indiana Toll Road-to an Australian-Spanish consortium for nearly $4 billion. Some managers at the Indiana Department of Transportation also were screaming-with panic. Despite winning the departmental lottery of all time-an annual budget for new roads would now quadruple from $213 million a year to $874 million by 2015-Daniels wanted 200…
Greg Yust, formerly president and CEO of Sagamore Health Network Inc., has joined St. Francis Hospital & Health Centers as vice president of managed care contracting. Yust left Carmel-based Sagamore in January after a short stint. Sagamore was the state’s third-largest managed care organization when it was acquired in August 2007 by Philadelphia-based Cigna Corp. […]
Monical’s Pizza plans to open new restaurants in Carmel, Fishers and Indianapolis later this year. The Illinois-based chain, known for its thin-crust pies, already has six stores in Indiana: in Avon, Lafayette,…
Property tax reform took center stage during the just-completed session of the Indiana General Assembly. But lawmakers also grappled with a host of other measures with business implications. A roundup appears below. ILLEGAL IMMIGRATION ENFORCEMENT One of the session’s most divisive issues-whether to penalize companies that hire illegal immigrants-died during the waning hours. Under the legislation, introduced by Sen. Mike Delph, R-Carmel, companies could have had their business licenses suspended, or revoked after three instances. The Senate and House passed…
Noble Roman’s Inc. has taken over the operation of six franchised restaurants in Indianapolis in a bid to prove its concept
can be executed profitably. The move–which comes amid a chorus of discontent from franchisees and as the company explores
the possibility of selling itself–could help the 1,000-restaurant chain avoid the embarrassment of store failures in its
own back yard.
Anthem Insurance Co. added nearly 75,000 commercial customers last year, pushing its total up more than 4 percent. Anthem,
a subsidiary of Indianapolis-based WellPoint Inc., now claims a whopping 1.8 million commercial customers in the state. The
trouble is, Anthem’s dominance limits price competition, according to benefits brokers, making it hard for local HMOs such
as M-Plan or even some national players to compete.
SMALL BUSINESS PROFILE MATRIX LABEL SYSTEMS INC. Label maker manufacturing growth – again Fourth expansion project set to open this summer Within a month, Plainfield-based Matrix Label Systems Inc. will break ground on a fourth addition to its central Indiana facility, adding nearly 17,000 square feet of warehouse space and potentially more workers. That’s just the latest growth spurt at the 23-year-old company that started out of a garage and now has 50 employees and $15 million in annual revenue….
Delta Faucet Co. has cut 95 blue-collar workers at its plant in Greensburg, leaving about 662 employees. The Carmel-based company blamed ongoing sluggishness in the housing market, according to the Greensburg Daily News. Earlier layoffs at the plant have claimed about 100 workers, and about 30 jobs at the Camel offices. Delta is owned by […]
