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ITT’s youthful CEO has large shoes to fill

June 4, 2007

Kevin Modany, CEO of ITT Educational Services Inc., carries an iPod and downloads drum solo videos from YouTube. But when
Modany, a young-looking 40-year-old, talks about ITT’s 35-percent increase in first-quarter profit, he comes across as savvy
and confident of his ability to take the post-secondary education provider to even greater heights.

Baker Hill plans development announcement

June 4, 2007

Carmel bank software developer Baker Hill has scheduled a 1 p.m. economic development announcement with Indiana Economic Development Corp. President Nate Feltman. Local entrepreneur Mark Hill and other investors sold Baker Hill Corp. to Experian of Costa Mesa, Calif., in August 2005 for more than $75 million.

UPDATE: Baker Hill to announce 100-plus jobs

June 4, 2007

Carmel bank software developer Baker Hill plans to announce at its 1 p.m. news conference that it will create between 100 and 200 jobs, according to a source familiar with the announcement. The company has 200 employees in Carmel and a handful in other states. Indiana Economic Development Corp. President Nate Feltman will be on […]

D’vine move clears way for big project

June 5, 2007

Premier Properties has taken another step toward its ambitious plan for Woodfield Crossing. The company has a deal to relocate D’vine A Wine Bar from an existing retail building on the Woodfield property to another building it owns.

Carmel mansion is history

June 6, 2007

In the market for a 20,000-square-foot mansion with 4 bedrooms, 7 full baths and 5 partial baths? Too late! The former home of Dr. Donald Perez and his wife Karen, built in…

Blog: Demolition of Carmel mansion completed

June 6, 2007

Muncie rezoning land for mystery bio-life project

June 8, 2007

The Metropolitan Plan Commission in Muncie last night unanimously approved rezoning 35 acres for a life science facility that would cost $70 million and create up to 170 jobs. However, the identity of the company or organization planning the project wasn’t made public, according to The Star-Press of Muncie. Speculation is circulating in the city […]

Oak Street Mortgage slides into bankruptcy

June 8, 2007

Carmel-based Oak Street Mortgage, which not long ago was a high-flier poised to go public, filed for Chapter 11 bankruptcy this morning in federal court. Oak Street in December sold most of its assets to Kansas City, Mo.-based Novastar Financial Inc. amid a meltdown of the sub-prime mortgage market. Subprime lenders like Oak Street make […]

Star Financial is betting big on Indianapolis: Fort Wayne bank plans hub office, 4 new branches

June 11, 2007

Undeterred by stepped-up competition and tough margins, Fort Wayne-based Star Financial Bank is building an Indianapolis regional hub and has lined up land for four new locations. The privately held bank launched an Indianapolis-area expansion effort in 2001, and now has seven offices here-including three in Fishers, one in Carmel and one in Noblesville. The latest expansion salvo includes 25,000 square feet of leased space within an office building under construction at Keystone at the Crossing, next door to the…

Fascination with fans pays off: Fanimation’s unique designs sustain company amid tough competition

June 11, 2007

Try saying that three times fast. Or better yet, check out Frampton’s eclectic innovations at the local showrooms that stock them. Frampton, 51, is president of Fanimation Inc. in Zionsville, a designer and distributor of custom fans that circulate a cool breeze in ways rivaled only by his collection of bizarre antique models that often provide his inspiration. Foremost among his unusual creations of ceilingmounted fans is the futuristic Enigma, which sports a single blade and was featured in a…

Long-term care a long-term problem for Conseco: Losses mount in spite of huge insurance market

June 11, 2007

Conseco sells that coverage, called long-term-care insurance. But right now, it wishes it didn’t. The Carmel-based company has been losing millions of dollars a month on long-term-care policies, as the costs of providing care have outstripped the premiums collected. Conseco also is facing lawsuits and an investigation by a congressional committee into whether it wrongly denied customers’ claims under its long-term-care policies. The troubles have kept Conseco’s stock price depressed, furthering speculation that the company might be acquired. “It’s certainly…

Red Robin, Red Robin …

June 12, 2007

Colorado-based burger chain Red Robin is entering the Indianapolis market in a big way starting later this month. The chain plans to open its first location in Plainfield on June 18. It…

Companies must prepare for CEO turnover

June 18, 2007

A methodical process is the right way to change CEOs, according to succession-planning experts. And Indiana needs more of
its major corporations to do so. A wave of aging executives is at or near normal retirement age–in Indiana and nationwide.
How well those companies’ CEOs pass the baton will have a big impact on their companies’ futures.

Bank exec forms electric-vehicle biz

June 18, 2007

Banker Steve Tolen is attempting to resuscitate the electric car. Tolen believes conditions are ripe for an upstart automaker
to launch a safe battery-powered vehicle capable of rapid acceleration, highway speeds and over 100 miles of distance between
charges.

UPDATE: Getrag to hire 1,400 at new Tipton plant

June 18, 2007

German transmission maker Getrag Corporate Group and Chrysler Group said today the transmission plant they are building in a joint venture near Tipton will employ 1,400 when it comes online in 2009. That’s 200 more positions than had been discussed for months by local officials. Some of the positions will be filled by idled Chrysler […]

First Indiana’s new marketing plan features superhero mascot

June 25, 2007

First Indiana Corp.’s new marketing campaign features a superhero sporting an orange cape and a white jumpsuit with the First
Indiana logo. But First Indiana Man is just a means to introduce the real star of the bank’s most aggressive marketing and
account-growth effort in a decade: a free checking account the bank hopes will generate 20,000 new accounts in the next year.

‘Find your niche ‘:

June 25, 2007

His goal was to provide the proverbial one-stop shop, a place where “honey do” lists got done. Before long, he realized he may not have been aiming high enough. It seemed homeowners with not-so-handy honeys weren’t the only customers interested in what Schneller was selling. He also got calls from real estate agents who needed some last-minute home repairs completed before a sale could close. “They came to us with a laundry list of items,” Schneller said, ticking off an…

Horse track owners vie for control

June 25, 2007

Indiana’s two horse tracks could change hands as investors race to come up with the $250 million required to add thousands
of slot machines. The steep cost of a state license combined with the potential of a lucrative payoff has stakeholders in
Shelbyville-based Indiana Downs and Anderson-based Hoosier Park jockeying for position.

Tower Financial delays launch of Carmel bank

June 25, 2007

A Carmel bank planned by Tower Financial Corp. has been deferred indefinitely, the parent of Fort Wayne-based Tower Bank & Trust Co. said today. Tower said in October it would form Tower Bank of Central Indiana with $13.5 million to $15 million in capitalization. The decision to pull back was driven by “Indianapolis market conditions” […]

UPDATE: Tower cites competition for Carmel decision

June 25, 2007

Tower Financial Corp. is putting off its planned launch of a bank in Carmel because the Indianapolis market is becoming too crowded, a Tower spokeswoman said today. “We’ve seen many banks coming to town,” Michelle Gray told IBJ. Fort Wayne-based Tower had announced last October that it planned to enter the Indianapolis market by opening […]

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Search Results

8,697 results for 'Carmel'

People

Kurt Beier

Articles

ITT’s youthful CEO has large shoes to fill

Baker Hill plans development announcement

UPDATE: Baker Hill to announce 100-plus jobs

D’vine move clears way for big project

Carmel mansion is history

Blog: Demolition of Carmel mansion completed

Muncie rezoning land for mystery bio-life project

Oak Street Mortgage slides into bankruptcy

Star Financial is betting big on Indianapolis: Fort Wayne bank plans hub office, 4 new branches

Fascination with fans pays off: Fanimation’s unique designs sustain company amid tough competition

Long-term care a long-term problem for Conseco: Losses mount in spite of huge insurance market

Red Robin, Red Robin …

Companies must prepare for CEO turnover

Bank exec forms electric-vehicle biz

UPDATE: Getrag to hire 1,400 at new Tipton plant

First Indiana’s new marketing plan features superhero mascot

‘Find your niche ‘:

Horse track owners vie for control

Tower Financial delays launch of Carmel bank

UPDATE: Tower cites competition for Carmel decision