Profits at ITT Educational Services Inc. soared nearly 53 percent in its second quarter, crushing the expectations of Wall Street analysts.The Carmel-based education company raised its year-end profit forecast by as much as 60 cents per share to a range of $7.55 to $7.85, confident that rampant joblessness will keep driving Americans back to its […]
SBA loan guarantees for the month of June. These businesses have received loans from financial institutions with a guarantee
from the SBA. Not all funds are disbursed immediately, and some approved loans are subsequently canceled.
For 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.
Tom Watson’s near British Open Victory yesterday has sent ticket sales skyward for the U.S. Senior Open hosted by Crooked Stick Golf Club in Carmel July 27-Aug. 2.
Watson will be one of the headliners of…
IBJ is completely off base to suggest that the new state budget was “balanced on the backs of poor children.”
As has been true of every state budget for the last two decades, students in Indianapolis Public Schools and other urban districts
are actually the biggest winners in this budget.
IBJ reporter Kathleen McLaughlin guest blogs today.
The Indianapolis Opera is adding another event to the busy fall festival scene, but it’s definitely striving to carve out a distinct niche. Operapalooza, planned for Sept. 11 and 12, will mix sets by…
Favorable article in prestigious journal could draw attention to Carmel biotech startup.
For a peek into just how hard the housing bust has hit the Indianapolis area, look no further than a new
study by the Indiana Business Research Center, an arm of Indiana Universityâ??s Kelley School of Business.
The region,…
Indiana welfare officials considering canceling the state’s privately run welfare system have no backup plan in place, and critics say it will be hard to undo the privatization of 1,500 state case workers more than two years ago. Anne Murphy, secretary of the Family and Social Services Administration, confirmed recently that the system led by […]
Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.
Local businessman J.B. Carlson contends the $15 million life insurance policy he took out on Stephen Hilbert’s mother-in-law
was legitimate, because she served on his firm’s board and was a key decision-maker. The mother-in-law, Germaine
“Suzy” Tomlinson, died at age 74 last September—just 32 months after the policy was issued.
Organizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket and sponsorship sales for the tournament remarkable. With less than a month until […]
Somewhere out there, a pimply teen-ager is texting away on her phone and working up an appetite for a Brownie Batter Blizzard. The 11-store Dairy Queen franchise owned by Dave Reasner knows this kid has shunned burger and chili-dog offers in the past. But on certain days of the week, she craves Blizzards more than […]
Organizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet
their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket
and sponsorship sales for the tournament remarkable.
Cincinnati-based First Financial Bancorp is expanding its Indianapolis-area presence by buying three bank branches and $200 million in loans from troubled Irwin Financial Corp. in Columbus. First Financial, the parent of First Financial Bank, said yesterday it is buying branches in Carmel, Greensburg and Shelbyville. The acquisition includes about $143 million in deposits and $50 […]
Cincinnati-based First Financial Bancorp is expanding its Indianapolis-area presence by buying three bank branches and $200 million in loans from troubled Irwin Financial Corp. in Columbus. First Financial, the parent of First Financial Bank, said yesterday it is buying branches in Carmel, Greensburg and Shelbyville. The acquisition includes about $143 million in deposits and $50 […]
Plenty of stories have been published and aired in recent days about migration…
Cafe Patachou owner Martha Hoover plans to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets. The new venture, called Napolese, should be ready by late fall and will feature traditional, Neapolitan-style pizza. Hoover said she decided to branch out from her popular cafe concept to bring another variety of pizza […]
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the…
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]
