TechPoint to make awards to IT
The state’s technology initiative, TechPoint, is adding two categories to its annual Mira awards: health care IT and corporate
IT.
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Articles
Banks reel in real estate-WEB ONLY
The unfinished eight-story luxury condo building at 707 E. North St. is on track to get a reluctant new owner: Cincinnati-based Fifth Third Bancorp. The stalled Beilouny Luxury Properties development near Massachusetts Avenue could join dozens of properties-from undeveloped residential lots to half-vacant office buildings-to land on the books of banks during one of the […]
SBA loan approvals
These businesses have received loans from financial institutions with
a guarantee
from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled.Financial crisis, recession hammer deal flow
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.SMALL BUSINESS PROFILE: KERNS INTERNATIONAL LLC-WEB ONLY
Once recruited for a high-level management position at a major soft drink company, John Kerns is now the recruiter, searching for presidents, vice presidents and directors for a number of Fortune 500 fi rms. But with the economy nosediving and companies laying off workers by the hundreds and thousands, Kerns calls this the most difficult […]
UPDATE: ITT in ‘near-ideal’ environment-WEB ONLY
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
Pilot accused of fraud in federal court-WEB ONLY
The Hamilton County pilot accused of faking his own death appeared in federal court this morning. But a public defender says Marcus Schrenker, 38, isn’t mentally competent to stand trial. Schrenker’s attorney has asked a Florida federal judge to order a mental evaluation. Investigators say the Carmel investment adviser intentionally crashed his airplane in the […]
Analyst: ITT in ‘near-ideal environment’-WEB ONLY
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
ITT profit up 34 percent in 2008-WEB ONLY
A 29-percent increase in student enrollment helped ITT Educational Services Inc. grow its fourth-quarter revenue to $279.8 million, up from $230.4 million the same period the prior year. The Carmel-based technical school operator released financial results for the period ending Dec. 31 this morning. ITT posted a $63 million profit for the quarter, up 30 […]
Angie’s List announces employment cuts-WEB ONLY
Just three months after announcing an aggressive expansion, Indianapolis-based Angie’s List said today it is eliminating 90 jobs-about 20 percent of its work force. In an effort to trim costs, 50 jobs will be cut from the data acquisition and processing departments and another 40 from other departments, CEO Bill Oesterle said in a statement. The […]
Town of Fishers considers new form of government
Sitting in gridlocked traffic along Interstate 69, Fishers residents might already think of their town as
a city. This sprawling suburb of 65,000 people certainly looks nothing like the burg of less than 1,000 it was three decades ago.
But down at the municipal government complex, Fishers is still a town, just as it was incorporated in 1891.Spotlight on Hamilton County
Spotlight on Hamilton County Named for Alexander Hamilton, a member of the Continental Congress and a framer of the U.S. Constitution 5 LARGEST CITIES/TOWNS population Carmel ……………………………………….68,677 Fishers ……………………………………….65,382 Noblesville ………………………………….41,561 Westfield …………………………………….20,459 Cicero ………………………………………….4,439 Sources: U.S. Census Bureau special census (Fishers and Carmel) and July 2007 estimates 5 LARGEST EMPLOYERS employees Roche Diagnostics………………………….3,650 Conseco […]
Local chiropractor bounces into fitness business
Fishers chiropractor Steven Roberts had been teaching fitness classes using inflatable exercise balls for about seven years when he had a brainstorm—his adult clients might get even more out of them if the balls had handles.
Conseco to enter talks with Florida regulators-WEB ONLY
Conseco Inc. and the Florida Office of Insurance Regulation have agreed to enter discussions after the regulator threatened to revoke Conseco’s license in that state due to problems with its life insurance policies there. Officials at Carmel-based Conseco say they brought the problem to the attention of officials after they discovered a long-running error that […]
Kite clears $23.6 million from property sales-WEB ONLY
Locally based Kite Realty Group Trust has completed the sale of its Spring Mill Medical office complex in Carmel and Silver Glen Crossing shopping center in Chicago for a combined $48.5 million.After adjusting for partners’ shares, the real estate investment trust netted $23.6 million, the majority of which was used to pay down its unsecured […]
Conseco shares suffer after downgrade-WEB ONLY
Carmel insurer Conseco Inc.’s shares dropped 5.5 percent yesterday after an analyst downgraded the stock after regulators alleged that the company underfunded its policies.The stock closed the day at $4.45.New York-based Keefe, Bruyette and Woods Inc. cut its rating for Conseco and reduced its price target on the shares from $10 to $8, citing pending […]
Ron Hunter’s bare feet top the local year in sports
IUPUI basketball coach Ron Hunter is my first—and highly unofficial—Indiana Sportsperson of the Year.
Tougher standards give Appel Heating and Air Conditioning a boost
Business at Carmel-based Appel Heating and Air Conditioning isn’t cooling off, despite the nation’s economic woes. Revenue
continues to increase as the industry becomes more environmentally friendly.Angie’s List chief builds company, rebuilds Holy Cross
For several years, Angie’s List CEO Bill Oesterle also has been quietly attempting to revitalize the near-east side.
Taking a sightseeing vacation … right here in Indy
For eight years, we’d gone out of town for the holidays. But in this particular year not too long ago it looked like we had
no choice but to stay put. So we decided to do the same thing here that we would have done in Utah—sightsee.