Former insiders of One Call Communications appear to be targets of a Justice Department criminal inquiry, according to a filing by the defunct company’s court-appointed receiver. Pittsburgh-based Meridian Group said it was served a subpoena Sept. 19 from the U.S. Attorney for the Western District of Pennsylvania to testify before a grand jury on Oct. 21 on matters involving One Call.
A baby born of Indiana telecom reform is having some teething pains. AT&T’s U-verse, Ma Bell’s high-tech answer to
cable television’s troika of video/voice/Internet service, has generated several consumer complaints to
state regulators since it was rolled out here in earnest last year. The complaints range from long installation
times to frozen television pictures that require rebooting the system or calling a technician.
A rush of government-aided acquisitions has bestowed a too-big-to-fail halo over the likes of JP Morgan Chase, Bank of America and Citigroup. But what about the formidable regional banks that operate more than half the bank branches in the Indianapolis area? How stable are banks like National City, Huntington, Fifth Third, Key, M&I and Regions? Their shares have endured a rough ride on Wall Street, but there’s little evidence the ups and downs reflect the true health of the institutions….
Ground should be broken late this month or in early November, with completion expected by summer. Cost of the 40,000-square-foot facility-4,000 square feet smaller than the one here-is estimated in the $8 million to $10 million range. While it may be a bit smaller in size, the scope is broader. The new incubator will promote both life sciences companies and information technology firms. That goal differs from the mission of the existing IU Emerging Technologies Center on 10th Street, which…
Indianapolis advertising executive Dan Roman and several other employees have departed Roman Brand Group in the wake of a merger with Akron, Ohio-based Malone Advertising. Both Roman Brand Group and Malone Advertising are part of New York advertising heavyweight JWT. Under a plan that went into effect Oct. 1, Roman will have two general managers, […]
“Be fearful when others are greedy and greedy only when others are fearful.” This philosophy, which Warren Buffett espoused to a group of Columbia University students when he was just 21, has served the billionaire investor well. And it may serve you well as you navigate the ugliest stock market in three decades. To be sure, the thrashing that stocks in Indiana and across the globe have weathered in recent weeks has been nearly across the board-savaging the shares of…
If someone slips and falls in a parking lot, was it the fault of the property owner because he didn’t plow, or was the snow not deep enough in that area to prove a duty to plow? If a child darts in front of a car at dusk, were the conditions at that moment in the day enough for the driver to be able to see the child? Should the driver legally have had his or her headlights on, and…
Stocks in Indiana and across the globe shot higher this morning, wiping out some of the devastating losses of last week, one of the worst in the history of Wall Street. In late morning trading, the Dow Jones industrial average was up more than 450 points, or 5.5 percent. The S&P 500, meanwhile, had advanced […]
HAMILTON COUNTY Carmel adopts budget of $89 million for services The city of Carmel has passed an $89 million budget for 2009. At its Oct. 6 meeting, the Carmel Common Council adopted the budget, which is based on a property tax rate that’s lower than the rate Carmel Mayor Jim Brainard, a Republican, inherited when […]
Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.
An influx of students going back to school in sluggish economic times drove third-quarter profit 26 percent higher for ITT Educational Services Inc., the Carmel technical school operator reported today. Profit shot to $50.2 million, and enrollment of new students soared more than 19 percent from the same period last year. The $1.28 in earnings […]
Stock in ITT Educational Services Inc. shot up 6.7 percent this morning, to $77.67 a share, after the Carmel-based technical school operator reported a 26-percent increase in third quarter profit. Net income rose to $50.2 million, and enrollment of new students soared more than 19 percent above the same period last year, as students returned […]
Conseco Inc. expects its improving profits from operations to be overwhelmed by investment losses when it reports its third-quarter results next month. The Carmel-based insurance company, in a preliminary report, said it expects quarterly operating profit of $53 million to $59 million before investment losses, a rebound from last year’s third quarter loss of $22 […]
In this year’s election cycle, the policy watchword is "change." But amid the partisan debate, another type of
change is revolutionizing the way candidates track voters and spread messages. Communication tools like
text messaging, social networking and YouTube are increasingly integral to successful politics.
Over the last five years, Daleville’s Ontario Corp. has successfully divested two of central Indiana’s larger high-tech firms. It’s had less luck resolving its debts. This month, a federal court in Indianapolis reopened a lawsuit filed three years ago by Charles Craig-one of Ontario’s former executives-and his wife, Barbara. Their complaint alleges Ontario defaulted on $1.3 million in promissory notes. According to court documents, the company east of Anderson provided the couple a series of 10-year notes in 2001 on…
A company closely tied to Angie’s List anticipates doubling its property holdings just east of downtown in the next five years, according to Bill Oesterle, CEO of the growing service that rates plumbers and other services. By then, Henry Amalgamated LLC will have succeeded in revitalizing the once-blighted Whiskey Hill neighborhood into a mix of […]
OneAmerica Financial Partners Inc. has made no secret of its desire to acquire other companies. Well, if it wants to buy,
it could hardly find a better time.
Troubled electronics retailer Circuit City Stores Inc. said today it will close its store near Washington Square Mall on the east side as part of a plan to shutter 155 locations nationwide and return to financial health. Also slated for closing are locations in Lafayette and South Bend, and one in the southern Indiana town […]
In the past, I’ve hosted a wide range of IBJ Night at the Movies screenings.
The next two, however, are a little different. The tickets I’m giving away are, to be accurate, for IBJ LATE Nights at the Movies. Midnight, to be specific.
First…
Conseco Inc. reported a big third-quarter loss after the markets closed today. But the results appeared to be better than analysts had forecast. Carmel-based Conseco recorded a net loss of $182 million, or 98 cents per common share. That widened its loss from the third quarter last year, which totaled $53 million, or 28 cents […]
