KAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion senior secured term loan and a $250 million senior secured revolving credit facility.
Attorneys for David Marsh say information the executive has received from the IRS suggest he might face both criminal and civil charging stemming from expenses he submitted for reimbursement while serving as president of Marsh Supermarkets Inc.
Ratepayers would pay no more than $14 million to cover charges associated with Citizens’ purchase of Indianapolis water and sewer utilities. Some say the capped amount is too much.
IBM wants to depose Daniels soon because it's concerned he will announce he's running for president and would be too busy on the campaign trail to give a deposition.
A crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for an ownership stake.
Discovering value emerged as a TV staple long before the recent economic tsunami.
Officials from Indiana Medicaid and a hospital trade group are trying to craft a deal that would create a tax on hospitals that would help attract more federal funds for hospitals—thereby offsetting looming cuts in state payments.
When Mitch Daniels, the Indiana governor and Republican presidential aspirant, dared to urge his party to “mute” social issues, he was smacked.
In this installment of IBJ's Who's Who series, meet key members of the city’s banking and finance sector. They include bankers, fund managers, venture capitalists, lawyers, financial planners and others who influence the movement and availability of money in the local economy.
The New Orleans school system, which endured almost total devastation due to Hurricane Katrina, may give us a model to follow. When given an opportunity for a fresh start, the city developed a combination of public and charter schools.
Indiana wants to use its public health savings account program for low-income adults to cover people who will become newly eligible for Medicaid under the federal health care law beginning in 2014.
The Health Foundation of Greater Indianapolis is an aggressive supporter of charities that serve people with HIV and AIDS, but that aggression—in the form of a risky investment strategy and big payouts—almost led to its demise.
Announcements United Way of Central Indiana added its name to the list of those supporting the Indiana Compact, a statement of principles for immigration policy reform. The Indiana Compact advocates five principles should guide policy solutions around immigration reform: • federal solutions – urge Indiana’s Congressional delegation to address this federal policy issue. • law enforcement – respect the […]
Unusual home on south side has a dozen bedrooms for folks who need to give up their own homes.
Both high-wage and low-wage employment have grown rapidly, but medium-wage jobs—the kinds of jobs we count on to support a strong middle class—have lagged behind.
City leaders in February put out a request seeking ideas for how to design and finance a parking garage in Broad Ripple to ease traffic tensions. Responses are due March 11.
Transparency walks hand in hand with accountability. It is hard to trust what you cannot see.
Indiana-based Omnicity Corp. has filed countersuits against the owners of two companies it acquired who are charging in court that Omnicity failed to fully pay them for the acquisitions.
