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Several principals of Indianapolis-based Lauth Group Inc. and their spouses have offered to provide $15 million in financing to Lauth subsidiaries in bankruptcy. The insiders say in court filings that they are offering the proposal because Lauth Investment Properties LLC doesn’t have enough hard assets to serve as a “borrowing base” for a more traditional […]
The banking sector is on the mend after being tattered by the financial crisis, but it still has a long way to go before
making a full recovery. That’s the consensus, judging from recent stock performances of the largest publicly
traded banks with a presence in Indianapolis.
In case after case, we see businesses and not-for-profit organizations launching initiatives, holding
events and undertaking other activities for the sole purpose of “awareness raising.” And
in case after case, we see that the public failed to respond the way the organization expected.
As a quiet person, I am not likely to intrude when I run across egregious wrongs. Most often I let dastardly deeds go without
comment. Someday, I hope, I will overcome this character defect and stand up in opposition to wrongdoers.
Bank transaction counts—the number of people going into banks to make a deposit, cash a check or
conduct some other form of business—have declined in recent years with the increased popularity
of direct deposit, online banking and easy ATM accessibility. So why add branches?
Indiana has made billions on gambling in nearly two decades, funding key programs, cutting excise and property taxes, and
avoiding tax hikes. The state has seen more than $2 billion in investment without any government incentives,
and more dollars committed in our history than by any industry outside of steel, power and autos.
On the eve of the U.S. Senior Open Golf Championship that will be played at Carmel’s Crooked Stick Golf Club, designer
Pete Dye’s first great masterpiece, I was fortunate to be invited to play his latest creation and maybe one of his greatest.
Eli Lilly and Co. has won U.S. regulatory approval to market its slow-selling osteoporosis drug Forteo for a new use, Lilly announced today.Lilly can now promote Forteo as a therapy for men and women who regularly take medicines called glucocorticoids for rheumatory arthritis or obstructive lung disease. Sustained use of glucocorticoids cause bone fractures in […]
Indianapolis officials have picked locally based marketing firm Third Street to raise money by selling sponsorships, advertising and naming rights for city-owned properties. Third Street was one of 15 local or out-of-state firms that responded to a city request for information issued in April. The cash-strapped city hopes to raise $500,000 a year after the […]
Hundreds of workers have gone on strike at a Terre Haute factory after union officials say members overwhelmingly rejected a contract offer. Strikers started a picket line yesterday outside the Bemis Co. plant, which mostly makes packaging for the food industry. The plant opened 1956 and has about 740 union workers and between 150 and […]
Indiana University won’t have its own highlighted day at next month’s Indiana State Fair, a sponsorship change estimated to save the school about $60,000. The university sponsored a State Fair day for the past three years, with information booths, parades of cheerleaders and events such as last summer’s pep rally with new basketball coach Tom […]
Comlux Completion USA, a Swiss company that operates two hangers at Indianapolis International Airport, plans a $46.3 million expansion that could create 480 jobs over the next five years, state economic officials announced today. Comlux Completion, part of the Switzerland-based Comlux The Aviation Group, refurbishes and completes interiors for corporate aircraft. The firm, which already […]
The number of newly laid-off workers seeking jobless benefits rose nationally last week, though the government said its report again was distorted by the timing of auto-plant shutdowns. Unemployment insurance claims have declined steadily since the spring, but most private economists and the Federal Reserve expect jobs to remain scarce and the unemployment rate to […]
Annoyed by text-reading patrons at concerts? Well, Washington’s National Symphony Orchestra is now actively encouraging it.
For an upcoming concert at Wolf Trap, it will be Tweeting live program notes to audience members on the lawn during a performance of Beethoven’s “Pastoral.”…
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 […]
Second-quarter profit slipped at Zimmer Holdings Inc., but the Warsaw-based orthopedic implant maker topped the lowered expectations of Wall Street analysts.Zimmer earned $210 million in the quarter, down 7 percent from $227 million during the same period a year ago. On a per-share basis, Zimmer earned 98 cents, down from 99 cents a year ago.Excluding […]
Lenders must notify homeowners of their right to request a settlement conference within 30 days of filing a foreclosure notice under a new Indiana law that state officials promoted Wednesday. The conferences give homeowners a chance to renegotiate terms, such as their interest rates or payments, and keep their homes. State officials also said about […]
An Indiana committee that oversees government spending will seek detailed explanations next week from public colleges and universities on why they have raised or proposed to raise tuition. Republican state Sen. Luke Kenley of Noblesville, chairman of the State Budget Committee, said today that the panel wants the colleges to justify their tuition increases at […]
So, did you make it to the screening of “500 Days of Summer”? If so, what did you think?
I’ll let a few others post before I chime in with my thoughts.
The largest outside investor in Indianapolis-based real estate firm Lauth Group Inc. has accused company principals of fraud, conspiracy and racketeering in a lawsuit filed this week in U.S. District Court. The suit, filed by a subsidiary of Chicago-based Inland American Real Estate Trust, points to “a disturbing pattern of fraudulent misrepresentations” by Robert L. […]
