CNO Financial gung-ho on share buybacks
The Carmel-based financial services company said that, during the second quarter, it repurchased $59.4 million of its securities, including 4.4 million common shares for $50 million.
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EDITORIAL: Better transit for better achievement
A landmark Harvard University study on income mobility released late last month brought uncomfortable news for those who have come to view Indianapolis as a diamond in the Rustbelt rough. Unigov, downtown revitalization, amateur and professional sports, a stable economy—none of it apparently has done enough to help the poor.
BENNER: Extraordinary Pete Dye course moves into spotlight
Sitting atop a 1,000-foot hill overlooking the town and offering vistas of 30 miles, the Dye course is a breathtaking emerald gem, the result of both the incredible topography and the mad genius of Indiana’s own Mr. Dye.
New front opens in family battle over Mel Simon fortune
Bren Simon is pushing hard for a distribution from the estate now, citing as precedent an Indiana Court of Appeals ruling in another case that “as a matter of policy, beneficiaries should not be starved of distributions to which they are undisputably entitled.”
Private equity group may bid on Republic subsidiary
Spirit Airlines Inc.’s largest investor, private-equity firm Indigo Partners LLC, is preparing to sell its stake in the discount carrier in what could be preparation to make a bid for Frontier Airlines, a Cowen & Co. analyst said Wednesday.
Lacy leadership initiatives to combine under one roof
Leadership Indianapolis will combine the Stanley K. Lacy Executive Leadership Series and the programs of the Lacy Leadership Association, and then expand their common mission to be more proactive.
Fate of Indiana school grading system uncertain
The American Federation of Teachers says Indiana should immediately suspend its A-F school grading system because of emails showing former schools chief Tony Bennett changed the grading formula to benefit a top GOP donor's school.
Firefighters battle garage blazes
Indianapolis firefighters fought two garage fires Thursday morning for about 30 minutes at neighboring houses in the 1000 block of North Exeter Avenue near West 10th Street and Crawfordsville Road. Damages were estimated at $15,000 for one garage and $5,000 for the other. No injuries were reported.
Fair rides, pigs inspected
State safety officials have been inspecting animals and amusement rides this week at the Indiana State Fairgrounds prior to the fair’s Friday opening. Veterinarians from the Indiana State Board of Animal Health began checking show pigs Wednesday for signs of illnesses that could be spread to animals or people. Agents with the Fire and Building Safety Division of the Indiana State Department of Homeland Security went from ride to ride on the Midway on Thursday morning, checking for structural and electrical defects.
Wrong-way crash injures three
Three people were injured Wednesday night in Boone County in a three-vehicle crash involving a wrong-way driver on Interstate 65. A 2003 silver Grand Prix traveling north in the southbound lanes at about 11 p.m. rammed an Indianapolis Airport taxi heading south. A man and woman from Brownsburg in the Grand Prix were taken to a hospital with unknown injuries. The taxi driver was hospitalized with lower extremity and internal injuries. A vehicle following the taxi suffered minor damage.
Anderson Speedway fights bill for overdue taxes
Madison County officials say the company that owns the race track owes $125,000 in overdue property taxes. The Speedway believes it has been charged too much.
Local brokerage Goelzer reaches $500,000 settlement with SEC
Indianapolis-based Goelzer Investment Management Inc. has agreed to pay $500,000 to settle SEC charges that it misled many of its clients over a period of 13 years, costing them hundreds of thousands of dollars in trading fees.
Baldwin & Lyons posts 21-percent boost in profit
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
Canadian firm buys former Fundex HQ for $3.7M
Dalfen American Corp. of Montreal acquired the 110,000-square-foot building in an auction Wednesday following the bankruptcy of the Plainfield-based game maker.
Scotty’s Brewhouse could shrink with sublease
With business not up to expectations, founder Scott Wise is searching for a tenant to take about 2,500 square feet within the existing 12,000-square-foot space at 1 Virginia Ave.
Indy Eleven coach: Team, game ‘bigger than one community’
Carmel resident Juergen Sommer traveled the globe as a professional soccer player before hanging up his cleats more than a decade ago. Now he’s at the helm of Indiana’s newest pro sports team.
Bennett resigns as Florida education chief after emails reveal grade fix
Florida’s education commissioner resigned Thursday amid allegations that he changed the grade of a charter school run by a major Republican donor during his previous job as Indiana’s school chief.
Ex-Purdue president picked to head science agency
Former Purdue University president France Cordova's next job could be as director of the National Science Foundation.
HHGregg reports smaller loss on improving same-store sales
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
Indiana welfare security breach limited to 64 clients
When FSSA revealed the breach a month ago, it said it possibly affected more than 187,000 people, including the Social Security numbers of as many as 3,926 clients who receive food stamps, Medicaid and other welfare benefits.