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An activist shareholder vying to become a director of Conseco Inc. says the insurance company’s board “completely misjudged” the risks it faced when it emerged from bankruptcy in 2003 and hasn’t recovered since. Now an independent shareholder advisory firm is siding with him. “The board is blindly pushing forward into risky waters with limited view […]
The planet is all agog over swine flu. We’re not supposed to call it swine flu. We’re supposed to call it H1N1. That way, the hogs and pigs won’t get upset and U.S. pork sales won’t decline any further. And besides, the disease isn’t transmitted through swine, um, “donations” to the human cause. We spread […]
Amid the aroma of its lobby coffee shop and soothing tones of its player piano, the Indiana Heart Hospital sits at the center of significant changes in how Indianapolis’ hospitals and doctors do business. The 56-bed facility in Castleton was launched in 2003 as a forprofit venture between Community Health Network and its cardiovascular physicians. […]
Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source of funding has dried up. The implications for Hoosier entrepreneurship are stark. “Right now, it is very […]
This week, two community theater productions reinforce my decision not to give “star” ratings. You may have noticed that in this column I never give shortcut ratings. No “three and a half stars.” No “thumbs up.” While I appreciate ratings when it comes to buying vacuum cleaners, I don’t find them useful in talking about […]
Financial reports trickling in from Indianapolis’ major hospitals show why the city’s health care building boom ground to a near halt this year. It ran into a wall of investment losses. A case in point: Indianapolisbased Clarian Health suffered a whopping $633 million in losses on its investments and interest-rate swaps last year. That wiped […]
Customer groups say an 18-percent rate hike sought by the Indianapolis Department of Waterworks is excessive even for a utility drowning in variable-rate bond debt that’s swelled since financial markets collapsed. The Indiana Utility Regulatory Commission is weighing the department’s request filed in February to tap customers for an additional $22 million in the wake […]
Risk has a bad name these days, for understandable reasons. In recent years, many corporate executives managed as if the boom times never would end, along the way ratcheting up debt to unfathomable levels. Many bankers, meanwhile, doled out loans to the lowliest of borrowers, and traded complex securities few truly understood. Yet a strong […]
Early ratings from the all-important May sweeps suggest WTHR-TV Channel 13’s 15-year reign as king of local television news is secure for now. But the big test will come this fall when NBC’s weakening prime-time lineup is expected to put the ratings crown in play. The threat to the local affiliate will worsen in September […]
With the Indianapolis 500 fast approaching, speed is the name of the game. It appears Indy Racing League drivers—some of them anyway—are gaining speed with corporate America.
If you haven’t seen Marco Andretti’s Gillette…
The battle for sports talk radio supremacy in central Indiana rages on—and is delivering some unlikely results. The biggest winner in 2009’s first quarter radio ratings is basketball coach turned on-air personality Dan…
Just when one hopes racial stereotypes are in retreat, along comes another study suggesting otherwise.
Now weâ??re told that black CEOs with â??baby facesâ?? fare better than black CEOs with more “mature”-looking faces
when it comes to results at…
It’s always a challenge staging an unknown show.
It’s even more challenging to stage an untested show.
It is far more challenging to stage an untested musical.
That’s probably why you won’t find many brand new musicals being staged here in Indianapolis. Just…
Indianapolis police say an assistant bank manager bungled an attempt to cover up his theft by locking his keys inside the vault after setting a fire there. Police arrested 31-year-old Dwayne Roberts on arson and theft charges. Police Sgt. Matthew Mount said Roberts had apparently been stealing money from a Fifth Third Bank branch on […]
