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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 […]
Normal 0 false false false MicrosoftInternetExplorer4 One of the city’s largest hotels has been acquired and could be in for a major brand change. The Adam’s Mark Hotel Indianapolis, the area’s sixth-largest hotel, was purchased in April by Scranton, Pa.-based Nexus Hospitality Management, hotel officials announced yesterday. San Francisco-based Chartres Lodging Group LLC […]
Health officials have confirmed that an Anderson University student has the first case of the H1N1 virus in Madison County. It was one of 13 new flu cases confirmed in the state yesterday, bringing the total to 28. Fourteen of those case have been in Marion County. The virus has also appeared in Lake, St. […]
Police are investigating the murder of a Lawrence woman in the 4300 block of Clinton Street. The victim has been identified as Amenda Yang, 43. Yang’s children discovered her body yesterday afternoon when they arrived home from school. Police say she died of blunt force trauma to the head. They also say they’ve interviewed and […]
General Motors Corp. today posted a $6 billion first quarter loss and said it spent $10.2 billion more cash than it took in during the first three months of the year as revenue plummeted by $20 billion. Chief Financial Officer Ray Young said talk of the company going into Chapter 11 bankruptcy protection appeared to […]
The Indiana University men’s basketball team could face more penalties from the NCAA due to poor Academic Progress Rate scores. IU’s score ranked 325 out of 341 Division I men’s basketball programs. The program could lose practice time and scholarships if it falls below a minimum score in the next three years. This is just […]
