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Conseco Inc. avoided a warning about its ability to stay in business from its auditor, the company reported today. PricewaterhouseCoopers will not issue a “going concern” warning in Conseco’s annual report, Conseco CEO Jim Prieur said in a statement. The report will be filed later today. Prieur’s statement came after the Carmel-based insurer announced this […]
Indy’s international film festival is moving to the Indianapolis Museum of Art, a partnership that might allow the small-but-growing event to record its first profit on ticket sales. The Indianapolis International Film Festival, which is run by volunteers, has grown its audience to about 9,500 since its start in 2004. President Dorothy Henckel said the […]
A new lunch spot called Nia’s Deli is on track to open next week in a building at 38 E. Washington St. (shown here) that burned in 2007. The space…
Indianapolis-based TeleServices Direct Inc. will keep its Lafayette call center open after notifying state officials in February that the center would close and put 279 employees out of work. The telemarketer said the branch would shut down by April 4. But a week before the closing, the company had a change of heart, according to […]
It’s official: Community Health Network has selected Bryan Mills as its next CEO. James Morey, chairman of the board of the hospital chain, sent a memo to Community staff today announcing Mills’ selection. IBJ first reported on Friday that Mills was the choice to replace Bill Corley, who has led Community for the past 25 […]
Pittsboro Elementary School west of Indianapolis will be one of four Indiana schools whose air quality will be monitored by the U.S. Environmental Protection Agency. In all, the agency will monitor 62 schools across the country. In December, USA Today claimed Pittsboro Elementary had potentially dangerous pollutants. EPA officials also will monitor Lincoln Elementary in […]
Indy’s international film festival is moving to the Indianapolis Museum of Art, a partnership that might allow the small-but-growing event to record its first profit on ticket sales. The Indianapolis International Film Festival, which is run by volunteers, has grown its audience to about 9,500 since its start in 2004. President Dorothy Henckel said the […]
The Purdue women are just one win away from the Final Four. The sixth-seeded Boilermakers will take on the top-seeded Oklahoma Sooners at 9 p.m. in Oklahoma City. While the Boilers may be the underdogs, the program also has a history of winning high-pressure tournament games. Purdue has three Final Four appearances under its belt […]
The federal tax on tobacco increases tomorrow, sending the price of cigarettes to an all-time high. The federal tax on cigarettes will go up nearly 62 cents per pack – meaning Hoosiers will pay approximately $5 per pack. While many smokers are opposed, health advocates approve of the hike because the money will go toward […]
Conseco Inc. has won an amendment to its bank loans that gives it more breathing room to operate. But the Carmel-based insurance holding company will pay for it. The cash interest rate Conseco is paying on the $912 million in loans will rise from 2.6 percent to at least 6.5 percent, with a payment equal […]
A new state program will take advantage of federal stimulus funds to help get teenagers into jobs. A recent report from the U.S. Bureau of Labor Statistics claims the teenage unemployment rate has risen above 21 percent, even with the summer job season approaching. Gov. Mitch Daniels announced the program this morning. Fox 59 News […]
Old National Bancorp today repurchased all of the $100 million in preferred, non-voting stock it sold to the U.S. Department of Treasury after deciding it did not need federal assistance from the Troubled Asset Relief Program. The Evansville-based bank, which was approved to receive up to $150 million in TARP funds, chose in December to […]
Eli Lilly and Co. and two drug-development partners said a once-weekly version of the diabetes medicine Byetta proved better at lowering patients’ blood sugar than two competing drugs. Lilly is working with California-based Amylin Pharmaceuticals Inc. and Massachusetts-based Alkermes Inc. to bring once-weekly Byetta, also called exanatide, to market by 2010. The drug is currently […]
Conseco Inc. has won an amendment to its bank loans that gives it more breathing room to operate. But the Carmel-based insurance holding company will pay for it. The cash interest rate Conseco is paying on the $912 million in loans will rise from 2.6 percent to at least 6.5 percent, with a payment equal […]
A coalition of local brokers and real estate companies are joining forces on the south side to promote the new federal tax credit for first-time homeowners in an attempt to stimulate the sluggish real estate market. The Southside Housing Alliance, comprised of about 20 brokers and lenders, is blanketing the area with signs and advertisements […]
Update: The Louisville Convention and Visitors Bureau apparently isn’t giving up yet on marketing to Indianapolis residents. This afternoon, LCVB said they still plan to bring their motor coach to Indianapolis on April 14 to try to lure locals to the…
It’s official today. Community Health Network has selected Bryan Mills as its next CEO. James Morey, chairman of the board of the hospital chain, sent a memo to Community staff today, announcing Mills’ selection. IBJ first reported on Friday that Mills was the choice to replace Bill Corley, who has led Community for the past […]
In terms of political corruption, Indiana looks downright pristine compared to many other states, a recent Chicago Tribune story says.
Louisiana takes the cake with a per-capita corruption rate twice that of the rate in Illinois. Our neighbor to…
Benefits brokers and agents-facing increasing demands from employers and declining commissions-are merging at an accelerating pace. In less than two years, 10 Indiana firms have been swallowed up. The trend started slowly in 2007 but picked up speed late in 2008 and has continued into 2009. In March alone, Indianapolis brokers Benefit Associates Inc. and […]
Major stock markets indexes dropped dramatically today after President Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions would be needed from unions, creditors and others before more funding could be approved. Uncertainty about the industry’s fate sent the Dow Jones industrial average falling more than 4 percent before a […]
