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Conseco Inc., at risk of violating its main credit agreement, has asked its senior secured lenders to waive restrictions on their $912 million in loans, the company announced today. Conseco, a Carmel-based life insurer, indicated in a statement that it would pay a higher interest rate on the loans in exchange for its lenders relaxing […]
Gov. Mitch Daniels has signed into law a bill he says will save Indiana’s natural gas users billions of dollars in the coming years. The law allows the Indiana Finance Authority to negotiate 30-year contracts to buy and sell synthetic natural gas from a coal-gasification plant that is planned for construction along the Ohio River. […]
A Plainfield woman was acquitted yesterday in the death of her newborn child, but the Kentucky jury convicted Katie McCoy, 20, of tampering with physical evidence. McCoy admitted she gave birth in a Bellarmine University bathroom in 2007, but said the baby was stillborn. McCoy was sentenced to two years in prison.
Legislation that would stiffen Indiana’s animal-cruelty laws and more closely regulate dog-breeding operations commonly known as puppy mills could produce millions of dollars in new tax revenue from unregistered breeders, according to the author of the bill. House Bill 1468, which has broad support from animal-rights groups, could generate tax income from breeders that work […]
An Indianapolis teen is behind bars this morning, accused of murdering another teen. Branden Pannell, 18, turned himself into police yesterday. Investigators say Pannell and Daniel Ferguson, 15, got into a fight Friday afternoon on East North Street. Ferguson was shot in the chest and died a short time later.
A woman charged with defrauding clean-coal project investors of more than $2.5 million will be released from jail after a judge significantly lowered her bond. A Marion County judge agreed today to allow 50-year-old Dorothy Geisler-Tragardh’s release on a $50,000 surety and $30,000 cash bond, down from a $1 million cash bond. Defense attorney Mark […]
The Finish Line Inc. has hired the former chief financial officer of national bookstore chain Borders Group Inc. to take the same position at the Indianapolis-based athletic footwear and apparel retailer. Edward W. Wilhelm, 50, will take over the Finish Line post on March 30, the company said today. Wilhelm replaces Kevin Wampler, who left […]
Students gathered this morning outside Anderson University’s Reardon Auditorium to protest the university’s strict ban on alcohol, which includes students over the age of 21. The protestors marched from the auditorium to a local bar, purchased drinks and returned. A public forum to discuss the future of the alcohol ban is scheduled for tomorrow at […]
The Carmel Clay School Board voted last night to cut $1.5 million from its $90 million budget by laying off 19 teachers. School officials hope federal stimulus money will help them recall many of those teachers when classes begin again in August.
A woman charged with defrauding clean-coal project investors of more than $2.5 million will be released from jail after a judge significantly lowered her bond. A Marion County judge agreed today to allow 50-year-old Dorothy Geisler-Tragardh’s release on a $50,000 surety and $30,000 cash bond, down from a $1 million cash bond. Defense attorney Mark […]
Eleven years have passed since University of Notre Dame students embarrassed the university by complaining that alum and then-Lt. Gov. Joe Kernan was too small of a fish to speak at their commencement.
Now, the university might be on…
Shortcomings in education stand as the biggest obstacles in building the state’s manufacturing and logistics industries, according to Conexus Indiana. Conexus, an Indianapolis-based not-for-profit that promotes manufacturing and logistics, unveiled its annual Indiana Manufacturing & Logistics Report Card this morning at a downtown breakfast. The event was co-sponsored by Indianapolis Business Journal. The report said […]
Tipton County filed a $14.1 million claim against Getrag Transmission LLC yesterday in the U.S. Bankruptcy Court for the Eastern District of Michigan, the Kokomo Tribune reported. The claim covers all costs incurred by the county in regard to the canceled construction of a transmission plant, Michael McCrory, an Indianapolis attorney representing Tipton County, told […]
The new Nestle plant in Anderson has resumed production of Nesquik after an inspection issue resulted in a two-day production interruption, the Anderson Herald Bulletin reported yesterday. The company temporarily stopped production of dairy products at the plant last week after a voluntary inspection revealed what Nestle spokeswoman Pam Krebs called “maintenance issues,” the newspaper […]
A California-based investor has purchased an 88-unit apartment complex in Brownsburg, his latest in a series of multi-family housing acquisitions in the area. Michael James of Walnut Creek, Calif.-based James Multi-family Group bought the Dublin Glen apartment building at 510 N. Enderly Ave. near I-74 for $3.4 million. Steve LaMotte, Amy Burmeister and Dane Wilson […]
If a tree falls in a forest, and no one is there to hear it, does it make a sound? Ball State’s Nate Davis might be asking that very question this week. His pro…
The Finish Line Inc. has hired the former chief financial officer of national bookstore chain Borders Group Inc. to take the same position at the Indianapolis-based athletic footwear and apparel retailer. Edward W. Wilhelm, 50, joined Ann Arbor, Mich.-based Borders in 1997 after a four-year stint at Troy, Mich.-based Kmart Corp. He will take over […]
Over at the Huffington Post, John Mellencamp has gone on at length about the state of the music business today.
Some excerpts:
–“Sadly, these days, it’s really a matter of ‘every man for himself.’ In terms of possibilities, we are but…
Nearly 120 employees at Dexter Axle Co. in Elkhart will lose their jobs when the plant closes May 25. Executives of the axle supplier informed the state of the plant’s closing on Friday. The company was founded locally in 1960 and is a subsidiary of London-based Tompkins PLC. The demise of Dexter is the latest […]
Outnumbered Democrats in the Indiana Senate were unsuccessful yesterday in trying to make major changes to a GOP plan designed to fix the state’s bankrupt unemployment fund. The Republican plan would increase taxes on employers, reduce benefits for most jobless people and tighten eligibility standards. Senate Democrats offered amendments that would keep benefit payments the […]
