BOARD OF DIRECTORS
BOARD OF DIRECTORS Chip McLean, chairman Senghor Manns, treasurer Ann Summer, secretary Linda R. Carmody, past chairwoman Michael Mackin Andrew Mattingly Mildred A. Motley Curt Wiley
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Indiana bankruptcies soar
Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts
say stretched consumers and businesses probably won’t reap benefits of an improved economy for at least a year.
Eli Lilly investing $100M in China, hoping to attract research partners
Hoping to increase sales in China’s rapidly growing pharmaceutical market, Eli Lilly and Co. is charging ahead
with
plans to invest $100 million in venture capital in the region over the next several years.
Companies shifting more health costs to employees
Employers, now doubly pinched by steadily rising health insurance premiums and a steadily deteriorating economy, are searching
for new and larger cost-shifting tools, according to survey and anecdotal evidence from Mercer, a global benefits brokerage
and consulting firm.
Pacers, Ivy Tech join forces to offer scholarships
The Indiana Pacers and Ivy Tech Community College have teamed to offer six statewide scholarships to Ivy Tech students.
Give to nonprofits this holiday season
Scan our Holiday Wish List on page 34 to see if you have what local not-for-profits want this holiday season.
Southwest swoops in to benefit from ATA Airlines’ bankruptcy
Southwest is striking a deal to acquire ATA’s valuable landing slots at LaGuardia
and most of the dying airlines’ remaining assets for $7.5 million.
Irwin Financial Corp.
Irwin Financial Corp. Irwin Financial Corp., 500 Washington St., Columbus, 47201 (www.irwinfinancial.com) is a group of specialized financial services companies, including Irwin Union Bank and Trust Co.. For the quarter ended Sept. 30, the company reported a net loss of $54 million, or $1.85 cents per diluted share, on $48 million in revenue. Those totals […]
Communities making tough choices will be better off
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
MISSION
MISSION Change lives by helping people gain financial stability through education and counseling.
Defamation laws haven’t caught up with today’s Internet
What are the legal repercussions against Web sites that allow defamatory comments to be posted on them?
Voice-mail firm’s latest product helps clients collect overdue debts
A growing number of companies strapped for cash and struggling to pay their bills on time is presenting an unusual opportunity
for Vontoo Inc., a local IT firm.
Y&L ad firm making ‘significant’ staff cuts
Young & Laramore is making what it says are “significant” staff cuts in the wake of losing the Steak n Shake account.
Duke Realty star starts new company
Aasif Bade started Ambrose Property Group with three employees this month.
Indiana’s current recession may be less severe than 1982’s
With a growing labor market in Indiana, it would seem this recession, thus far, is an economic shock that may be of shorter
duration and severity than the 1982 decline.
PROGRAMS
PROGRAMS Budget counseling: helps families and individuals establish budgets, set financial goals, learn about savings and checking accounts Debt management: sets up repayment programs with unsecured creditors, establishes lower monthly payments, allows repayment of entire debt in 60 months or less, provides an alternative to bankruptcy Pre-filing bankruptcy counseling and education: as approved by the […]
FINANCIAL PROFILE
FINANCIAL PROFILE 2007 income: $1,643,343 2008 projected income: $1,705,327 2007 expenses: $1,689,955 2008 projected expenses: $1,671,169 2007 assets: $289,245 Fiscal year begins: Jan. 1 2007 income 2007 expenses Certification Supplies education 7% 3% Contributions 32% Fees Rent/ 35% utilities Grants 29% Salaries and 33% benefits 61%
NOTEWORTHY CONTROL
NOTEWORTHY CONTROL William I. Miller Number of common shares: 11,376,366 Percentage of common shares: 38.33 Dimensional Fund Advisors LP Number of common shares: 2,389,126 Percentage of common shares: 8.14
BANKRUPTCIES
BANKRUPTCIES Site & Pipe LLC, 6825 E. 34th St., 46226. Chapter 11 reorganization. Assets: n/a; liabilities: n/a. Midwest Concrete Pumping Inc., 1011 E. Beecher St., P.O. Box 33006, 46203. Chapter 11 reorganization. Assets: n/a; liabilities: n/a.
Lion King, Hansel & Gretel excel in music, staging and dancing
This week, a return visit is made to review “The Lion King” and a Sendak-ed “Hansel and Gretel.”