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Standard Life Insurance of Indiana has been taken over by Indiana regulators after massive investment losses threatened its obligations to policyholders. Indiana Insurance Commissioners Jim Atterholt won an order of rehabilitation from Marion County Circuit Judge Theodore Sosin yesterday, granting him management authority over the company. Standard Life is owned by Kentucky-based Capital Assurance Corp., […]
Four companies signed deals to be presenting sponsors for the Indianapolis Motor Speedway’s Centennial Gala: Just Marketing International, Old National Bank, the Indiana Pacers and Honda. Financial terms of the deal were not…
Outgoing state commerce secretary Nate Feltman said today that he likely will return to practicing law and become involved in business after leaving the post at the end of the month. Feltman said he plans to stay in Indianapolis, though he wouldn’t divulge details of his plans. “This is a place my family and friends […]
Allison Transmission will offer early retirement to those of its 2,200 hourly workers who are eligible in order to cope with the dramatic economic slowdown. The company plans to unveil details of the offer in meetings with employees tomorrow, and declined to say how many workers might be eligible or the size of work force […]
News flash … This just in … Good-looking NFL quarterbacks make more money—a lot more money—than less attractive ones. Seriously. A group of Utah economists using high-tech computers to measure the symmetry of…
People who want to position themselves for the best jobs in the Indianapolis area through 2016 would do well to bone up on technology. The Indiana Department of Workforce Development says in its annual Hoosier Hot 50 jobs forecast that computer software engineers will offer the best combination of job growth and high wages. In […]
The downtown lunch crowd will have one more option in the spring: Pita Pit. The Lebanese-style pitas chain already has a restaurant on West 86th Street across…
On Wednesday, “A Muppet Christmas–Letters to Santa” made its holiday debut on NBC.
Why am I mentioning that here?
Two reasons.
1. It was co-written by Indianapolis native Hugh Fink, a former SNL scribe and very funny man. (Check out some funny business…
The Indiana Pacers are climbing the NBA attendance ladder—at a surprisingly brisk rate. With deals like the one the team unveiled this week, it’s no wonder. The team is now offering $3 tickets….
Yesterdayâ??s disclosure by KSM Capital Advisors that its clients might be out $15 million from the alleged
Madoff scandal probably wonâ??t be the last local fallout. At minimum, it has been a stressful and embarrassing
time for a…
So did you brave the weather–and the massive overbooking of the theater–and get in to see “Seven Pounds” last night?
If so, let us know what you thought.
A new Carmel venture-capital firm focused on food and agriculture has closed its first fund with $27.8 million, including $15 million from Indiana investors. IN Partners LLC announced the landmark yesterday but continues to raise money. Ron Meeusen, a co-founder and managing partner, said IN Partners is one of only a handful of venture firms […]
Indianapolis investment firm KSM Capital Advisors disclosed today that the scandal unfolding around New York hedge fund manager Bernard Madoff could cost its clients as much as $15 million. Making matters worse: KSM’s parent, accounting firm Katz Sapper & Miller LLP, could lose up to 1 percent of its book value as a result of […]
A Boston firm today canceled a tentative agreement to finance National Lampoon Inc. films, a move that follows the arrest yesterday of the Los Angeles company’s CEO on charges he fraudulently manipulated the company’s stock. Envit Capital CEO Edward Laborio said in a statement that he is terminating an October agreement to provide funding for […]
The Indianapolis Museum of Art wants a share of revenue from its restaurant operation rather than relying on a management fee. The change comes as the museum examines four proposals it has received to run its restaurant and café, and possibly a renewed catering service. Chief Operating Officer Jack Leicht said local and national companies, […]
Maarten van Wijk, the general manager hired by The Columbia Club in 2007 to polish its lackluster operations, has been lured back to Hershey, Penn. Club President Gregory Harris informed members of van Wijk’s impending departure in a Dec. 9 letter. “While it is a great disappointment that Maarten is leaving, I am pleased that […]
Indianapolis Motor Speedway officials are looking at a plan to build a new hotel, possibly with a new IMS Hall of Fame Museum, sources close to the Speedway say. IMS officials announced yesterday that the Brickyard Crossing Inn, which is adjacent to the fabled race track, has closed because it would be too costly to […]
I’m sure soon-to-be new Indiana University athletics director Fred Glass took notice of what San Diego State paid to lure football coach Brady Hoke away from Ball State. The cost of luring a…
I’ve recently joined the Facebook revolution. Yes, I know, I’m late in this, but I also didn’t start watching “L.A. Law” until the third season and still haven’t seen “Mad Men,” so I’m not always an early adaptor.
I signed on to Facebook,…
A New York state developer that proposed a recreation and entertainment complex near Daleville a year ago is still pursuing the project. This time, according to The Star Press of Muncie, the complex would be located farther north of the town but still close to Interstate 69. Daleville is between Anderson and Muncie. Developer Joe […]
