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Moody’s Investors Service said today it is considering another downgrade of Conseco Inc. and its life insurance units after it bumped the Carmel company to negative from stable in September last year. Conseco’s $173 million operating loss in 2007 was “well below expectations” largely due to ongoing problems with its long-term care business, and earnings […]
No bids were submitted today at an auction for control of 10 properties owned by Indianapolis-based Premier Properties USA
Inc., the financially troubled development company run by Chris White.
The California Public Employees’ Retirement System, the nation’s largest public pension fund, said yesterday it has backing from four major proxy advisory services for a resolution that would require only a simple majority vote of Lilly shareholders to amend the company’s bylaws. Endorsing the giant pension fund’s shareholder resolution are Egan-Jones, Glass Lewis, RiskMetrics Group […]
CALPERS, the big pension fund, doesnâ??t want Eli Lilly and Co.â??s new CEO, John Lechleiter, to be voted onto
the board at Lillyâ??s annual meeting on Monday.
Lechleiter was a high-level player within Lilly in recent years while the…
WellPoint Inc. announced today that it has acquired Maryland-based Resolution Health Inc., a personal health care guidance company, for an undisclosed price. Resolution Health has developed software that compiles medical, pharmacy and lab-claims data, pairs them with lab results and personal health information on individuals, and then makes suggestions on gaps in care or warns […]
The Indy Racing League appears to be hitting on all cylinders. Through the first two races this year, the IRL, which recently unified with Champ Car, is seeing gains in attendance and television ratings. Now, IRL officials are reporting significant gains…
So were you there last night at the screening of “88 Minutes”?
If so, what did you think?
And whether you were there or not, feel free to chime in with your favorite/least favorite Al Pacino performances. Side question: Anyone out there…
Monroe County could lose $1.2 million in taxes after General Electric Co. closes its refrigerator plant in Bloomington next year. The company paid nearly $1 million in property taxes last year, and the $22 million payroll likely generated about $221,000 from the county’s 1-percent county option income tax, according to The Herald-Times of Bloomington. The […]
Indiana University basketball coach Tom Crean made the hire today that several school trustees dreaded. Over the next week, you can bet those trustees along with Crean and IU President Michael McRobbie will be asked about the hire of Bennie Seltzer…
An announcement today that Indiana Pacers co-owner Herb Simon will become CEO and Jim Morris will be elevated to president has many sports marketers applauding, but at the same time asking “What’s next?”
Several key questions persist. First, how much steam…
Herb Simon is now both owner and CEO of Pacers Sports & Entertainment, the parent organization of the Indiana Pacers. The 73-year-old real estate magnate announced at a news conference today that he’ll become more involved in the teams operations, taking over some of the duties held by Donnie Walsh following his resignation from the […]
A former employee of WellPoint Inc. has filed a lawsuit that claims his pension plan was mismanaged because his pension was invested in declining stock of the Indianapolis-based health insurance giant. Paul West’s suit seeks class-action status for 10,000 pension-plan participants, according to Bloomberg. WellPoint shares have slumped 45 percent this year, to about $50. […]
At least one economist thinks central Indiana’s life sciences sector can absorb the 500 people Eli Lilly and Co. plans to let go through early buyouts. “These aren’t the 1950s factory workers that we have to worry about. These are nimble, highly skilled workers,” said Mike Hicks, director of the Bureau of Business Research at […]
Property Lines turns one this week. We’ve reached 300 posts and more than 5,500 comments thanks to the participation and support of a loyal group of readers. Thank you.To mark the occasion, let’s…
The Linton City Council has approved the sale of 19 acres it owns to Bedford-based Hi-B Fuels for a biomass plant, according to the Greene County Daily World. The sale price was $60,000. The southern Indiana plant will accept yard and lumber trimmings which it will mix with coal to make fuel. The plant will […]
Less than a month after retiring as CEO of Eli Lilly and Co., Sidney Taurel has joined BioCrossroads Inc.’s board of directors. BioCrossroads, an Indianapolis-based group that promotes development of life sciences businesses, made the announcement this morning. Taurel is continuing as chairman of Lilly, the Indianapolis-based drugmaker, until the end of this year. He […]
With Pope Benedict XVI on his U.S. tour, attention is being paid to just about every aspect of the Catholic Church…including its music. Not only is the playlist for the Pontiff’s stadium mass in Washington being scrutinized, but thoughts are…
The Indiana Pacers are in a giving mood for tonight’s Fan Appreciation Night. The team is advertising that all lower level tickets will sell for $30, club level tickets for $20 and upper…
Steel giants ArcelorMittal of Belgium and Nippon Steel Corp. of Japan plan to double production of galvanized steel at their I/N Kote joint venture in New Carlisle and add 100 workers by 2010. The plant galvanizes steel made by ArcelorMittal’s mills in Indiana Harbor and Burns Harbor on Lake Michigan, and Nippon’s operation in New […]
A West Lafayette research building used until a couple of years ago by Elkhart-based CTS Corp. has been acquired by a startup real estate company. The company, Indiana Technology Group LLC, is headquartered in West Lafayette. It is owned by five individuals, including principal and spokesman Ahmed Alsoffi, a long-time West Lafayette businessman. Other owners […]
