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National City Corp., one of the largest banks in Indianapolis, has hired the Wall Street investment bank Goldman Sachs to seek strategic alternatives, the Cleveland-based institution said yesterday. The announcement stopped short of confirming rumors circulating for weeks that the bank would seek a buyer. The bank said the review process would not hamper day-to-day […]
Shortly after 4 p.m. today, ESPN reported that Indiana University is preparing to sign Marquette’s Tom Crean, 41, as the school’s next men’s basketball coach.
Sources close to the IU coaching search this morning did not mentioned Crean as one of…
Toyota Motor Corp. intends to boost its stake in Fuji Heavy Industries Ltd. from 8.7 percent to about 17 percent, according to Bloomberg. Fuji makes Subaru cars. The Fuji assembly plant in Lafayette, Subaru of Indiana Automotive Inc., in April 2007 also began assembling Toyota Camry sedans. The additional line in Lafayette resulted in approximately […]
Doctors have taken a second look at the nation’s health care ills and changed their diagnosis. Their new prescription? National, government-funded health insurance. That’s the upshot of a survey conducted by researchers at the Indiana University School of Medicine in Indianapolis. They found that 59 percent of America’s doctors now favor a national system of […]
Centerplate Inc. has alerted the state that it plans to lay off 219 workers in Indianapolis as a result of having lost a food and beverage contact at the Indiana Convention Center. Based in Stamford, Conn., Centerplate said the employees might be absorbed by Crystal Catering Inc., the Indianapolis company that won the bidding. However, […]
Shares of Hill-Rom Holdings Inc. and Hillenbrand Industries Inc., the companies resulting from the split of Batesville-based Hillenbrand Industries Inc., showed little movement this morning in their first day of trading independently. Hill-Rom shares slipped 24 cents, to $25.46. Hillenbrand Industries fell 32 cents, to $21.78. City Securities stock trader Tim Sutton said officials of […]
Stock in Conseco Inc. rose 2.7 percent this morning, to $10.47 a share, after the Carmel-based insurance company reported final results for its fourth quarter. In the quarter ended Dec. 31, Conseco lost $71.5 million, compared to $5.7 million in the same period a year earlier. On a per-share basis, Conseco swung to a 38-cent […]
As the NCAA hoops tournament heads down the home stretch, Indiana University appears to have its own final four—for its vacant men’s basketball coaching job. But there are a few Cinderellas that could…
The Indy Racing League today announced a multi-year agreement with Coca-Cola North America that will make Coca-Cola an official sponsor of the Indy Racing League through 2010.
Terms of the category exclusive deal were…
Results are in for Purdue Universityâ??s second annual Elevator Pitch Competition, and a transcript of the winning
pitch for the graduate-level division is below.
Bob Caswell spit this out in less than two minutes, less time than the ride to the…
Investment losses on subprime mortgage-backed securities and an adjustment to tax assets led Conseco Inc. to a big loss in its fourth quarter.The Carmel-based insurance company reported final financial results for 2007 last night – two weeks after reporting preliminary results. Final results were delayed because of a conversation between Conseco and the Securities and […]
While Danica Patrick earned a sixth-place finish in the Indy Racing League season opener at Homestead-Miami Speedway, 2,740 miles away in Los Angeles she was the winner of another contest.
The Andretti Green Racing…
Does the political party of Indianapolis mayors influence how they deal with panhandlers, or is it just coincidence?
Steve Goldsmith, a Republican, used the police to crack down on panhandlers, pushing many of them out of
downtown.
In his eight years, Bart…
The early returns are good for the Indy Racing League. Attendance and television ratings at Saturday’s season opener in Miami were up and local media and fans raved about the on-track racing.
Although the…
This whirlwind of a weekend (if you count Thursday) included a “Showboat” revisit at Beef & Boards, a play I won’t be discussing here on Friday night, and a run to the Humana Festival of New American Plays in Louisville…
Tomorrow, John Lechleiter takes over from Sidney Taurel as CEO of Eli Lilly and Co.
A chemist who came up through Lillyâ??s labs, marketing and finally, as president and chief operating officer,
Lechleiter faces major pressure.
Lilly stock has trended…
Sen. Barack Obama’s presidential campaign plans to temporarily take over one of the city’s most prominent retail spaces. The campaign has reached a deal to open an office in Flagstar Bank’s former…
The CEO of locally based Lauth Group Inc. says most people he knows in the business, even the steely types who always project
optimism, are privately nervous about the economic morass that began with a collapse in subprime mortgages.
Change. While it is a buzz word that some political candidates throw around like candy, the construction industry is bracing for an important and imminent change of their own. The American Institute of Architects has produced standard contract forms for the construction industry for more than 100 years. Regardless of your perspective on such forms, the AIA forms still are the most commonly used standard forms in the industry. The AIA released their updated and revised set of contract forms…
Many Indiana school districts say they have no choice but to brace for cutbacks in areas like school repairs, computers and
transportation thanks to the property tax reform measure approved by the General Assembly and signed by Gov.Mitch Daniels.
