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A reorganization by New York-based bank giant Citigroup has resulted in 194 layoffs at the company’s statement-processing offices in South Bend. The workers were told last week that their jobs would disappear by the end of June, according to the South Bend Tribune. The operation, formerly Associates First Capital, was acquired by Citigroup in 2000.
Stock in Conseco Inc. sank 4 percent this morning after the Carmel insurer said it would restate earnings for nearly the past three years and alter other information as far back as 2003. The shares slumped to $11.62. Conseco said the action will correct errors identified by the company’s process of improving its internal financial […]
Congress and the courts long have tried to balance regulations to try to protect consumers while giving companies
space to operate.
Last week, the U.S. Supreme Court ruled 8-1 to limit lawsuits against medical device makers if the Food…
Catch any of the three Ps this weekend (“Proof” at TOTS, “The Piano Lesson” at the IRT, or Pilobolus at Clowes Hall)? Get to the Indianapolis Art Center or the Symphony?
Or just groggy from watching the Oscars?
Whatever the case, let…
An improved economy might result in construction on the Cabela’s store at Greenwood resuming as early as next year, according to the Daily Journal of Franklin. The project was brought to an abrupt halt by the Sidney, Neb., outdoor retailer in January after the slowing economy began to hurt sales at stores it opened last […]
Clarian Health has acquired a controlling stake in a cardiology practice based at the Indiana Heart Hospital, which is owned
by Clarian competitor Community Health Network.
We’ve come a long way since the beginning of this legislative session, and lawmakers are edging closer to assembling a property tax reform acceptable to both chambers, both major parties and the governor. Lawmakers faced competing pressures from constituents, the governor, business interests, schools and local governments, and citizen groups as they tackled the issue, but they resolved to labor with a minimum of partisanship. Of course, they frequently make the same pledge when dealing with major issues, but an…
The Indianapolis Airport Authority board this month approved spending up to $8.8 million to help fund construction of a hotel connected to the midfield terminal set to debut Oct. 28. But delays in finalizing a deal with developer Mansur Real Estate Services means the $50-million-plus Westin will not be ready for guests until August 2009 at the earliest. The airport board picked Indianapolis-based Mansur to build the hotel nearly a year ago. “We’re still talking about what it’s going to…
So much news, so little space. Over the last two weeks, there was that evolving situation involving the IU basketball coach. The Hoosiers, Butler, Purdue and Notre Dame made Indiana the only state with four teams ranked in the nation’s top 25. Butler climbed to No. 8, its highest ranking ever, and Purdue took the Big Ten lead under Matt Painter, at this point the odds-on choice for national coach of the year. My buddy and former colleague, Robin Miller,…
Visitors in Indianapolis for the Urban Forum in April might patronize Jockamo Upper Crust Pizza in Irvington not only to sample the food but also the success of a neighborhood business district revitalization program. The pizzeria benefited from an effort called Fostering Commercial Urban Strategies, or FOCUS, through a $16,000 facade grant from the Indianapolis chapter of the Local Initiatives Support Corp. Indianapolis is one of 30 cities boasting LISC chapters. Nationally, they invested more than $1 billion in low-income…
Based on 50 conversations IU Foundation President Curt Simic had with donors the week after news broke of the potential firing
of men’s basketball coach Kelvin Sampson over alleged NCAA improprieties, the chief of Indiana University’s philanthropic
arm says he has little fear the latest athletic department controversy will affect financial support to the school.
Less than a month after starting a job she didn’t know she wanted, Indiana Black Expo CEO Tanya Bell has big plans for the nation’s oldest and largest group of its kind. Bell wants to diversify the statewide organization’s revenue stream and expand its already-impressive roster of more than 100 corporate sponsors. Doing that will mean raising awareness of the year-round programs that have been overshadowed by IBE’s two signature events: its annual Summer Celebration and Circle City Classic football…
In the mid 1990s, Carmel’s then-giant Thomson Consumer Electronics annually sold $300 million worth of high-end televisions under the name Proscan. But by the end of the decade, the company’s French owners had abandoned Proscan in favor of a strategy emphasizing the betterknown RCA brand. Now a former Thomson executive based in Indianapolis is attempting to revive Proscan. Last year, Pat Deighan sold nearly $50 million worth of Proscan high-definition flatscreen LCD televisions in the United States. This year, he…
Once reeling from the loss of its largest tenant, National City Center now has a rising occupancy rate amid a major renovation that is resuscitating the aging office building. Indianapolis-based Simon Property Group Inc. vacated 182,000 square feet in National City Center by moving to its new headquarters a block away in the fall of 2006. The departure left the 16-story tower at the southwest corner of Washington and Illinois streets 28-percent unoccupied after years of being nearly full. Owner…
The debt strategy Gov. Mitch Daniels’ top financial officials developed to save the state money on major projects like
Lucas Oil Stadium has turned sour.
At first glance, it seems like an odd scenario: a group of Indianapolis architects attending an auto show in Detroit so they can hear an Ohio guy talk about golf clubs. As convoluted as that seems, though, the trip makes perfect sense when you understand its purpose. We went to hear people talk about design and how it can define a product, brand or company. The event we attended was the AutoWeek Design Forum, presented as a part of the…
The U.S. Securities and Exchange Commission wants to know more about how Eli Lilly and Co. and WellPoint Inc. decide how to pay their top executives. The two Indianapolis companies exchanged letters last fall with the SEC. The federal agency requested more information about executive compensation from 350 of the nation’s largest public companies. The correspondence led Lilly to include more detailed information in a preliminary version of its proxy statement that it filed Feb. 6. WellPoint officials have promised…
Last week, my wife Cherà and I celebrated our first wedding anniversary with a trip to Turks and Caicos. We walked for miles along the white sand beaches of Grace Bay, snuggled in a hammock at sunset, slathered on sunblock and, between us, polished off 10 books at poolside. By midweek, we’d finally chilled from the tension of the daily grind. Unfortunately, about that time, the anticipatory anxiety of returning home set in. “I don’t wanna go back,” was our…
A small West Lafayette technology startup has quietly unveiled a product that might, just might, change the world. At the
TechAdvantage Conference and Expo in Anaheim, Calif., on Feb. 20, Kurt Koehler, CEO, co-founder (and, for the moment, sole
employee) of AlGalCo LLC, showed off a pre-production hydrogen-powered emergency generator.
