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Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.
Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent. Indianapolis-based Emmis turned a profit of $7.5 million, or 20 cents per share, for the […]
Ivy Tech Community College President Tom Snyder is one of 13 candidates being considered for the position of chancellor of the State University System of Florida. A search committee will meet Monday to select candidates to be interviewed July 17. A recommendation from the committee and an appointment by the system’s Board of Governors is […]
Purdue University researcher Philip Low, also the chief science officer for West Lafayette-based Endocyte Inc., has developed
a prostate cancer “homing device” to help anti-cancer agents specifically target prostate
cancer tumors.
Indianapolis-based merchandiser MainGate Inc. continues scoring deals with National Football League teams.
On July 7, company officials announced they had signed a 10-year deal to be the exclusive retail and merchandising company
for the Minnesota Vikings.
Thirty-seven people were laid off at the Indianapolis Star yesterday and today as part of Virginia-based parent Gannett
Co. Inc.’s attempt to grapple with the swooning economy and falling advertising revenue. Seventeen of those laid off were
in the newsroom of the state’s largest daily newspaper, including seven editors, which constitutes one-fourth of the
editorial management team.
President Obama was in Egypt last month to see the Sphinx, the Pyramids and other relics of a bygone age but, more important,
to set the tone for a new age—according to Obama, “a new beginning” in relations between the United States
and the Muslim world.
A state budget was passed June 30, but it’s balanced on the backs of poor children. Legislators
deserve praise for at least slightly increasing overall education funding, but because of a flawed funding
formula, urban districts such as Indianapolis Public Schools actually will lose money in the next two
years.
Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.
Kite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
If you’re in Broad Ripple and hungry for pizza, you’ve got lots of options. But what do you do if it’s the
middle of the night on a Thursday and you and your entourage have the munchies? Well, for that very specific
demographic group of pizza eaters, there’s now ’Za, which is open until 4 a.m. Wednesday
to Saturday.
There are lots of ways that “Walking with Dinosaurs” (with performances through this weekend at Conseco Fieldhouse) could have compromised itself. It could have turned too jokey. It could have gone anthropomorphic or “Land Before Time” cute. It could have…
Like it or not, the Indy Racing League is becoming an international series, with American drivers like
Patrick, Andretti and Rahal and internationally known drivers such as Castroneves, Kanaan, Mutoh and
Meira.
This year’s Indianapolis International Film Festival gets rolling later this usual, with a bump to summer precipitated
in part by the moving on of its founder to the Nashville Film Festival and in part by the move of most of the fest (minus
parties) to the Indianapolis Museum of Art. We’ve spent the last few weeks reviewing most of the
features in competition.
Bashing the president is a time-honored tradition in the United States going all the way back to George
Washington himself and honed to a fine point by the Jefferson/Adams exchanges.
Ivy Tech Community College President Tom Snyder is one of 13 candidates being considered for the position of chancellor of
the State University System of Florida.
Property-tax caps, as well as a dwindling population and commercial base, have left Muncie in the uncomfortable
situation of cutting budgets. Since the bulk of costs are related to fire and police salaries, few options
are available. The city has turned to the short length of rope the Legislature offered amid the debate
on property tax caps—the Local Option Income Tax.
A developing case of technology theft has shed light on the proprietary systems Goldman Sachs and other investment firms
use to make millions of dollars. A 39-year-old former employee at Goldman has been accused of stealing computer
code used in the company’s high-frequency trading system.
The new General Motors will be far faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said today as the company emerged from bankruptcy protection. Henderson said the automaker completed its 40-day stay under court supervision far faster than […]
Local businessman J.B. Carlson contends the $15 million life insurance policy he took out on Stephen Hilbert’s mother-in-law
was legitimate, because she served on his firm’s board and was a key decision-maker. The mother-in-law, Germaine
“Suzy” Tomlinson, died at age 74 last September—just 32 months after the policy was issued.
