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IRL promo campaign going green

The Indy Racing League’s new TV partner is getting ready to launch a full-throttle promotional offensive. The Comcast Cable-owned Versus TV network is launching a promotional campaign March 7 that will not only be…

Pescovitz leaving IU, Riley hospital-WEB ONLY

Ora Hirsch Pescovitz, CEO of Riley Hospital for Children and executive associate dean for research affairs at the Indiana University School of Medicine, has accepted the top leadership position at the University of Michigan Health System. Pescovitz, 52, has been named executive vice president for medical affairs at the university and CEO of the U-M […]

Bids received for downtown public housing revamp-WEB ONLY

The Indianapolis Housing Agency has received five bids from teams interested in developing new residential or commercial space on land surrounding two prominent public housing towers. The agency had asked for proposals for land adjacent to the 21-story John J. Barton Apartments at 555 Massachusetts Ave. and the 15-story Lugar Tower at 901 Fort Wayne […]

UPDATE: Massive losses cloud Conseco’s future-WEB ONLY

After posting a $1 billion loss last year, Carmel-based Conseco Inc.’s future is in jeopardy. The losses have caused the life insurer’s debt as a percentage of its total capital to rise sharply, nearly to a level that would violate an agreement with its lenders. Conseco’s auditor, PricewaterhouseCoopers, said it might include a “going-concern” warning […]

Landlord seeks back rent from National Lampoon-WEB ONLY

The legal woes continue for National Lampoon Inc., the Los Angeles-based magazine publisher and movie production company led by Indianapolis businessman Tim Durham. Court documents filed by the landlord of National Lampoon’s West Hollywood headquarters say it owes nearly $40,000 in back rent and could be evicted for nonpayment, according to entertainment news Web site […]

Private school moving to Lockerbie

The private Todd Academy plans to move into a historic building at the northwest corner of East and New York streets in Lockerbie Square. The building is…

Dow Jones industrial average falls below 7,000-WEB ONLY

The Dow Jones industrial average plunged below 7,000 this morning for the first time in more than 11 years as investors grew pessimistic about the health of banks as well as the general economy. The Dow hadn’t traded below 7,000 since Oct. 28, 1997, and last closed below that mark on May 1 of that […]

Duke hires former Lehman exec as CFO-WEB ONLY

Duke Realty Corp. has ended a year-long stretch without a chief financial officer, hiring Christie B. Kelly to the post effective Feb. 27, the Indianapolis-based company announced today. Kelly, 47, a former financial executive at General Electric Co. and Lehman Brothers Inc., replaces Matthew Cohoat, who stepped down last March. Kelly most recently was senior […]

BREAKING: Auditors question Conseco’s viability-WEB ONLY

Conseco Inc. said this morning that its auditors are considering including a clause in the company’s annual report expressing uncertainty about whether it can remain a “going concern.” The Carmel-based insurer also said preliminary fourth-quarter results indicate it lost $406.8 million or $2.20 a share. Driving down results was an $88 million loss in its investment […]

McCordsville man gets 27 months for wire fraud-WEB ONLY

A Hancock County man has been sentenced to 27 months in prison on guilty pleas to wire fraud and money laundering. U.S. Attorney Timothy M. Morrison said 45-year-old Frederic Bowles Jr. of McCordsville admitted obtaining fraudulent loans for investors by submitting false loan applications, financial documents and appraisals. Morrison said Bowles obtained the loans to […]

New aid package worth $30B extended to AIG-WEB ONLY

The U.S. government today unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company another $30 billion on an “as-needed” basis. The new package comes as the company has burned through cash and has been unable to find buyers for pieces of its company that it hoped to […]

Lawmakers still wrestling with budget, job issues-WEB ONLY

Democrats and Republicans in the Indiana General Assembly carved out some wide, partisan divides on several big issues during the first two months of the 2009 legislative session, setting the stage for a second-half rumble. Lawmakers reached the session midpoint – when bills passed by the House and Senate are taken up by the opposite […]

Auto repair shops say business is good-WEB ONLY

Despite the recession, the owners of some Indiana auto service shops say business is pretty good – apparently because many people are too cash-strapped to buy new cars. As the recession forces many people to hang onto older cars rather than buying new ones, it means more trips to the service center to keep those […]

More than 2,000 turn out for 200 job openings-WEB ONLY

More than 2,000 people, many of them recently laid off from factories or restaurants, filled a convention center to compete for about 200 seasonal and part-time jobs with Fort Wayne’s minor-league baseball team. Saturday’s turnout at the Grand Wayne Center for jobs ranging from ushers to parking lot attendants offered a good look at the […]

Sewer, water plants to get $122M in stimulus-WEB ONLY

State officials are drafting plans to spend nearly $122 million in federal stimulus money to clean up Indiana’s aging, overflow-prone sewers and upgrade its drinking water systems. Although federal agencies are still fine-tuning details of how the nation’s $787 billion stimulus package can be spent, Friday was the first deadline for communities seeking money set […]

Township offices have to go

Leaders on both sides of the aisle have called for streamlining township government, and it’s time to demand that our legislators
make those changes.

Girl Scouts taught lifelong lessons

Some of Indiana’s most high-profile women have something in common beyond their gender and community status: They were Girl
Scouts.