Huntington Bancshares last month stopped contributing to 401(k) retirement plans of its 650 Indiana workers. Earlier, Lafayette-based Wabash National Corp. trimmed the amount it gives to 401(k) plans for its 3,100 employees. Ohio-based Huntington, along with Wabash and scores of other Indiana companies, is taking a scalpel to fringe benefit plans to relieve financial pressure […]
The most up-to-date report about white-collar job losses in Indianapolis comes every Monday at dawn in the parking lot at St. Luke’s United Methodist Church. The number of cars that pull in to attend the weekly gatherings of the Business and Professional Exchange has more than doubled in the last two months. Inside, men and […]
A bankruptcy judge yesterday tentatively approved Delphi Corp.’s request to stop paying for its salaried retirees’ health and life insurance, but he left the door open for some former employees to be excluded from the move. U.S. Bankruptcy Judge Robert Drain in Manhattan ruled that the auto parts supplier has a right to change the […]
These businesses have received loans from financial institutions with a guarantee from the SBA.
Indianapolis-based WellPoint Inc. has agreed to pay $10 million to settle a New York probe into how the health insurer reimbursed customers for out-of-network services. WellPoint also agreed to stop using the Ingenix database of reimbursement rates that New York Attorney General Andrew Cuomo has called “defective and manipulated.” “WellPoint acknowledges the conflicts of interest in […]
Indianapolis-based WellPoint Inc. has agreed to pay $10 million to settle a New York probe into how the health insurer reimbursed customers for out-of-network services. WellPoint also agreed to stop using the Ingenix database of reimbursement rates that New York Attorney General Andrew Cuomo has called “defective and manipulated.” “WellPoint acknowledges the conflicts of interest […]
|R ECOR DS| ANNOUNCEMENT Riser Retail Group, specializing in selling retail shopping centers, has launched “10 Cap Props,” a division marketing properties with CAP Rates 10% and higher. Contact 280 E. 96th St., Suite 225; phone: 844-0700; fax: 844-0701; [email protected]; www.riserretailgroup.com. BANKRUPTCIES Medical Savings Investment Inc., 5835 W. 74th St., 46278. Chapter 7 liquidation. Assets: […]
It will be at least another week before the city’s Metropolitan Development Commission decides whether to allow a crematorium to be built near the corner of Allisonville Road and 82nd Street. The commission was supposed to decide Feb. 4 whether the Harry W. Moore Funeral Care center could construct a one-story, 1,600-square-foot crematory on the […]
Two drug companies, Pfizer Inc. and Eli Lilly and Co., spent hundreds of millions of dollars last year to raise awareness of a murky illness, helping boost sales of pills recently approved as treatments and drowning out unresolved questions – including whether it’s a real disease at all. Key components of the industry-funded buzz over […]
Some local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
Danielle Chrysler hasn’t met a challenge yet that she hasn’t embraced–and conquered.
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
PROFILE DANIELLE CHRYSLER Woman takes multi-tasking o new levels From politics to basic training, Ch rysler doesn’t set limits Danielle Chrysler hasn’t met a challenge yet that she hasn’t embraced-and conquered. A fter growing up in Whiteland in a family of modest me ans, Chrysler paid her way through college-fi rstt at Indiana State University […]
Simon Property Group Inc. CEO David Simon hasn’t lost his swagger in the ugliest retail environment of his career. During a conference call with Wall Street analysts Jan. 30, Simon touted his fi rm’s conservative balance sheet and best-in-class mall portfolio. Responding to a question about how the company is handling retail store closings, he […]
A bill that would impose a statewide ban on smoking in enclosed public places in Indiana ignited sometimes emotional debate before an Indiana House committee yesterday. The lengthy hearing before the House Public Policy Committee pitted health advocates, business leaders and people who said their lives have been torn by secondhand smoke against opponents of […]
Stock prices of health insurers, including WellPoint Inc., likely will rise now that Tom Daschle has withdrawn as President Barack Obama’s nominee for secretary of Health and Human Services. At least that’s the opinion of one health care stock analyst, Les Funtleyder of Miller Tabak & Co. in New York. “In our judgment this development […]
Stock prices of health insurers, including WellPoint Inc., likely will rise now that Tom Daschle has withdrawn as President Barack Obama’s nominee for secretary of Health and Human Services. At least that’s the opinion of one health care stock analyst, Les Funtleyder of Miller Tabak & Co. in New York. “In our judgment this development […]
The message that Steve Dwyer, recently retired chief operating officer of Rolls-Royce North America, is taking to central
Indiana educators is that they still need to train students for careers in manufacturing.
Physicians and insurance companies have entered their fourth year of haggling over insurance payments, and each side is claiming
to best represent patients.
It’s hard to imagine a more discouraging environment to lure high school students into manufacturing work. The uncertain future of Detroit automakers casts a pall over thousands of workers in central Indiana. Companies of all sorts, from hospital equipment maker Hill-Rom Inc. to office supplies maker Defl ect-O Corp., are shedding workers left and right. […]
