ITT agrees to pay Sallie Mae $46M to settle suit
Wall Street reacted unfavorably to the settlement Monday, as ITT shares fell as much as 22 percent, to $15 a share. Shares traded for more than $66 about 10 months ago.
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Michigan’s right-to-work law could change Indiana’s economic development pitch
As the controversial provision spreads to other states in the region, Indiana is likely to give more weight to its other selling points.
CNO’s Bonach has insurance firm back on offense
CNO Financial Group’s stock price has nearly doubled since Ed Bonach took the helm in October 2011. Some analysts that follow the successor to Conseco Inc., which a decade ago was the nation’s third-largest Chapter 11 bankruptcy reorganization, now regard CNO as an attractive value play.
Mayors organize to tackle regional issues
The leaders of 18 central Indiana cities and towns have formed a group that intends to address regional concerns, starting with a proposed $1.3 billion, 10-year mass transit plan.
Stock buyback continues at CNO
The Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
Bazbeaux founders settle lawsuit
Deborah Borchelt, who co-founded Bazbeaux Pizza, has agreed to sell her half stake in the popular restaurant chain to co-founder Jeffrey Berman to settle a lawsuit he filed last February claiming she had violated a non-compete agreement by opening B’s Po Boy restaurant in Fountain Square. Deborah Borchelt opened B’s Po Boy last year with […]
RACE: Here’s how we can design our way to prosperity by 2040
If we do not think about whom we are designing the Indianapolis region for, we will, by default, turn design decisions over to speculators and partisans.
Indiana lawmakers seek decentralized school choices
Two Republican state senators announced Wednesday they will push measures to decentralize school leadership in Indiana and pull the state out of a national education initiative.
Bazbeaux founders settle lawsuit
Former husband and wife agree to end joint ownership of pizza restaurant, ending dispute that erupted with opening of Fountain Square sandwich shop.
LOU’S VIEWS: 2012 A&E favorites
With so much to choose from, it’s impossible to say what was best. Instead, here are some of my favorites of the year.
Digital marketer ExactTarget splashed onto NYSE
After an aborted attempt to go public in 2007, marketing software giant ExactTarget rang the bell on the New York Stock Exchange last March in an IPO that raised $162 million.
Carmel lawmaker wants transparency from IEDC
Sen. Mike Delph said he believes the economic development organization is intentionally misleading the public about the number of jobs that companies receiving incentives create.
Holiday retail sales growth weakest since 2008
Shoppers were buffeted this year by a string of events that made them less likely to spend. The numbers also show how Washington’s current budget impasse is trickling down to Main Street and unsettling consumers.
Two Scotty’s to reopen as Detour American Grilles
The owner of the restaurants, Fishers-based MSCB, switched to the new formats after terminating its contracts with the current operator, Indianapolis-based A Pots & Pans Production.
LIBMAN: Shrink unwieldy not-for-profit boards
As major arts institutions in central Indiana search for administrative leadership and financial stability, a logical question might be, what should be the role of the board for a not-for-profit organization?
Shepherd insurance agency acquires rival Chappell
Carmel-based Shepherd Insurance & Financial Services, one of the largest independent insurance agencies in the Indianapolis area, got a little bigger with its purchase of Chappell Insurance Agency in Fishers.
Chrysler plans 400 more jobs, $212M expansion in Kokomo
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.