The state’s principal fund investing in high-tech companies has reached a milestone—for the first time recouping all the money it granted an emerging company, and then some.
A federal judge in Los Angeles ruled Wednesday that Carmel-based Conseco Life Insurance Co. may not follow through with a plan to raise policy rates for more than 50,000 mostly elderly policyholders.
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from OneAmerica’s acquisition of benefits firm McCready and Keene Inc. to Herb Simon’s pickup of the Kirkus Reviews, a venerable journal of prepublication book reviews. • Bloomington Hospital was merged into Clarian Health on Jan. 1. • Indianapolis-based […]
The Carmel-based company said the latest round of financing extends a $20 million investment it received in October to fund an expansion of its signature mobile service.
Shares of ITT Educational Services Inc. rose the most in a year Thursday after the for-profit educator reported a fourth-quarter profit that beat analysts’ estimates.
Republican Sen. Mike Delph of Carmel said it makes sense to start school after Labor Day because families would have more summer vacation time together.
Clarian Health, which is set to change its name to Indiana University Health on Jan. 24, is relying on the academic expertise of its downtown Indianapolis hospitals to pull in patients from a wider swath of the state and the nation.
–Jason O’Neal and brothers Jim McKenzie and John McKenzie have formed McKenzie Real Estate, a boutique real estate firm. O’Neil was formerly a real estate broker at Encore Sotheby’s International Realty. The McKenzie brothers have been custom-home builders in the Indianapolis area since 1993. McKenzie Real Estate is located at 4631 Lisborn Drive, Carmel.
-On a seasonally adjusted basis, the pace of mortgage loan activity increased 2.2 percent for the week ended Jan. 7, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.78 percent from 4.82 percent the previous week. The rate for 15-year mortgages decreased to 4.15 percent from 4.23 percent.
The case against Jeffrey and Dana Osler is the latest in what is expected to be a string of suits by the trustee against friends and business associates of Tim Durham who took out loans from Fair Finance but made few if any payments.
Jan. 22-23
Center for the Performing Arts, Carmel
The big gala opening event doesn’t take place until next weekend. But this week the new concert hall has scheduled two days of open-to-the-public performances to give a taste of things to come.
On Saturday, a ribbon cutting and the obligatory speeches will lead into a concert by the Carmel Brass (including a premiere of “The Palladium Suite”) and then five hours of “Take Center Stage at the Palladium,” showcasing a variety of acts chosen from those who auditioned in December.
On Sunday, there’s an open house that includes performances by Gregory Hancock Dance Theater, New World Youth Orchestra, the Carmel Symphony Orchestra String Quartet, Indiana University Jazz Group and the Purdue University Glee Club.
Details here. .
The legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000 to $1 million, helping high-potential startups attract outside funding.
Used-car prices are on the rise. Last month, the average used-car transaction was for $19,345 vs. $16,586 a year earlier, according to Edmunds.com. Last year, used-vehicle prices generally were 10 percent to 15 percent higher than in 2009.
The bulk of legislative Democrats, allied with organized labor, are vehemently opposed to having Indiana join almost two dozen other states with right-to-work laws, labeling them as discriminatory against minorities and women, and contending that such laws will do little more than reduce wages and lower the living standards of many Hoosiers.
The lead bank on the massive Legacy development along 146th Street in Carmel has put the note up for sale with an asking price of about $15 million—less than half what lenders have sunk into the project.
