Carmel-based KAR Holdings Inc., the parent of Adesa Auction Services, today posted a fourth-quarter loss of $49.3 million on $396.2 million in revenue for the period ending Dec. 31. KAR’s loss widened from $34.3 million, and revenue declined 0.6 percent, from the same period a year ago. For the year, the auto auction company reported […]
Two prominent financial ratings companies downgraded their outlooks for Carmel-based insurer Conseco Inc. yesterday. International credit ratings agency Fitch Ratings Inc. put the ratings of Conseco and its subsidiaries on “negative watch” status. And New York-based Moody’s Investors Service downgraded Conseco’s financial strength rating and its bank-debt rating while giving the insurer a “negative” outlook. […]
Carmel Mayor Jim Brainard defended himself yesterday in a meeting with council members about the costs of the Keystone Avenue project. The state originally provided $90 million for the construction of multiple roundabouts on Keystone. The cost has increased to $130 million. Brainard says the initial cost was an estimate, but some council members say […]
Carmel Mayor Jim Brainard is expected to answer questions tonight at Carmel’s city council meeting about the escalating cost of the massive Keystone Avenue project. The chair of Hamilton County’s Democratic Party is asking the mayor for full disclosure. The improvements, which include plans for six new roundabouts, originally were projected to cost less than […]
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 […]
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 […]
As job losses accelerate in the worst recession in a generation, it’s becoming tougher and tougher for even well-educated,
experienced professionals to find work �¢?? or at least to find a job in the area and at the pay they want.
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 […]
Can “Watchmen,” based on the acclaimed graphic novel, hold its own with such recent superhero standard-bearers as “Iron Man” and “The Dark Knight”?
Be one of the first to find out. I’m giving away passes to the March 5th (okay, technically…
Some of the Indy area’s newer theater companies have been announcing new productions on a show-by-show basis. This allows them to react quickly, to get a show up when it’s ready, and to live within their often very-limited means. On…
A prominent 11-acre site near I-465 and U.S. 31 in Carmel is now on the market for $16.7 million, a price that equates to around $1.5 million an acre. Listing agent Michael B. Drew of Colliers Turley Martin Tucker said the prime piece of property near the intersection of 96th Street and U.S. 31 could […]
Delta Faucet Co. has laid off 77 employees at its Greensburg plant – the company’s sixth round of employment cuts within the past two years, according to the Greensburg Daily News. The Carmel-based company began trimming its payroll in early 2007 and has laid off a total of more than 400 workers during that time, […]
Republican state lawmakers were never keen on House Democrats’ idea to take $500 million from a trust fund and spend the cash on local road projects. But the GOP-controlled Senate made the message clear yesterday as it approved a proposal to protect the fund by putting it into the Indiana constitution. Sen. Mike Delph (R-Carmel) […]
The Carmel Clay school board tonight will discuss ways to cut $1.85 million from next year’s budget. One option under consideration is slashing teacher positions.The meeting will start at 7 at the school district’s administrative offices, 5201 E. 131st St. Fox 59 will have more at 10 p.m.
Commuters in Greenwood can take an IndyGo bus downtown beginning March 2. The Greenwood IndyGo Commuter Express, the third IndyGo ICE route outside of Indianapolis, will depart from the Meijer Store on North State Road 135 and arrive downtown at Delaware and McCarty streets about a half-hour later. The route features five other stops downtown. […]
Radio frequency identification—better known as RFID—is making its way to trade shows and conventions, providing a plethora of information about attendees.
The vast amounts of personal information capable of being stored through RFID raises privacy concerns. And the cost is significantly greater than standard bar codes.
Welcome to the convention of the future. Salespeople you’ve never met will approach you with an uncanny, maybe even unnerving, familiarity and strike up conversations eerily close to your thoughts. Signs and data centers will flash messages tailored to your interests, guiding you to displays, meetings, and products ro and services. You won’t need cash […]
A bill that would revoke the business licenses of companies that repeatedly hire illegal workers won unanimous support from a Senate committee yesterday. The committee took the unusual step of holding three separate meetings on the proposal – listening to supporters and opponents – before taking a vote. Sen. Mike Delph (R-Carmel) supports legislation to […]
A bill that would revoke the business licenses of companies that repeatedly hire illegal workers won unanimous support from a Senate committee yesterday. The committee took the unusual step of holding three separate meetings on the proposal – listening to supporters and opponents – before taking a vote. Sen. Mike Delph (R-Carmel) supports legislation to […]
