A warm March gave Indiana golf course operators something to smile about as many of them saw business increase tenfold over the same month last year. But that didn’t quell their economic fears. Local course operators are still as nervous as a long-ball driver facing a stout crosswind. “I don’t think anybody knows exactly what […]
A Florida-based investor wants his fellow shareholders in Conseco Inc. to install him on the company’s board of directors, saying the board has failed for more than five years to act in shareholders’ interests. Roger Keith Long, an Indiana University alumnus, runs Otter Creek Management, which owns 1.4 million shares, or less than 1 percent, […]
A Florida-based investor wants his fellow shareholders in Conseco Inc. to install him on the company’s board of directors, saying the board has failed for more than five years to act in shareholders’ interests. Roger Keith Long, an Indiana University alumnus, runs Otter Creek Management, which owns 1.4 million shares, or less than 1 percent, […]
Conseco Inc. executives took hits to their pay packages last year as the Carmel-based company’s stock price plunged 59 percent. CEO Jim Prieur took home 18-percent less in total 2008 compensation than in 2007, according to Conseco’s preliminary proxy filed yesterday. Prieur earned no performance bonus last year, but still received nearly $2.2 million in […]
Conseco Inc. executives took hits to their pay packages last year as the Carmel-based company’s stock price plunged 59 percent. CEO Jim Prieur took home 18-percent less in total 2008 compensation than in 2007, according to Conseco’s preliminary proxy filed yesterday. Prieur earned no performance bonus last year, but still received nearly $2.2 million in […]
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
As health care slowly shifts to operate more like retail stores, patients’ opinions of doctors have become commonplace on more than 30 physician-rating Web sites, including a subscription service run by Indianapolis-based Angie’s List.
While newcomer Stanley’s doesn’t have the scale or history of Shapiro’s, it’s making
a valiant effort to bring real deli back to the neighborhoods near 86th Street and Ditch Road.
Dr. Dmitry Arbuck treats pain for a living. But he might have to start taking his own medicine. Arbuck has built a a practice that by all traditional standards is exemplary. But patient reports on multiple online rating services make Arbuck seem arrogant, incompetent and downright scary. “This Dr. . is a QUACK,” one patient a wrote […]
In just one year, Indianapolis’ unemployment rate has risen from 4.5 percent to 8.2 percent. But don’t expect local economic development officials to complain too much. Not when 74 of Indiana’s 92 counties have higher unemployment rates than Marion County’s. “When I took this job 15 months ago and the Dow [Jones industrial average] was […]
Banks aren’t known for creative names. Three in Indiana—in Mooresville, Fairmount and Munster—include “Citizens” in their names. Three others have “Peoples.” Eight have “Community.” And don’t ask about “First.”
Now there’s another blurring of bank brands. Greensfork Township State Bank, a…
Conseco Inc. shares continue to recover now that the company has cleared away the biggest clouds hanging over it. Shares of the Carmel-based life insurer rose another 12 percent in morning trading after surging 35 percent yesterday. They traded at $1.03 late this morning. Investors have bid up the shares after Conseco renegotiated $912 million […]
Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Marsh Supermarkets Inc. has sued its former CEO, Don E. Marsh, alleging he treated the company like “a personal checkbook” to bankroll extravagant trips, maintain vacation homes and hide personal relationships with female employees.
Marsh Supermarkets Inc. has sued its former CEO, Don E. Marsh, alleging he treated the company like “a personal checkbook” to bankroll extravagant trips, maintain vacation homes and hide personal relationships with female employees. The company claims Marsh shredded documents before he left the company in 2006 to hide his “inappropriate activities” – including personal […]
Conseco Inc. avoided a warning about its ability to stay in business from its auditor, the company reported today. PricewaterhouseCoopers will not issue a “going concern” warning in Conseco’s annual report, Conseco CEO Jim Prieur said in a statement. The report will be filed later today. Prieur’s statement came after the Carmel-based insurer announced this […]
Conseco Inc. has won an amendment to its bank loans that gives it more breathing room to operate. But the Carmel-based insurance holding company will pay for it. The cash interest rate Conseco is paying on the $912 million in loans will rise from 2.6 percent to at least 6.5 percent, with a payment equal […]
Conseco Inc. has won an amendment to its bank loans that gives it more breathing room to operate. But the Carmel-based insurance holding company will pay for it. The cash interest rate Conseco is paying on the $912 million in loans will rise from 2.6 percent to at least 6.5 percent, with a payment equal […]
Benefits brokers and agents-facing increasing demands from employers and declining commissions-are merging at an accelerating pace. In less than two years, 10 Indiana firms have been swallowed up. The trend started slowly in 2007 but picked up speed late in 2008 and has continued into 2009. In March alone, Indianapolis brokers Benefit Associates Inc. and […]
