The Obama administration launched a new effort today to end a paralysis in lending, saying it will team with investors to sop up a half-trillion dollars of bad assets from banks that have been reluctant to make loans to consumers and companies. In announcing the program, Treasury Secretary Timothy Geithner pleaded for patience, saying that […]
The Obama administration launched a new effort today to end a paralysis in lending, saying it will team with investors to sop up a half-trillion dollars of bad assets from banks that have been reluctant to make loans to consumers and companies. Wall Street seemed to feel rejuvenated by the plan, at least initially. In […]
Efforts to fix Indiana’s bankrupt unemployment insurance system are shaping up as a slugfest in the General Assembly, one likely to last to the end of the session in late April – if not beyond. “This is the one issue that can slip us into a special session, and we had the opportunity to start […]
If the Pacers want the city to support it with more money, the organization needs to provide more information to the city,
and perhaps a future cut of event proceeds.
More former franchisees have joined a lawsuit against Noble Roman’s Inc., raising the prospect that a courtroom loss could
sink the locally based pizza chain.
More former franchisees have joined a lawsuit against Noble Roman’s Inc., raising the prospect that a courtroom loss could sink the locally based pizza chain. Fourteen franchisees of the Noble Roman’s Pizza and Tuscano’s Italian Style Subs chains now are seeking about $8 million-more than the firm’s total stock market value. They say the company […]
Call it March Madness-NBA style. The Indiana Pacers franchise needs $15 million a year beginning in 2010-presumably from the public-to fund the operation of Conseco Fieldhouse. The franchise says it can’t afford to operate the venue, where it claims to have lost money every year but one since moving in 10 years ago. That’s madness. […]
Indiana reported the biggest increase among states in new jobless claims for the week ending March 7, with a jump of more than 5,500, which it attributed to layoffs in the auto and manufacturing industries. Nationally, new jobless claims fell more than expected last week, but continuing claims set a record for the eighth straight […]
The mayor of beleaguered Elkhart had a simple message for Indiana Gov. Mitch Daniels yesterday: Send us stimulus money, and send it fast. Mayor Dick Moore hopes federal economic stimulus cash can revive the northern Indiana city, which has been hit hard by the collapse of the recreational vehicle industry and is struggling with an […]
Police are investigating a crash involving a transport van loaded with prisoners. The accident happened just after midnight near 69th Street and Keystone Avenue. Five prisoners, a Marion County sheriff’s deputy and the driver of the other vehicle were all taken to local hospitals. None of the victims suffered life-threatening injuries.
A plan designed to fix Indiana’s bankrupt unemployment insurance fund drew misgivings from business and labor groups yesterday as it advanced to the Republican-controlled Senate, which is expected to pass some version of the proposal. The Senate Tax and Fiscal Policy Committee endorsed the plan on a 9-3 vote after four hours of public testimony, […]
The trio of attorneys who practice in the local office of Barnes & Thornburg LLP’s life sciences group is a self-deprecating, peculiar bunch. Not only are the three the punch line of an occasional lawyer joke, but they’re also the target of lighthearted ribbing about their scholarly credentials. “We’re the geeky group,” patent attorney Kevin […]
Pathway Productions, purveyors of some of the highest-profile documentaries to come out of the Indianapolis area in the last
decade, is on the brink of extinction.
Without fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.
Lawyers holding doctorates in biotech, biology, chemistry and computer sciences are in high demand by firms with strong intellectual
property practices.
A Las Vegas casino and Indianapolis-based Simon Property Group Inc. lost a bid last week to throw out a hip hop nightclub’s lawsuit alleging it is being discriminated against because most of the patrons of the Vegas establishment are black. U.S. District Court Judge James Mahan said it was too early to make a decision […]
Whether or not Conseco Inc. gets a clean bill of health from its auditor on March 17, analysts predict the life insurer will need to raise more than $400 million to cover looming investment losses. And it needs the cash when raising any money is nearly impossible. Without fresh capital-or loosened debt obligations-Carmel-based Conseco could […]
Pathway Productions, purveyors of some of the highest-profile documentaries to come out of the Indianapolis area in the last decade, is on the brink of extinction. Not even a rescue plan forwarded by Mays Chemical Co. President William Mays last year could save the company. Mays blames former Pathway owner Michael Husain for driving the […]
The trio of attorneys who practice in the local office of Barnes & Thornburg LLP’s life sciences group is a self-deprecating, peculiar bunch. Not only are the three the punch line of an occasional lawyer joke, but they’re also the target of lighthearted ribbing about their scholarly credentials. “We’re the geeky group,” patent attorney Kevin […]
My weekend included the “European Design Since 1985” show at the Indianapolis Museum of Art, “The Ladies Man” at the IRT, and “Mauritius” at the Phoenix. Plus, semi-related to the later, I finally saw the film version of David Mamet’s…
