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Articles

Stonegate Mortgage closes 2014 with tough quarter

February 27, 2015

Stonegate Mortgage Corp. finished 2014 with a money-losing quarter that fell short of Wall Street expectations.

Two counties continue effort to lease Indiana Toll Road

February 11, 2015

Lake County Commissioner Roosevelt Allen told a Northwestern Indiana Regional Planning Commission committee that his county along with LaPorte County are preparing to finalize their offer.

Allison exceeds expectations with quarterly report

February 10, 2015

The Indianapolis-based manufacturer had sales of $544.4 million in its fourth quarter, an 11-percent increase over the same period of 2013. Profit rose to $50.5 million, up from $42.9 million.

Company news

February 2, 2015

More medical malpractice cases could be filed directly in state trial courts without first having to go through the mandatory medical review process, under legislation pending in the Indiana Senate. Senate Bill 55, which cleared the Senate Judiciary Committee Jan. 21, raises the dollar amount of malpractice claims exempt from the medical review panel process […]

Indiana Toll Road operator wins approval of bankruptcy plan

October 29, 2014

U.S. Bankruptcy Judge Pamela S. Hollis in Chicago on Tuesday granted ITR Concession Co. approval of the reorganization plan, which is supported by more than 87 percent of senior secured debtholders.

State won’t try to reclaim Indiana Toll Road from bankrupt operator

October 28, 2014

Indiana Public Finance director Kendra York said in a letter that the state doesn't want to take over responsibility for running and maintaining the 157-mile road.

Lease critics urge Indiana to reclaim toll road

October 20, 2014

Calls are mounting for Indiana to reclaim the Indiana Toll Road amid concerns over its bankrupt operator's ability to maintain the 157-mile roadway and its travel plazas.

Cutillo ramrods entrepreneurship at Stonegate

October 16, 2014

Jim Cutillo, co-founder of the fast-growing mortgage company, pushes with military intensity.

Focus Stonegate

IU says Stonegate CEO did not earn Kelley degree

October 15, 2014

The CEO of Indianapolis-based Stonegate Mortgage Corp., one of the nation’s fastest-growing publicly traded mortgage companies, did not earn a degree from Indiana University as his company profile claims.

Indiana Toll Road operator set for short bankruptcy

September 23, 2014

The operator of the Indiana Toll Road, which paid $3.8 billion for a 75-year operating lease, won approval Tuesday of a schedule paving the way to exit bankruptcy court protection in just more than a month.

Dwindling traffic led to bankruptcy filing, toll road operator says

September 22, 2014

The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection Monday as expected after dwindling traffic soured a $3.8 billion bet on a 75-year lease.

As other WNBA teams struggle, Indiana Fever becomes model of stability

September 4, 2014

An aggressive year-round sales effort and the backing of the Indiana Pacers’ owner and top executive have pushed the Indiana Fever to profitability and helped the 15-year-old team become one of the WNBA’s model franchises.

Recent minor-league team sales suggest Indians worth $40M-plus

August 14, 2014

A stunning string of sales of minor-league baseball teams this year suggests the Indianapolis Indians’ current stock buy-back offer might be undervaluing the franchise.

Records – June 23, 2014

June 19, 2014

Records listings from the June 23, 2014, issue of IBJ.

Indiana Toll Road operator facing debt woes

June 19, 2014

The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the 157-mile highway, but its toll revenue hasn't met expectations.

Existing home sales continue dismaying trend

June 16, 2014

Figures for May add to evidence that about 14 percent fewer homes are selling this year in the nine-county area compared with the same point in 2013. But sale prices still are on the rise.

YMCA set to break ground on $22M CityWay project

June 10, 2014

The not-for-profit is expected to begin construction on the three-story, 87,000-square-foot downtown facility July 16, with a completion date of December 2015.

Broad Ripple brokers propose office project on College Avenue

February 17, 2014

Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.

Skarbeck: Analysts’ quarterly focus can lead investors astray

February 6, 2014

Wall Street analysts are notorious for their short-term attention spans. This leads to undue scrutiny of a company’s quarterly figures and can lead to poor decisions by investors.

Notre Dame No. 2 in ranking of football riches, IU tops Purdue

January 9, 2014

Florida State may be the BCS national champion, but when it comes to cash flow and valuation, the Seminoles can’t touch Texas and Notre Dame.

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