CNO Financial gung-ho on share buybacks
The Carmel-based financial services company said that, during the second quarter, it repurchased $59.4 million of its securities, including 4.4 million common shares for $50 million.
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Fate of Indiana school grading system uncertain
The American Federation of Teachers says Indiana should immediately suspend its A-F school grading system because of emails showing former schools chief Tony Bennett changed the grading formula to benefit a top GOP donor's school.
Indy Eleven coach: Team, game ‘bigger than one community’
Carmel resident Juergen Sommer traveled the globe as a professional soccer player before hanging up his cleats more than a decade ago. Now he’s at the helm of Indiana’s newest pro sports team.
Newcomer banks slice into ‘overheated’ Indianapolis market
Newer entrants are chasing market share with convenient hours, quick decisions and narrower niches of customers.
Fires damages 2 Carmel homes
A fire caused heavy damage to two homes in Carmel on Wednesday. The blaze broke out shortly after 2 a.m. in the 13000 block of Versailles Drive, near 136th and Meridian streets. The home where the fire originated suffered an estimated $100,000 in damage. Damage to the neighboring home was estimated at $20,000. Homeowners and their pets escaped without injury.
Mass-transit planners unveil proposed route details
Central Indiana’s mass-transit planners unveiled detailed route information for the first time Wednesday and say a series of open-house meetings in August will be the public’s last chance to request changes before final recommendations.
Regulators: JPMorgan owes $410M for price manipulation
The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from two power grid operators, including the Midcontinent Independent System Operator, which is based in Carmel.
Indiana golf course lands Senior PGA Championship
Officials are expected to announce Tuesday that the 2015 Senior PGA Championship will be played at the Pete Dye Course at the French Lick Springs Resort.
Local firms team up to buy North Meridian office building
REI Real Estate Services LLC and Perennial Investments say that together they'll invest about $1 million in hopes of getting the office building at 550 Congressional Blvd. fully leased.
Zotec Partners plans $200 million acquisition
Acquisition of Atlanta-based medical billing firm would zoom annual revenue at Carmel-based Zotec from $85 million to $215 million. The combined companies would employ 1,750 people.
CNO profit jumps 17 percent
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
Buffett says coal’s decline in U.S. to be gradual, yet permanent
Coal use in the United States will continue to fall, though the slide will be gradual as electric utilities switch to cleaner alternatives over “years and years,” billionaire Warren Buffett said at an event in Carmel this week.
Software firm finds beer business is a frothy market
Carmel-based Blue Horseshoe Solutions develops software that manages supplies, warehousing, deliveries, worker productivity and other logistical complexities connected with any number of goods-producing businesses, but about 25 percent of its business falls within the beverage category.
SMALL BUSINESS
A bipartisan group of lawmakers formed to address the needs of small businesses will conduct a series of meetings across the state in August and September. The Small Business Caucus wants to meet business owners and discuss what government can do to help their operations grow. Caucus co-chairs are Reps. Terri Austin, D-Anderson, and Tom […]
Shares rise after ITT halts 3-year swoon in new students
The Carmel-based operator of for-profit colleges signed up 16,883 new students in the quarter ended June 30, a 7.5-percent increase from the same period last year.
Indiana tourism spending is fraction of nearby states’
As Indiana slashed its tourism budget, Michigan increased its widespread Pure Michigan ad campaign from $17 million to $27.4 million. Illinois, where budget problems have earned the state the nation’s worst credit rating—A3 by Moody’s Investors Service—spends more than twice as much as Michigan.
Firefighters battle Carmel blaze
Carmel firefighters took about an hour to contain a large house fire that broke out Wednesday shortly before 6 a.m. in the 500 block of E. 111th St. The homeowner escaped without injury after smoke alarms sounded. Damage to the home, which was on the market for about $700,000, was estimated at $300,000. The fire started near the patio area, where the homeowner had been grilling Tuesday night.
Roundup: Zaxby’s heads north, sushi in Carmel, pizza in Fishers
Chicken chain Zaxby’s spring sponsorship deals with the sports programs at IU and Purdue now make more sense: Central Indiana is slated to get its first location later this year. Plus more retail news.
Will retail follow rooftops in Village of WestClay?
If the “retail follows rooftops” real estate mantra is true, The Village of WestClay may soon see the commercial development its founders envisioned more than a decade ago.
Buffett joins opening ceremony for Geico center
Billionaire investor Warren Buffett took part in the ribbon-cutting ceremony at the center in Carmel. Geico announced plans for the service center in March, saying it could have up to 1,200 workers in the next few years.