Clarian buys piece of Indiana Heart Hospital
Clarian Health has acquired a controlling stake in a cardiology practice based at the Indiana Heart Hospital, which is owned
by Clarian competitor Community Health Network.
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Former Thomson exec attempts to revive Proscan TVs: U.S. subsidiary sells South Korean flatscreens
In the mid 1990s, Carmel’s then-giant Thomson Consumer Electronics annually sold $300 million worth of high-end televisions under the name Proscan. But by the end of the decade, the company’s French owners had abandoned Proscan in favor of a strategy emphasizing the betterknown RCA brand. Now a former Thomson executive based in Indianapolis is attempting to revive Proscan. Last year, Pat Deighan sold nearly $50 million worth of Proscan high-definition flatscreen LCD televisions in the United States. This year, he…
Housing slump puts Gramercy project in Carmel on hold:
The deteriorating housing market and Carmel’s plans to build more roundabouts have led The Buckingham Cos. to put the brakes on its ambitious Gramercy development project. The $500 million project set to begin in the spring now has no timetable. But when construction ultimately commences, it likely will begin with the commercial and retail portions rather than the home-building portion, as was originally planned, said Clyde Lee, a spokesman for the local developer. “They have revised the plans,” Lee said….
UPDATE: Conseco shares slip after report
Stock in Conseco Inc. sank 4 percent this morning after the Carmel insurer said it would restate earnings for nearly the past three years and alter other information as far back as 2003. The shares slumped to $11.62. Conseco said the action will correct errors identified by the company’s process of improving its internal financial […]
Community to expand South hospital
Community Health Network plans to announce a $130 million expansion of its Community Hospital South on Thursday. The city’s third-largest hospital chain said the expanded hospital would help “meet demand of (the) growing south market,” according to a press statement. The hospital is located on the north side of County Line Road. Less than a […]
Delta Faucet cuts workers in Greensburg
Carmel-based Delta Faucet Co. cut 20 workers at its plant in Greensburg, reports the Greensburg Daily News. The number represents about 25 percent of the facility’s salary positions. The continued downturn in the housing market was blamed for the employee reduction. Delta Faucet employees told the newspaper that they were told an undetermined number of […]
Pacers deal with more bad press
A throng of media members besieged Indiana Pacers players and front office executives after the team’s practice today at Conseco Fieldhouse, seeking comment about the latest off-court incident involving a Pacers player. This…
City doles out incentives to Defender Direct:
The city plans to designate part of an office park near 96th Street and Keystone Avenue as an “economic revitalization area” to provide tax abatements for a local company that sells ADT security systems and Dish Network subscriptions. The company, Defender Security Co., has pledged to more than triple its Indiana work force-adding more than 1,100 new jobs-over the next 10 years. The state offered the company up to $6 million in tax credits and $345,000 in training grants to…
Conseco retains manager appeal: Amid ongoing struggles, insurer landing top talent
Ten years ago, Dan Bardin was exactly where he wanted to be. He was running insurance operations for behemoth American International Group in Thailand, as Asian financial markets collapsed. “I was there right in the middle of the crisis. And that’s what I like,” Bardin said. Today, Bardin has found his way to another crisis of sorts. He’s the new president of the Conseco Insurance Group. During the year leading up to Bardin’s arrival in December, the subsidiary of Carmel-based…
Centaur tempted to buy Aztar casino
Indiana riverboat casinos don’t go up for sale every day. So when one becomes available, it’s bound to spark interest. Hence,
the dilemma facing Centaur Inc., the Indianapolis-based casino developer.State goes from first to last in catastrophes: Indiana sails through 2007 without a single large weather event, rebounding from hailstorm of claims in 2006
Indiana weather is notorious for the volatile swings it can produce from one day to the next. Just this month, high temperatures in Indianapolis fluctuated about 40 degrees within 48 hours. The disparity in major storm damage that befell the state the past two years is quite unusual, though, even by Hoosier standards. Statewide property losses totaled $1.5 billion in 2006, the most in the nation, due in large part to what’s become known as the Good Friday hailstorm. Last…
Students finding robotics irresistible: Competitions promote interest in technology
On the same day this month when high school boys’ basketball teams compete to advance to the state finals, another event showcasing the talents of Indiana’s youth should be just as climactic. Only this contest emphasizes academics over athletics. The three-day Boilermaker Regional at Purdue University that culminates March 15 will host roughly 40 high school robotics programs, including 26 schools from Indiana. Students will apply their engineering and computer programming skills to design and build task-performing machines. The winning…
Telamon on the rebound: Diversification puts Carmel technology firm back on fast track, prevents layoffs
In 2003, Carmel-based Telamon Corp. hit rock bottom. So, founder Albert Chen returned to his roots. Taiwanese native Chen, 63, had spent two decades building his firm to serve telecommunications giants. But when the dot-com bubble burst, the telecom industry tanked along with it. Telamon-then Indiana’s largest minority-owned business-saw its annual revenue plummet $300 million, down from $456 million in 2001. Most managers would have chosen to shrink Telamon to reflect its new reality. But Chen doesn’t do mass layoffs….
HAMILTON COUNTY
HAMILTON COUNTY Carmel lauded for wastewater purification leadership Carmel’s wastewater treatment process is so innovative that it’s been judged a “best practice.” The Washington, D.C.-based National League of Cities maintains a database of best practices for its 18,000 members. In October 2005, Carmel opened the nation’s first municipal BioPasteur system to process solid biological waste, […]
Tech innovator tries entrepreneurship again: iGoDigital software already used by major retailers
Eric Tobias, the IT architect behind Carmel-based online battery supplier Technuity Inc., now is energizing another startup, Indianapolis-based iGoDigital, a fast-growing player in “recommendation” software for retailers. Tobias, 31, was chief technology officer of Technuity, which distributes batteries, carrying cases and electronics accessories. He left the company, once known as Batteries.com, after it was acquired in November by Hauppauge, N.Y.-based Audiovox Corp. for $16.5 million, plus the repayment of $4 million in debt. The deal added $30 million to Audiovox’s…
BREAKING: Is Conseco for sale?
Conseco Inc. reported today that it has been working with investment bank Morgan Stanley for months to explore “strategic alternatives” for the company – a phrase often used when a company is searching for a buyer. Carmel-based Conseco made the announcement this morning as it declined a request from one of its largest investors, Steel […]
UPDATE: Conseco stock slumps
Conseco Inc. shares tumbled today, despite the company’s announcement before trading opened that it was working with investment firm Morgan Stanley to explore “strategic alternatives” aimed at boosting its sagging stock. Such pronouncements typically signal a company is putting itself up for sale, raising the prospect of a rich payoff for shareholders. But Conseco likely […]
Delta slashes 95 more jobs in Greensburg
Delta Faucet Co. has cut 95 blue-collar workers at its plant in Greensburg, leaving about 662 employees. The Carmel-based company blamed ongoing sluggishness in the housing market, according to the Greensburg Daily News. Earlier layoffs at the plant have claimed about 100 workers, and about 30 jobs at the Camel offices. Delta is owned by […]
Legislators tackle range of business-related measures:
Property tax reform took center stage during the just-completed session of the Indiana General Assembly. But lawmakers also grappled with a host of other measures with business implications. A roundup appears below. ILLEGAL IMMIGRATION ENFORCEMENT One of the session’s most divisive issues-whether to penalize companies that hire illegal immigrants-died during the waning hours. Under the legislation, introduced by Sen. Mike Delph, R-Carmel, companies could have had their business licenses suspended, or revoked after three instances. The Senate and House passed…
Struggling Noble Roman’s takes over franchisee’s 6 units
Noble Roman’s Inc. has taken over the operation of six franchised restaurants in Indianapolis in a bid to prove its concept
can be executed profitably. The move–which comes amid a chorus of discontent from franchisees and as the company explores
the possibility of selling itself–could help the 1,000-restaurant chain avoid the embarrassment of store failures in its
own back yard.