Judge upholds sanctions in Conseco loan case
U.S. District Court Judge Larry J. McKinney upheld sanctions against Dennis E. Murray Sr. in his legal battle with Carmel-based insurer Conseco Inc.
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Reviews: Cirque and Feinstein
There’s not enough room in my IBJ print column this week to discuss all I’m seeing this week. Plus, I wanted to get word to you on these two while they are still in town. So here’s two quick reviews:
First,…
Around town retail roundup
A new restaurant called Stanley’s New York Deli plans to open Feb. 28 at the corner of 86th Street and Ditch Road. Owner Greg Abes named the 3,800-square-foot deli for his father…
Madoff investor list includes Hudson Institute-WEB ONLY
A newly released list of clients of disgraced investment manager Bernard L. Madoff does not include any of Indianapolis’ most prominent businesspeople. But it does identify as clients the Hudson Institute, the prominent think tank that relocated from Indianapolis to Washington, D.C., in 2004, as well as north-side resident Howard J. Glass. The 162-page list […]
Madoff investor list includes Hudson Institute-WEB ONLY
A newly released list of clients of disgraced investment manager Bernard L. Madoff does not include any of Indianapolis’ most prominent businesspeople. But it does identify as clients the Hudson Institute, the prominent think tank that relocated from Indianapolis to Washington, D.C., in 2004, as well as north-side resident Howard J. Glass. The 162-page list […]
Some female small-biz owners anticipate boost from changes by new administration
Some local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
NASA contracts soaring-WEB ONLY
Indiana’s share of NASA spending amounts to little more than a shiny penny at the bottom of a clothes dryer. Only $130 million made its way to the state in 2007-virtually nothing compared to the $12 billion the space agency doled out to all states and the $5 billion Indiana companies snagged from the U.S. […]
Entrepreneurs pursuing patient advocacy trend
Patients are seeking help with their doctors, records and referrals as the health care system grows increasingly complex.
Texas developer and New Hampshire not-for-profit promise attention for seniors who prize stable prices
A Texas developer of retirement communities has targeted Carmel for a style of assisted living new to the Indianapolis area that offers on-site health care for the unusual arrangement of a fi xed monthly fee.
Foreclosed properties create quandary for financial institutions
Real estate holdings of the nonbank-branch variety are growing fast on bank balance sheets.
TechPoint to make awards to IT
The state’s technology initiative, TechPoint, is adding two categories to its annual Mira awards: health care IT and corporate
IT.Banks reel in real estate-WEB ONLY
The unfinished eight-story luxury condo building at 707 E. North St. is on track to get a reluctant new owner: Cincinnati-based Fifth Third Bancorp. The stalled Beilouny Luxury Properties development near Massachusetts Avenue could join dozens of properties-from undeveloped residential lots to half-vacant office buildings-to land on the books of banks during one of the […]
SBA loan approvals
These businesses have received loans from financial institutions with
a guarantee
from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled.Financial crisis, recession hammer deal flow
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.SMALL BUSINESS PROFILE: KERNS INTERNATIONAL LLC-WEB ONLY
Once recruited for a high-level management position at a major soft drink company, John Kerns is now the recruiter, searching for presidents, vice presidents and directors for a number of Fortune 500 fi rms. But with the economy nosediving and companies laying off workers by the hundreds and thousands, Kerns calls this the most difficult […]
UPDATE: ITT in ‘near-ideal’ environment-WEB ONLY
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
Pilot accused of fraud in federal court-WEB ONLY
The Hamilton County pilot accused of faking his own death appeared in federal court this morning. But a public defender says Marcus Schrenker, 38, isn’t mentally competent to stand trial. Schrenker’s attorney has asked a Florida federal judge to order a mental evaluation. Investigators say the Carmel investment adviser intentionally crashed his airplane in the […]
Analyst: ITT in ‘near-ideal environment’-WEB ONLY
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
ITT profit up 34 percent in 2008-WEB ONLY
A 29-percent increase in student enrollment helped ITT Educational Services Inc. grow its fourth-quarter revenue to $279.8 million, up from $230.4 million the same period the prior year. The Carmel-based technical school operator released financial results for the period ending Dec. 31 this morning. ITT posted a $63 million profit for the quarter, up 30 […]