Maurer gift is IU’s fourth largest
IBJ co-owner Michael Maurer’s $35 million gift to the Indiana University School of Law in Bloomington is the fourth largest
from an individual in the history of the university.
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Clarian plans to slash salaried staff positions
Losses in Clarian Health’s investment portfolio will force cutting 5 percent from next year’s operating expenses, a spokesman for Indianapolis’ largest hospital system said today. The cuts will involve salaried employees, but it’s too early in the 2009 budgeting process to project the number of lay-offs or which positions will be targeted, said spokesman James […]
Ontario Systems axes 126 employees
Muncie-based Ontario Systems LLC laid off 126 of its roughly 500 workers yesterday, The Star Press reported. Most of the affected employees were at its home office, but a few were in the Columbus, Ohio, suburb of Berlin. The developer of debt-collection software said the action was necessary to align costs with revenue. Ontario was […]
BREAKING: Maurer donates $35M to IU
Click here to view a video of the announcement. Indianapolis attorney and businessman Michael Maurer is giving $35 million to the Indiana University School of Law in Bloomington, which has been renamed in his honor. The gift, the largest in the law school’s history to come from a single donor, will fund an undetermined number […]
State technology interests don’t want economy to stifle progress
Indiana legislators are signaling that everyone who receives funding from state government must tighten their belts as tax
collections fall short of projections. That could cause pressure for cuts to key technology incentives.State public company execs grab up stock as prices fall
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.Automotive Finance Corp. writes off $162 million, reflecting slow auto sales
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.Greensfork Township State Bank to acquire local startup that failed to live up to high hopes
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup
spent to build its extravagant branch on 96th Street.Green Mountain entrepreneur compiles 17-percent stake in struggling Noble Roman’s
Robert P. Stiller, a lifelong entrepreneur who built Green Mountain into a wholesale coffee giant with 7,000 customers and
$500 million in revenue, owns 3.4 million shares, or 17 percent of the Noble Roman’s company.After a dozen years, Natural Stone Specialist growing seeks more commercial biz
Twelve years after opening Natural Stone Specialists, Laura Christy is still just as passionate about the Carmel-based business,
which
sells high-end stone, metal and glass tiles.Robotic grass mower to hit links next year
Precise Path Robotics Inc., a Carmel company started by tech entrepreneur Scott Jones and other investors, is about to unveil its first product – a lawnmower guided by technology developed for the battlefield. Precise Path plans to display the RG3 at the Golf Industry Show in New Orleans in February, and anticipates selling 50 units […]
Former Conseco director liable for some unpaid stock loans
Dennis E. Murray Sr. was declared liable in October by U.S. District Court Judge Larry J. McKinney for at least some of the
millions of dollars he borrowed to buy Conseco stock in the late 1990s.Brainard defends Keystone project
Carmel Mayor James Brainard is trying to convince his city to pay up to $52 million more than the original amount allocated
for a roundabout interchange project designed to ease congestion on Keystone Avenue.ChaCha trims employees, modifies biz plan
Search engine ChaCha lays off employees, cuts perks, begins limiting its free answers to clients
Two local insurers pitching ‘medical tourism’
Medical tourism is getting the attention of two Indianapolis-area insurance companies. Carmel-based Seven Corners announced yesterday that it will offer coverage for medical complications if they arise during or after a trip overseas to receive surgery. Seven Corners claims it is the first insurer to offer such coverage. Also, Indianapolis-based WellPoint Inc. has been working […]
Schott design firm builds office clients through real estate connections
Jenny Schott Androne, the president and founder of Schott Design Inc., one of the city’s largest interior design firms, has
amassed a diverse array of clients largely by marketing to building managers and landlords, as well as leasing agents and
tenants.Indiana Municipal Power Agency buys wind power from Iowa
The Indiana Municipal Power Agency said it has agreed to buy up to 50 megawatts a year from Crystal Lake Wind Energy Center
in Hancock County, Iowa.BANKRUPTCIES
BANKRUPTCIES Maintenance One LLC, P.O. Box 797, Carmel, 46082. Chapter 7 liquidation. Assets: $46,930; liabilities: $290,283. True Lite of Indiana Inc., 324 Windsong Lane, Greenwood, 46142. Chapter 7 liquidation. Assets: $2,500; liabilities: $95,842. Design Industries Inc., 51 S. Koweba Lane, 46201. Chapter 11 reorganization. Assets: n/a; liabilities: n/a. Pegrail Inc., 51 S. Koweba Lane, 46201. […]
Ingersoll-Rand donates time, money to IPS 94
Ingersoll-Rand donated $35,000 worth of materials, $15,000 for engineering and labor, and future support to IPS 94.
UPDATE Conseco shares leap after report
Stock in Conseco Inc. shot up 58 percent this morning after the Carmel insurer reported a big third-quarter loss but beat analyst expectations. The shares rocketed to $2.79 each – well below the $9 level where they traded in September but a big improvement over the all-time lows of less than $2 of recent days. […]