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Tech innovator tries entrepreneurship again: iGoDigital software already used by major retailers

March 17, 2008

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…

Students finding robotics irresistible: Competitions promote interest in technology

March 10, 2008

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…

City doles out incentives to Defender Direct:

March 3, 2008

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

March 3, 2008

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

March 3, 2008

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

March 3, 2008

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…

Pacers deal with more bad press

February 28, 2008

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…

Delta Faucet cuts workers in Greensburg

February 28, 2008

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 […]

Community to expand South hospital

February 27, 2008

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 […]

UPDATE: Conseco shares slip after report

February 25, 2008

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 […]

Clarian buys piece of Indiana Heart Hospital

February 25, 2008

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.

Former Thomson exec attempts to revive Proscan TVs: U.S. subsidiary sells South Korean flatscreens

February 25, 2008

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…

Boone County spat could be nearing end

February 20, 2008

An agreement could be near in the long-running dispute between the towns of Whitestown and Fayette in Boone County. County commissioners are considering signing a compromise that would dismiss a lawsuit brought against the county last year by Whitestown and Carmel developer Brenwick Associates LLC, according to the Lebanon Reporter. The suit challenges the incorporation […]

Latest real estate headlines

February 19, 2008

It’s a busy week for real estate news. Here are a few headlines:

Circuit City closes Clay Terrace store
Carmel’s high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit…

Illegal immigrant bill hearing tomorrow

February 12, 2008

A hearing about legislation that would penalize businesses that knowingly hire illegal immigrants begins at 9 a.m. tomorrow before the House Committee on Public Policy in the House chamber at the Statehouse. The bill, authored by Sen. Mike Delph, R-Carmel, has passed the Senate, and makes it a misdemeanor for transporting, shielding from detection, concealing […]

City getting new marathon

February 11, 2008

Organizers for a new Indianapolis marathon and half-marathon think the event will become a national draw, showcasing downtown
monuments and historic neighborhoods. The first Indianapolis Monumental Marathon, to be held Nov. 1, is the brainchild of
Carlton Ray, a former city engineer who worked in the Hudnut, Goldsmith and Peterson administrations.

Adesa buys Pennsylvania car auction

February 8, 2008

Carmel-based auto auction company Adesa Inc. said yesterday it has acquired a used-vehicle auction in York, Penn., for an undisclosed price. Pennsylvania Auto Dealers’ Exchange, one of the nation’s largest and oldest independent auctions, will be renamed Adesa. The 140-acre site north of Washington, D.C., has 11 automated auction lanes and an 8,000-square-foot facility for […]

Financial crisis offers opening for banks’ market-share reshuffling

February 4, 2008

Market observers rank today’s credit crisis on par with some of the ugliest moments in U.S. banking history. News service
Bloomberg predicted fourth-quarter lending losses could make it “the worst earnings period for the financial industry since
the Great Depression.” Yet amid the carnage, financial institutions are sniffing around for opportunities.

Busy year, no whoppers: Deals were numerous in 2007, but lack of blockbuster holds overall price tag down

January 28, 2008

The Indianapolis area didn’t experience a monster-size business transaction in 2007 like it has in recent years, but that doesn’t mean the deal-makers weren’t busy. IBJ’s annual list of Big Deals tracked more large business transactions involving Indianapolis-area companies than ever before in 2007, even though the total dollar amount of the deals was dramatically lower than the previous year’s. Deals compiled by the Indianapolis Business Journal that closed in 2007 totaled $23.4 billion, well below the $38.5 billion posted…

Local builders slash jobs, offices to survive housing slump

January 28, 2008

At the market’s peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home
production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds
of jobs, and look to unload huge chunks of office space.

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8,700 results for 'Carmel'

People

Kurt Beier

Articles

Tech innovator tries entrepreneurship again: iGoDigital software already used by major retailers

Students finding robotics irresistible: Competitions promote interest in technology

City doles out incentives to Defender Direct:

Conseco retains manager appeal: Amid ongoing struggles, insurer landing top talent

Centaur tempted to buy Aztar casino

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

Pacers deal with more bad press

Delta Faucet cuts workers in Greensburg

Community to expand South hospital

UPDATE: Conseco shares slip after report

Clarian buys piece of Indiana Heart Hospital

Former Thomson exec attempts to revive Proscan TVs: U.S. subsidiary sells South Korean flatscreens

Boone County spat could be nearing end

Latest real estate headlines

Illegal immigrant bill hearing tomorrow

City getting new marathon

Adesa buys Pennsylvania car auction

Busy year, no whoppers: Deals were numerous in 2007, but lack of blockbuster holds overall price tag down

Local builders slash jobs, offices to survive housing slump