‘Epic’ losses hit hospitals Investment portfolios have shed millions, putting expansions on hold until recovery Financial reports trickling in from Indianapolis’ major hospitals show why the city’s health care building boom ground to a near halt this year. It ran into a wall of investment losses. A case in point: Indianapolisbased Clarian Health suffered a […]
An activist shareholder vying to become a director of Conseco Inc. says the insurance company’s board "completely misjudged"
the risks it faced when it emerged from bankruptcy in 2003 and hasn’t recovered since. Now an independent shareholder advisory firm is siding with him.
Normal 0 false false false MicrosoftInternetExplorer4 Normal 0 false false false MicrosoftInternetExplorer4 Normal 0 false false false MicrosoftInternetExplorer4 Conseco Inc. this morning reported a lower-than-expected profit of $24.5 million, or 13 cents per share, in the first quarter. That compares with a loss of $7.2 million, or 4 cents per share, in the same period […]
Columbus-based Irwin Financial Corp. said today it lost $94 million, or $3.07 per share, in the first quarter due to costs related to the company’s restructuring. The deficit compares with a loss of $22 million, or 77 cents per share, in the same period a year ago, but is less than the $104 million it […]
Shares of Conseco Inc. rose as much as 30 percent this morning after the company reported its first quarterly profit in three years. The Carmel-based owner of life and health insurance companies turned a profit of $24.5 million, or 13 cents per share, in the three months ended March 31. In the same quarter a […]
Normal 0 false false false MicrosoftInternetExplorer4 Conseco Inc. shareholders have expressed their dissatisfaction with the company’s recent performance by electing a dissident shareholder to the board of directors. Keith Long, a vocal critic of the company’s board, won a majority of votes cast, according to preliminary results announced this morning at Conseco’s annual meeting […]
Conseco Inc. shareholders have expressed their dissatisfaction with the company’s recent performance by electing a dissident shareholder to the board of directors. Keith Long, a vocal critic of the company’s board, won a majority of votes cast, according to preliminary results announced this morning at Conseco’s annual meeting in Carmel. Exact vote totals were not […]
A story in Friday’s IBJ Daily quoted Mike Renninger, principal of Carmel-based consultancy Renninger & Associates, as saying he doesn’t foresee any bank acquisitions this year resulting from the stress tests. What it should have said is that larger, regional banks in Indianapolis likely won’t be a target.
Firehouse Subs said yesterday it plans to open its first store in the Indianapolis area this summer, with as many as 27 more to follow within the next seven years. But a local retail real estate broker who once owned several franchise restaurants thinks an already saturated sub-sandwich market will make it difficult for the […]
Couple of pizza-related nuggets:
A new pizza restaurant called ZA is planned for the former Slinky women’s clothing store near 62nd Street and College Avenue in Broad Ripple. Plans call for the restaurant…
Carmel Community Players, a volunteer theater founded in 1993, has announced an ambitious season of all Pulitzer-Prize-winning
shows — even though a chunk of its funding was shot down by the Carmel Support the Arts Fund and its
performance…
These days, many of the nation’s biggest banks need bailouts to avoid bankruptcy. But plenty of institutions far from the limelight of New York and other banking centers continue to make money and manage their affairs well. Which Indiana-based bank does it best? Merchants Bank of Indiana, whose main office is in Carmel, books better […]
Clarian Health and the Indiana University School of Medicine want to turn 1,500 or more doctors into employees under a new group called the Indiana Clinic. Bringing so many physicians together from all specialties could allow them to improve quality, reduce costs and perhaps boost Clarian’s central Indiana market share. It also is likely to […]
The biggest remnant of the former Thomson consumer electronics operation in Carmel is cashing in on the digital TV transition
with a higher-tech version of the rabbit ears.
The electronics accessories unit of Audiovox Corp. in Carmel is gaining from the rise in antenna sales ahead of the June 12
switch to all-digital TV broadcasting.
Old National’s purchase of 65 Charter One branches deepens its foothold in Indy.
Merchants Bank of Indiana, whose main office is in Carmel, books better numbers than any other Hoosier bank.
Clarian Health and the Indiana University School of Medicine want to turn 1,500 or more doctors into employees under a new nonprofit group called the Indiana Clinic.
Precise Path Robotics, ExactTarget and Scale Computing were among the big winners Saturday night at TechPoint’s Mira Awards, which honor the state’s top-performing companies, schools and individuals in technology-related pursuits. The annual awards were presented by the statewide business-development group at the Westin Hotel in downtown Indianapolis. Carmel-based Precise Path, the brainchild of local tech […]
The candidate who nearly upset longtime Indiana Congressman Dan Burton in last year’s Republican primary is running against him again. John McGoff announced his candidacy today, becoming the third prominent Republican to launch a campaign to defeat Burton for the 5th Congressional District seat. McGoff is an Indianapolis physician and former Marion County coroner. Burton […]
