ITT fights to stem tumbling enrollment
A federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which is trying to reverse a precipitous decline in enrollment.
Carmel
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Carmel insurer looks within to find new CEO
Indiana Farmers Mutual picks executive vice president and legal counsel to replace long-time leader Daniel Stone.
Carmel puts 7-acre parcel up for grabs
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
Baldwin move a win for Lauth, a setback for downtown
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
Baldwin to move HQ to Carmel, add 133 jobs
Trucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
Carmel tech firm plans to expand, add 36 jobs
Cloud computing firm Polleo Systems Inc. said it will add the jobs by 2016 as part of a $2.5 million expansion of its Carmel City Center headquarters
Shuttle to Hamilton County job sites is tweaked
A reverse-commute shuttle that helps Indianapolis residents get to jobs in Carmel and Fishers is being expanded.
New restaurants: Upland in Carmel, Lincoln Square downtown
Old Carolina Barbecue also announces expansion to Indianapolis market.
New ChaCha unit to pair celebrities, advertisers
The ever-evolving information/answers service ChaCha Search has launched a startup within the 7-year-old company. Social Reactor will match advertisers with participating celebrities and other “social influencers,” who will use social media tools such as Twitter to drive fans to advertisers. Verge founder Matt Hunckler was tapped to get it rolling.
Analysts: ITT’s woes are likely to worsen
Investors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
CNO’s Bonach has insurance firm back on offense
CNO Financial Group’s stock price has nearly doubled since Ed Bonach took the helm in October 2011. Some analysts that follow the successor to Conseco Inc., which a decade ago was the nation’s third-largest Chapter 11 bankruptcy reorganization, now regard CNO as an attractive value play.
Stock buyback continues at CNO
The Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
Hamilton County airport closer to extending its runway
Federal, state grants will fund study of project intended to serve growing corporate clientele.
Pedcor to start second phase of Carmel’s City Center
The Nash, a three-story, $10 million mixed-use building, is to be built just south of City Center on the west side of Rangeline Road.
Data center N/Frame spending more on Carmel upgrade
The company that hosts outsourced computer operations is dramatically boosting its investment in its local operation.
Carmel council approves refinancing package
Carmel’s City Council on Monday night voted 7-0 to approve a proposal to refinance $195 million in debt incurred by the Carmel Redevelopment Commission.
Carmel project dogged by conflict questions
An executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project was driven by conflicts of interest.
LOU’S VIEWS: Michael Feinstein shines in book on the brothers Gershwin
For me, the highlights of any Michael Feinstein concert come in between the numbers, when the cabaret and concert star—and artistic director of the Center for the Performing Arts—shares anecdotes and insight about the composer and lyricists who crafted the tunes. His storytelling style translates nicely to the printed page.
INSIDE DISH: Carmel eatery unafraid to break a few eggs, rules
Restaurateur Larry Hanes stuck to his guns in creating Eggshell Bistro, bending conventions with eclectic decor, artisanal coffees, and a simple menu with restrained portions.
DINING: Now it’s Matt’s time
First in a month-long series of possessive restaurant reviews. This week: Matt The Miller’s Tavern