By MARCY GORDON WASHINGTON The chief executive of Goldman Sachs Group Inc. on Tuesday called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private equity funds. Lloyd Blankfein, who received compensation valued at nearly $43 million last year, said lessons from the financial crisis include […]
The federal government said last night it will bump up a rate used to figure Medicare Advantage reimbursement to insurers by nearly 1 percent, but many analysts expect overall payment rates to fall next year. The Centers for Medicare & Medicaid Services said the national average growth percentage per capita for Medicare Advantage plans would […]
Purdue University plans to boost its student scholarship program with a $6 million donation. Purdue officials said today that that donation was the school’s largest-ever cash gift for scholarships. The school says the donor wants to remain anonymous. An additional $2 million from the donor will go toward other university projects. The scholarship donation will […]
Indiana state tax collections were down $157 million in March, with total revenues $755 million less for the first nine months of the fiscal year than lawmakers had approved for spending. Revenues have fallen short of original projections in eight of the nine months so far in this fiscal year. They were $4.1 million ahead […]
Wall Street will be watching when the federal government unveils final Medicare Advantage rates for 2010 after markets close today. So will health care insurers, including Indianapolis-based WellPoint Inc. Two months ago, several insurance stocks sank sharply after the release of preliminary data showed rate increases to be smaller than analysts expected. Medicare Advantage allows […]
Wall Street will be watching when the federal government unveils final Medicare Advantage rates for 2010 after markets close today. So will health care insurers, including Indianapolis-based WellPoint Inc. Two months ago, several insurance stocks sank sharply after the release of preliminary data showed rate increases to be smaller than analysts expected. Medicare Advantage allows […]
Evansville officials have a downtown site in mind for a new 11,000-seat arena that they hope to start building this summer. Some business owners located in the two-block area, however, are clear that they want to stay. Much of the property is owned by the O’Daniel family, which operates D-Patrick Ford on the site. The […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
One older worker told lawmakers he struggled to find a job because he has more experience than employers want. Another said he was encouraged after a phone interview, but he didn’t get the job after the employer changed his mind once they met in person. Other seniors said they were the first to be let […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 An Indiana Senate committee has advanced a bill to regulate large-scale dog-breeding operations in the state, but some want stricter requirements on breeders. The Senate civil matters committee changed a House-passed bill yesterday to eliminate specific proposed standards for dogs in breeding facilities, such as sanitary […]
0330dvs_auto_bailout 0329dv_gm_ceo_resigns President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. He raised the possibility Monday of controlled bankruptcy for one or both of the beleaguered auto giants. At the same time, eager to reassure consumers, […]
Indianapolis community leaders plan to mark the 41st anniversary of the Rev. Martin Luther King Jr.’s assassination by starting a $3 million fund-raising drive to expand the city’s memorial to the civil rights leader. Martin Luther King Jr. Park is the spot where Robert Kennedy delivered the news of King’s assassination to a large crowd […]
Indianapolis-based Eli Lilly and Co.’s experimental drug for schizophrenia did not prove in its latest test that it works better than existing medication, the company announced today. The drug showed promise in an early study two years ago, but Lilly said the drug performed inconclusively in a Phase II clinical trial. The drug maker said […]
State lawmakers are looking for ways to bail out the financially struggling group that runs professional sports stadiums in Indianapolis. The Indianapolis Capital Improvement Board is facing a $35 million deficit in its operation of Lucas Oil Stadium, Conseco Fieldhouse, Victory Field and the Indiana Convention Center. The board is already $20 million short this […]
A 22-year-old homeless man is being held tonight after prosecutors said he set a fire that gutted a $28 million six-story apartment complex under construction in downtown Indianapolis earlier this month. Brandon L. Burns faces preliminary felony charges of arson and intimidation in the March 12 blaze, Marion County Prosecutor Carl Brizzi said at a […]
The Democratic-led Indiana House has approved legislation that would prevent the Republican state schools superintendent from changing the statewide snow day policy. Superintendent of Public Instruction Tony Bennett wants school districts to make up a day of school for each day they miss starting next year, ending a practice that allowed exceptions. Bennett said half-days […]
The economy shrank at a 6.3-percent pace at the end of 2008, the worst showing in a quarter-century, and it probably isn’t doing much better now. The U.S. Commerce Department today reported that the gross domestic product shrank a bit faster than the 6.2-percent annualized drop estimated a month ago for the October-December quarter. GDP […]
Lilly Endowment Inc. will give $20 million to an affiliate of the Community Foundation of Greater Fort Wayne to develop workforce-training initiatives, the Indianapolis-based endowment announced today. The aim of the program, dubbed Talent Opportunity Success, is to better prepare northeast Indiana’s workforce for job opportunities in the areas of science, technology, engineering and mathematics. […]
Indianapolis-based shopping center operator Simon Property Group Inc. today said it has closed the equity and debt offerings it announced last week, netting $1.2 billion. In total, the company sold 17.25 million shares of its common stock at $31.50 per share. Its operating partnership completed its offering of $650 million in 10.35-percent senior unsecured notes […]
