Articles

Allison Transmission files for $750M IPO

Allison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.

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Foundation defends risky, stock-heavy strategy

The Health Foundation of Greater Indianapolis is an aggressive supporter of charities that serve people with HIV and AIDS, but that aggression—in the form of a risky investment strategy and big payouts—almost led to its demise.

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Economist: U.S. recovery ‘turning a corner’

Manufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.

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$8 million estate to benefit 13 local groups

Local attorney Lawrence Reuben has chosen two fledgling organizations—the Immigrant Welcome Center and Grameen Bank of Indiana—for the largest of $8 million in gifts from his mother’s estate.

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