Peter Schnitzler

Growing up in Broad Ripple, Ted Miller was one of the “kids on the bridge,” who hung out where Guilford Avenue passes over the Central Canal. Miller was a Broad Ripple bartender during college, then left for a decade spent working in brewpubs in Seattle, Hong Kong, the Caribbean and Taiwan. But when he decided […]

First the good news about Indiana’s insolvent Unemployment Insurance Trust Fund: As part of its $787 billion stimulus, the federal government has just agreed to stop charging interest on its loans to pay benefits to the jobless. President Obama’s package allows Indiana to continue zero-percent borrowing for unemployment insurance through 2010, a provision that will […]

Pittsburgh-based PNC Financial Services Group Inc., which acquired Cleveland-based National City Corp. on Dec. 31 for $5.6 billion, has committed to be the presenting sponsor of the Children’s Museum of Indianapolis’ Haunted House for the next decade. Financial terms of the sponsorship were not disclosed. As part of the bank merger, PNC publicly pledged to […]

Pittsburgh-based PNC Financial Services Group Inc., which acquired Cleveland-based National City Corp. on Dec. 31 for $5.6 billion, has committed to be the presenting sponsor of the Children’s Museum of Indianapolis’ Haunted House for the next decade. Financial terms of the sponsorship were not disclosed. As part of the bank merger, PNC publicly pledged to […]

Financially strapped Dow Chemical Co. acknowledges it may sell Indianapolis-based Dow AgroSciences LLC, the ag-chemicals-and-biotech firm that’s one of the biggest jewels in the city’s life sciences crown. Dow Chemical CEO Andrew Liveris said on a Feb. 3 conference call with analysts that the Midland, Mich.-based company has teams working with investment banks to evaluate […]

Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]

There’s so much red ink on the Indianapolis Capital Improvement Board’s books that accounting firm BKD LLP is evaluating whether it can continue as a “going concern.” That’s the bean counters’ term for making a professional judgment about CIB’s ability to keep operating, or if instead it must go out of business and liquidate its […]

Indianapolis businessman Steve Hilbert fears foul play in the recent death of his mother-in-law-a suspicion fueled by a new federal lawsuit alleging a woman by the same name was caught up in a $15-million life insurance fraud scheme. Though he acknowledges having no hard evidence, Hilbert said he has asked law enforcement authorities to reopen […]

Not so long ago, most Indiana public companies were firmly in control of their destinies. Now after seeing their stock prices plunge, many would be little more than sitting ducks were outsiders to launch takeover bids. If anybody’s still got the money and chutzpah to buy, that is. “The year will be dominated by buyers with […]

A Carmel startup that hopes to research drug components here and make them in China has just raised $12 million in venture capital-despite the recession and a deep freeze in financial markets. The founder of 2-year-old Waterstone Pharmaceuticals Inc. is Chinese native Faming Zhang, 44, a former Eli Lilly and Co. executive and Indiana University […]

Indiana Secretary of Commerce Nate Feltman is joining Baker & Daniels after he leaves his state post at the end of the year. The law firm yesterday announced that Feltman will become a partner Jan. 12 in the firm’s business and corporate finance practice. Feltman, 38, will help lead Baker & Daniels’ economic development, government […]

Regulators in Florida are threatening to suspend or revoke Conseco Life Insurance Co.’s license to do business in the state over allegations the company underfunded its policies. The Florida Office of Insurance Regulation alleged this week that Conseco Life misled Florida consumers and withheld vital information from regulators. “Florida consumers deserve to know that the […]