Articles

CIB regrouping, still aiming to close budget hole

The beleaguered Indianapolis Capital Improvement Board has whittled its anticipated 2010 deficit of $47 million to only $5 million. But how it slashed $7 million since the end of the Legislative special session and how it proposes to close the final gap are a mystery.

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Accuride warns of bankruptcy, reports loss

Evansville-based truck parts maker Accuride Corp., one of the state’s largest companies, warned today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure its debt.

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Accuride warns of bankruptcy, reports loss

Evansville-based truck parts maker Accuride Corp., one of the state’s largest companies, warned
today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure
its debt.

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First Merchants posts larger loss on fraud charge

Muncie-based First Merchants Corp. disclosed this week that the bank lost $31.2 million in the
second quarter, including $10.2 million it blamed on fraudulent financial statements provided by a large commercial borrower.

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ISO struck tentative Venzago deal before ouster

The Indianapolis Symphony Orchestra and Music Director Mario Venzago had reached an agreement in principle on a new contract
before the deal recently unraveled, an official with the musicians’ union said this morning.

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Lawmakers cut state tourism office’s budget in half

Destinations throughout Indiana no longer can count on a state marketing campaign to help drive summer crowds. Lawmakers who
passed a budget during the special session at the end of June sliced the state’s annual contribution
to the Indiana Office of Tourism Management in half—from $4.8 million to $2.4 million.

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Grain Dealers Mutual merges with Florida firm

Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.

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Grain Dealers Mutual merges with Florida firm-WEB ONLY

Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning. Financial terms of the transaction were not disclosed. The agreement has been approved by directors of both firms and is awaiting approval from the […]

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