Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Shares of Wabash National Corp. fell 10 percent, to $1.10 each, this morning after the company announced late yesterday that its deteriorating financial condition could force it to pursue a sale. The Lafayette-based truck-trailer manufacturer capped a dismal 2008 with an even worse fourth quarter, losing $110.7 million, or $3.69 per share, in the three […]
Old National Bancorp today repurchased all of the $100 million in preferred, non-voting stock it sold to the U.S. Department of Treasury after deciding it did not need federal assistance from the Troubled Asset Relief Program. The Evansville-based bank, which was approved to receive up to $150 million in TARP funds, chose in December to […]
The Indianapolis Convention & Visitors Association said today that it has booked the Chicago-based American Library Association’s 2021 annual midwinter meeting. The group will use every meeting room in the Indiana Convention Center, as well as all meeting rooms in surrounding hotels, ICVA said. The ALA holds its midwinter meeting in January. It is estimated […]
Basketball brought big crowds to downtown Indianapolis over the weekend, with combined attendance at the NCAA Men’s Midwest Regional tournament and the high school boy’s state finals hitting nearly 100,000. The NCAA event at Lucas Oil Stadium drew 69,874 – almost twice the attendance of any of the other regional NCAA events held concurrently in […]
The Indianapolis Convention & Visitors Association said today that it has booked the Chicago-based American Library Association’s 2021 annual midwinter meeting. The group will use every meeting room in the Indiana Convention Center, as well as all meeting rooms in surrounding hotels, ICVA said. The ALA holds its midwinter meeting in January. It is estimated […]
Basketball brought big crowds to downtown Indianapolis over the weekend, with combined attendance at the NCAA Men’s Midwest Regional tournament and the high school boy’s state finals hitting nearly 100,000. The NCAA event at Lucas Oil Stadium drew 69,874 – almost twice the attendance of any of the other regional NCAA events held concurrently in […]
Abigail Kuzma, the longtime executive director of the Neighborhood Christian Legal Clinic, is leaving the Indianapolis not-for-profit to lead the state’s consumer-protection efforts. Indiana Attorney General Greg Zoeller made the announcement this morning, lauding Kuzma as a proven consumer advocate. She’ll begin her new job as section chief of the Consumer Protection Division on April […]
One visitor to this weekend’s Sweet 16 basketball tournament in Indianapolis won’t be as welcome as other guests and, in fact, may be considered a downright intruder. The University of Louisville Cardinals play the University of Arizona Wildcats tomorrow evening at Lucas Oil Stadium in the NCAA men’s basketball tourney. Louisville tourism leaders are taking […]
The Indiana Gaming Commission is investigating whether Indiana Live Casino broke any rules when it promoted appearances by celebrities Justin Timberlake and Jessica Biel, who failed to show up at the Shelbyville casino’s grand opening earlier this month. The no-shows prompted speculation that the celebrity couple never intended to attend the March 13 event that […]
The Indiana Gaming Commission is investigating whether Indiana Live Casino broke any rules when it promoted appearances by celebrities Justin Timberlake and Jessica Biel, who failed to show up at the Shelbyville casino’s grand opening earlier this month. The no-shows prompted speculation that the celebrity couple never intended to attend the March 13 event that […]
Legislation that would stiffen Indiana’s animal-cruelty laws and more closely regulate dog-breeding operations commonly known as puppy mills could produce millions of dollars in new tax revenue from unregistered breeders, according to the author of the bill. House Bill 1468, which has broad support from animal-rights groups, could generate tax income from breeders that work […]
Shortcomings in education stand as the biggest obstacles in building the state’s manufacturing and logistics industries, according to Conexus Indiana. Conexus, an Indianapolis-based not-for-profit that promotes manufacturing and logistics, unveiled its annual Indiana Manufacturing & Logistics Report Card this morning at a downtown breakfast. The event was co-sponsored by Indianapolis Business Journal. The report said […]
Inflation nearly disappeared in January for the first time in 50 years, with only a slight rise in the Consumer Price Index saving the country from deflation. Rising prices are hardly a concern now, as the depressed auto and real estate sectors can attest. But economists fear inflation might pose a threat as early as […]
Inflation nearly disappeared in January for the first time in 50 years, with only a slight rise in the Consumer Price Index saving the country from deflation. Rising prices are hardly a concern now, as the depressed auto and real estate sectors can attest. But economists fear inflation might pose a threat as early as […]
The Indianapolis-based parent of Today’s Bedroom One, The Mattress Gallery and Today’s Kids has been placed in receivership by a Marion County Superior Court judge after failing to meet financial obligations to primary creditor Huntington National Bank. The company, TBO LLC, was founded in 1978 and operates 16 retail locations in central Indiana. The stores […]
The Indianapolis-based parent of Today’s Bedroom One, The Mattress Gallery and Today’s Kids has been placed in receivership by a Marion County Superior Court judge after failing to meet financial obligations to primary creditor Huntington National Bank. The company, TBO LLC, was founded in 1978 and operates 16 retail locations in central Indiana. The stores […]
The trio of attorneys who practice in the local office of Barnes & Thornburg LLP’s life sciences group is a self-deprecating, peculiar bunch. Not only are the three the punch line of an occasional lawyer joke, but they’re also the target of lighthearted ribbing about their scholarly credentials. “We’re the geeky group,” patent attorney Kevin […]
Cameras are set to roll downtown next month when a local production company begins filming its first motion picture. Adrenaline Motion Pictures LLC wrote and financed the independent feature film “Amanda.” Production is expected to begin April 13 and last about four months. Steve Marra, an Indianapolis native who founded the company in 2005, said […]
