Lauth Group’s collapse offers a lesson in hubris
Since key Lauth Group subsidiaries landed in bankruptcy in May, the company has described its misfortune almost as if it
were an act of God.
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Articles
Lilly’s Effient launch just one of its many challenges
Eli Lilly and Co. has blasted past analysts’ earnings projections for two straight quarters. But if Lilly officials
take that as a sign they can breathe easier, they need only flip through a stack of Wall Street research reports on the company.
Pets, often overlooked in wills, are getting more attention
While most people consider their family members and funeral costs in estate planning, many overlook their babies who happen
to have four legs, a tail, feathers or even scales. A pet trust is a good solution.
Judge to determine whether Lauth’s filing was proper
The largest outside investor in embattled developer Lauth Group Inc. is asking a federal judge to dismiss the company’s bankruptcy
cases.
EnerDel poised to get jolt of stimulus juice
Within weeks, EnerDel expects to receive notification that it’s getting as much as $480 million in financing under a U.S.
Department of Energy program aimed at fostering advanced vehicle manufacturing.
Indiana logs more complaints against collectors as pressure mounts to make debtors pay up
A lot of people owe money these days, and some of the agencies hired to pursue them are resorting to old- school tactics to
collect. Things like calling at all hours, threatening to have debtors jailed or fired, or employing abusive language.
Lauth granted reprieve
A judge has given Lauth Group Inc. a reprieve from an equity investor that is seeking to take control of most of the developer’s
properties.
In recession, commercial brokers struggle to determine property values
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it’s becoming increasingly difficult to determine the value of properties.
Bankrupt firm’s creditors unlikely to rubber-stamp sale
Norwood Promotional Products Inc. suggests it’s positioned to sail through bankruptcy, thanks to a pending-sales agreement. But creditors, owed nearly $300 million, are expected to balk.
Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
White River Capital negotiating new terms for its First Chicago Bancorp merger
In a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it’s postponed its merger with First Chicago Bancorp, and now is negotiating new terms.
Recession slices into golf business; courses roll out promotions
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
Quality-control firm launches after key player folds
Entrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered suddenly.
Gambling habit puts state at risk
The state’s overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
Auto sellers want refuge from industry fallout, but trio of bills have fallen flat at Statehouse
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren’t getting much help from the
Indiana General Assembly.
State’s gambling jackpot may have reached its limit
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.
Indians buck recession, score more sponsor dollars
Despite the bad economy, the Indianapolis Indians’ franchise could make a record amount of money in 2009.
Analysts lower outlooks for Allison, say transmission maker vulnerable to default
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut
expenses if it’s going to weather the recession.
Mays upset with ex-owner of Pathway Productions
Pathway Productions, purveyors of some of the highest-profile documentaries to come out of the Indianapolis area in the last
decade, is on the brink of extinction.
Investment losses leave Conseco searching for $400M in horrible environment to raise capital
Without fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.