Conseco News

CARMEL, Ind. - For sale: one 25,000-square-foot mansion on a 33.6-acre Carmel estate formerly owned by the founder of insurer Conseco Inc.

Conseco Inc. /quotes/comstock/13*!cno /quotes/nls/cno said Tuesday that it expects net operating income of between 55 cents and 65 cents a share in 2010.

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The Carmel estate built for Conseco Inc. founder Stephen Hilbert had relatively limited appeal when it was on the market for $20 million.

Some notable investors recently disclosed positions in a few names that they feel still hold compelling long-term value.

As we detailed in a previous post , hedge fund Paulson & Co has taken a stake in Conseco .

Conseco Inc. will raise $45 million and free up capital reserves by bringing in a reinsurance company to coinsure a block of life insurance policies, the Carmel-based company announced Friday morning.

Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit agreement, the Carmel-based insurer said Thursday in a filing with the Securities and Exchange Commission.

Conseco, Inc. announced today that it has closed its previously-announced private sale of 16.4 million shares of common stock and warrants to purchase 5.0 million shares of common stock to Paulson & Co.

Picksthatmove.com Alerts include Virgin Mobile USA ; GSC Investment Corp. ; Royal Philips Electronics ; Conseco, Inc.

Conseco, Inc revenues rose 10% and net income was $15.4 million. American Medical Systems Holdings Inc , the supplier of urological medical devices said third quarter sales rose 5% to $123.2 million from $117.5 million a year ago.

Welcome to NewsTalk, where you can weigh in on the news of the day. I'm your host, Norm Heikens, IBJ 's Focus Editor.

Conseco Inc., 11825 N. Pennsylvania St., Carmel, 46032 provides Medicare supplement, cancer, heart/stroke and accident insurance policies as well as annuities and life insurance products through a nationwide network of distributors.

Carmel -- Insurer Conseco said Thursday it eliminated about 30 positions in two of its major offices: Carmel, its headquarters, and Chicago.

Headlines in the local insurance industry have been as ugly as the rest of the economy.

We're still following along today, but one of the sessions that intrigued us yesterday was a presentation by Lloyd Khaner called "Management, Management, Management: The Key to Turnarounds". Since we spend a lot of time paying attention to management-related issues here at footnoted, we listened pretty intently.

Be greedy when others are fearful. In hindsight, anyone who picked up financial stocks back at the March lows now looks like a genius with nerves of steel.

The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE: JPMorgan Chase & Co., up $1.50 at $47.16 The bank reported a $3.59 billion profit but also said it doubled the amount of money set aside for failed home and credit-card loans.

The employees of Conseco, Inc. pledged more than $267,000 to this year's United Way workplace campaign, exceeding goal by 6%. Adding in Conseco's $88,000 company matching contribution, the campaign raised more than $355,000 for United Way organizations in Conseco's major office locations of Indianapolis, Chicago, Philadelphia and Dallas.

Conseco, Inc. announced today that it is commencing a cash tender offer to repurchase any and all of its outstanding 3.50% Convertible Debentures due September 30, 2035 .