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Banking & Finance
Donald Fair leads off government's case against financier Durham
June 11, 2012
Cory SchoutenThe man whose father founded Ohio-based Fair Finance during the Great Depression led off the government's case on Monday
against the Indianapolis men accused of looting the company and leaving its investors with $200 million in losses.
MoreSimon Property's revolving loan signals overseas deals
June 11, 2012
Bloomberg NewsSimon Property Group Inc., the world’s largest real estate investment trust, has increased its firepower for potential
global expansion with a $2 billion revolving line of credit in six currencies.
MoreJudge, attorneys in Durham trial look for jurors untainted by media reports
June 8, 2012
Cory SchoutenA federal judge and a handful of attorneys are selecting jurors who could determine the fate of indicted financier Tim Durham
and his co-defendants. The jury-selection process, which began Friday morning, launched what's expected to be a three-week
trial over alleged wire and securities fraud.
MoreJohnson County flood victims still reeling 4 years later
June 7, 2012
Associated PressThe devastating 2008 flood continues to have repercussions for victims. They are still paying off the tens of thousands of
dollars they had to borrow in some cases to hang new drywall, lay down new carpeting and replace major appliances.
MoreMainSource Bank snags prime former Borders space
June 6, 2012
Cory SchoutenMainSource Bank plans to open its first Indianapolis branch in part of the former home of Borders at the southeast corner
of Meridian and Washington streets downtown.
MoreIndiana hires Deloitte to assess $500M in mistakes
June 4, 2012
Associated PressIndiana's state budget leaders picked international accounting firm Deloitte on Monday to determine the scope of an external
audit looking at how the state lost track of more than $500 million in tax revenues.
MoreDead fugitive from central Indiana defrauded hundreds
June 4, 2012
Associated PressOregon authorities say 62-year-old Phillip Ferguson died last week from a gunshot wound to the head soon after fleeing from
two officers and an FBI agent. Ferguson vanished in 2000 after being accused of bilking more than 600 investors out of $30
million.
MoreBank seeks to foreclose on local apartment complex
June 4, 2012
The owners of Arbor Green Apartments on the city's northeast side owe nearly $15.9 million on a 2008 loan, according to court
documents.
MoreIndiana panel moves toward audit of $500M in mistakes
June 4, 2012
Associated PressIndiana's state budget leaders on Monday are expected to take another step toward finding what caused more than $500 million
in tax-revenue accounting errors, but a final answer is still a long way off.
MoreDurham lawyer wants lifestyle out of trial
June 2, 2012
Greg AndrewsTim Durham’s attorney is hellbent on preventing prosecutors from fixating on the things that made the Indianapolis financier
a staple of TV news and gossip columns—his fancy cars, waterfront mansion and other trappings of a lavish lifestyle.
Durham's trial is set to begin on Friday.
MorePNC economists think local recovery will take hold
June 2, 2012
Second-quarter forecast for Indianapolis is positive in spite of Lilly, small business concerns.
MoreSPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
June 2, 2012
Greg AndrewsIBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation
rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted.
If a company's stock price surges, executives can make out far better. (with searchable
database)
MoreU.S. stock market plunges after dismal jobs report
June 1, 2012
Associated PressA dismal U.S. jobs report and other evidence of a global economic slowdown clobbered U.S. stocks Friday.
MoreE&A buttered by $125M sale of Udi's to Smart Balance
June 1, 2012
Chris O'MalleyIndianapolis investment firm E&A Industries is cashing out of its majority stake in Udi’s Healthy Foods LLC by selling
the Denver-based food company to margarine maker Smart Balance Inc. for $125 million.
MoreReally Cool Foods plant on auction block
June 1, 2012
Scott OlsonReally Cool Foods closed the 78,000-square-foot facility in November and is searching for a buyer to help repay creditors.
One potential suitor is Sugar Creek Packing Co. of Ohio, which has offered $13 million, according to a bankruptcy filing.
MoreSimon Property reaches $2 billion credit arrangement
June 1, 2012
Associated PressIndianapolis-based Simon Property Group Inc., the country's largest shopping mall operator, has a new $2 billion unsecured
revolving line of credit.
MoreFishers building owner seeks bankruptcy reorganization
May 30, 2012
Lantern Partners LLC owns the Freedom Mortgage Building once occupied by the failed Irwin Mortgage Corp. Lantern's largest
creditor is owed nearly $11.4 million.
MoreIndiana official warns against new investment tool
May 30, 2012
Associated PressIndiana's secretary of state is urging investors to thoroughly vet new online investment operations coming under a new
federal law.
MoreNot-for-profit hoping to grow microloan program
May 26, 2012
Scott OlsonSmall amounts of funding often ignored by larger banks.
MoreLawsuit takes on debt-modification firm
May 26, 2012
Chris O'MalleyA lawsuit filed in Georgia against an Indianapolis firm that helps consumers settle debt is just one in a parade of complaints
targeting the industry.
MoreIndiana struggling to distribute foreclosure aid funds
May 26, 2012
The $182 million awarded to the state by the federal government was based on the unemployment rate, which is falling.
MoreBKD selects Dickman as managing partner
May 26, 2012
The head of the national accounting firm's Indianapolis office will lead the entire company effective June 1.
MorePacers owner teams with Smulyan to buy Emmis stock
May 21, 2012
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications
Corp. at no more than $2 apiece.
MoreAt 92, Danielson's banking career is still going
May 19, 2012
Sam StallCity Securities co-chairman still dispenses wisdom accumulated over a career touching on everything from baseball to folding
doors.
MoreFirst Merchants has sights set on metro area growth
May 19, 2012
Scott OlsonBoone, Hancock counties on the Muncie-based bank's radar.
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We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."
My oldest daughter graduated from IU with a Secondary Education degree. She graduated with honors and spent 3 years trying to find a teaching job in Indiana. Many of her fellow education degree graduates still don't have teaching jobs. As schools downsize and cut budgets, less teaching jobs are available. I'm not sure I see why we feel the need to bring more teachers to Indiana.