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Banking & Finance
First Merchants has sights set on metro area growth
May 19, 2012
Scott OlsonBoone, Hancock counties on the Muncie-based bank's radar.
MoreREED: Conditions for bank mergers thaw following long winter
May 19, 2012
John ReedA few Indiana banks enjoy prices in excess of 150 percent of book.
MoreDan Laikin spurred probe of Tim Durham, filings reveal
May 19, 2012
Greg AndrewsThe FBI had been investigating Tim Durham since March 2009, when his friend Dan Laikin, a Fair Finance board member, offered
up incriminating information on the Indianapolis financier in hopes of securing a lighter sentence for himself in an unrelated
case.
MoreSouth-side medical office building in foreclosure
May 18, 2012
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a
loan originating from 2002 and is seeking to have a court-appointed receiver manage the building's operations.
MoreGreenwood sues bank to collect $917,000 letter of credit
May 18, 2012
J.K. WallThe City of Greenwood says a Minnesota bank owes it more than $900,000 to pay for street and sewer improvements left undone
by the bankrupt developer of a mobile home park along U.S. 31.
MoreIndiana issues call for external audit of tax agency
May 17, 2012
Associated PressIndiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered
$526 million in errors in recent months.
MoreEmmis shares again escape NASDAQ delisting
May 16, 2012
The NASDAQ exchange notified the Indianapolis-based company on Tuesday that its stock avoided delisting after shares traded
above $1 for 10 consecutive trading days. Emmis has been in danger of losing its NASDAQ status for several years.
MoreAngie’s List prices shares at $13 for stock offering
May 16, 2012
Scott OlsonThe Indianapolis-based company said it plans to sell 8.4 million shares, most of them held by current stockholders.
MoreFeds say wiretaps show evidence of financial plot
May 15, 2012
Associated PressA federal judge in Indianapolis refused to throw out wiretap evidence in the $200 million fraud trial of former Indiana businessman
Tim Durham as the government outlined a case largely based on those recordings.
MoreIndiana slips in life sciences funding
May 14, 2012
J.K. WallIndiana has taken “a giant step backward” in the availability of early-stage capital for life sciences companies,
according to the Indiana Health Industry Forum—which also has a few ideas on how to reverse those developments.
MoreJPMorgan Chase takes fire for 'hedge,' $2 billion loss
May 12, 2012
Associated PressMore than three years after the financial industry almost collapsed, the colossal misfire has been cited as proof that big
banks still do not understand the threats posed by their own speculation.
MoreOil refiner Calumet unleashes $150M stock offering
May 12, 2012
Kathleen McLaughlinWith its shares trading up more than 60 percent from the doldrums of last fall, Calumet Specialty Products Partners rolled
out plans to sell another 6 million shares of stock, raising more than $150 million.
MoreNoble Roman's top investor loses Green Mountain chair
May 9, 2012
Bloomberg NewsGreen Mountain Coffee Roasters Inc. has stripped founder Robert P. Stiller of his position as chairman after he sold shares
to meet a margin call at a time when the company’s trading policies prohibited such sales.
MoreAfter years of 'pushing water uphill,' Emmis now nimble
May 5, 2012
Greg AndrewsThe Indianapolis media company is on track to have less than $75 million in debt by this summer—down from $1.6 billion
before it launched the divestiture of its TV stations seven years ago.
MoreGrowth tear swells Simon Property Group
May 5, 2012
Cory SchoutenSimon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest
and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only
real estate company on the list and is now the largest real estate company in the world.
MoreOnce-promising Arcadia Resources closing doors
May 4, 2012
Scott OlsonThe health care company that once promised to create 900 jobs in central Indiana has agreed to cease operations after a major
lender moved to foreclose on the struggling Indianapolis-based business.
MoreAngie’s List files to sell $75 million in stock
May 2, 2012
The offering could include up to $75 million of its common stock, including $10 million to be sold by the company and the
rest by shareholding officers. Most of the funds will be used to finance an ongoing advertising campaign, Angie's List said
in its filing.
MoreLocal real estate developer files for bankruptcy
May 1, 2012
Scott OlsonCornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million
in personal debt he attributed to the prolonged slump in the real estate market.
MoreEmmis gains extension on NASDAQ listing
April 27, 2012
Jeff NewmanEmmis Communications Corp. shares will remain listed on the NASDAQ exchange at least until Aug. 27 under an extension granted
by the well-known stock index.
MoreHundreds losing jobs at local Aurora Bank office
April 25, 2012
Scott OlsonThe bank said it will terminate all 450 employees at its office on the northeast side of Indianapolis as the troubled residential
mortgage servicing provider prepares to sell a large portion of its assets.
MoreMotley Fool puts Angie's List IPO on its 'toxic' list
April 21, 2012
Investor site pans companies whose stock advanced in spite of years of losses.
MoreJudge rejects Durham motion to throw out indictment
April 19, 2012
Greg AndrewsThe ruling by federal Judge Jane Magnus-Stinson is a big setback for Durham and his attorney, John Tompkins, who in court
papers had alleged “outrageous government misconduct.”
MoreReal estate exec’s bankruptcy filing lists $13.3M of debt
April 18, 2012
Scott OlsonPhilo Lange, former managing partner of NAI Olympia Partners, lists nearly $12 million in unsecured claims, almost half of
which is owed to PNC Bank, according to court documents.
MorePreferred-shareholder group sues Emmis over restructuring
April 17, 2012
Anthony SchoettleA group of Emmis Communications Corp. preferred shareholders, unhappy with a company proposal that would strip them of their
right to collect millions of dollars in dividends, filed a lawsuit against the Indianapolis media firm Monday to try to prevent
the move.
MorePoison pills remain as Lilly shareholder vote falls short
April 16, 2012
J.K. WallThe proposal garnered support from the owners of 62 percent of Eli Lilly's outstanding shares. To pass, the proposal needed
approval from the owners of 80 percent of Lilly’s shares.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.