Behind the News

HHGregg ready to dust off, ramp up Fine Lines concept

July 19, 2014
Greg Andrews
HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.
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Combatants in grocery feud are finally making peace

July 12, 2014
Greg Andrews
Attorneys for the Marsh Supermarkets and Don Marsh have quietly reached a settlement on the final issue: how much each side owes the other for legal fees on claims on which they prevailed. Each had argued since last fall the other owed $1.7 million.
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Durham victims wait and wait, as quest for cash continues

July 5, 2014
Greg Andrews
The bankruptcy trustee who has been trying to scrape together money for victims of Indianapolis financier Tim Durham’s Ponzi scheme just struck two lawsuit settlements that underscore the daunting obstacles he faces.
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Fledgling local organization crusading for innovationRestricted Content

June 21, 2014
Greg Andrews
Jerry McColgin saw firsthand the power of innovation during his 15 years at Whirlpool Corp., starting on the factory floor and working up to lead an Evansville-based team of 35 people scattered across 17 countries.
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Lender to bankrupt country club puts on suitor’s cap

June 7, 2014
Greg Andrews
The lender for the Hawthorns Golf & Country Club is an affiliate of California-based Concert Golf Partners, which hopes to convert its debt into ownership of the Fishers club.
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Interactive's stock drop shows vagaries of Wall Street

May 24, 2014
Greg Andrews
The greater success Interactive Intelligence enjoys transitioning customers to the cloud, the greater the drag on short-term results.
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Battery Ventures reaping rewards from big bet on IndyRestricted Content

May 10, 2014
Greg Andrews
The tech VC firm recently invested $7 million in Smarter Remarketer. It previously bet on Made2Manage Systems, Angie's List and ExactTarget.
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Yes, the NCAA is a powerhouse, but it’s vulnerable

May 3, 2014
Greg Andrews
If the NCAA were a public company, investors would be fretting about the risks—most notably the thicket of litigation that could upend the definition of amateurism and pave the way for athletes to get paid.
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Bank merger that looked conflict-free goes off the railsRestricted Content

April 5, 2014
Greg Andrews
Carmel-based Merchants Bancorp announced in May 2013 that it would merge into Mooresville-based CITBA Financial Corp.—a deal initially so warmly received by CITBA shareholders that the company’s stock shot up 87 percent.
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CEO of Simon spinoff to run company from D.C. perch

March 29, 2014
Greg Andrews
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
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Washington Square’s woes leave it at bottom of heapRestricted Content

March 15, 2014
Greg Andrews
The east-side mall's occupancy has fallen to 43.8 percent, down from was 86.6 percent in 2011 and 77.2 percent in 2012.
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Can oil refiner Calumet keep dividend gushing?Restricted Content

March 1, 2014
Greg Andrews
The decline in the stock price has pushed the dividend yield ever-higher, with Calumet now boasting the 18th-largest yield among the more than 3,000 companies that trade on NASDAQ.
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Symbol of Durham’s opulence heading for a sheriff’s saleRestricted Content

February 15, 2014
Greg Andrews
Tim Durham's 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.
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Mall giant Simon beating back perceptions of Internet threatRestricted Content

February 8, 2014
-Greg Andrews
Brick-and-mortar retailers experienced a rough holiday season, and the doldrums continued through January—fueling hand-wringing among investors and other observers over whether the Internet has permanently diminished the American shopping mall.
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Pain mounts for Telamon after reporting $5M theft

February 1, 2014
Greg Andrews
The Carmel company complains that its  insurers “denied all coverage for the theft-fraud loss under both policies on the grounds that the individual leased to Telamon was an ‘employee’ of Telamon, and simultaneously was not an ‘employee’ of Telamon.”
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Biglari's Steak n Shake licensing deal stirs up criticsRestricted Content

January 25, 2014
Greg Andrews
Under the 20-year deal, Sardar Biglari won’t receive royalties if he remains atop the company. But if he were forced out of for anything but malfeasance, or if it were sold, he’d receive 2.5 percent of sales for five years—a sum that could surpass $100 million.
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New grocer's arrival adds to questions about MarshRestricted Content

January 18, 2014
Greg Andrews
Because Pittsburgh-based Giant Eagle wants to enter the Indianapolis market, you'd think it would initiate discussions to buy Marsh Supermarkets, which has been hanging a for-sale banner for years. But a Giant Eagle spokesman said there have been no discussions.
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Cash-strapped Fair Finance CFO agrees to $50M settlementRestricted Content

January 11, 2014
Greg Andrews
An attorney for Rick Snow says the executive agreed to the deal because he lacked the money to fight the suit, not because he actually has the money.
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Can Simon’s mall spinoff become a growth company?

January 4, 2014
Greg Andrews
There’s not a lot of sizzle among the 54 strip shopping centers and 44 enclosed malls that Simon Property Group Inc. plans to spin off into a new public company early next year.
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Interactive Intelligence’s early bet on cloud paying off

December 14, 2013
Greg Andrews
The maker of call center software has seen its stock price rocket from about $20 to $62 over the last 25 months. The runup has swelled the company’s market value from $400 million to $1.3 billion.
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Prosecutors concede no ground in Tim Durham’s appeal

December 7, 2013
Greg Andrews
In a new brief, the government insists it pursued wiretaps in late 2009 only after investigating the business using less-invasive techniques for 7-1/2 months.
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Still nothing for investors, as Fair Finance legal fees balloon

November 23, 2013
Greg Andrews
The Cleveland law firm representing the bankruptcy Trustee Brian Bash is seeking approval for more than $11 million in fees.
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Sale may extricate Harlan Labs from its debt problems

November 2, 2013
Greg Andrews
San Francisco-based Genstar Capital is exploring selling the 2,600-employee company in the wake of failing early this year to renegotiate the company’s massive debt load.
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Foreclosure suit tests HDG Mansur on a new frontRestricted Content

October 26, 2013
Greg Andrews
HGCC Lender LLC this month filed a $4.8 million foreclosure suit and asked a court to appoint a receiver for Hamilton Proper's 279-acre Hawthorns Golf & Country Club.
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Simon’s 20-year run has made investors a bundle

October 19, 2013
Greg Andrews
Simon Property Group now is the largest real estate company in the world and has a stock market value of $59 billion. That’s $6 billion more than Eli Lilly and Co., not that Simon's hypercompetitive CEO, David Simon, has noticed.
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