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Behind the News
Spate of banking mergers may be just the beginning
May 18, 2013
Greg AndrewsFirst Merchants Corp. CEO Michael Rechin thinks a wave of bank mergers is coming—driven by financial institutions’
quest to increase profits in an environment where super-low interest rates continue to squeeze margins.
MoreRuling keeps church ensnared in life insurance nightmare
May 11, 2013
Greg AndrewsA federal bankruptcy judge has slapped down an Anderson church that attempted to blame its bank for a failed scheme to finance
church upgrades by buying life insurance policies on its elderly members.
MoreFair Finance investors still empty-handed as trustee plows on
April 27, 2013
Greg AndrewsMany of the defendants pursued by Brian Bash and his team have few, if any, assets. And those that do have the wherewithal
to fight litigation for years.
MoreAllegations add ugly chapter to Meadows renaissance
April 20, 2013
Greg AndrewsThe Marion County Prosecutor's Office late last month charged the former executive director of the Meadows Community Foundation
with corrupt business influence and seven counts of theft.
MoreHHGregg throws lifeline to employees with underwater options
April 13, 2013
Greg AndrewsThe company this month filed papers gave option holders the right to exchange their current holdings for new options with
an exercise price set at the current market price.
MoreLilly pulls back from proposals lowering takeover barriers
April 6, 2013
Greg AndrewsFortunately, a Lilly takeover looks less likely today than it has in a long time—for both obvious and more subtle reasons.
MoreSteak n Shake’s value menu isn’t all that looks cheap
March 23, 2013
Greg AndrewsInvestors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
MoreWith TV business ‘forever changed,’ HHGregg retools
March 16, 2013
Greg AndrewsCEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
MoreLawsuit over Simon's bonus may expose board's mindset
March 9, 2013
Greg AndrewsThe $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned
a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
MoreTangle with Huntington Bank could fell ‘Peanut King’
March 2, 2013
Greg AndrewsThe company, which roasts nuts and sells concession equipment, filed for bankruptcy to stave off Huntington National Bank,
which had filed to foreclose on its real estate.
MoreCritics of WellPoint choice may not be easily swayed
February 23, 2013
Greg AndrewsIt's way too early to declare the board dysfunctional for making a surprise choice—Joe Swedish, CEO of Michigan-based
hospital system Trinity Health—for the company’s new CEO.
MoreLack of restraint caused Marsh family's downfall
February 9, 2013
Greg AndrewsWhat’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition
grew increasingly precarious.
MoreReal estate developers' exhilaration turns to pain in bankruptcy
January 26, 2013
Greg AndrewsMany Indianapolis developers know the feeling. In good times, few industries generate an adrenalin rush like real estate development.
But it’s a highly leveraged business built upon certain assumptions that proved flimsy when the financial crisis hit.
MoreHHGregg ratchets back, but analysts still uneasy
January 19, 2013
Greg AndrewsHHGregg now has 228 stores in 20 states. So it has grown a great deal. But the “exceptional store economics” it
used to promote are gone, thanks largely to a breathtaking collapse in sales of flat-screen televisions.
MoreEmmis' well-paid CEO signs on for 3 more years
January 12, 2013
Greg AndrewsCEO Jeff Smulyan's supporters praise him for repositioning Emmis during a harrowing stretch for the media industry. Detractors
complain about his hefty compensation.
MoreMichael Browning was key player in N.C. corporate drama
December 22, 2012
Greg AndrewsIndianapolis real estate developer Michael Browning was one of two Duke Energy board members who led the surprise ouster of
the company's CEO.
MoreInvestors let down guard, opening door to Durham fraud
December 8, 2012
Greg AndrewsShouldn’t the 5,100 Ohio investors who lost more than $200 million when Fair collapsed have seen Fair’s lofty
interest rates as a red flag?
MoreAs Simon soars, two big mall anchors retrench
December 1, 2012
Greg AndrewsAre Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears
and JCPenney?
MorePliant Ohio regulators helped clear path for Durham's fraud
November 24, 2012
Greg AndrewsThe Ohio Division of Securities allowed Fair Finance to register investment certificates even after the company stopped providing
audited financials and Tim Durham drained more than $100 million from the firm through insider loans.
MorePlenty of turbulence ahead, despite Republic's progress
November 17, 2012
Greg AndrewsAnalysts are impressed by Bedford’s cost-cutting achievements at Republic’s scheduled-service carrier, Frontier
Airlines, and his early progress in restructuring its Chautauqua unit, which flies small regional jets on contract for branded
carriers.
MoreSimon spared no expense with Manhattan residence
November 10, 2012
Greg AndrewsThe $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate
website Curbed NY.
MoreRapid rise of ExactTarget uplifting for young techies
October 27, 2012
Greg AndrewsIn just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company
with a market value of $1.5 billion.
MoreState going after underwriter of $5M Estridge offering
October 20, 2012
Greg AndrewsThe regulatory action is an outgrowth of a falling-out between Indiana Securities owner Frank Neese and Bank of Indiana, which
lost its entire $1 million investment when The Estridge Cos. collapsed.
MoreSun King brewing another round of growth
September 22, 2012
Greg AndrewsAfter just three years in business, Sun King finds itself the second-largest brewer in Indiana, behind only Three Floyds Brewing
Co. in Munster, which produces about 23,000 barrels and also is growing quickly.
MoreAllison Transmission struggling to rev up investors
September 15, 2012
Greg AndrewsAfter the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing
a bargain.
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Many serial killer types and psychopaths work as lowly bureaucrats, just waiting to impose their wrath on a powerless person, child, or pet. Don't forget, the BTK killer was a dog catcher.
If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.