Behind the News

After stock zooms up, Internet bank aims higherRestricted Content

October 12, 2013
Greg Andrews
Shares of First Internet Bancorp have more than doubled since December, when founder and CEO David Becker boosted the visibility of the stock by announcing it was shifting from the over-the-counter market to NASDAQ.
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KAR Auction Services riding the wave of auto recoveryRestricted Content

October 5, 2013
Greg Andrews
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
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Angie's List's believers, doomsayers dig in their heelsRestricted Content

September 28, 2013
Greg Andrews

As Angie’s List approaches its second anniversary as a public company, investors remain as split as ever on whether the consumer-review company is wildly overvalued or a revolutionary Internet business still in its infancy.

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Durham backers who exited early now taking financial hitRestricted Content

September 21, 2013
Greg Andrews
A group of elite Indianapolis investors who cashed out before Tim Durham's financial empire collapsed have reached a settlement with a bankruptcy trustee requiring them to give most of their money back.
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Durham's appeal hangs on tossing damaging wiretapsRestricted Content

September 14, 2013
Greg Andrews
Attorneys for Tim Durham and his co-defendants cast their clients’ convictions on a total of 25 felony counts as the result of a string of legal missteps, including bungled jury instructions, and giving investigators the right to conduct wiretaps without first demonstrating that “ordinary investigative techniques failed or were unlikely to succeed.”
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After years of success, Harlan Laboratories caught in debt viseRestricted Content

September 7, 2013
Greg Andrews
The company may violate loan covenants in the next three to six months, and its ability to refinance a $280 million loan that matures in July 2014 is “highly questionable,” Moody’s says.
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Lids tries to regain glory following fashion shiftRestricted Content

August 31, 2013
Greg Andrews
Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
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New front opens in family battle over Mel Simon fortuneRestricted Content

August 3, 2013
Greg Andrews
Bren Simon is pushing hard for a distribution from the estate now, citing as precedent an Indiana Court of Appeals ruling in another case that “as a matter of policy, beneficiaries should not be starved of distributions to which they are undisputably entitled.”
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Under-the-radar utility-locating firm scores nearly $1B saleRestricted Content

July 27, 2013
Greg Andrews
Indianapolis-based United States Infrastructure Corp. just changed hands for the third time in five years—but not because it’s a hot potato nobody wants. Quite the contrary, as the latest sale price—nearly $1 billion—demonstrates.
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Mighty Oxford Financial loses big case with clientRestricted Content

July 20, 2013
Greg Andrews
An arbitrator ordered the Carmel financial-advisory firm to pay $2.2 million to Reid Hospital & Health Services of Richmond. The dispute involved a delay in executing trades in 2011 that the hospital alleged cost it $2.5 million.
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Ingersoll-Rand’s spin-off plan may give boost to areaRestricted Content

July 6, 2013
Greg Andrews
Irish industrial conglomerate Ingersoll-Rand Plc is poised to spin off its security operations late this year into Allegion—which will have its North American headquarters and most of its executive team in Carmel.
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Feud with Hilberts stinging Menard on many levels

June 22, 2013
-Greg Andrews
Throwing the sexual-extortion allegations into the public domain must be a nightmare for Menard, who for decades has doggedly avoided scrutiny of his personal life—even as he built his chain into the nation’s No. 3 home improvement retailer and built his net worth to an estimated $7 billion.
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Finish Line's cash hoard could make it alluring targetRestricted Content

May 25, 2013
Greg Andrews
The Indianapolis-based retailer is debt-free and has amassed $227 million in cash on its balance sheet. That works out to $4.63 per share.
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Spate of banking mergers may be just the beginningRestricted Content

May 18, 2013
Greg Andrews
First 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.
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Ruling keeps church ensnared in life insurance nightmareRestricted Content

May 11, 2013
Greg Andrews
A 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.
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Fair Finance investors still empty-handed as trustee plows on

April 27, 2013
Greg Andrews
Many 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.
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Allegations add ugly chapter to Meadows renaissanceRestricted Content

April 20, 2013
Greg Andrews
The 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.
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HHGregg throws lifeline to employees with underwater optionsRestricted Content

April 13, 2013
Greg Andrews
The 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.
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Lilly pulls back from proposals lowering takeover barriersRestricted Content

April 6, 2013
Greg Andrews
Fortunately, a Lilly takeover looks less likely today than it has in a long time—for both obvious and more subtle reasons.
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Steak n Shake’s value menu isn’t all that looks cheapRestricted Content

March 23, 2013
Greg Andrews
Investors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
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With TV business ‘forever changed,’ HHGregg retoolsRestricted Content

March 16, 2013
Greg Andrews
CEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
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Lawsuit over Simon's bonus may expose board's mindset

March 9, 2013
Greg Andrews
The $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.
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Tangle with Huntington Bank could fell ‘Peanut King’Restricted Content

March 2, 2013
Greg Andrews
The 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.
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Critics of WellPoint choice may not be easily swayedRestricted Content

February 23, 2013
Greg Andrews
It'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.
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Lack of restraint caused Marsh family's downfallRestricted Content

February 9, 2013
Greg Andrews
What’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition grew increasingly precarious.
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  1. I am also a "vet" of several Cirque shows and this one left me flat. It didn't have the amount of acrobatic stunts as the others that I have seen. I am still glad that I went to it and look forward to the next one but I put Varekai as my least favorite.

  2. Looking at the two companies - in spite of their relative size to one another -- Ricker's image is (by all accounts) pretty solid and reputable. Their locations are clean, employees are friendly and the products they offer are reasonably priced. By contrast, BP locations are all over the place and their reputation is poor, especially when you consider this is the same "company" whose disastrous oil spill and their response was nothing short of irresponsible should tell you a lot. The fact you also have people who are experienced in franchising saying their system/strategy is flawed is a good indication that another "spill" has occurred and it's the AM-PM/Ricker's customers/company that are having to deal with it.

  3. Daniel Lilly - Glad to hear about your points and miles. Enjoy Wisconsin and Illinois. You don't care one whit about financial discipline, which is why you will blast the "GOP". Classic liberalism.

  4. Isn't the real reason the terrain? The planners under-estimated the undulating terrain, sink holes, karst features, etc. This portion of the route was flawed from the beginning.

  5. You thought no Indy was bad, how's no fans working out for you? THe IRl No direct competition and still no fans. Hey George Family, spend another billion dollars, that will fix it.

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