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Behind the News
Effort to save minority car dealer lands Bill Mays in ditch
June 11, 2011
Greg AndrewsPNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million
loan he received in 2008 that has an unpaid balance of $2 million.
MoreMultiple tenants likely needed to plug Nordstrom hole
June 4, 2011
Greg AndrewsNordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based
chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
MoreIngredients in place for plethora of Hoosier IPOs
May 28, 2011
Greg AndrewsSome Indiana firms are adding management and board firepower—moves likely to help them win over investors should they
move ahead with public offerings.
MoreExactTarget stays patient as riches from IPO await
May 21, 2011
Greg AndrewsCEO Scott Dorsey says remaining private in the short term allows the company to more easily exploit business opportunities
on the horizon.
MoreEli Lilly's slumbering stock finally shows signs of life
May 14, 2011
Greg AndrewsIs it finally time to get some growth again out of a stock that since its debut on the public market 59 years ago has minted
thousands of millionaires?
MoreFirms' faith in stock buybacks not always well-placed
May 7, 2011
Greg AndrewsThe ultimate test of whether buybacks are good deals for shareholders hinges on whether the price paid for the stock proves
over time to have been a bargain or inflated.
MoreShort-time CFO altered course at Marsh Supermarkets
April 30, 2011
Greg AndrewsJohn Elbin forced the ailing grocery chain to confront its problems during his five months with the company.
MoreShares of embattled ITT may not have hit bottom
April 16, 2011
Greg AndrewsSome analysts believe the thrashing ITT investors have taken since the federal government unveiled a tougher regulatory scheme
for for-profit schools a year ago is only the start.
MoreChina making big gains in drug R&D jobs state covets
April 9, 2011
Greg AndrewsThe total annual cost for one researcher at Lilly might run $300,000 to $350,000 a year. The figure at Crown Bioscience is
one-third of that, said a company executive.
MoreCEO says transformation prepped Remy International for IPO
April 2, 2011
Greg AndrewsRemy’s transformation since 2007, when a $700 million debt load propelled it into bankruptcy court, could be fodder
for business-school case studies of the 21st century.
MoreFeds go after Fair Finance CFO, despite murkier motive
March 26, 2011
Greg AndrewsUnlike the other defendants, Fair Finance executive Rick Snow isn’t accused of tapping the company for a bevy of loans,
then failing to repay the money.
MoreRepeated price cuts take glow off Endocyte IPO
February 12, 2011
Greg AndrewsNew investors got in for $6 a share—which is less than the average price paid by prior investors, a regulatory filing
reveals.
MoreStruggling Lilly turns to antidepressant Cymbalta for lift
February 5, 2011
Greg AndrewsCymbalta racked up $3.5 billion in sales last year, and some analysts say it may approach $5 billion before generic competition
arrives in 2013.
MoreFair Finance trustee still searching for deep-pocketed savior
January 29, 2011
Greg AndrewsTrustee Brian Bash and his legal team have yet to publicly implicate anyone who appears to have the cash to substantially
reduce the staggering losses.
MoreAnalyst says spurned Simon still has plenty of potential
January 22, 2011
Greg AndrewsSimon Property Group Inc. used multibillion-dollar buyouts to become the nation’s largest public real estate company.
So should investors be worried its last two acquisition bids have gone bust?
MoreDeveloper who drew friends into Ponzi reaches $1M deal
January 8, 2011
Greg AndrewsSydney "Jack" Williams, founder of Williams Realty Group, recruited dozens of investors, many with Indiana ties,
to invest in a Florida business that turned out to be a giant fraud.
MoreConseco brass agree to settle 8-year-old suit for $41.5M
January 1, 2011
Greg AndrewsThe suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer
Jim Adams of engaging in a “massive and systematic coverup of ... actual debts and losses through complex accounting,
misleading disclosures, and irregular accounting practices.”
MoreNaysayers place big bet HHGregg will stumble
December 18, 2010
Greg AndrewsTraditional analysts are high on the electronics retailer, but short-sellers, those who profit when a stock falls instead
of rises, couldn't disagree more.
MoreSale of 118-year-old bank symptom of tough times
December 11, 2010
Greg AndrewsA sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
MoreIndianapolis banker sees progress, challenges at ailing Integra
December 4, 2010
Greg AndrewsMike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the
nation’s financial institutions.
MoreCelebrity lawyer Roy Black tapped in Durham criminal probe
November 27, 2010
Greg AndrewsTim Durham says he’s ruined financially, but he’s not cutting corners lining up legal firepower to defend himself. Durham
has hired famed criminal defense attorney Roy Black of Miami, lawyers representing the Indianapolis financier in civil litigation
confirmed.
MoreIrwin Financial trustee poised to sue insiders
November 13, 2010
Greg AndrewsCourt papers reveal officers and directors of the holding company for the failed Columbus-based bank will soon be defendants
in a $40 million suit.
MoreFinish Line cash hoard could draw out suitors
November 6, 2010
Greg AndrewsCitigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout
candidates.
MoreDon Marsh, grocery chain he led no closer to making peace
October 30, 2010
Greg AndrewsTime has done nothing to settle a dispute between the former executive and the private equity firm that bought his family's
business. They are gearing up for an October 2011 trial.
MoreFirm that ignored lawsuit now paying a hefty price
October 23, 2010
Greg AndrewsTax-resolution firm JK Harris did not defend itself against a lawsuit and got pummeled as a result. Now, it's brought in an
attorney who's trying to undo the mess.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.