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Behind the News
OneAmerica dodged crisis, now reaps rewards
October 9, 2010
Greg AndrewsThe Indianapolis-based life insurer's investment portfolio held up through the recession, and the company reported record
revenue and profit in 2009.
MoreSoldiering on, Emmis' Smulyan mulls station sales to cut debt
September 25, 2010
Greg AndrewsThe CEO thinks Emmis could cast off some big-market stations, raising ample cash to pay off the company’s bank debt
before it comes due in November 2013.
MoreChurch with rich history sues to shed 'historic' label
September 18, 2010
Greg AndrewsThe designation scotched a deal with CVS that would have funded construction of a new church at another location.
MoreAs Sardar Biglari stirs controversy, Steak n Shake hums along
September 11, 2010
Greg AndrewsSardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
MoreFair Finance co-owner Cochran uses forceful defense
September 4, 2010
Greg AndrewsTim Durham's partner in a failed Akron, Ohio, company says a trustee has nothing to back up his allegations of fraud.
MoreEndocyte's $86M IPO plan a boon for Indiana, investors
August 28, 2010
Greg AndrewsVenture capitalists in Indiana and nationally have thrown money at the company with abandon. Local investors include CID Capital,
Clarian Health Ventures and the Indiana Future Fund.
MoreIs University Loft's rival going on attack again?
August 21, 2010
Greg AndrewsThe Greenfield furniture-maker has an acrimonious history with California-based Furniture by Thurston.
MoreFair Finance trustee finds lots of debts, few assets
August 14, 2010
Greg AndrewsTim Durham, Fair’s co-owner and CEO, burned through staggering sums on a lavish lifestyle, loans and gifts to friends,
and loans to businesses he partly owned that performed dismally.
MoreFinish Line founders giving up their extra voting power
August 7, 2010
Greg AndrewsThe influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process,
as Finish Line is doing.
MoreHoosier firms find cutting costs no substitute for growth
July 31, 2010
Greg AndrewsThe gains amid economic malaise are impressive, but also unsustainable. Companies can’t continue to grow earnings forever
based on cost-cutting.
MoreRetailers gain upper hand in negotiations with landlords
July 24, 2010
Greg AndrewsShop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep
properties filled and vibrant.
MoreBanker who wreaked havoc fesses up to felony charge
July 17, 2010
Greg AndrewsOverseeing a portfolio filled with deteriorating loans is downright
excruciating, as lending officers who’ve lived through the carnage of the recession can attest. Rob Tolle apparently
cracked under the pressure.
MoreHat World's new strategy looks beyond the noggin
July 10, 2010
Greg AndrewsHere’s the business plan: Expand from hat retailing into two new segments—licensed sports apparel and team-sports
equipment—and benefit from the synergies among them.
MoreDeveloper George Broadbent sued for $9M by widow of co-founder
July 3, 2010
Greg AndrewsAvis Skinner alleges Broadbent isn’t making the payments he committed to when he bought out her husband's real estate
interests in 2006.
MoreDurham willingly turning over assets in Fair bankruptcy
June 26, 2010
Greg AndrewsTim Durham, the Indianapolis businessman who purchased Akron, Ohio-based Fair Finance Co. eight years ago, is facing up to
the reality he owes the company a bundle and is shoveling over assets. Nevertheless, the FBI seized some Durham vehicles on
June 24.
MoreHome Loan Bank CEO dashes talk of impending merger
June 19, 2010
Greg AndrewsThe recent chatter followed the bank board’s decision to award CEO Milton J. Miller II a severance agreement entitling
him to extra pay in the event of a merger.
MoreWhopping dividend puts obscure oil refiner in spotlight
June 12, 2010
Greg AndrewsThe financial underpinnings for the current quarterly dividend—45.5 cents per share—seem less than sturdy.
MoreSmulyan buyout plan could take Emmis full circle
June 5, 2010
Greg AndrewsThe going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
MoreBattered banks don't see light at end of tunnel
May 29, 2010
Greg AndrewsCredit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
MoreBig stock run-up puts pressure on HHGregg to deliver
May 22, 2010
Greg AndrewsHigh expectations already are baked into HHGregg Inc.'s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
MoreJudge rejects controversial Guidant plea agreement
May 8, 2010
Greg AndrewsThe deal included a $296 million criminal fine, but no charges against executives who failed to properly report problems with
the company's defibrillators.
MoreEmmis finds loophole for board on Smulyan buyout
May 1, 2010
Greg AndrewsState law normally requires board approval for buyouts. But the language cited in the letter of intent provides an exception
for conflicts of interest or special circumstances.
MoreA new real estate crisis could wreck recovery
April 24, 2010
Greg AndrewsBorrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due
by the end of 2014.
MoreLender suffers own painful loss after homeowner's death
April 17, 2010
Greg AndrewsA home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
MorePath to Fair Finance funds full of detours, roadblocks
April 10, 2010
Greg AndrewsThe troubles at U.S. Rubber Reclaiming demonstrate the challenges a bankruptcy trustee faces in trying to recover money for
investors.
More
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.