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Behind the News
Path 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.
MoreBig payday for lawyers in concrete price-fixing case irks Duke
March 27, 2010
Greg AndrewsDuke Realty is fighting a request to award an additional $9.7 million in attorneys' fees, calling the amount excessive.
MoreMysterious $14M Verizon payable looms over Durham firm
March 20, 2010
Greg AndrewsCLST Holdings founder Al Goldfield says the company hid a $14 million debt to Verizon Communications Inc. in the years after
he left.
MoreMany banks cutting dividends to merely a penny
March 13, 2010
Greg AndrewsBanks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
MoreFair Finance trustee to make life tough for people on loan list
March 6, 2010
Greg AndrewsBorrowers from Tim Durham's bankrupt finance company will face heavy-handed collection tactics.
MoreBankruptcy trustee for Fair Finance wades into morass of insider loans
February 27, 2010
Greg AndrewsBrian Bash will need to untangle a web of related-party transactions that have befuddled nearly everyone who has tried to
make sense of them.
MoreHHGregg's faster growth boosts risk, potential rewards
February 13, 2010
Greg AndrewsHHGregg Inc. had been in business nearly a half century when it hit the 50-store mark in 2004. It plans to open nearly
that number within the next year.
MoreBrizzi contributor Epperly no stranger to controversy
February 6, 2010
Greg AndrewsHarrison Epperly has made a fortune in his business career, but he's also sparked controversy.
MoreFair Finance investors aim ire at U.S. attorney
January 30, 2010
Greg AndrewsOhio residents who put money into Tim Durham's company want the U.S. Attorney's Office to seize his and the company's assets.
MoreInvestors in failed Church Extension poised to recoup 70 percent
January 9, 2010
Greg AndrewsProfessionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.
MoreBuyer of prized Durham Duesenberg alleges fraud
December 19, 2009
Greg AndrewsA Virginia businessman is suing Tim Durham, alleging he and other defendants manipulated the September auction of a 1930 Duesenberg
that sold for $2.9 million.
MoreDurham enlisted directors with personal, financial ties
December 5, 2009
Greg AndrewsCarl Brizzi's short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
MoreDebt-shedding efforts start to pay off for Brightpoint
November 21, 2009
Greg AndrewsThe wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with
the strongest balance sheets.
MoreRetailers surprisingly upbeat as they head into holidays
November 14, 2009
Greg AndrewsThose in the trenches say this won't be a blockbuster Christmas, but it won’t be horrid, either.
MoreFailed Charlotte skyscraper brings Indianapolis developer back to earth
November 7, 2009
Greg AndrewsThe Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas,
with more floors
than any building in the region except the Charlotte headquarters of Bank of America Corp.
MoreSteak n Shake's Biglari adds intrigue by buying stake in insurer
October 31, 2009
Greg AndrewsThe Indianapolis-based company's CEO revealed earlier this year that he intends to use Steak n Shake as a holding company
that will pursue purchases “either related or unrelated to its ongoing business activities.”
MoreFirst Financial gets sweet deal on Irwin Financial's bank assets
October 24, 2009
Greg AndrewsIt’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.
MoreA pair of community banks see loan woes escalate
October 3, 2009
Greg AndrewsCommunity Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour
at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
MoreAustralian owner abandons efforts to sell Chase Tower
September 19, 2009
Greg AndrewsMacquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston
and a property in Denver that failed to draw juicy enough offers.
MoreFlush with cash, developer Simon revives hunt for acquisitions
September 12, 2009
Greg AndrewsSimon Property Group Inc. has managed to grow revenue tenfold since going public 16 years ago. The key has been well-timed
acquisitions.
MoreRash of bank failures sure to spread to Indiana
September 5, 2009
Greg AndrewsNot a single Indiana bank has failed since the sector tanked last year. But Bob Jones, CEO of Old National Bancorp in Evansville,
figures it’s only a matter of time.
MoreExiting AgroSciences chief shook up strategy, culture
August 29, 2009
Greg AndrewsJerome Peribere shifted Dow AgroScience’s focus toward what he calls “revolutionary solutions."
MoreBiglari consolidates power, as Steak n Shake rebounds
August 24, 2009
Greg AndrewsThe Texas investor running the chain doesn't seem like such a champion of transparency these days.
MoreLauth Group's collapse offers a lesson in hubris
August 17, 2009
Greg AndrewsSince key Lauth Group subsidiaries landed in bankruptcy in May, the company has described its misfortune almost as if it
were an act of God.
MoreLarge HHGregg investor ups stake, surprising analysts
August 10, 2009
Greg AndrewsHHGregg Inc. shares have enjoyed a spectacular runup this year. But the company’s biggest shareholder is making a
huge bet that the good times are only beginning.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.