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Behind the News
Lilly's Effient launch just one of its many challenges
August 3, 2009
Greg AndrewsEli Lilly and Co. has blasted past analysts’ earnings projections for two straight quarters. But if Lilly officials
take that as a sign they can breathe easier, they need only flip through a stack of Wall Street research reports on the company.
MoreWhy ailing Emmis could bounce back
July 20, 2009
Greg AndrewsLet's play the contrarian. For Emmis, that means arguing that the battered company is poised for resurgence, rather than sliding
deeper into the abyss.
MoreBrightpoint's Danish deal not so sweet two years later
July 13, 2009
Greg AndrewsThe cross-continent mega deal that made Brightpoint Inc. the world’s biggest wireless phone distributor
has lost much of its sheen two years after being struck. Brightpoint Inc. in August 2007 purchased Denmark-based
Dangaard Telecom for $385 million in stock and the assumption of $350 million in Dangaard debt.
MoreEnerDel poised to get jolt of stimulus juice
June 22, 2009
Greg AndrewsWithin weeks, EnerDel expects to receive notification that it's getting as much as $480 million in financing under a U.S.
Department of Energy program aimed at fostering advanced vehicle manufacturing.
MoreJudge slams law firm Bose over 'misrepresentations' in Red Spot case
June 15, 2009
Greg AndrewsBose McKinney & Evans' defense of an Evansville company in a high-stakes environmental-contamination lawsuit has degenerated
into a fiasco, with a federal judge sanctioning both the client Red Spot Paint & Varnish Co. and law firm and ordering
each to pay half the plaintiff's
legal bills.
MoreProsecutors see seedy side to seemingly tame industry
June 8, 2009
Greg AndrewsCurrent and former employees of Bloomington-based International Outsourcing Services LLC are under assault by federal prosecutors
who charged they participated in a scheme to bilk some of the nation's largest issuers of coupons out of more than $250 million.
MoreBanker's seat on board turns into bigger challenge
May 25, 2009
Greg AndrewsWithin a month of joining the board of Evansville's Integra Bank Corp. Mike Alley, former CEO of Fifth Third Bancorp's central
Indiana operations, had become Integra's interim CEO.
MoreBankrupt firm's creditors unlikely to rubber-stamp sale
May 18, 2009
Greg AndrewsNorwood Promotional Products Inc. suggests it's positioned to sail through bankruptcy, thanks to a pending-sales agreement.
But creditors, owed nearly $300 million, are expected to balk.
MoreREITs get boost, not scorn, for selling cheap shares
May 11, 2009
Greg AndrewsHere's more evidence we're in strange times: Indianapolis' real estate investment trusts have been issuing hundreds of millions
of dollars of stock at woefully low prices—and getting a pat on the back from their shareholders for doing so.
MoreDan Laikin on sidelines as others admit guilt in stock-manipulation scheme
April 27, 2009
Greg AndrewsCarmel businessman Dan Laikin finds himself in the awkward spot of denying wrongdoing at the same time the three men accused
of conspiring with him in a stock-manipulation scheme are admitting guilt.
MoreEmmis creates option to sell, lease back HQ
April 20, 2009
Greg AndrewsWould embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"
Questions about expenses have dogged Marsh before
April 13, 2009
Greg AndrewsDon Marsh lashed back last month after the owner of Marsh Supermarkets Inc. filed a lawsuit accusing him of billing the company
for millions of dollars in personal expenses.
MoreJackpot awaits lawyers in price-fixing litigation
March 30, 2009
Greg AndrewsAttorneys for concrete purchasers who say they were victims of a price-fixing scheme have waged a tenacious legal battle over
the last four years, and .now
they're ready to cash in.
MoreDow tightens grip on prized Indianapolis unit
March 23, 2009
Greg AndrewsLocally based Dow AgroSciences, one of Indianapolis' top employers, may not be going on the sale block after all.
MoreDuke upends growth plan, focuses on paying debt
March 16, 2009
Greg AndrewsIn this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills
MoreDurham insider deal sparks outcry
March 9, 2009
Greg AndrewsTim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
MoreGeist restaurateur buffeted by financial squalls
March 2, 2009
Greg AndrewsHenri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
MoreCrackdown on bank pay pinches Hoosier execs
February 23, 2009
Greg AndrewsWhen Sen. Chris Dodd decided to wage war on corporate excess, he had Wall Street fat cats in his sights, not people like Bob
Jones, the folksy CEO of Old National Corp. in Evansville.
MoreA showy millionaire faces spate of lawsuits
February 16, 2009
Greg AndrewsA recent spate of lawsuits, filed by a who's who of Indianapolis businessmen, exposes cracks in Tim Durham's veneer of opulence.
MoreStakes huge for Indiana as feds weigh stimulus
February 2, 2009
Greg AndrewsA new report by one of the nation's leading economists finds that getting the stimulus package through Congress—
and fast—
has huge implications for Hoosiers.
MoreAiling anchor store casts uncertainty over Circle Centre
January 26, 2009
Greg AndrewsThe shopping mall business is fragile these days, with the recession sapping consumer spending as well as retailers' demand
for space. So how is Circle Centre, the centerpiece of downtown Indianapolis' 1990s revival, holding up? OK for now, it seems.
MoreSlump emboldens retailers to play tough with Simon
January 19, 2009
Greg AndrewsSuddenly, the balance of power is shifting between retail tenants and mighty Simon Property Group Inc., the nation's biggest
mall owner. Simon's biggest
challenge: A litany of retailers either have failed or are on the brink of financial collapse, creating more empty spaces
in malls at a time demand is slack to fill it.
MoreKSM's run-in with Madoff spawns bevy of questions
January 12, 2009
Greg AndrewsKSM Capital Advisors didn't invest its clients' money directly with Bernard L. Madoff, but they're out millions of dollars
just the same.
MoreSensient Flavors: Fed's actions in inquiry leave bad taste
January 5, 2009
Greg AndrewsAn Indianapolis flavor-maker's lawsuit to keep out federal health inspectors has escalated into a legal melee,
with attorneys for the company seeking
sanctions against the feds for failing to cooperate during the discovery phase of the case.
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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.