Behind the News

Hat World's new strategy looks beyond the nogginRestricted Content

July 10, 2010
Greg Andrews
Here’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.
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Developer George Broadbent sued for $9M by widow of co-founder

July 3, 2010
Greg Andrews
Avis Skinner alleges Broadbent isn’t making the payments he committed to when he bought out her husband's real estate interests in 2006.
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Durham willingly turning over assets in Fair bankruptcy

June 26, 2010
Greg Andrews
Tim 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.
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Home Loan Bank CEO dashes talk of impending mergerRestricted Content

June 19, 2010
Greg Andrews
The 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.
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Whopping dividend puts obscure oil refiner in spotlightRestricted Content

June 12, 2010
Greg Andrews
The financial underpinnings for the current quarterly dividend—45.5 cents per share—seem less than sturdy.
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Smulyan buyout plan could take Emmis full circleRestricted Content

June 5, 2010
Greg Andrews
The going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering five years from now.
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Battered banks don't see light at end of tunnelRestricted Content

May 29, 2010
Greg Andrews
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
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Big stock run-up puts pressure on HHGregg to deliverRestricted Content

May 22, 2010
Greg Andrews
High expectations already are baked into HHGregg Inc.'s stock price, which has doubled since last May. A disappointment could spawn a sell-off.
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Judge rejects controversial Guidant plea agreement

May 8, 2010
Greg Andrews
The deal included a $296 million criminal fine, but no charges against executives who failed to properly report problems with the company's defibrillators.
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Emmis finds loophole for board on Smulyan buyout

May 1, 2010
Greg Andrews
State 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.
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A new real estate crisis could wreck recoveryRestricted Content

April 24, 2010
Greg Andrews
Borrowers 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.
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Lender suffers own painful loss after homeowner's deathRestricted Content

April 17, 2010
Greg Andrews
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
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Path to Fair Finance funds full of detours, roadblocksRestricted Content

April 10, 2010
Greg Andrews
The troubles at U.S. Rubber Reclaiming demonstrate the challenges a bankruptcy trustee faces in trying to recover money for investors.
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Big payday for lawyers in concrete price-fixing case irks Duke

March 27, 2010
Greg Andrews
Duke Realty is fighting a request to award an additional $9.7 million in attorneys' fees, calling the amount excessive.
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Mysterious $14M Verizon payable looms over Durham firmRestricted Content

March 20, 2010
Greg Andrews
CLST Holdings founder Al Goldfield says the company hid a $14 million debt to Verizon Communications Inc. in the years after he left.
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Many banks cutting dividends to merely a pennyRestricted Content

March 13, 2010
Greg Andrews
Banks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
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Fair Finance trustee to make life tough for people on loan list

March 6, 2010
Greg Andrews
Borrowers from Tim Durham's bankrupt finance company will face heavy-handed collection tactics.
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Bankruptcy trustee for Fair Finance wades into morass of insider loans

February 27, 2010
Greg Andrews
Brian Bash will need to untangle a web of related-party transactions that have befuddled nearly everyone who has tried to make sense of them.
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HHGregg's faster growth boosts risk, potential rewardsRestricted Content

February 13, 2010
Greg Andrews
HHGregg 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.
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Brizzi contributor Epperly no stranger to controversy

February 6, 2010
Greg Andrews
Harrison Epperly has made a fortune in his business career, but he's also sparked controversy.
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Fair Finance investors aim ire at U.S. attorney

January 30, 2010
Greg Andrews
Ohio residents who put money into Tim Durham's company want the U.S. Attorney's Office to seize his and the company's assets.
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Investors in failed Church Extension poised to recoup 70 percentRestricted Content

January 9, 2010
Greg Andrews
Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed investors.
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Buyer of prized Durham Duesenberg alleges fraud

December 19, 2009
Greg Andrews
A 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.
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Durham enlisted directors with personal, financial ties

December 5, 2009
Greg Andrews
Carl Brizzi's short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
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Debt-shedding efforts start to pay off for BrightpointRestricted Content

November 21, 2009
Greg Andrews
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with the strongest balance sheets.
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