Behind the News

Bold bets on Hoosier firms yield horrific results so farRestricted Content

December 8, 2008
Greg Andrews
The millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value, leaving them way, way below break-even.
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Despite sour economy, retail developers press onRestricted Content

December 1, 2008
Greg AndrewsMore

HHGregg looks to grow as other consumer electronic businesses falterRestricted Content

November 24, 2008
Greg Andrews
HH Gregg has grown from a local to a national consumer electronic store chain and has its eye on expanding further, given Circuit City's bankruptcy filing.
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Emmis struggling to stay in good stead with lendersRestricted Content

November 17, 2008
Greg Andrews
Emmis Communications Corp. struggles to contain expenses and minimize debts due to radio advertising shortfalls.
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Symphony tries out textingRestricted Content

November 17, 2008
Sean Newhouse, associate conductor of the Indianapolis Symphony Orchestra, invited concert goers to send a text message to vote for their finale favorite.
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Langham lands airport dealRestricted Content

November 17, 2008
An arm of locally based Langham Logistics has won a 40-month, $3.28 million contract to provide logistics services at the new Indianapolis International Airport terminal.
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Indiana CEOs are cautious during financial mayhemRestricted Content

November 10, 2008
Greg Andrews

CEOs with Simon Property, Duke Realty Corp. and Interactive Intelligence Inc. report that their companies are taking an uncharacteristically cautious approach to acquisitions and investments, given the faltering economy.

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Duke founder Wynne loses out using company stock as collateralRestricted Content

November 3, 2008
Greg Andrews
Retired businessman John Wynne, one of the founders of Duke Realty Corp., is the latest executive to get burned after using company stock as collateral for a multimillion-dollar loan in his investment account.
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Murky motive adds intrigue to Old National loan saga

August 18, 2008
Greg Andrews
In the buttoned-down world of banking, it doesn't get much stranger than this: An Indianapolis loan officer with a strong reputation is suddenly dismissed after his employer charges he falsified lending documents. The bank says the fraud exposes it to potential losses approaching $20 million. And here's the kicker: The employer hasn't accused the banker of committing the wrongdoing for personal gain.
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New Nordstrom an obstacle for fragile downtown mall

December 18, 2006
Greg Andrews
When Nordstrom in 1992 signed its lease to open in Circle Centre, mall developers extracted an unusual commitment. The Seattle company agreed not to open another Indianapolis-area store for at least five years. So when Nordstrom last month announced it will launch a second location here, in The Fashion Mall at Keystone, it caught the attention of Herman Renfro, a former Simon Property Group Inc. development executive who oversaw Circle Centre.
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