Behind the News

Jackpot awaits lawyers in price-fixing litigationRestricted Content

March 30, 2009
Greg Andrews
Attorneys 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.
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Dow tightens grip on prized Indianapolis unitRestricted Content

March 23, 2009
Greg Andrews
Locally based Dow AgroSciences, one of Indianapolis' top employers, may not be going on the sale block after all.
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Duke upends growth plan, focuses on paying debtRestricted Content

March 16, 2009
Greg Andrews
In this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills
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Durham insider deal sparks outcry

March 9, 2009
Greg Andrews
Tim 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.
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Geist restaurateur buffeted by financial squalls

March 2, 2009
Greg Andrews
Henri 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.
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Crackdown on bank pay pinches Hoosier execsRestricted Content

February 23, 2009
Greg Andrews
When 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.
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A showy millionaire faces spate of lawsuits

February 16, 2009
Greg Andrews
A recent spate of lawsuits, filed by a who's who of Indianapolis businessmen, exposes cracks in Tim Durham's veneer of opulence.
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Stakes huge for Indiana as feds weigh stimulusRestricted Content

February 2, 2009
Greg Andrews
A 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.
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Ailing anchor store casts uncertainty over Circle CentreRestricted Content

January 26, 2009
Greg Andrews
The 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.
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Slump emboldens retailers to play tough with SimonRestricted Content

January 19, 2009
Greg Andrews
Suddenly, 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.
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KSM's run-in with Madoff spawns bevy of questionsRestricted Content

January 12, 2009
Greg Andrews
KSM Capital Advisors didn't invest its clients' money directly with Bernard L. Madoff, but they're out millions of dollars just the same.
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Sensient Flavors: Fed's actions in inquiry leave bad tasteRestricted Content

January 5, 2009
Greg Andrews
An 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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Stitle: Bank's sale to PNC fuels 'burst of adrenaline'Restricted Content

December 15, 2008
Greg Andrews
"I have no intention of retiring â?? now or ever," said Steve Stitle, CEO of National City Bank in Indiana, after the bank was purchased by PNC Financial.
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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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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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