Finances
WOJTOWICZ: Character always counts—even in loan decisions
September 23, 2011
Jean WojtowiczDuring these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s
character.
MoreNew financing may give battered dry cleaner fresh start
September 10, 2011
Greg AndrewsUS Dry Cleaning’s September 2008 purchase of Tuchman Cleaners was supposed to end years of financial strain for the
25-store Indianapolis chain, but it didn’t happen.
MorePrecedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
MoreCompanies seek equity in return for services to startups
April 16, 2011
Francesca JaroszA crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for
an ownership stake.
MoreUPDATE: Borders files bankruptcy, to close 2 area stores
February 16, 2011
IBJ Staff and Bloomberg NewsBorders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores
nationally.
MoreExactTarget reports record annual revenue
February 2, 2011
The Indianapolis-based e-mail marketing firm said revenue in 2010 grew 41 percent, to more than $134 million. The company
also marked its 40th consecutive quarter of growth.
MoreMoe & Johnny’s owner files for bankruptcy reorganization
November 12, 2010
Scott OlsonOwner Chuck Mack says popular tavern and restaurant Moe & Johnny's, open in Broad Ripple since 1996, is in no danger of closing
despite the Chapter 11 filing.
MoreFinish Line cash hoard could draw out suitors
November 6, 2010
Greg AndrewsCitigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout
candidates.
MoreFBI scoops up Tim Durham's car collection
June 30, 2010
Greg AndrewsAn agreement with Durham's attorney paved the way for FBI agents to pick up 18 cars from Durham's residences in Indianapolis
and Los Angeles.
MoreTrustee asks for Hansen & Horn bankruptcy to be dismissed
June 28, 2010
Scott OlsonBeleaguered home builder doesn't appear to have funds available to pay an attorney to prepare
necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
MoreDurham willingly turning over assets in Fair bankruptcy
June 26, 2010
Greg AndrewsTim 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.
MoreDurham attorney blasts FBI after vehicle seizures
June 25, 2010
Greg AndrewsEmbattled financier Tim Durham's lawyer, Larry Mackey, said the FBI should have known a bankruptcy trustee had the titles.
An attorney for
the trustee said investigators were aware.
MoreFormer Shelbyville office manager charged with embezzlement
April 1, 2010
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.
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.
MoreSteak n Shake slashes restaurant spending as CEO hoards cash
January 2, 2010
Cory SchoutenFrom 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
MoreEntrepreneur says quality of venture capital as important as quantity
January 2, 2010
IBJ StaffJim Pearson knows a thing or two about raising money from venture capitalists. And he has some advice for BioCrossroads:
Teach entrepreneurs the value of money.
MoreIndianapolis Indians take big revenue hit, but team still profitable
December 5, 2009
Anthony SchoettleTeam profits declined from $1.23 million in 2008 to $459,603 this year. Despite
that, the team’s board voted unanimously to pay a dividend.
More$75M investment in ExactTarget may be Indianapolis record
December 5, 2009
Chris O'MalleyThe amount raised since October is in addition to the $69.9 million it received in May from three venture
firms on the coasts, in what was the third-largest venture deal in the nation during the second quarter,
according to the National Venture Capital Association.
MoreFeds seek seizure of Durham's assets
November 28, 2009
Greg AndrewsThe federal government has filed court papers seeking forfeiture of Tim Durham's property, including his 30,000-square-foot
Geist home, another home in Los Angeles and his 2008 Bugatti sports car.
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.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreDebt collectors try soft approach
October 24, 2009
Peter SchnitzlerRecession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.
MoreFitch strips Indianapolis of prized AAA bond rating
August 29, 2009
Peter SchnitzlerFitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city's finances.
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.
MoreLoan defaults could cost David Marsh his Geist home
August 17, 2009
Cory SchoutenDavid A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
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Mike, I am confused by your message, what is it besides hiding behind a flag, a song, and a symbol. I am surpised you can find Indiana, you and your phony "Washington" outsider mentality. You are a legend in your own mind, come and see what it is like to work and live in this state. You are a lifelong politician, admit it and carry on.
Why not exclude all places that cater to the rich. Private clubs should not have rules: rules are for the serfs only. In fact, we should subsudize the private clubs, they should not pay property or sales taxes. You go rich and powerful, rules are not for you.
Poor little LadyJ! Typical Democommie. In case it got past you, the dems have totally screwed this country in the past 3+ years. We have a democommie in the White House who apparently never read the Constitution, while claiming to be a constitutional scholar. We had a democommie-controlled Congress (opposite of PROGRESS?)passing bills that "we'll have to pass before we know what's in it". This impostor president has violated the U. S. Constitution too many times to count. The Attorney General is a race-baiting gunrunner that refuses to stop illegal immigration. And, the head of NASA, a once-proud agency that put several men on the moon, is now our liason to the murderous Muslims. Great job, democommies! Sometimes I wish they really would try to take our guns.
Pat Bauer try t do right about the state but the Republican leader and all of them did not think of us. Only the money they will get from their rich corporation. Of Course the Democrats had union, so I won't vote for Bosma or whatever his name is.
Well you are talking about Republican, did all of the Damage in this state. Sure the Democrats did some but most is the Republican. The Republican set us back not going forward. Hurry passed bills won't listen to any amendment our way only. The Republicans drew up these district so they could win again. Which is a crying shame. I will not vote for any Republican and I got the list who voted for the RTW Bill and who didn't. Tired of the Republicans