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Finances
CNO Financial to take $57M charge in first quarter
March 28, 2013
Associated PressThe Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to
a recent tender offer.
MoreIndiana Beach owes $347,000 in taxes, county says
January 20, 2013
Associated PressIndiana Beach Amusement Resort on Lake Shafer neglected to pay an estimated $180,000 in innkeeper's taxes and about $167,000
in 2011 property taxes, according to White County officials.
MoreDeveloper loses fraud appeal
December 28, 2012
Scott OlsonThe Indiana Court of Appeals affirmed Christopher White's 2009 conviction, resulting from a $500,000 bad check he wrote as
he tried to save his real estate development firm.
MoreGerdt Furniture to close doors after 53-year run
December 21, 2012
IBJ StaffThe last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation
sale on Dec. 28.
MoreU.S. economy adds 146,000 jobs as unemployment rate slips
December 7, 2012
Associated PressThe Labor Department's report Friday offered a mixed picture of the economy. Hiring remained steady during November in the
face of looming tax increases. But the jobless rate slipped in part because more people stopped looking for work.
MoreStocks plunge after election, and as Europe woes deepen
November 7, 2012
Associated PressThe Dow Jones industrial average plummeted as much as 369 points, or 2.8 percent, in the first two hours of trading. It recovered
steadily in the afternoon, but slid into the close and ended down 313, its biggest point drop since this time last year.
MoreDuke loss narrows, quarter meets expectations
November 1, 2012
IBJ StaffIndianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32
million in the same quarter of 2011.
MoreChrysler drives off with $2.5M refund from Duke Energy
October 5, 2012
Chris O'MalleyThe automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the
seven-figure deposit for service at its Kokomo plant since 2009.
MoreHostess to cut wages for Indiana bakers in labor deal
October 4, 2012
IBJ StaffHostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to
lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
MoreStudy finds finance managers at not-for-profits lack financial knowledge
March 3, 2012
Only 36 percent correctly answered all three assessment questions on a test.
MoreWOJTOWICZ: 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.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.