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Finances
Entrepreneur 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.
MoreLilly's Effient launch just one of its many challenges
August 3, 2009
Greg AndrewsEli Lilly and Co. has blasted past analysts’ earnings projections for two straight quarters. But if Lilly officials
take that as a sign they can breathe easier, they need only flip through a stack of Wall Street research reports on the company.
MorePets, often overlooked in wills, are getting more attention
June 29, 2009
Rebecca BerfangerWhile most people consider their family members and funeral costs in estate planning, many overlook their babies who happen
to have four legs, a tail, feathers or even scales. A pet trust is a good solution.
MoreEnerDel poised to get jolt of stimulus juice
June 22, 2009
Greg AndrewsWithin weeks, EnerDel expects to receive notification that it's getting as much as $480 million in financing under a U.S.
Department of Energy program aimed at fostering advanced vehicle manufacturing.
MoreJudge to determine whether Lauth's filing was proper
June 22, 2009
Cory SchoutenThe largest outside investor in embattled developer Lauth Group Inc. is asking a federal judge to dismiss the company's bankruptcy
cases.
MoreIndiana logs more complaints against collectors as pressure mounts to make debtors pay up
June 1, 2009
Sam StallA lot of people owe money these days, and some of the agencies hired to pursue them are resorting to old- school tactics to
collect. Things like calling at all hours, threatening to have debtors jailed or fired, or employing abusive language.
MoreLauth granted reprieve
May 25, 2009
Cory SchoutenA judge has given Lauth Group Inc. a reprieve from an equity investor that is seeking to take control of most of the developer's
properties.
MoreIn recession, commercial brokers struggle to determine property values
May 25, 2009
Chip CutterFew commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers
who say it's becoming increasingly difficult to determine the value of properties.
MoreBankrupt firm's creditors unlikely to rubber-stamp sale
May 18, 2009
Greg AndrewsNorwood Promotional Products Inc. suggests it's positioned to sail through bankruptcy, thanks to a pending-sales agreement.
But creditors, owed nearly $300 million, are expected to balk.
MoreWhite River Capital negotiating new terms for its First Chicago Bancorp merger
April 20, 2009
Peter SchnitzlerIn a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it's postponed its
merger with First Chicago Bancorp, and now is negotiating new terms.
MoreLauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
April 20, 2009
Cory SchoutenStruggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
MoreQuality-control firm launches after key player folds
April 13, 2009
Kathleen McLaughlinEntrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered
suddenly.
MoreRecession slices into golf business; courses roll out promotions
April 13, 2009
Anthony SchoettleIndiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
MoreGambling habit puts state at risk
April 6, 2009
The state's overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
MoreIndians buck recession, score more sponsor dollars
March 30, 2009
Anthony SchoettleDespite the bad economy, the Indianapolis Indians' franchise could make a record amount of money in 2009.
MoreAuto sellers want refuge from industry fallout, but trio of bills have fallen flat at Statehouse
March 30, 2009
Chris O'MalleyCar dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren't getting much help from the
Indiana General Assembly.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.