Finish Line stock up, but underlying challenges remain
Deep discounting has become rampant in the athletic shoe and apparel industry—a reality that's weighing on the results of the Indianapolis-based chain.
Greg Andrews
Articles
Tim Durham fraud victims eke out additional recovery
Investors in the Durham-owned Fair Finance Co. are slated to receive an additional $5 million soon, boosting their recovery to $23 million—which works out to about 11 cents on the dollar for their $208 million in losses.
Was $115M Anthem settlement deft lawyering or dud?
Class action lawyers who negotiated a $115 million settlement with the insurance giant over its 2015 data breach are seeking $38 million in attorney's fees.
Unconventional bank racks up torrid growth
Banks aren’t usually among a community’s fastest-growing businesses. But most banks are vastly different from Carmel’s Merchants Bancorp.
Known for malls, Simon turns to apartments, hotels
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
China is giving Cummins a big boost, but will it last?
The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.
CNO CEO Bonach has left mark on far more than his company
Ed Bonach became active in the community partly to send a message to the company’s beaten-down workforce that “you don’t have to hang your head about being part of this company. We are doing a lot of good things, and we will be doing more of them.”
Brother of ex-American Senior Communities CEO admits guilt in fraud case
Joshua Burkhart is the second defendant to admit guilt in what prosecutors allege was a $16 million fraud orchestrated by leaders of the state's biggest nursing home company.
ITT failure a calamity, but former execs say not fraud
The SEC broadly charges that two former ITT Educational Services executives concealed from investors the “extraordinary failure” of two off-balance-sheet student loan programs ITT helped set up in 2009 after the financial crisis shut down the market for traditional private education loans.
Assessing Elanco options: sale, spinoff or status quo?
Lilly CEO David Ricks says the time is right “to consider a variety of options to maximize future value,” such as an initial public offering. But analysts say an IPO would make more sense if Elanco were performing better.
Organizing committee to seek $16M in corporate support for college championship
That compares to $30 million the Indianapolis business community contributed in cash and in-kind services to support the 2012 Super Bowl held at Lucas Oil Stadium.
$1B bank merger notable for absence of egos
An army of MainSource Financial Group executives will have key roles at First Financial Bancorp after First Financial completes its purchase of the Greensburg-based bank early next year.
Noble Roman’s new tack: a back-to-future strategy
If Noble Roman’s Craft Pizza & Pub takes off, the company might franchise dozens of restaurants across the state.
Zionsville pharmacist who put himself in feds’ sights admits to felonies
Harry Zhang pleaded guilty to two felonies this month after charged with illegally obtaining prescriptions from Canada and Germany and reselling them in China.
Judge spares exec from prison in bribery case
Dilip Vadlamudi, the founder of Indianapolis-based Pyramid Technology Solutions, funneled money to a co-conspirator in return for millions of dollars of IT work.
Ex-American Senior Communities CFO who avoided indictment blasted in new lawsuit
Roger Werner played a “central role” in helping fellow executives fleece the nursing home company, according to a new federal lawsuit.
Mel Simon’s widow set to settle $21M lawsuit against IRS
The spat stems from a dispute over whether Mel Simon's sale of his half of the Indiana Pacers to his brother Herb months before Mel's death in 2009 was an arm's-length transaction.
ITT brass settled with SEC, but commissioners nixed deal
The SEC in a blistering 56-page suit had charged that the pair concealed the company’s rapidly eroding financial condition and “routinely misled” the firm’s outside accounting firm, PwC. It’s not clear what the terms of the settlements were.
Nike malaise dragging down Finish Line, analysts say
A veteran retail analyst said Nike, Finish Line's biggest vendor by far, has demonstrated "little to no material innovation" in more than two years.
University Loft calls out rivals as cheaters, lowers legal boom
Competitors in the business of making low-cost furniture for dorm rooms and military bases keep accusing one another of fraud.