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Sale of HHGregg name could lead to brand’s resurrection

May 18, 2017

HHGregg Inc. will be history once the Indianapolis-based appliance and electronics chain wraps up store-closing sales at the last of its 220 locations this spring. Or will it?

Roundup: Indy 500 gets children’s book treatment, golf stars to descend on French Lick

May 16, 2017

“The Spectacle” aims to educate the next generation of racing fans by breaking down the Speedway’s history. Meanwhile, the Senior LPGA Championship promises to be star-studded.

BEHIND THE NEWS: Inside the issues that grounded Celadon

May 11, 2017

The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.

Four takeaways from Indy’s newsy tech week

May 4, 2017

The sale of Angie’s List and Infosys’ announcement that it plans to hire 2,000 Hoosiers touched off a torrent of reactions among tech leaders and observers.

BEHIND THE NEWS: Reading the tea leaves after Angie’s List sale

May 4, 2017

No one knows how the $505 million sale of Angie’s List Inc. to New York media and internet company IAC will affect local employment, but the buyer doesn’t seem interested in slash and burn.

Mainscape founder secretly assisted feds with American Senior Communities probe

April 27, 2017

The fact that Dave Mazanowski, whose firm provided landscaping services to the nursing home chain's properties, had been cooperating with investigators was revealed publicly for the first time in a recent court filing.

IBJ takes home awards in annual journalism competition

April 23, 2017

IBJ won honors at the Society of Professional Journalists’ Best in Indiana contest for coverage of Salesforce, elections, arts, the airport and more.

British retailer raises eyebrows by buying big Finish Line stake

April 20, 2017

Sports Direct International pl, which now holds a 7.9 percent stake worth $47 million in Indianapolis-based Finish Line, isn't commenting on its intentions.

ITT Tech nightmare escalates for Indianapolis credit union

March 23, 2017

The Eli Lilly Federal Credit lost a bundle on loans to ITT Technical Institute students a few years ago. Now the credit union, which adopted the Elements Financial moniker two years ago, may get hit with a lawsuit from the bankruptcy trustee for the now-defunct for-profit school operator.

David Simon: Sky-is-falling perception ‘ridiculous’

March 16, 2017

A Wall Street analyst said turnover among retailers actually creates opportunity for Simon Property Group—enabling it to replace underperforming department stores with an eclectic mix of restaurants, movie theaters and other entertainment venues that pay higher rent and boost customer traffic.

Despite rich new TV deal, NCAA gets debt downgrade

March 9, 2017

The governing body for college sports weathered a $411 million deficit in its latest fiscal year. But long term, its financial position appears strong—in no small part because of an $8.8 billion TV contract extension it inked last year for its men's basketball tournament.

Eyler misses deposition, adding to furor over test-prep firm

March 2, 2017

Tennessee-based Southeast Financial Credit Union sued Eyler and others in 2015, charging they fraudulently restructured the business to thwart creditors and owe more than $13 million on defaulted loans.

Activist investors enjoying a profitable ride at Allison Transmission

February 16, 2017

ValueAct Capital parted ways with the Indianapolis-based commercial-transmission manufacturer after turning its $345 million investment into $622 million, not including dividends.

Undaunted, HHGregg CEO sees clear path to turnaround

February 9, 2017

Robert Riesbeck, appointed to the top job last year, says growth opportunities in appliances and furniture are sufficient to offset declines in the company's battered consumer electronics product line.

Marsh Supermarkets’ financial struggles have long history

February 2, 2017

Sun Capital Partners bought Marsh Supermarkets in 2006, rescuing it from potential collpase. But now, more than a decade later, the financial woes have returned.

Lawsuit alleges bank CEO trying to drive Dallas firm out of business

January 26, 2017

A Dallas mortgage company accuses Carmel banker Michael Petrie of launching a "delberate and vindicative campaign" to try to drive it out of business. But a separate lawsuit against the Dallas firm tells a different story.

Bankruptcy trustee appears poised to sue former ITT brass

January 12, 2017

Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.

ANDREWS: With employee ownership, firm takes road less traveled

December 29, 2016

Indianapolis construction firm Shiel Sexton Co. finalized a transaction Sept. 30 making it 100 percent employee-owned.

Defendant in American Senior Communities probe agrees to plead guilty

December 15, 2016

The move by Mainscape founder Dave Mazanowski, disclosed in a federal court filing, is potentially problematic for the four other executives charged this fall.

Finish Line proves again how hard it is to diversify

December 8, 2016

Finish Line's decision to give up on its JackRabbit running-shoe chain and try to find a buyer marks the fourth time the company has stumbled badly while trying to diversify.

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