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Articles

Spate of Indiana firms lines up for IPOs

December 22, 2011

The highest-profile Hoosier initial public offering was staged by Angie’s List Inc., the online provider of consumer reviews. The Indianapolis-based company raised $76 million by selling new shares, and existing stockholders raked in another $31 million by selling some of their holdings.

Real estate meltdown leaves developers reeling

December 22, 2011

It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.

2011 NEWSMAKER: Eugene White in crosshairs as reformers target IPS

December 22, 2011

There’s a pitched battle under way in K-12 education as reform advocates and charter schools challenge traditional institutions such as teachers’ unions and education schools.

GOP-controlled Legislature overhauls K-12 education

December 22, 2011

This year saw the most sweeping changes to public education since the approval of teachers’ unions in 1973.

2011 NEWSMAKER: Daniels declines presidential bid

December 22, 2011

Supporters of Indiana Gov. Mitch Daniels were disappointed when he announced May 22 that he would not seek the Republican nomination for president.

Battle over right-to-work bill derails legislative session

December 22, 2011

Advancement of right-to-work legislation during this year’s legislative session caused Indiana House Democrats to flee to Urbana, Ill., where they remained for 36 days in what became the longest walkout in Indiana history.

2011 NEWSMAKER: Melangton gears up for Indy’s big game

December 22, 2011

Indianapolis Super Bowl Host Committee CEO Allison Melangton began 2011 with a trip to Dallas to see firsthand how the NFL pulls off its big game.

Downtown mall stung by loss of Nordstrom

December 22, 2011

Nordstrom, which opened with the mall in 1995, left a gaping 210,000-square-foot hole in Circle Centre mall. It is a particularly tough space to fill since department stores have seen their market share decline more than half in 20 years and need less space.

Manning’s neck injury sends Colts into tailspin

December 22, 2011

The Indianapolis Colts won their first game of the 2011 season on Dec. 18—nearly an entire year after they racked up their last victory.

City backs string of high-profile real estate projects

December 22, 2011

The administration of Mayor Greg Ballard found its stride in the final year of its first four-year term, at least when it comes to major publicly supported real estate projects.

2011 NEWSMAKER: Simon collects big raise, takes on Amazon.com

December 22, 2011

Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based company the next eight years.

Political neophyte Ballard cruises to second term

December 22, 2011

A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.

Durham’s attorney alleges feds abused wiretaps

December 21, 2011

Indicted financier Tim Durham's attorney alleges "the government has engaged in a course of conduct that … constitutes gross misconduct so severe that dismissal is warranted."

Durham’s wages docked to pay $71,000 debt

December 16, 2011

The order from a Hamilton County magistrate says an investor can collect $71,423.66, including interest, from Durham’s National Lampoon Inc. salary.

Durham follows magistrate’s order, moves from sister’s house

August 25, 2011

Indicted financier Tim Durham is living in an undisclosed residence in the downtown area after a federal magistrate rejected his request to move back into his 20,000-square-foot mansion.

Judge nearly sends Durham back to halfway house

August 19, 2011

Magistrate Judge Kennard Foster said Durham should not continue living at his sister’s house or move back to his mansion because both are in foreclosure.

Durham asks to move back into his mansion

August 16, 2011

Indicted financier Tim Durham has asked a federal judge to allow him to move from his sister’s home in Geist back to his 20,000-square-foot mansion. Durham has been living with his sister on home detention since his April arrest.

Judge: Durham’s home-detention restrictions to continue

July 21, 2011

A federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also appointed a public defender for his business partner, James F. Cochran.

KETZENBERGER: Cook and Durham are a study in contrasts

May 4, 2011

Cook took wealth for himself, no doubt, but not before he made sure the companies and the employees had what they needed, and we’re all the better for it.

Durham prosecutors propose case-notification plans

April 12, 2011

Instead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding, prosecutors want to keep them apprised of court proceedings through websites and an automated call center.

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