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Legal skirmishes break out over ITT documents, data

July 27, 2017

In digital and hard-copy form, the company controlled a massive trove of records—many of them academic transcripts and other student records that will need to live on for decades.

Simon, Kite seek to dispel ‘retail apocalypse’ narrative

July 20, 2017

Some portfolio managers believe the market is painting the retail sector with too broad a brush. Yes, they say, many malls will go under, as will many retailers. But developers focusing on high-end properties—a description that fits both Simon and Kite—should fare just fine.

ITT trustee blasts firm’s former directors, seeks $50M

July 13, 2017

The trustee charges that Sam Odle and fellow outside directors should have ousted CEO Kevin Modany—a move that likely would have been well-received by the U.S. Department of Education and ITT’s accrediting agency.

Black Expo to feature business events July 10-14

June 29, 2017

Many events are part of the Indiana Black Expo Summer Celebration’s Business Conference.

Novel layout complicated effort to find Marsh buyers for some stores

June 23, 2017

Rather than featuring long, tall aisles like traditional groceries, the new-format stores featured a courtyard in the center with a dozen “boutiques” around the perimeter, each selling a certain category of goods.

Scrappy insurer continues pursuit of $25M judgment from Symons family

June 15, 2017

Continental Casualty Co., which has been tangling in court with the family for more than 15 years, recently initiated garnishment proceedings in a quest to collect as much as possible of a 2009 judgment.

Subpoena scuffle puts American Senior Communities fraud case on contentious course

June 1, 2017

Prosecutors argue that subpoenas issued by counsel for the nursing home company's former CEO are overly broad and "an abuse of process."

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.

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