Gerdt Furniture to close doors after 53-year run
The last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation sale on Dec. 28.
Finances
Articles
Elkhart County getting nearly 400 new jobs
The Elkhart County Council on Saturday approved tax incentives for four companies seeking to expand in the county where the jobless rate topped out at nearly 19 percent in March 2009.
U.S. economy adds 146,000 jobs as unemployment rate slips
The Labor Department’s report Friday offered a mixed picture of the economy. Hiring remained steady during November in the face of looming tax increases. But the jobless rate slipped in part because more people stopped looking for work.
Stocks plunge after election, and as Europe woes deepen
The Dow Jones industrial average plummeted as much as 369 points, or 2.8 percent, in the first two hours of trading. It recovered steadily in the afternoon, but slid into the close and ended down 313, its biggest point drop since this time last year.
Duke loss narrows, quarter meets expectations
Indianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32 million in the same quarter of 2011.
Chrysler drives off with $2.5M refund from Duke Energy
The automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the seven-figure deposit for service at its Kokomo plant since 2009.
Hostess to cut wages for Indiana bakers in labor deal
Hostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
Study finds finance managers at not-for-profits lack financial knowledge
Only 36 percent correctly answered all three assessment questions on a test.
WOJTOWICZ: Character always counts—even in loan decisions
During these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s character.
New financing may give battered dry cleaner fresh start
US Dry Cleaning’s September 2008 purchase of Tuchman Cleaners was supposed to end years of financial strain for the 25-store Indianapolis chain, but it didn’t happen.
Precedent joins ranks of battered developers
The Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
Companies seek equity in return for services to startups
A crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for an ownership stake.
UPDATE: Borders files bankruptcy, to close 2 area stores
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
ExactTarget reports record annual revenue
The Indianapolis-based e-mail marketing firm said revenue in 2010 grew 41 percent, to more than $134 million. The company also marked its 40th consecutive quarter of growth.
Bill would allow state takeover of troubled cities
Local governments in Indiana could ask for a state takeover to fix financial troubles instead of declaring bankruptcy under a bill advancing in the Legislature.
Moe & Johnny’s owner files for bankruptcy reorganization
Owner Chuck Mack says popular tavern and restaurant Moe & Johnny’s, open in Broad Ripple since 1996, is in no danger of closing despite the Chapter 11 filing.
Finish Line cash hoard could draw out suitors
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
FBI scoops up Tim Durham’s car collection
An agreement with Durham's attorney paved the way for FBI agents to pick up 18 cars from Durham's residences in Indianapolis
and Los Angeles.
Trustee asks for Hansen & Horn bankruptcy to be dismissed
Beleaguered home builder doesn’t appear to have funds available to pay an attorney to prepare
necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
Durham attorney blasts FBI after vehicle seizures
Embattled financier Tim Durham’s lawyer, Larry Mackey, said the FBI should have known a bankruptcy trustee had the titles.
An attorney for
the trustee said investigators were aware.