Some banks beginning to raise dividends
Some of the most telling signs that banks finally may be recovering from the economic downturn are their decisions to begin increasing dividends.
Scott Olson
Articles
HHGregg posts quarterly loss on poor TV sales, as expected
Disappointing sales at stores open at least a year dragged Indianapolis-based HHGregg Inc. to a rare quarterly loss, the appliance and electronics retail chain said on Thursday.
Judge backs mayor’s decision to revoke school’s charter
The Project School in Indianapolis has lost a court battle to remain open after a judge denied an injunction challenging Mayor Greg Ballard's decision to revoke the school’s charter.
Local attorney facing fraud charges released from jail
Lawyer William F. Conour had been held in a Decatur County Jail since July 25 on a contempt of court charge until a judge on Monday ordered his release. Conour is accused of defrauding clients of $2.5 million.
Fashion Mall landlord suing tenant over unpaid rent
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women’s clothing retailer owes it $64,000 in unpaid rent.
Beech Grove mayor starts process to form CDC
Mayor Dennis Buckley on Friday requested the establishment of a community development corporation with a signed proclamation, which will be presented to the city’s development commission for consideration. He hopes to have it operating within the next month.
Judge rejects Fair Finance attorneys’ fee request
The compensation plan submitted by Cleveland-based Baker & Hostetler LLP could have netted the law firm $32.5 million if it recovered the entire $200 million or more owed to investors of Fair Finance, which was owned by convicted Indianapolis financier Tim Durham.
Charter school lands more time in fight against closure
The Project School was granted a court hearing and restraining order Tuesday in its fight against Mayor Greg Ballard’s plan to revoke its charter. Ballard, though, emphasized his decision by issuing a “final notice of charter revocation.”
State unemployment rate ticks up to 8 percent
The increase marks the first time Indiana’s unemployment rate has risen in nearly a year, the Department of Workforce Development said Friday. The rate remains below the national rate of 8.2 percent.
Area couple’s bankruptcy filing lists $18.5M in debt
An Indianapolis-area couple that operated more than two dozen companies—including one that provided financial counseling—has filed for bankruptcy, listing $18.5 million in debt that includes unpaid business loans and mortgages for homes in Florida and Wyoming.
Gen Con gaming for another attendance record
As crowds get bigger, businesses take more notice.
City plans bid on 2018 Super Bowl
Officials are emboldened by the financial results of the city’s first time hosting the NFL championship game in February, which produced a direct economic impact of $176 million, according to a study commissioned by the Indianapolis Super Bowl Host Committee.
Mother of man shot to death at Kroger files suit
Jeremi Atkinson was fatally shot in December by a Kroger manager during what prosecutors determined was an attempted robbery. A federal lawsuit filed by Toni Atkinson claims the supermarket chain was negligent for not enforcing a firearms policy.
BrightPoint shareholder sues company over pending sale
A BrightPoint Inc. stockholder has filed suit against the company, charging that the $9 share price offered in its $840 million sale to California-based Ingram Micro Inc. is too low.
BrightPoint settles two suits against rival Brightstar
Both lawsuits involved former BrightPoint executives hired by Brightstar who had access to the local firm’s innermost workings and strategies. The suits, filed in Marion Superior Court, were dismissed Wednesday.
Developers prefer low-rise apartments in downtown Indianapolis
Building codes add more expense to high-rise projects.
Massive unused Tipton plant goes back on the market
The never-occupied 781,500-square-foot facility is on the market for $39.5 million, a steep discount from the original cost of roughly $100 million. The plant was built to manufacture auto transmissions. A plan to make solar panels at the site also collapsed.
Marsh closing three grocery stores in central Indiana
Marsh Supermarkets Inc. confirmed Tuesday afternoon that it is closing stores in Greenwood, Anderson and Martinsville. Many employees will get a severance package or an option to transfer to another location.
CIB mulling sale of historic downtown building
The Capital Improvement Board has owned the Ober building, at 107 S. Pennsylvania St. near Bankers Life Fieldhouse, since 1999. Members on Monday voted to begin soliciting bids.
IDI taps not-for-profit veteran to succeed Zahn
Sherry Seiwert, executive director of the Indiana Housing and Community Development Authority, replaces longtime leader Tamara Zahn, who announced in February that she would leave once a successor was found.