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Banking & Finance
Should Indiana phase out inheritance tax?
January 28, 2012
Supporters of new legislation say the wealthy shouldn't have to leave the state to avoid the tax.
MoreWALKER: A watershed 401(k) deadline is hurtling our way
January 28, 2012
Brent Walker / Special to IBJPlan sponsors will face both higher expectations and legal responsibilities.
MoreExactTarget's IPO plan could draw out suitors
January 28, 2012
Greg AndrewsFirms pursuing IPOs simultaneously investigate the possibility of a sale as a matter of course, in part because doing so helps
investment bankers assess how they should price shares if they pull the trigger on an offering.
MoreLocal fraternity files suit against former auditor
January 25, 2012
Scott OlsonThe foundation of Alpha Tau Omega accuses Indianapolis-based K.B. Parrish & Co. LLP of malpractice and breach of contract
stemming from $400,000 in missing funds allegedly taken by a former employee.
MoreOld National buying Indiana Community for $79M
January 25, 2012
J.K. WallEvansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis.
Indiana Community Bank & Trust has nearly $985 million in assets.
MoreBuilder's bookkeeper gets 18-month sentence for theft
January 25, 2012
IBJ Staff and Associated PressKim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced
to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
MoreGovernor's Fair Finance settlement yields just $3,000
January 24, 2012
Greg AndrewsCourt papers show the Mitch for Governor Campaign Committee isn't paying more in a settlement with Fair Finance Co.’s
bankruptcy trustee because it has just $3,500 left.
MoreCourt sets repayment schedule for United Financial Systems
January 23, 2012
Kathleen McLaughlinThe Indiana Supreme Court handed down an order that sets out a repayment schedule for the $2.4 million that United Financial
Systems Corp. still owes its former customers.
MoreFair trustee sues Durham's mother for $831,000
January 22, 2012
Greg AndrewsThe lawsuit alleges Mitza Durham of Seymour received 58 checks or wire transfers from the indicted financier from February
2006 through November 2009.
MoreAcquisition-minded investors eye Indiana companies
January 21, 2012
Francesca JaroszAs deadlines loom, private equity firms, others, move to deploy capital.
MoreIndiana deals ranged upward of $800 million
January 21, 2012
Mergers and acquisitions in 2011 ranged from WellPoint's acquisition of CareMore to a trucking company merger.
MoreFinancial maneuvers give Emmis new lease on life
January 21, 2012
Greg AndrewsThe company has made tremendous progress in recent weeks addressing problems that have scared off investors and pushed the
price of its common stock below $1.
MoreProsecutor files charges in two white-collar crime cases
January 19, 2012
One case involves an Indianapolis attorney accused of stealing nearly $600,000 from two accounts she oversaw as trustee. The
other involves the theft of $200,000 from the foundation of a national collegiate fraternity.
MoreEast-side biz incubator target of foreclosure
January 18, 2012
Wells Fargo Bank claims in a lawsuit that Indianapolis Enterprise Center LLC defaulted on a $3.1 million loan. The bank wants
the center's property sold to help satisfy the debt.
MoreState Republican committee agrees to Durham settlement
January 16, 2012
The Indiana Republican State Committee has agreed to pay back $87,875 in political contributions it received from indicted
financier Tim Durham. In addition, a political group supporting Gov. Mitch Daniels agreed to a $10,000 settlement.
MoreProLiance might go on block
January 14, 2012
Chris O'MalleyIndianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first
nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake
in the company.
MoreHome-foreclosure hiatus drives down bankruptcies
January 14, 2012
Kathleen McLaughlinThere were 22,754 cases filed in Southern District of Indiana in 2011, compared with 27,394 the prior year.
MoreFormer Hoosier sentenced in Florida Ponzi case
January 12, 2012
Developer Sydney "Jack" Williams received one year in prison and a $25,000 fine for failing to report millions of dollars
he received in commissions related to a Florida investment scheme.
MoreSimon chasing title of state's most valuable company
January 7, 2012
Greg AndrewsDavid Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the
bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
MorePROXY CORNER: Biglari Holdings Inc.
January 7, 2012
Biglari Holdings Inc. is a San Antonio-based holding company that owns Indianapolis-based Steak n Shake, Roanoke, Va.-based
Western Sizzlin and invests in a diverse range of businesses.
MoreHealthx receives $22M capital infusion
January 6, 2012
Frontier Capital in Charlotte, N.C., provided the funding that will support the continued expansion of Healthx, a local provider
of online health care portals.
MoreEndocyte stays course despite being battered by investors
December 31, 2011
J.K. WallAfter spending most of 2011 as a Wall Street darling, the year ended ugly for Endocyte Inc. But CEO Ron Ellis thinks the West
Lafayette-based drug developer is in better position than ever.
MoreHICKS: Predictions can be wrong, but analysis valuable
December 31, 2011
Mike HicksThe new year is a time of reflection. For someone who comments on the economy and provides analysis and forecasts, it should
be a time to take stock and be honest about where I was right and wrong.
MoreSKARBECK: Despite problems, U.S. still land of opportunity
December 31, 2011
Ken SkarbeckYes, America struggles with instances of poverty, unemployment and other hardships. But we also have the freedom and the opportunities
available to improve our standard of living.
MorePNC's Stitle to chair Central Indiana Business Hall of Fame event
December 31, 2011
IBJ StaffThe event honors men and women who epitomize success in the business world.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.