Banking & Finance

Startup aims to take business cards into digital ageRestricted Content

September 22, 2012
Andrea Muirragui Davis
Indianapolis entrepreneur Nick Carter thinks he’s found a way to eliminate the “black hole” of marketing data: smart business cards that track how recipients use them.
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OneAmerica unit using hybrid policies to grow long-term-care salesRestricted Content

September 22, 2012
Chris O'Malley
Using banks as a sales channel also boosts business in what has been a languishing product segment.
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Basketball legend Robertson target of bank’s lawsuit

September 19, 2012
Scott Olson
Oscar Robertson's money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he's trying to convince a judge that he's not responsible for a $203,000 bank loan.
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Bernanke's speech at Economic Club a coup for city

September 17, 2012
Scott Olson
The chairman of the Federal Reserve is scheduled to speak at the Economic Club of Indiana's Oct. 1 meeting, an event that should put Indianapolis in the national spotlight given the Fed's recent and controversial decision to try to stimulate the economy.
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Rising gas prices put a crimp in Americans' spending

September 16, 2012
Associated Press
The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.
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Analysis: In a crummy economy, why are stocks rising?

September 15, 2012
Associated Press
Economic growth is pitiful. So why are the major stock indexes just a few percentage points shy of an all-time record? Start with two words: Ben Bernanke.
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New rules open door to ads for private placementsRestricted Content

September 15, 2012
Kathleen McLaughlin
In accordance with the Jumpstart Our Business Startups Act, the Securities and Exchange Commission will lift the long-standing ban on “general solicitation” of unregistered securities.
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TIF expert is adviser to many municipalitiesRestricted Content

September 15, 2012
Scott Olson
Loren Matthes helped broker first tax-increment financing deal in the state
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COHEN: Good reason to keep gold in diversified portfoliosRestricted Content

September 15, 2012
Jeff Cohen / Special to IBJ
Metal is hedge against printing money, weakening currencies.
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VISKANTA: Big trends emerge from the lost decade for stocksRestricted Content

September 15, 2012
Tadas Viskanta / Special to IBJ
Investors are trying to get more bang for their buck and are unwilling to rely on the Wall Street firms, many of which helped bring the global economy to its knees just a few short years ago, for their investment needs.
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Allison Transmission struggling to rev up investorsRestricted Content

September 15, 2012
Greg Andrews
After the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing a bargain.
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Stocks open higher day after Federal Reserve move

September 14, 2012
Associated Press
Stocks opened higher Friday, on track to record one of their best weeks since June, after the Federal Reserve stepped in again to help the disappointing economic recovery.
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Fed unveils bold, open-ended steps to aid economy

September 13, 2012
Associated Press
The Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting the stock market and making it cheaper for people to borrow and spend. Stocks surged after the announcement.
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Local financial planner sentenced for identity theft

September 11, 2012
 IBJ Staff
A former financial planner at the Indianapolis offices of Northwestern Mutual and One America-American United Life was sentenced Tuesday to two years in federal prison and three years of probation after pleading guilty to identity theft.
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Game maker Fundex files for bankruptcy reorganization

September 11, 2012
Scott Olson
The once high-flying Fundex is seeking to reorganize under the protection of bankruptcy as the lawsuits against the Plainfield-based company continue to pile up. Fundex lists assets of nearly $1.5 million and liabilities of $8.9 million.
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Answers on $526M in tax mistakes expected in December

September 10, 2012
Associated Press
Auditors reviewing $526 million in tax errors made by Indiana's tax collection agency said Monday they will investigate whether state employees are knowledgeable enough to track tax collections and whether the state has adequate internal controls to guard against future errors.
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Solar panel maker Abound to auction off assets

September 10, 2012
 IBJ Staff and Bloomberg News
Abound Solar Inc., the bankrupt solar-panel maker that had hoped to hire up to 1,200 people in Indiana by the end of next year, will have its assets sold at auctions this month and in October.
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'Knock on Wood' campaign boosts Farm Bureau brandRestricted Content

September 8, 2012
Chris O'Malley
The torrent of competitors' humorous TV commercials forced Indiana Farm Bureau Insurance to roll out its own campaign. So far, its “Knock on Wood” shtick is said to have boosted brand awareness in urban markets by 12 percent, as measured by social media chatter.
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Banker takes stage as choir conductorRestricted Content

September 8, 2012
BMO Harris executive vice president will lead Indianapolis Symphonic Choir season debut.
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CNO stock hits 4-year high on recapitalization strategy

September 5, 2012
Bloomberg News
Carmel-based insurer CNO Financial Group Inc. said Tuesday that it is seeking $950 million of loans and bonds to repay debt and reduce borrowing costs.
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WellPoint plans debt offerings to fund Amerigroup acquisition

September 5, 2012
Bloomberg News
Indianapolis-based WellPoint Inc., the second-biggest U.S. health insurer, is planning a four-part debt offering to help fund its $4.9 billion acquisition of Amerigroup Corp, the insurer said Wednesday.
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Stonegate Mortgage acquires Florida firm

September 5, 2012
The Indianapolis-based mortgage company has entered the Florida market with its purchase of NattyMac LLC in St. Petersburg.
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Emmis vote strips preferred shareholders of dividends

September 4, 2012
Scott Olson
The Tuesday vote by shareholders to wipe out $34 million in unpaid dividends to preferred shareholders follows a judge's Friday decision to deny a request by the preferred shareholders to prevent a vote on the proposal.
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Judge gives Emmis OK to hold shareholder vote

August 31, 2012
Scott Olson
A federal judge on Friday gave Emmis Communications Corp. the green light to proceed with a shareholder vote that could wipe out $34 million in unpaid preferred shareholder dividends.
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North-side office building falls into foreclosure

August 27, 2012
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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