Banking & Finance

As Sardar Biglari stirs controversy, Steak n Shake hums alongRestricted Content

September 11, 2010
Greg Andrews
Sardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
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HICKS: Income tax debate looms over next election

September 11, 2010
Mike Hicks
The expiration of the Bush tax cuts this January will further slow the economy, perhaps deeply.
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Former bank exec receives 22-month sentence

September 9, 2010
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
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Lilly investing up to $150M in VC funds

September 8, 2010
Bloomberg News
The three venture funds, which will focus on drug development, may be worth a total of $750 million, up to $250 million each, and Lilly will contribute as much as 20 percent of the money.
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Dan Laikin sentenced to 45 months in Lampoon fraud

September 8, 2010
Greg Andrews
The sentence was short of the 60-month maximum Laikin could have received under a plea agreement worked out with federal prosecutors last fall.
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Business bank reports second-quarter loss

September 7, 2010
Indiana Business Bank's restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
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Fair Finance co-owner Cochran uses forceful defense

September 4, 2010
Greg Andrews
Tim Durham's partner in a failed Akron, Ohio, company says a trustee has nothing to back up his allegations of fraud.
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Sarbanes-Oxley co-author speaking at INVESTIndiana conference

September 4, 2010
 IBJ Staff
Former Ohio congressman Michael G. Oxley will join Gov. Mitch Daniels as a speaker at the event.
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Lauth revival hinges on judge approving settlementRestricted Content

September 4, 2010
Cory Schouten
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
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HICKS: Trade unions strong when they work with biz

September 4, 2010
Mike Hicks
For labor unions to survive, they must follow the path of their more successful brethren in trade unions.
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Local venture capital firm launches investment arm

September 1, 2010
Heron Capital Equity Partners seeks to invest $1 million to $10 million in private companies headquartered within 250 miles of Indianapolis. HCEP is part of Heron Capital, one of the largest venture capital funds in the city.
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New IU program lets students invest $100,000

August 31, 2010
 IBJ Staff and Associated Press
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity for students.
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Banks still cautious on commercial real estateRestricted Content

August 28, 2010
Scott Olson
Singed by the downturn, banks are winnowing real estate portfolios.
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Endocyte's $86M IPO plan a boon for Indiana, investors

August 28, 2010
Greg Andrews
Venture capitalists in Indiana and nationally have thrown money at the company with abandon. Local investors include CID Capital, Clarian Health Ventures and the Indiana Future Fund.
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HICKS: Most majors pay off, but some a lot more than othersRestricted Content

August 28, 2010
Mike Hicks
There is clearly something important about the totality of what is learned in college, but, if you want to apply all those upper-level classes in your major, you'd better study hard or pick the right field.
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Feds take over $20M Irwin pension shortfall

August 23, 2010
 IBJ Staff
The Pension Benefit Guaranty Corp. estimates Irwin Financial Corp.’s pension plan is 56 percent funded, with assets of $26.7 million to cover $47.2 million in benefit liabilities.
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Kirr Marbach & Co. mutual fund among nation's best performers

August 21, 2010
Among value funds that include companies of varying sizes, the performance of the Kirr Marbach Partners Value Fund ranks No. 2 out of 357 similar funds.
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SKARBECK: Investors may miss mark by switching to bonds

August 21, 2010
Ken Skarbeck
It seems more likely that bond investors today are making the same mistake stock investors made back at the peak of the stock-market bubble.
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Judge rules Murat Centre can keep new name

August 20, 2010
 IBJ Staff
A naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based Old National Bank has been dismissed.
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Hamilton County woman pleads guilty to securities fraud

August 19, 2010
Dorothy Geisler-Tragardh, who had been a partner in a clean-coal energy company called Praxis Resource Partners LLC, was accused of running a stock-sale scheme in which she took nearly $2 million from investors.
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Bank On Indy initiative nearing first-year goal

August 19, 2010
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
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Fair Finance trustee finds lots of debts, few assets

August 14, 2010
Greg Andrews
Tim Durham, Fair’s co-owner and CEO, burned through staggering sums on a lavish lifestyle, loans and gifts to friends, and loans to businesses he partly owned that performed dismally.
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HICKS: Expectations can't erase sluggish recoveryRestricted Content

August 14, 2010
Mike Hicks
While the economy continues to recover, the pace is agonizingly slow. The reasons for this are becoming clear.
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Two Indianapolis accounting firms make top 100 list

August 14, 2010
 IBJ Staff
Katz Sapper & Miller LLP and Blue & Co. LLC again are the only two local accounting firms to crack Inside Public Accounting’s annual top-100 list.
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Tim Durham closes New Castle restaurant

August 13, 2010
Greg Andrews
A sign on the door of Durhams Ristorante says the moderately priced Italian eatery will be "closed until further notice."
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