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Banking & Finance
Indiana Public worker, teacher funds have lost $8B in 15 months
March 2, 2009
Peter SchnitzlerThe state's two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
MoreGeist restaurateur buffeted by financial squalls
March 2, 2009
Greg AndrewsHenri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
MorePNC plans return to 'old-fashioned' lending standards
March 2, 2009
Peter SchnitzlerPNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC's strategy.
MoreFearful companies are curtailing employee insurance, retirement perks
March 2, 2009
J.K. WallExperts worry that if unemployment worsens, even more companies could be forced to cut benefits, especially health insurance.
MoreMarket, not bailouts, should stimulate refinancings
March 2, 2009
Mike HicksMarkets, no matter how imperfect, not government programs, manage the economy.
MoreFast-growing appraisal firm evolves from subprime past
February 23, 2009
Cory SchoutenOne of the largest independent survivors of the subprime debacle is staking its future on a real estate appraisal business
based in Indianapolis.
MoreCrackdown on bank pay pinches Hoosier execs
February 23, 2009
Greg AndrewsWhen Sen. Chris Dodd decided to wage war on corporate excess, he had Wall Street fat cats in his sights, not people like Bob
Jones, the folksy CEO of Old National Corp. in Evansville.
MoreWith bear market raging, are stocks priced right?
February 23, 2009
Ken SkarbeckLooking past all the bad news, a forward-thinking investor should be asking: Just how cheap are U.S. stocks?
MoreSeasoned stock pros size up slump
February 23, 2009
Sam StallMedia pundits regularly call the current economic crisis the worst since the Great Depression. One of the few Indianapolis
financial experts who's actually qualified to make such a comparison is Donald C. "Danny" Danielson, the 89-year-old vice
chairman of City Securities Corp.
MoreSmall Business Administration grants loans to Indy businesses
February 23, 2009
These businesses have received loans from financial institutions with a guarantee from the SBA.
MoreA showy millionaire faces spate of lawsuits
February 16, 2009
Greg AndrewsA recent spate of lawsuits, filed by a who's who of Indianapolis businessmen, exposes cracks in Tim Durham's veneer of opulence.
MoreGold has been glittering next to other commodities
February 16, 2009
It may be that gold is now beginning to reassert itself into the role it was meant to play for manâ??the only true store of
value we have ever known.
MoreCIB could ask for $34 million in write-offs from Circle Centre investors to ease deficit
February 16, 2009
Cory SchoutenA group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write
off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
MoreStartup NICO raises another $1.73M
February 16, 2009
Indianapolis-based medical-device startup NICO Corp. has raised $1.73 million from investors.
MoreCorporate shareholders should demand more
February 9, 2009
Ken SkarbeckFree marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder
in a number of financial businesses.
MoreCredit crisis reverses student lender's growth
February 9, 2009
J.K. WallISM Loans is waiting to re-enter markets after halting its lending, changing its leadership and cutting 100 workers.
MoreStudy American financial history
February 9, 2009
Morton MarcusSociety must learn about the history of global markets in order to prevent further financial calamities.
MoreSome female small-biz owners anticipate boost from changes by new administration
February 9, 2009
Della PachecoSome local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief
at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
MoreCredit crunch creates bond crisis for CIB
February 9, 2009
Peter SchnitzlerThe Capital Improvement Board's $43 million in debts must be settled soon, or the entity may not be able to survive.
More'Two Million Minutes' begets India and China sequels
February 9, 2009
Angel investor Bob Compton has produced a pair of sequels to his 2007 documentary film "Two Million Minutes," which examined the differences between education in the United States, India and China.
Buy-and-hold a bad tactic in these market conditions
February 2, 2009
If world leaders don't quickly demonstrate the courage to stop printing money, the long term is shot. And since that courage
isn't likely to surface anytime soon, investors should rethink traditional strategies now.
MoreIndians stock price takes hit
February 2, 2009
Despite year-over-year revenue gains and robust earnings, the economic downturn has finally caught up with the Indianapolis
Indians.
MoreCarmel startup lands $12M in venture capital
January 19, 2009
Peter SchnitzlerCarmel startup Waterstone Pharmaceuticals Inc., which hopes to research drug components here and make them in China, has just
raised $12 million in venture
capital—despite the recession and a deep freeze in financial markets.
MorePenrod suspect had past brushes with the law
January 12, 2009
Kathleen McLaughlinAs an accounting student at Ball State University, Brandon J. Benker had a thirst for high-stakes gambling. But that didn't
keep Benker from landing a job with an Indianapolis accounting firm, or serving as treasurer of The Penrod
Society, a local not-for-profit that now alleges he took every penny of the $380,000 in its account.
MoreState's tech sector looking ahead, but cutting back
January 12, 2009
It's two steps forward, one step back, for Indiana's technology sector, but in a tough economic climate, any advancement is
worth celebrating.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!