Banking & Finance

Indians stock price takes hitRestricted Content

February 2, 2009
Despite year-over-year revenue gains and robust earnings, the economic downturn has finally caught up with the Indianapolis Indians.
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Carmel startup lands $12M in venture capitalRestricted Content

January 19, 2009
Peter Schnitzler
Carmel 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.
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Penrod suspect had past brushes with the lawRestricted Content

January 12, 2009
Kathleen McLaughlin
As 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.
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State's tech sector looking ahead, but cutting backRestricted Content

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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Keeping calm in the financial stormRestricted Content

January 5, 2009
Peter Schnitzler
Many investors endured appalling financial losses this year, as markets soured and the economy slipped into recession. Now they're grieving over money once intended to fund retirement, their children's education or major philanthropic gifts.
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Basic investments are best for Indiana pension fundsRestricted Content

January 5, 2009
John Guy
IBJ reported in November that the Indiana Public Employees Retirement Fund will allocate 15 percent to 30 percent of its investments in "alternatives." Unfortunately, the term means nothing to those of us outside PERF and probably confuses PERF itself.
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Others to blame for woes? Try looking closer to homeRestricted Content

January 5, 2009
Paul Coan
Investors were mad as hell last year as they watched their portfolios melt. And who can blame them? But even after holding Wall Street, banks and the government accountable, these investors should look in the mirror.
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Biotech venture fund in worksRestricted Content

January 5, 2009
Peter Schnitzler
BioCrossroads is setting the stage to create Indiana Future Fund II, an effort that would raise tens of millions of dollars for speculation on promising Hoosier life science companies.
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Indiana banks accepting TARP fundingRestricted Content

December 29, 2008
Cory Schouten
Many of Indiana's banks jumped at the chance to apply for a share of the federal government's capital-infusion program, and ones that win approval likely will accept the funds designed to shore up still-healthy financial institutions.
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Recession, lockdown of credit hammers businesses of all sizesRestricted Content

December 29, 2008
Cory Schouten
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central Indiana felt the pain.
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Stock markets weather historic plungeRestricted Content

December 29, 2008
Greg Andrews
Unless markets surge in the final days of the year, 2008 will go down as the worst year for stocks since the Great Depression.
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High-flying Premier Properties crashes

December 29, 2008
Cory Schouten
The founder of local real estate firm Premier Properties USA Inc. saw his company falter this year and faced three felony charges in connection with its downfall.
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Time to close book on '08, and not a moment too soonRestricted Content

December 29, 2008
Ken Skarbeck
For investors across the globe, most would agree that 2008 was an annus horribilis. Anyone with a vague recall of Latin will arrive at the translation of "horrible year."
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Turmoil forces National City saleRestricted Content

December 29, 2008
Cory Schouten
After a 17-year run in Indianapolis, National City's trademark green signs are set to be replaced with the blue of Pittsburgh-based PNC Financial.
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Twice-bankrupt ATA finally foldsRestricted Content

December 29, 2008
Chris O'Malley
Any hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed April 2, when it filed for bankruptcy and ceased operations.
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Conseco's investment loss of $96 million 'pretty good' by comparisonRestricted Content

December 22, 2008
J.K. Wall
Eric Johnson, Conseco Inc.'s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises of the investing world over the last 18 months.
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Stitle: Bank's sale to PNC fuels 'burst of adrenaline'Restricted Content

December 15, 2008
Greg Andrews
"I have no intention of retiring â?? now or ever," said Steve Stitle, CEO of National City Bank in Indiana, after the bank was purchased by PNC Financial.
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Givers get strategicRestricted Content

December 15, 2008
 Wealthy people are getting more advice from hired professionals and less from peers and not-for-profit personnel when making decisions about charitable giving, a new study shows.
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Weird yields for Treasuries evidence of investor angstRestricted Content

December 15, 2008
Ken Skarbeck
A large number of investors are so fearful these days that they have flocked to the safest securities, pushing down interest rates to virtually nothing.
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Bold bets on Hoosier firms yield horrific results so farRestricted Content

December 8, 2008
Greg Andrews
The millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value, leaving them way, way below break-even.
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Lease-to-own options becoming more popularRestricted Content

December 8, 2008
Chip Cutter
With credit tight and the economy shaky, homeowners around the region are increasingly choosing to sell their properties on a lease-to-own basis.
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Diesel dip in price not fueling trucking recoveryRestricted Content

December 8, 2008
Scott Olson
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they're back on the road to recovery.
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Worst fallout to come in waning days of recessionRestricted Content

December 8, 2008
Mike Hicks
The Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated the recession back to the fourth quarter of 2007.
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State public company execs grab up stock as prices fallRestricted Content

December 1, 2008
J.K. Wall
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana public companies to scoop up shares in their own companies.
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Study says most U.S. pensions are poised to recoverRestricted Content

December 1, 2008
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
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