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Banking & Finance
Sale of signature game Phase 10 sent Fundex into ditch
September 29, 2012
Greg AndrewsThe nightmare that culminated with the Plainfield-based company’s recent Chapter 11 bankruptcy filing began in the depths
of the financial crisis, when the company’s lender yanked its more-than-$10-million line of credit.
MoreSettlement allows Broadbent to keep downtown HQ
September 28, 2012
Scott OlsonThe Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement
with two banks that had filed a lawsuit to foreclose on the building.
MoreSEC accuses local firm of bilking investors out of $1.7M
September 26, 2012
Scott OlsonThe SEC’s complaint accuses three people of committing securities fraud by spending investor funds on luxury automobiles,
a motorcycle, a 30-foot boat, college tuition, home renovations, a wedding and a honeymoon in St. Lucia.
MoreNotices going to those eligible for mortgage settlement
September 25, 2012
Associated PressMore than 37,000 Indiana borrowers who lost homes to foreclosure soon will receive claim forms for payments under the national
mortgage settlement.
MoreStartup aims to take business cards into digital age
September 22, 2012
Andrea Muirragui DavisIndianapolis 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.
MoreOneAmerica unit using hybrid policies to grow long-term-care sales
September 22, 2012
Chris O'MalleyUsing banks as a sales channel also boosts business in what has been a languishing product segment.
MoreBasketball legend Robertson target of bank’s lawsuit
September 19, 2012
Scott OlsonOscar 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.
MoreBernanke's speech at Economic Club a coup for city
September 17, 2012
Scott OlsonThe 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.
MoreRising gas prices put a crimp in Americans' spending
September 16, 2012
Associated PressThe 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.
MoreAnalysis: In a crummy economy, why are stocks rising?
September 15, 2012
Associated PressEconomic 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.
MoreNew rules open door to ads for private placements
September 15, 2012
Kathleen McLaughlinIn 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.
MoreTIF expert is adviser to many municipalities
September 15, 2012
Scott OlsonLoren Matthes helped broker first tax-increment financing deal in the state
MoreCOHEN: Good reason to keep gold in diversified portfolios
September 15, 2012
Jeff Cohen / Special to IBJMetal is hedge against printing money, weakening currencies.
MoreVISKANTA: Big trends emerge from the lost decade for stocks
September 15, 2012
Tadas Viskanta / Special to IBJInvestors 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.
MoreAllison Transmission struggling to rev up investors
September 15, 2012
Greg AndrewsAfter the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing
a bargain.
MoreStocks open higher day after Federal Reserve move
September 14, 2012
Associated PressStocks 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.
MoreFed unveils bold, open-ended steps to aid economy
September 13, 2012
Associated PressThe 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.
MoreLocal financial planner sentenced for identity theft
September 11, 2012
IBJ StaffA 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.
MoreGame maker Fundex files for bankruptcy reorganization
September 11, 2012
Scott OlsonThe 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.
MoreAnswers on $526M in tax mistakes expected in December
September 10, 2012
Associated PressAuditors 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.
MoreSolar panel maker Abound to auction off assets
September 10, 2012
IBJ Staff and Bloomberg NewsAbound 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.
More'Knock on Wood' campaign boosts Farm Bureau brand
September 8, 2012
Chris O'MalleyThe 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.
MoreBanker takes stage as choir conductor
September 8, 2012
BMO Harris executive vice president will lead Indianapolis Symphonic Choir season debut.
MoreCNO stock hits 4-year high on recapitalization strategy
September 5, 2012
Bloomberg NewsCarmel-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.
MoreWellPoint plans debt offerings to fund Amerigroup acquisition
September 5, 2012
Bloomberg NewsIndianapolis-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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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.