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Banking & Finance
Judge gives Emmis OK to hold shareholder vote
August 31, 2012
Scott OlsonA 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.
MoreNorth-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.
MoreFormer Durham exec ordered to pay $30,000
August 22, 2012
Scott OlsonFormer Obsidian Enterprises Inc. President Terry Whitesell will pay the amount as part of a settlement agreement. A bankruptcy
trustee representing investors of Fair Finance Co., owned by convicted financier Tim Durham, had sought more than $225,000
from Whitesell.
MoreTruck fleet insurer's move to diversify gains traction
August 18, 2012
Chris O'MalleySales of professional liability products are still a small part of total revenue but could reach $50 million by the end of
2013.
MoreFed chairman Bernanke sets Indianapolis speech
August 17, 2012
Associated PressFederal Reserve Chairman Ben Bernanke is scheduled to visit Indianapolis this fall to speak before the Economic Club of Indiana.
MoreOld National to close nine branches in Indianapolis area
August 16, 2012
J.K. WallEvansville-based Old National Bank will close nine Indianapolis-area branches near the end of the year and consolidate them
into nearby branches in a move to streamline its operations.
MoreIndiana pensions hit as economic doldrums continue
August 14, 2012
Associated PressIndiana pension funds took a temporary hit last year and may not rebound as much as public workers would like, based on long-term
economic trends outlined for lawmakers Tuesday.
MoreAngie’s List shares plunge to record low after lockup ends
August 14, 2012
Bloomberg NewsShares in Indianapolis-based Angie’s List Inc., the consumer-review website company, plunged to a record low after a
ban was lifted on stock sales by some of the company’s biggest investors.
MoreIndiana pension system is country's most conservative
August 11, 2012
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first
large pension system in the country to go below 7 percent.
MoreThree local accounting firms crack national top-100 list
August 11, 2012
Blue & Co. LLC, Katz Sapper & Miller LLP and Kemper CPA Group LLP are the only three locally based accounting firms
to make Inside Public Accounting’s latest annual top-100 list.
MoreAllison Transmission sets rate on $500 million loan
August 9, 2012
Bloomberg NewsAllison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate
it will pay on a $500 million term loan the company is seeking to refinance debt.
MoreCentre Properties retail center hit with $7M foreclosure suit
August 9, 2012
Scott OlsonIndianapolis-based developer Centre Properties is the target of another foreclosure suit, this one involving Pyramid Place
Shoppes, a retail center in a busy shopping area on the city's northwest side.
MoreNational, state foreclosure starts on the rise
August 9, 2012
Bloomberg News, Associated PressThe number of homes that received an initial notice of default — the first step in the foreclosure process — increased
6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
MoreKeyCorp's big bet on Indianapolis paying off
August 4, 2012
Greg AndrewsOver the last three years, Key has invested millions to add 13 central Indiana branches, bringing the total to 46.
MoreRENNINGER: Community bankers fret a lot these days
August 4, 2012
Mike Renninger / Special to IBJSeveral strong headwinds make future viability of many smaller institutions a questionable proposition.
MoreCONNER: Uncertain times in the merger and acquisition market
August 4, 2012
Doug Conner / Special to IBJDealmakers are in a period of unprecedented uncertainty. Several factors are contributing. Here are questions I get.
MoreSome banks beginning to raise dividends
August 4, 2012
Scott OlsonSome of the most telling signs that banks finally may be recovering from the economic downturn are their decisions to begin
increasing dividends.
MoreBaldwin & Lyons sees quarterly profit on fewer disasters
August 2, 2012
IBJ StaffIndianapolis-based Baldwin & Lyons Inc. on Thursday reported a profitable second quarter, a year after a series of major
natural catastrophes caused a big loss for the transportation industry insurer.
MoreOld National reports higher profit, revenue
July 30, 2012
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and
revenue in the second quarter, the company said Monday morning.
MoreWeb startup aims to connect private businesses, investors
July 28, 2012
Andrea Muirragui DavisPrivate firms that need to raise relatively modest amounts of capital have a hard time finding money. Now three Indianapolis
entrepreneurs think they have the answer: crowdfunding. Individuals make small investments that are aggregated to fund a business.
Indianapolis-based Localstake wants to be the matchmaker.
MoreIndiana life sciences companies rethink innovation
July 28, 2012
J.K. WallResearch and development comes under pressure in an age of austerity.
MoreBrightPoint merger talks driven by 'deal certainty'
July 28, 2012
Greg AndrewsWhen BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick
to cash out while the going was still good.
MoreState pensions' strategy shift causes manager fees to rise
July 28, 2012
Kathleen McLaughlinThe $25.3 billion Indiana Public Retirement System is in the midst of hiring managers to carry out a strategy where more money
will be in hedge funds, private equity and real estate than stocks.
MoreTreasury gives TARP banks more time to consider their options
July 28, 2012
Banks now have until October to avoid having preferred shares auctioned by federal government.
MoreSallie Mae plans to add 200 jobs in Muncie
July 27, 2012
The jobs are part of a $5 million expansion in which the company will add 20,200 square feet of space to its offices in Muncie.
When finished next summer, the 75,000-square-foot facility will house 900 employees.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.