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Banking & Finance
First Internet Bancorp jumps into dividend game
April 6, 2013
The parent of First Internet Bank late last month declared a dividend of 6 cents per common share payable April 15 to shareholders
of record April 1.
MoreCarmel financial adviser accused of using faith to prey on victims
April 1, 2013
Associated PressA central Indiana man banned from selling investments faces 10 securities fraud counts for allegedly using shared Christian
beliefs to dupe clients out of more than $580,000.
MoreS&P 500 closes with record high, beating 2007 mark
March 28, 2013
Associated PressFor the second time in less than a month, the stock market marched past another milepost on its long, turbulent journey back
from the Great Recession.
MoreBonuses drive up compensation for Lilly's top brass
March 25, 2013
J.K. WallEli Lilly and Co. granted larger bonuses to its top five executives early this year, which boosted their 2012 compensation
anywhere from 3 percent to 8 percent.
MoreUrban biz accelerator giving leg up to startups
March 23, 2013
Andrea Muirragui DavisIndianapolis-based startup Dreamapolis is finalizing the details of its first Dreamapolis Accelerator class, a 12-week crash
course designed to help high-potential urban businesses get up to speed quickly.
MoreSteak n Shake’s value menu isn’t all that looks cheap
March 23, 2013
Greg AndrewsInvestors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
MoreTwo of city's largest credit unions set to merge
March 22, 2013
Chris O'MalleyHorizon One Federal Credit Union, founded in 1949 to serve General Motors metal-stamping plant employees in Indianapolis,
is merging with Financial Center Credit Union.
MoreFortune can't explain 'significant and unusual' stock swing
March 19, 2013
Jeff NewmanFortune Industries Inc. shares on Monday jumped as much as 285 percent from Friday’s closing price. The New York Stock
Exchange found the move and an intense spike in trading volume so odd that it asked the company for answers.
MoreITT fights to stem tumbling enrollment
March 16, 2013
J.K. WallA federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which
is trying to reverse a precipitous decline in enrollment.
MoreJudge says bank can pursue suit against broker
March 15, 2013
Scott OlsonA federal judge granted Peoples Bank a victory Thursday by ruling that it can sue Stifel Nicolaus & Co. on its claims that
the broker violated the Indiana Securities Act and committed fraud.
MoreIndiana mutual fund ranked No. 1 by Lipper
March 15, 2013
IBJ StaffKirr Marbach & Co., one of the state's few home-grown mutual funds, has been honored by Lipper Inc. for having the
best multi-cap core fund out of 647 funds over a three-year period.
MoreIndiana officials warn investors about British firm
March 15, 2013
Associated PressThe secretary of state's office is cautioning investors about a company that promises low risks and high returns but isn't
registered to sell securities in Indiana.
MoreMH Equity portfolio firm plans liquidation
March 14, 2013
IBJ Staff and Bloomberg NewsWhat was once Indianapolis-based MH Private Equity's most valuable portfolio company is going bankrupt. Entertainment
Publications LLC, which produces fundraiser coupon books, filed for Chapter 7 liquidation Tuesday.
MoreState audit finds Beech Grove finances in disarray
March 12, 2013
Kathleen McLaughlinMayor Dennis Buckley requested the audit in March 2012 after uncovering a range of problems, including missing files and delinquent
loans in the Main Street program.
MoreLand bank bill likely heading for study committee
March 11, 2013
Kathleen McLaughlinRep. Ed Clere, R-New Albany, said his bill on land banks may have tried to tackle too many issues involving abandoned housing,
including Indiana’s tax-sale process.
MoreMenard ousts Hilbert from investment firm
March 9, 2013
J.K. WallSteve Hilbert has been ousted as CEO of Indianapolis-based MH Private Equity after a bitter battle with John Menard, the hardware
store king who financed the $500 million private equity firm.
MoreDow record doesn't impress Wall Street workers
March 6, 2013
Associated PressThere were no signs of a celebration on Wall Street after the Dow Jones industrial average closed at an all-time high Tuesday.
Maybe the memories of the financial meltdown are too fresh, or outlook for the economy is too uncertain.
MoreDow Jones industrial average closes at record
March 5, 2013
Associated PressThe Dow Jones industrial average closed at a record Tuesday, beating the previous high it set in October 2007, before the
financial crisis and the Great Recession.
MoreCarmel auto-dealer lender plans to add 169 workers
March 4, 2013
J.K. WallCarmel-based NextGear Capital plans to add 169 jobs at a new office in Carmel, the company announced Monday morning.
MoreLampoon: Durham used $1M from company to pay attorney
March 4, 2013
J.K. WallFilm company once headed by Indianapolis financier Tim Durham says he transferred $1 million to his Indianapolis lawyer, John
Tompkins, while fighting federal securities fraud charges.
MoreCarlyle to manage $150M investment fund for Indiana
March 4, 2013
Bloomberg NewsWashington, D.C.-based Carlyle Group LP, the world’s second-biggest private-equity firm, was awarded a contract to manage
a new $150 million investment fund on behalf of the Indiana Public Retirement System.
MoreKAR Auction Services announces secondary offering
March 4, 2013
Associated PressKAR Auction Services Inc. said Monday that there will be a secondary offering of 13 million shares of its common stock.
MoreFirst Internet Bank leverages online roots
March 2, 2013
Kathleen McLaughlinThe Indianapolis-based bank, launched just 14 years ago, is reaching all-time highs in assets and profitability and plans
to become a $1 billion institution by 2015.
MoreStonegate Mortgage raising new round of funding
March 2, 2013
Norm HeikensFast-growing Indianapolis company is pushing to fill a vacuum in the housing market.
MoreLANGFORD: Banks must move toward greater access, flexibility
March 2, 2013
Kevin Langford / Special to IBJConsumers want more than 'one message fits all.'
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Just because someone supports the project, they are a PR shill for the developer? Myself and everyone I know has no connection whatsoever to any developer. We just want Broad Ripple to move forward and develop, not stay stagnant.
And the failure on the part of Indiana GOP to allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes?
It would have been nice if they could have arranged for at least some of Zaxby's menu to be sold at the concession stands as part of the marketing campaign.
Get the feeling Browning has some PR presence on the message board this morning. I don't know a single person in the neighborhood who supports this project.
Grew up in Warfleigh, which is the neighborhood directly across College from the proposed development. I am against the proposed project for several reasons: 1) Traffic Flow -- College is already a mess, especially with the new lane guidance which makes the southbound left lane 'turn only' at Broad Ripple Ave. Not to mention the backups at 64th and College. If this is in fact a Whole Foods, I would expect a steady stream of cars pulling in and out, either off College or 64th Street which are both bad already. 2) Use of TIF funds. I though TIF funds were for under-developed areas, to help bolster property tax rolls for the city. I agree with Barth that this area will do just fine letting market forces dictate what is developed. 3) Specialty Grocer Overkill. There is already a Fresh Market a mile south and a Whole Foods 2 miles north. This store is not needed. Frankly I shocked that the Whole Foods site selection criteria supports a store right here 4) Hurts the Character of the Neighborhood. This type of development, along with the (hideous) parking garage down the street are out of character with the history and fabric of this area. Broad Ripple has succeeded because it was quirky and different. It would be a shame if the city gets involved and helps support ANOTHER project that aims to turn Broad Ripple into some kind of manufactured urban center.