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Banking & Finance
Bernanke makes strong defense of Fed rate policies
October 1, 2012
Associated PressIn a speech in Indianapolis, Chairman Ben Bernanke offered a sharp defense Monday of the Federal Reserve's bold policies
to stimulate the weak economy, while cautioning Congress to respect its private discussions.
MoreReceiver appointed to manage troubled Century Building
October 1, 2012
Scott OlsonA Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is
facing foreclosure. A lender to the building's owner claims it is owed $10.5 million.
MoreSale 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.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.