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Banking & Finance
Stonegate 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.'
MoreJONES: Lessons for the 2013 IPO market from Facebook
March 2, 2013
Steve Jones / Special to IBJWith the Dow Jones industrial average and the Standard & Poor’s 500 index hovering at or near all-time highs, one
would think the stock markets would be highly receptive to initial public offerings in 2013, even if the economy disappoints.
MoreLocal housing projects get $3.4M boost from tax credits
March 1, 2013
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using
sites such as Fort Harrison and the former Central State grounds.
MoreCarmel family members accused of securities fraud
February 26, 2013
Scott OlsonThe Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors
in a scheme to sell ownership interests in rental properties.
MoreBank foreclosing on former charter school property
February 25, 2013
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay
off the $1.8 million balance on its mortgage.
MoreCritics of WellPoint choice may not be easily swayed
February 23, 2013
Greg AndrewsIt's way too early to declare the board dysfunctional for making a surprise choice—Joe Swedish, CEO of Michigan-based
hospital system Trinity Health—for the company’s new CEO.
MoreMarket's surge fuels wave of executives' insider selling
February 23, 2013
Kathleen McLaughlinInsiders at Indianapolis-area companies cashed in millions of dollars of their own companies’ shares this month, a selling
spree that might reflect growing sentiment the market rally is ending.
MoreUPDATE: First Internet slips 2.5 percent in debut on NASDAQ
February 22, 2013
Shares of the Indianapolis-based bank finished their first day on the NASDAQ exchange at $28.50, a 75-cent drop from their
opening price. The stock had been listed on the thinly traded over-the-counter market.
MoreFirst Internet plans 48 jobs in $4.3M Fishers office
February 19, 2013
Scott OlsonThe $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that
formerly housed the St. Vincent Health medical center.
MoreDoes hybrid-tech startup have investors too revved up?
February 16, 2013
Greg AndrewsEcho Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading
volumes can translate into wild swings in stock price.
MoreAllos Ventures raises $40 million for early-stage tech firms
February 16, 2013
Chris O'MalleyAllos Ventures has raised $40 million from local tech industry luminaries and others to invest in early-stage tech companies
in the Midwest, a segment that has seen funding dry up. The fund, Allos II, aims to invest $3 million to $7 million each in
about a dozen early-stage companies—not upstarts but those already generating solid revenue streams.
MoreIndiana tries to close loophole that helped Durham commit fraud in Ohio
February 16, 2013
The legislature is considering a bill that would require intrastate securities offerings to file audited financials, a safeguard
that caused trouble for Fair Finance investors.
MoreCNO Financial boosts fourth-quarter profit
February 11, 2013
The Carmel-based holding company for insurance firms reported fourth-quarter 2012 net income of $101.2 million, or 41 cents
a share. That was a 57 percent jump over the same quarter in 2011.
MoreRenamed Carmel financing firm planning big growth
February 1, 2013
Dealer Services Corp. in Carmel has begun operating as NextGear Capital after being acquired by Atlanta-based Manheim Inc.
NextGear plans to relocate in the next month and double its employment, to 450, in the next year.
MoreSimon unit suing Stir Crazy chain for unpaid rent
February 1, 2013
Scott OlsonThe owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant's closing late last month.
MoreFamilies sue to recover lost investments
February 1, 2013
Associated PressA central Indiana county commissioner, his wife and members of three other families who lost more than $700,000 they invested
in businesses state officials say were shell companies are suing two men accused of orchestrating the scheme.
MoreOld National's earnings highest since 2002
January 28, 2013
Kathleen McLaughlinOld National Bancorp's earnings rose 26 percent in 2012, to $91.7 million, its greatest since 2002, the Evansville-based
company announced Monday morning.
MoreChaCha secures $14M investment to expand services
January 28, 2013
Scott OlsonThe latest round of funding will enable ChaCha to make "significant" investments in new products to expand both mobile and
online services, CEO Scott Jones said. Internally, the project is dubbed "Go Big."
MoreHillenbrand diversifies by growing whole new business
January 26, 2013
Kathleen McLaughlinCasket company turns heads with aggressive foray into equipment manufacturing.
MoreAPPEL: Mergers and acquisitions will accelerate by midyear
January 26, 2013
Savvy Indiana business owners rightly wonder about the merger-and-acquisition and capital market outlook for 2013. Unfortunately,
it is likely mixed, with a sluggish outlook for the first half of the year. However, many hope that, by midyear, there will
be a pickup to end the year strong.
MoreIndianapolis-area mergers and acquisitions in 2013
January 26, 2013
IBJ StaffLack of a disclosed price kept these deals off of Indianapolis Business Journal's list of deals.
MoreS&P 500 in longest winning streak since 2004
January 25, 2013
Associated PressThe Standard & Poor's 500 index closed above 1,500 on Friday for the first time since the start of the Great Recession
in 2007, lifted by strong earnings from Procter & Gamble and Starbucks.
MoreMichigan lawyer claims Indiana prosecution was political
January 25, 2013
Associated PressA Michigan attorney claims in a lawsuit that former Indianapolis prosecutor Carl Brizzi and former Indiana Secretary of State
Todd Rokita used unwarranted charges against her in a cemetery theft scheme to enhance their political reputations.
MoreITT suffers tough quarter on enrollment drop, loan losses
January 24, 2013
J.K. WallITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5
million loss in the fourth quarter. But the stock rebounded strongly later Thursday.
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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.