January 12, 2009
It's two steps forward, one step back, for Indiana's technology sector, but in a tough economic climate, any advancement is
worth celebrating.
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January 5, 2009
Peter SchnitzlerMany investors endured appalling financial losses this year, as markets
soured and the economy slipped into recession. Now they're grieving over money once intended to fund retirement, their children's
education or major philanthropic gifts.
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January 5, 2009
John GuyIBJ reported in November that the Indiana Public Employees Retirement Fund will allocate 15 percent to 30 percent of its investments
in "alternatives." Unfortunately, the term means nothing to those of us outside PERF and probably confuses PERF
itself.
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January 5, 2009
Paul CoanInvestors were mad as hell last year as they watched their portfolios melt. And who can blame them? But even after holding
Wall Street, banks and the government accountable, these investors should look in the mirror.
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January 5, 2009
Peter SchnitzlerBioCrossroads is setting the stage to create Indiana Future Fund II, an effort that would raise tens of millions of dollars
for speculation on promising Hoosier life science companies.
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December 29, 2008
Cory SchoutenMany of Indiana's banks jumped at the chance to apply for a share of the federal government's capital-infusion program, and
ones that win approval likely will accept the funds designed to shore up still-healthy financial institutions.
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December 29, 2008
Cory SchoutenStock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real
estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central
Indiana felt the pain.
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December 29, 2008
Greg AndrewsUnless markets surge in the final days of the year, 2008 will go down as the worst year for stocks since the Great Depression.
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December 29, 2008
Cory SchoutenThe founder of local real estate firm Premier Properties USA Inc. saw his company falter this year and faced three felony
charges in connection with its downfall.
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December 29, 2008
Ken SkarbeckFor investors across the globe, most
would agree that 2008 was an annus horribilis. Anyone with a vague recall of Latin will arrive at the translation of "horrible
year."
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December 29, 2008
Cory SchoutenAfter a 17-year run in Indianapolis, National City's trademark green signs are set to be replaced with the blue of Pittsburgh-based
PNC Financial.
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December 29, 2008
Chris O'MalleyAny hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed
April 2, when it filed for bankruptcy and ceased operations.
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December 22, 2008
J.K. WallEric Johnson, Conseco Inc.'s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises
of the investing world over the last 18 months.
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December 15, 2008
Greg Andrews"I have no intention of retiring â?? now or ever," said Steve Stitle, CEO of National City Bank in Indiana, after the bank
was purchased by PNC Financial.
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December 15, 2008
Wealthy people are getting more advice from hired professionals and less from peers and not-for-profit personnel when
making
decisions about charitable giving, a new study shows.
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December 15, 2008
Ken SkarbeckA large number of investors are so fearful these days that they have flocked to the safest securities, pushing down interest
rates to virtually nothing.
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December 8, 2008
Greg AndrewsThe millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value,
leaving them way, way below break-even.
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December 8, 2008
Chip CutterWith credit tight and the economy shaky, homeowners around the region are increasingly choosing to sell their properties on
a lease-to-own basis.
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December 8, 2008
Scott OlsonHampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they're back on the
road to recovery.
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December 8, 2008
Mike HicksThe Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated
the recession back to the fourth quarter of 2007.
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December 1, 2008
J.K. WallThe unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
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December 1, 2008
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
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December 1, 2008
Ken Skarbeckinvestors looking at business valuations likely will conclude there are companies selling at
prices less than their intrinsic values.
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December 1, 2008
Momentive Consumer Credit Counseling Services work to change lives by helping people gain financial stability.
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November 24, 2008
Chris O'MalleyPrivate employers that still offer traditional pension plans are getting a big shock as they assess how much more it will
cost to shoulder retirement obligations.
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Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.