May 18, 2013
Dan HumanAn Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners
pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116
million.
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May 14, 2013
IBJ StaffMichael Russell, 54, pleaded guilty in January to 20 counts of wire fraud and money laundering in a scheme involving former
Indianapolis City-County Councilor Paul Bateman.
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May 13, 2013
Greg AndrewsThe acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100
offices.
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May 9, 2013
Chris O'MalleyShareholders in Carmel-based Merchants will receive stock that was valued at $98.3 million before the announcement of the
deal caused a huge spike.
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May 3, 2013
Associated PressA stronger-than-expected pickup in hiring last month lifted the stock market early Friday, pushing the Dow Jones industrial
average above 15,000 and the Standard and Poor's 500 index above 1,600 points for the first time.
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April 27, 2013
Greg AndrewsMany of the defendants pursued by Brian Bash and his team have few, if any, assets. And those that do have the wherewithal
to fight litigation for years.
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April 27, 2013
Dan HumanGetting $50,000—often from friends and relatives—to develop a product and set up a company still is easy enough
in Indiana, small-business leaders and venture capitalists say. But once a firm needs a few million dollars to grow into a
revenue-generating operation, the area can’t compete with Silicon Valley’s magnetism for venture capital.
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April 16, 2013
Associated PressGood news on housing and earnings Tuesday morning helped stocks recover from a dismal Monday, when stocks suffered their biggest
one-day decline since November.
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April 15, 2013
Associated PressThe Dow Jones industrial average tumbled 265.86 points Monday to close at 14,599.20, a decline of 1.8 percent.
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April 13, 2013
Greg AndrewsThe company this month filed papers gave option holders the right to exchange their current holdings for new options with
an exercise price set at the current market price.
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April 13, 2013
The Indiana Public Retirement System recently issued a request for proposals from international fixed-income managers and
received 16 responses by the April 5 deadline. The $27.1 billion retirement system will hire two managers to oversee $900
million.
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April 6, 2013
Greg AndrewsFortunately, a Lilly takeover looks less likely today than it has in a long time—for both obvious and more subtle reasons.
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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.
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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.
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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.
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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.
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March 23, 2013
Greg AndrewsInvestors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.