Investing

Disappointing quarter puts WellPoint brass on hot seatRestricted Content

February 11, 2012
Greg Andrews
Analysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing of its Medicare Advantage senior coverage.
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Republic shareholders cheer plans to shed FrontierRestricted Content

February 11, 2012
 IBJ Staff
A $120 million restructuring that included job cuts and cost reductions has returned Frontier Airlines to profit, allowing Republic to move ahead with the separation.
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Trustee seeks $1B from Fair Finance's lenders

February 8, 2012
Greg Andrews
Fair Finance Co.’s bankruptcy trustee finally has found some deep pockets to go after in his quest to recover money for the small-time Ohio investors who lost more than $200 million when the Tim Durham-led company failed two years ago.
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Latest Fair suits target Kato Kaelin, playmate, many others

February 7, 2012
Scott Olson
A former Playboy playmate, a well-known rapper and local businessmen are among the defendants in a barrage of lawsuits filed by a bankruptcy trustee trying to collect funds for investors of Fair Finance Co., the defunct Ohio firm led by Tim Durham.
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ExactTarget's IPO plan could draw out suitorsRestricted Content

January 28, 2012
Greg Andrews
Firms pursuing IPOs simultaneously investigate the possibility of a sale as a matter of course, in part because doing so helps investment bankers assess how they should price shares if they pull the trigger on an offering.
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Governor's Fair Finance settlement yields just $3,000

January 24, 2012
Greg Andrews
Court papers show the Mitch for Governor Campaign Committee isn't paying more in a settlement with Fair Finance Co.’s bankruptcy trustee because it has just $3,500 left.
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Fair trustee sues Durham's mother for $831,000

January 22, 2012
Greg Andrews
The lawsuit alleges Mitza Durham of Seymour received 58 checks or wire transfers from the indicted financier from February 2006 through November 2009.
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Financial maneuvers give Emmis new lease on lifeRestricted Content

January 21, 2012
Greg Andrews
The company has made tremendous progress in recent weeks addressing problems that have scared off investors and pushed the price of its common stock below $1.
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State Republican committee agrees to Durham settlement

January 16, 2012
The Indiana Republican State Committee has agreed to pay back $87,875 in political contributions it received from indicted financier Tim Durham. In addition, a political group supporting Gov. Mitch Daniels agreed to a $10,000 settlement.
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Former Hoosier sentenced in Florida Ponzi case

January 12, 2012
Developer Sydney "Jack" Williams received one year in prison and a $25,000 fine for failing to report millions of dollars he received in commissions related to a Florida investment scheme.
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Simon chasing title of state's most valuable companyRestricted Content

January 7, 2012
Greg Andrews
David Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
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Healthx receives $22M capital infusion

January 6, 2012
Frontier Capital in Charlotte, N.C., provided the funding that will support the continued expansion of Healthx, a local provider of online health care portals.
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SKARBECK: Despite problems, U.S. still land of opportunityRestricted Content

December 31, 2011
Ken Skarbeck
Yes, America struggles with instances of poverty, unemployment and other hardships. But we also have the freedom and the opportunities available to improve our standard of living.
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Latest Fair Finance suits target Durham associates

December 27, 2011
Greg Andrews
Defendants include companies affiliated with Indianapolis restaurateur Henri Najem, the rapper Ludracis and former Indianapolis Colts quarterback Blair Kiel.
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Durham's attorney alleges feds abused wiretaps

December 21, 2011
Greg Andrews
Indicted financier Tim Durham's attorney alleges "the government has engaged in a course of conduct that ... constitutes gross misconduct so severe that dismissal is warranted."
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Valuing ExactTarget a hit-or-miss exerciseRestricted Content

December 17, 2011
Greg Andrews
Appraisals of private companies are inherently dicey, especially if they're not making money.
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CME Group says it's staying in Illinois

December 16, 2011
 IBJ Staff and Associated Press
Illinois Gov. Pat Quinn on Friday signed tax-break legislation designed to keep the Chicago Mercantile Exchange and Sears Holding Co. from fleeing the state. CME had talked to Indianapolis officials about moving to central Indiana.
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Feds: Hauke OK'd disastrous real estate investments

December 14, 2011
Greg Andrews
Prosecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and using new investors’ money to fund withdrawals.
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Investment adviser Hauke agrees to plead guilty in $7M fraud

December 13, 2011
Greg Andrews
Prosecutors accused Hauke of losing millions on Michigan real estate investments, then hiding those losses from clients.
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Biglari set to make big move on Cracker Barrel

December 9, 2011
Associated Press
Cracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak n Shake, is seeking a seat on the company's board of directors.
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Carmel also likely competing for CME Group

December 5, 2011
Scott Olson
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange's description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
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ExactTarget has remade itself since last IPO bidRestricted Content

December 3, 2011
Greg Andrews
Things change so fast in the technology world that the prospectus ExactTarget Inc. filed four years ago when it first sought to go public reads today almost like something from the floppy-disk era.
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Indianapolis courts Chicago Mercantile Exchange

December 2, 2011
 IBJ Staff and Associated Press
Indianapolis' mayor has met with top executives of the Chicago Mercantile Exchange to discuss bringing the 163-year-old financial market to Indiana's largest city. A move would mean hundreds of jobs for Indianapolis.
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Bond banks in Indiana, other states boost sales

November 30, 2011
 IBJ Staff and Bloomberg News
State municipal-bond banks in Indiana, Vermont, Maine and New Hampshire plan to issue about $190 million in debt this week, as smaller communities seek to take advantage of 10-year interest rates near a six-week low.
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Angie's List falls below offer price, adding to woes of new IPOs

November 30, 2011
Bloomberg News
Angie’s List Inc. fell 9.2 percent on Tuesday, dropping below its initial public offering price for the first time and joining a crop of Internet companies that have lost value since their IPOs this year.
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  1. Poor little LadyJ! Typical Democommie. In case it got past you, the dems have totally screwed this country in the past 3+ years. We have a democommie in the White House who apparently never read the Constitution, while claiming to be a constitutional scholar. We had a democommie-controlled Congress (opposite of PROGRESS?)passing bills that "we'll have to pass before we know what's in it". This impostor president has violated the U. S. Constitution too many times to count. The Attorney General is a race-baiting gunrunner that refuses to stop illegal immigration. And, the head of NASA, a once-proud agency that put several men on the moon, is now our liason to the murderous Muslims. Great job, democommies! Sometimes I wish they really would try to take our guns.

  2. Pat Bauer try t do right about the state but the Republican leader and all of them did not think of us. Only the money they will get from their rich corporation. Of Course the Democrats had union, so I won't vote for Bosma or whatever his name is.

  3. Well you are talking about Republican, did all of the Damage in this state. Sure the Democrats did some but most is the Republican. The Republican set us back not going forward. Hurry passed bills won't listen to any amendment our way only. The Republicans drew up these district so they could win again. Which is a crying shame. I will not vote for any Republican and I got the list who voted for the RTW Bill and who didn't. Tired of the Republicans

  4. Actually, it was Greenspan who encouraged the elderly to refinance their homes, using their equity to boost the economy after 9/11. In addition, it was George Bush and Barney Frank who jointly suggested that everyone should hold a piece of the rock. It was the Bush Administration, namely Treasury Secretary Paulson who deregulated Wall Street and Lenders such as Countrywide, Washington Mutual, Wachovia, Bank of America, and Wells Fargo. When the TARP Bailout Proposal went to Capitol Hill in October 2008, Treasury Secretary Paulson asked for, and received, full immunity from future prosecution, dating back to his time as CEO of Goldman Sachs, the co-recipient of the initial $350 Billion Dollar Tarp Bailout Payment for Wall Street, back in October 2008. It was the US Treasury and the Federal Reserve, both controlled by the Bush Administration, that created sub-prime mortgages, starting in 2004. Many members of the House and Senate, on both sides of the aisle, benefited from home mortgage refinancing. Banks, appraisers, and realtors pushed people into home mortgages they had no business accepting, based on claims that the housing market would only get better. Average Americans did not create Credit Default Swaps, I think those creations happened on Wall Street. Spend some time at the library, you will be shocked by what your research brings forth.

  5. They need to pay their fines and the judge blocking the fines needs to be investigated. I'm sick and tired of democrats and their spending. We went broke with every dem as gov. too. Pat Bauer needs to go!

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