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Investing
'Cliff' deal sends stocks up, but problems lurk
January 2, 2013
Associated PressThe "fiscal cliff" compromise, even with all its chaos, controversy and unresolved questions, was enough to send
the stock market shooting higher Wednesday, the first trading day of the new year.
MoreFormer brokerage VP suing for sex, age discrimination
December 27, 2012
Dan HumanAttorneys for Dana Hurst say in a Dec. 20 court filing that David A. Noyes & Co. didn't grant her pay increases or year-end
bonuses during her last 15 years on the job, while male counterparts were better rewarded.
MoreRemy rises in first day of trading on NASDAQ exchange
December 13, 2012
Shares of the Pendleton-based company opened Thursday at $15.85 each and climbed to $16.50 by the end of the day. The stock
had previously been listed on the thinly traded pink sheets.
MoreInvestors let down guard, opening door to Durham fraud
December 8, 2012
Greg AndrewsShouldn’t the 5,100 Ohio investors who lost more than $200 million when Fair collapsed have seen Fair’s lofty
interest rates as a red flag?
MoreMidwest Energy oil firm drilling for $15M
December 8, 2012
Chris O'MalleyAn Indianapolis investment advisory oil firm has been looking for blowouts in its own back yard. Midwest Energy Partners is
preparing for its seventh—and largest—round of funding to pay for oil drilling in southwestern Indiana and southeastern
Illinois.
MoreSuccessful Durham appeal unlikely, outside lawyers say
December 3, 2012
Scott OlsonLocal criminal defense lawyers who tracked the trial of Tim Durham and his accomplices say chances are slim that they would
prevail on appeal. One said Durham would have a better chance of winning the lottery.
MoreDurham gets 50 years for fraud scheme
November 30, 2012
Greg Andrews, Scott Olson, Cory SchoutenFormer Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the
collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years
and 10 years, respectively.
MoreKAR Auction Services declares first dividend
November 30, 2012
Associated PressCarmel-based KAR Auction Services Inc. is declaring its first quarterly dividend since going public in December 2009.
MoreDurham fate rests in judge's hands
November 29, 2012
Cory SchoutenConvicted Ponzi schemer Tim Durham and two accomplices will find out Friday whether they will spend the rest of their lives
in prison.
MoreProsecutors: Durham, accomplices deserve life sentences
November 27, 2012
Scott OlsonSaying their crimes were "as serious as any financial fraud crime ever committed," federal prosecutors re-emphasized Monday
their recommendation that Ponzi schemer Tim Durham and his two accomplices deserve to spend the rest of their lives in prison.
MoreDurham asks court for five-year sentence
November 26, 2012
Scott OlsonConvicted Ponzi schemer Tim Durham is requesting a much shorter prison stay than the life sentence federal prosecutors want
him to serve. The convicted Ponzi schemer and two associates are set to be sentenced Friday.
MorePliant Ohio regulators helped clear path for Durham's fraud
November 24, 2012
Greg AndrewsThe Ohio Division of Securities allowed Fair Finance to register investment certificates even after the company stopped providing
audited financials and Tim Durham drained more than $100 million from the firm through insider loans.
MoreCarmel project dogged by conflict questions
November 17, 2012
Kathleen McLaughlinAn executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project
was driven by conflicts of interest.
MoreExecutives backing push to launch pro soccer team
November 17, 2012
Anthony SchoettleA group of Indianapolis business executives is laying the groundwork to launch a professional soccer team here in 2014. Members
of the group won’t identify themselves, but this month they launched a website—indyprosoccer.com—seeking
season-ticket commitments.
MoreHealth insurance stocks flop after Obama wins second term
November 8, 2012
Associated PressHealth insurance stocks sank deeper than the broader market Wednesday after President Barack Obama's re-election helped
clarify the future of his health care overhaul, a sweeping law that some investors fear will pinch profits.
MoreInvestor accused of defrauding burned-down church
November 8, 2012
Associated PressFederal prosecutors have filed fraud charges against an investor who they say misspent nearly $400,000 that leaders of an
Indianapolis church gave him as it tried to raise more money to rebuild from a fire.
MoreWellPoint shares droop despite profitable quarter
November 7, 2012
Bloomberg NewsWellPoint Inc.'s third-quarter earnings trumped Wall Street expectations, but the health insurer's stock tumbled Wednesday
after President Barack Obama won re-election, a victory that could help cement the future of his health care overhaul.
MoreStocks rise as investors wait for a winner
November 6, 2012
Associated PressMajor stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
MoreSpeech recognition technology firm gets cash infusion
November 3, 2012
Waveform Communications LLC got its second round of funding for research and development.
MoreIndianapolis accounting firm settles with Fair Finance trustee
November 1, 2012
Kathleen McLaughlinSomerset CPAs PC will pay $500,000 to settle litigation brought by the bankruptcy trustee of Fair Finance Co., the Ohio-based
firm that convicted financier Tim Durham used to conduct a major Ponzi scheme.
MoreDurham lawyer balks at proposed 225-year sentence
November 1, 2012
Greg AndrewsThe attorney for convicted Ponzi schemer Tim Durham argues that the presentencing report miscalculates the losses suffered
by investors, includes a range of allegations that weren’t proven at trial and blames his client for events outside
his control.
MoreIndiana businessman admits guilt in 2 fraud plots
October 29, 2012
Associated PressAn Indiana businessman has pleaded guilty to ripping off an Iowa company and duping investors in separate fraud schemes totaling
$2.3 million.
MoreStorm will keep financial markets closed Tuesday
October 29, 2012
Associated PressStock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading
will also be closed.
MoreRapid rise of ExactTarget uplifting for young techies
October 27, 2012
Greg AndrewsIn just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company
with a market value of $1.5 billion.
MoreStocks hammered by weak earnings reports
October 23, 2012
Associated PressStocks sank sharply Tuesday morning, driving major indexes to their lowest point since early September, after big-name companies
reported weak quarterly earnings and lowered their expectations for the rest of the year.
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I'm sure there are others, but his name automatically came to my mind
Houdini
magician on the court
STEVE MARTIN - funny magic
It has to be Houdini!