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Investing
Scale Computing lands $12 million in VC funding
October 23, 2012
Chris O'MalleyScale Computing, a maker of data-storage devices that recently launched a “datacenter in a box,” has landed another
$12 million in venture funding.
MoreState going after underwriter of $5M Estridge offering
October 20, 2012
Greg AndrewsThe regulatory action is an outgrowth of a falling-out between Indiana Securities owner Frank Neese and Bank of Indiana, which
lost its entire $1 million investment when The Estridge Cos. collapsed.
MoreSmall law firm sees faith in WellPoint class-action suit pay off
October 13, 2012
Greg AndrewsA federal judge in June granted preliminary approval to a deal under which WellPoint Inc. would pay $90 million to settle
a lawsuit charging it undercompensated policyholders when it converted into a public company in 2001.
MoreJudge tosses out lawsuit blasting Irwin executives
October 6, 2012
Greg AndrewsA judge dismissed a lawsuit filed by Irwin Financial Corp.'s bankruptcy trustee, saying the only party with the right
to bring suit was the bank’s receiver, the Federal Deposit Insurance Corp. It didn't do so by last month's deadline.
MoreWellpoint raises $1.35B in first convertible offering since '99
October 3, 2012
Indianapolis-based WellPoint Inc. sold its first convertible securities in more than 13 years with a $1.35 billion offering
of 30-year bonds.
MoreSEC accuses local firm of bilking investors out of $1.7M
September 26, 2012
Scott OlsonThe SEC’s complaint accuses three people of committing securities fraud by spending investor funds on luxury automobiles,
a motorcycle, a 30-foot boat, college tuition, home renovations, a wedding and a honeymoon in St. Lucia.
MoreStartup aims to take business cards into digital age
September 22, 2012
Andrea Muirragui DavisIndianapolis entrepreneur Nick Carter thinks he’s found a way to eliminate the “black hole” of marketing
data: smart business cards that track how recipients use them.
MoreAnalysis: In a crummy economy, why are stocks rising?
September 15, 2012
Associated PressEconomic growth is pitiful. So why are the major stock indexes just a few percentage points shy of an all-time record? Start
with two words: Ben Bernanke.
MoreVISKANTA: Big trends emerge from the lost decade for stocks
September 15, 2012
Tadas Viskanta / Special to IBJInvestors are trying to get more bang for their buck and are unwilling to rely on the Wall Street firms, many of which helped
bring the global economy to its knees just a few short years ago, for their investment needs.
MoreCOHEN: Good reason to keep gold in diversified portfolios
September 15, 2012
Jeff Cohen / Special to IBJMetal is hedge against printing money, weakening currencies.
MoreAllison Transmission struggling to rev up investors
September 15, 2012
Greg AndrewsAfter the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing
a bargain.
MoreStocks open higher day after Federal Reserve move
September 14, 2012
Associated PressStocks opened higher Friday, on track to record one of their best weeks since June, after the Federal Reserve stepped in again
to help the disappointing economic recovery.
MoreWellPoint plans debt offerings to fund Amerigroup acquisition
September 5, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc., the second-biggest U.S. health insurer, is planning a four-part debt offering to help fund
its $4.9 billion acquisition of Amerigroup Corp, the insurer said Wednesday.
MoreEmmis vote strips preferred shareholders of dividends
September 4, 2012
Scott OlsonThe Tuesday vote by shareholders to wipe out $34 million in unpaid dividends to preferred shareholders follows a judge's Friday
decision to deny a request by the preferred shareholders to prevent a vote on the proposal.
MoreJudge gives Emmis OK to hold shareholder vote
August 31, 2012
Scott OlsonA federal judge on Friday gave Emmis Communications Corp. the green light to proceed with a shareholder vote that could wipe
out $34 million in unpaid preferred shareholder dividends.
MoreFormer Durham exec ordered to pay $30,000
August 22, 2012
Scott OlsonFormer Obsidian Enterprises Inc. President Terry Whitesell will pay the amount as part of a settlement agreement. A bankruptcy
trustee representing investors of Fair Finance Co., owned by convicted financier Tim Durham, had sought more than $225,000
from Whitesell.
MoreIndiana pensions hit as economic doldrums continue
August 14, 2012
Associated PressIndiana pension funds took a temporary hit last year and may not rebound as much as public workers would like, based on long-term
economic trends outlined for lawmakers Tuesday.
MoreAngie’s List shares plunge to record low after lockup ends
August 14, 2012
Bloomberg NewsShares in Indianapolis-based Angie’s List Inc., the consumer-review website company, plunged to a record low after a
ban was lifted on stock sales by some of the company’s biggest investors.
MoreIndiana pension system is country's most conservative
August 11, 2012
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first
large pension system in the country to go below 7 percent.
MoreKIM: Beware conflicts of interest when seeking financial help
August 4, 2012
Mickey KimThere is no such thing as unbiased advice, and conflicts of interest are not automatically bad. However, it’s up to
you to take steps to protect yourself from becoming “skinned” in this jungle.
MoreWeb startup aims to connect private businesses, investors
July 28, 2012
Andrea Muirragui DavisPrivate firms that need to raise relatively modest amounts of capital have a hard time finding money. Now three Indianapolis
entrepreneurs think they have the answer: crowdfunding. Individuals make small investments that are aggregated to fund a business.
Indianapolis-based Localstake wants to be the matchmaker.
MoreState pensions' strategy shift causes manager fees to rise
July 28, 2012
Kathleen McLaughlinThe $25.3 billion Indiana Public Retirement System is in the midst of hiring managers to carry out a strategy where more money
will be in hedge funds, private equity and real estate than stocks.
MoreJudge rejects Fair Finance attorneys' fee request
July 26, 2012
Scott OlsonThe compensation plan submitted by Cleveland-based Baker & Hostetler LLP could have netted the law firm $32.5 million if it
recovered the entire $200 million or more owed to investors of Fair Finance, which was owned by convicted Indianapolis financier
Tim Durham.
MoreWellPoint shares sink after profit misses analyst estimates
July 25, 2012
Bloomberg NewsWellPoint Inc. stock fell more than 12 percent Wednesday after the insurer's quarterly earnings missed analyst estimates and
it trimmed its full-year forecast.
MoreLilly's quarterly profit falls, but tops analyst expectations
July 25, 2012
Bloomberg NewsEli Lilly and Co. reported second-quarter profit that fell less than analysts had expected. The company raised its outlook
for the rest of the year.
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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.