Investing

Twitter soars as shares debut on stock market

November 7, 2013
Associated Press
The stock opened at $45.10 a share on Thursday, 73 percent above its initial offering price. Tempering expectations was a big theme leading up to the IPO, but that flew out the window with the stock's opening surge.
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Fair bankruptcy judge issues $33M verdict against Dan Laikin

October 25, 2013
Greg Andrews
The case stems from a line of credit the Indianapolis businessman received from Tim Durham's Fair Finance Co. Attorneys for the failed company said Laikin amassed tens of millions of dollars in debt he never repaid.
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S&P 500 closes week at another all-time high

October 25, 2013
Associated Press
Strong third-quarter results from technology companies drove investors into stocks on Friday, giving the market its third straight weekly gain.
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State pension board postpones decision on annuities

October 25, 2013
 The Statehouse File
Indiana pension officials say they want more information from lawmakers before they consider abandoning a plan to privatize one part of a retirement plan for teachers and public employees.
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Lawmakers ask pension board to keep annuity plan in-house

October 21, 2013
 The Statehouse File
A legislative commission recommended Monday that pension officials scrap a proposal to privatize one part of the state retirement benefit system.
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Simon’s 20-year run has made investors a bundle

October 19, 2013
Greg Andrews
Simon Property Group now is the largest real estate company in the world and has a stock market value of $59 billion. That’s $6 billion more than Eli Lilly and Co., not that Simon's hypercompetitive CEO, David Simon, has noticed.
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Parade of settlements continues for local securities firmsRestricted Content

October 19, 2013
Chris O'Malley
A third securities firm in the region has been slapped with sanctions by federal regulators.
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S&P 500 pushes further into record territory

October 18, 2013
Associated Press
General Electric, Morgan Stanley and Google all rose after reporting higher earnings than financial analysts were expecting. Google topped $1,000 a share for the first time.
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Poll: Half of older workers delay retirement plans

October 14, 2013
Associated Press
Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday.
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After stock zooms up, Internet bank aims higherRestricted Content

October 12, 2013
Greg Andrews
Shares of First Internet Bancorp have more than doubled since December, when founder and CEO David Becker boosted the visibility of the stock by announcing it was shifting from the over-the-counter market to NASDAQ.
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Private equity investor CID seeking $150 millionRestricted Content

October 12, 2013
Dan Human
CID Capital hopes to raise $150 million for its latest private equity fund in a market that has been tough on similar funds.
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Lilly stock shrugs off analyst downgrade

October 11, 2013
Associated Press
The drugmaker has become too reliant on its remaining pipeline of drugs under development for growth as it deals with patent expirations to big sellers and drug-development setbacks, a Jefferies analyst wrote.
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Obama to nominate Yellen as Bernanke successor

October 8, 2013
Associated Press
President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation's central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed.
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Stocks fall as government shutdown hits new week

October 7, 2013
Associated Press
Until now, the stock market has mostly moved sideways since the shutdown began at the start of the month, indicating that investors still expect lawmakers to come up with a deal.
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Families hoard cash five years after financial crisis

October 6, 2013
Associated Press
One of the biggest drags on the economic recovery is fear. Households are hoarding cash, spending cautiously, avoiding debt, and shifting investments into low-yield (but potentially safer) holdings. When done on a global scale, such prudent moves can starve the economy.
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Butler students learn by investing $1.2M from endowmentRestricted Content

October 5, 2013
Chris O'Malley
Butler’s 5-year-old, student-managed investment fund is believed to be the single largest such fund among colleges in Indiana. That big pot of money brings pressure on students.
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Indiana securities commissioner leaving post

October 4, 2013
 IBJ Staff
Chris Naylor, Indiana Securities Commissioner for the past six years, will become the assistant executive director of the Indiana Prosecuting Attorneys Council.
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Indiana sues estate of alleged Ponzi schemer

October 3, 2013
Associated Press
The state has gone to court to freeze the assets of the estate of a dead Kokomo investment adviser so the money can provide possible restitution to victims of a Ponzi scheme who might include former National Football League players.
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Lilly to buy back $5B as sales goal harder to reach

October 3, 2013
Bloomberg News, J.K. Wall
Eli Lilly and Co. said Thursday that meeting its sale target will be a challenge. It plans to repurchase $5 billion in shares and introduce new diabetes drugs to help navigate through patent losses. Another immediate hurdle: Obamacare.
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Stocks rise as investors weigh effects of shutdown

October 1, 2013
Bloomberg News
Markets on Tuesday weren't fazed by the the first partial government shutdown in 17 years. Open enrollment for Obamacare exchanges helped WellPoint shares.
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Stonegate Mortgage IPO a test of housing recoveryRestricted Content

September 28, 2013
Chris O'Malley
Stonegate Mortgage—potentially the first company in Indianapolis to go public since ExactTarget in 2012—plans to entice investors with a nationwide expansion, a diversified income stream, and the prospect that federal reforms will benefit such loan aggregators.
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Durham backers who exited early now taking financial hitRestricted Content

September 21, 2013
Greg Andrews
A group of elite Indianapolis investors who cashed out before Tim Durham's financial empire collapsed have reached a settlement with a bankruptcy trustee requiring them to give most of their money back.
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Stocks reach all-time highs after Fed delays bond tapering

September 18, 2013
Associated Press
Investors plowed money into stocks and bonds, with the S&P 500 and Dow Jones Industrial Average reaching record highs, after the Federal Reserve's surprise decision to keep its economic stimulus in place.
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Four Hoosiers rate among 400 wealthiest in U.S.

September 16, 2013
 IBJ Staff
The widow of medical device industry pioneer Bill Cook again is the top Hoosier on the latest Forbes 400 list of the nation's wealthiest people, and this time has cracked the top 100.
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Fed likely to slow bond buys despite tepid economy

September 16, 2013
Associated Press
On Wednesday, the Federal Reserve is expected to take its first step toward reducing the extraordinary stimulus it's supplied to help the U.S. economy rebound from its deepest crisis since the Great Depression.
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