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Indiana 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.
MoreSimon boosts dividend, outlook after strong second quarter
July 24, 2012
IBJ Staff and Bloomberg NewsThe Indianapolis-based mall giant is benefitting from robust demand for space from retailers in the United States. It's
also ratcheting up growth by investing overseas.
MoreVenture funding falls 12 percent in second quarter
July 20, 2012
Associated PressFunding for U.S. startups fell 12 percent in the second quarter as venture capitalists poured less money into fewer deals
than a year earlier. But the number of companies getting funded in the earliest stages of development reached the highest
level in more than a decade.
MoreRegional investing conference heavy on Indiana banks
July 14, 2012
Event organizers say Wall Street isn't the only place to drum up interest in stocks.
MoreHauke receiver files suit against his former accounting firm
July 9, 2012
Scott OlsonThe lawsuit accuses convicted money manager Keenan Hauke's former accounting firm of negligence for failing to monitor Hauke's
bank accounts, enabling him to use investor funds for his personal use. Hauke was sentenced in March to 10 years in prison.
MoreIndiana to hold securities brokers more accountable
June 29, 2012
Associated PressSecretary of State Connie Lawson said the new provisions will help her office provide better protection to investors.
MoreState, former Colts invest in Fishers software provider
June 27, 2012
Kathleen McLaughlinThe state of Indiana and former Colts are among the lead investors in Fishers-based software provider CloudOne, the company
announced this week.
MoreHeat wave wilting corn supplies, boosting prices
June 27, 2012
Bloomberg NewsCorn supplies in the United States, the world’s biggest exporter, are declining at the fastest pace since 1996 just
as a Midwest heat wave damages the world’s largest harvest for a third consecutive year.
MoreJudge orders Durham, Cochran jailed until sentencing
June 25, 2012
Cory SchoutenConvicted Ponzi schemers Tim Durham and James Cochran will be held in a federal prison until sentencing, while accomplice
Rick Snow will be confined under home detention, under an order issued Monday afternoon by U.S. District Judge Jane E. Magnus-Stinson.
MoreOutlook improves for Fair Finance investors
June 23, 2012
Greg AndrewsA New York firm is contacting Fair Finance Co. investors seeking to purchase their bankruptcy claims—a sign of growing
optimism that investors in the defunct business will secure a sizable recovery.
MoreDurham found guilty on all counts
June 20, 2012
Cory SchoutenU.S. Attorney Joseph Hogsett hailed the jury's decision, calling the case "the most significant piece of litigation
the Southern District has seen in a generation." Tim Durham and co-defendants Jim Cochran and Rick Snow were handcuffed
and taken to the Marion County Jail.
MoreMainstreet Property affiliate stages $110M IPO
June 20, 2012
IBJ StaffMainstreet owns 18 percent of HealthLease Properties Real Estate Investment Trust, which sold 11 million shares of stock at
$10 each. The stock began trading Wednesday morning on the Toronto Stock Exchange under the ticker HLP.UN.
MoreDurham trial closing arguments provide clashing accounts
June 20, 2012
Cory SchoutenThe prosecution described Tim Durham as "the mastermind" of a Ponzi scheme, while partner Jim Cochran acted as the
front man who lied "to people's faces," and Chief Financial Officer Rick Snow served as the "backroom numbers
guy."
MoreDefense rests in Durham trial without defendants testifying
June 19, 2012
Cory SchoutenDefense attorneys in the federal fraud trial of Fair Finance executives Tim Durham, Jim Cochran and Rick Snow rested their
cases Tuesday morning after calling just one witness and introducing a handful of exhibits.
MoreProsecution rests after testimony from Fair Finance trustee
June 18, 2012
Cory SchoutenAttorneys for Tim Durham and his co-defendants are expected to start their defense Tuesday morning and wrap it up in the afternoon.
The jury is expected to begin deliberations Wednesday.
MoreDurham prosecutors wrap case with details on asset transfer
June 18, 2012
Greg Andrews, Cory SchoutenIn the weeks before an FBI raid shut down Fair Finance Co., top company executives led by Indianapolis financier Tim Durham
devised a last-ditch maneuver they hoped would persuade Ohio regulators to allow them to keep selling investment certificates.
MoreFair Finance CFO staying out of prosecutors' crosshairs
June 16, 2012
Greg AndrewsRick Snow, Fair Finance Co.'s former chief financial officer, isn't accused of collecting insider loans like co-defendants
Tim Durham and Jim Cochran. But he's facing the same felony charges.
MoreSKARBECK: Merger lawsuits common, but investors seldom benefit
June 16, 2012
Ken SkarbeckThe filing of merger lawsuits is so predictable that many acquiring companies factor in class-action legal costs as a form
of “transaction tax” to get their deals done.
MoreDurham trial: Auditor expected problems at Fair Finance
June 15, 2012
Cory SchoutenThe accounting firm Tim Durham hired to review the Ohio company’s 2003 finances refused to complete an audit because of concerns
about the accuracy of its numbers and the appropriateness of its practices. The FBI raided Fair Finance in November 2009.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!