Investing

Donald Fair leads off government's case against financier Durham

June 11, 2012
Cory Schouten
The man whose father founded Ohio-based Fair Finance during the Great Depression led off the government's case on Monday against the Indianapolis men accused of looting the company and leaving its investors with $200 million in losses.
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Judge, attorneys in Durham trial look for jurors untainted by media reports

June 8, 2012
Cory Schouten
A federal judge and a handful of attorneys are selecting jurors who could determine the fate of indicted financier Tim Durham and his co-defendants. The jury-selection process, which began Friday morning, launched what's expected to be a three-week trial over alleged wire and securities fraud.
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Dead fugitive from central Indiana defrauded hundreds

June 4, 2012
Associated Press
Oregon authorities say 62-year-old Phillip Ferguson died last week from a gunshot wound to the head soon after fleeing from two officers and an FBI agent. Ferguson vanished in 2000 after being accused of bilking more than 600 investors out of $30 million.
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U.S. stock market plunges after dismal jobs report

June 1, 2012
Associated Press
A dismal U.S. jobs report and other evidence of a global economic slowdown clobbered U.S. stocks Friday.
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E&A buttered by $125M sale of Udi's to Smart Balance

June 1, 2012
Chris O'Malley
Indianapolis investment firm E&A Industries is cashing out of its majority stake in Udi’s Healthy Foods LLC by selling the Denver-based food company to margarine maker Smart Balance Inc. for $125 million.
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Indiana official warns against new investment tool

May 30, 2012
Associated Press
Indiana's secretary of state is urging investors to thoroughly vet new online investment operations coming under a new federal law.
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Pacers owner teams with Smulyan to buy Emmis stock

May 21, 2012
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications Corp. at no more than $2 apiece.
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Dan Laikin spurred probe of Tim Durham, filings reveal

May 19, 2012
Greg Andrews
The FBI had been investigating Tim Durham since March 2009, when his friend Dan Laikin, a Fair Finance board member, offered up incriminating information on the Indianapolis financier in hopes of securing a lighter sentence for himself in an unrelated case.
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At 92, Danielson's banking career is still goingRestricted Content

May 19, 2012
Sam Stall
City Securities co-chairman still dispenses wisdom accumulated over a career touching on everything from baseball to folding doors.
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Emmis shares again escape NASDAQ delisting

May 16, 2012
The NASDAQ exchange notified the Indianapolis-based company on Tuesday that its stock avoided delisting after shares traded above $1 for 10 consecutive trading days. Emmis has been in danger of losing its NASDAQ status for several years.
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Angie’s List prices shares at $13 for stock offering

May 16, 2012
Scott Olson
The Indianapolis-based company said it plans to sell 8.4 million shares, most of them held by current stockholders.
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Feds say wiretaps show evidence of financial plot

May 15, 2012
Associated Press
A federal judge in Indianapolis refused to throw out wiretap evidence in the $200 million fraud trial of former Indiana businessman Tim Durham as the government outlined a case largely based on those recordings.
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Indiana slips in life sciences funding

May 14, 2012
J.K. Wall
Indiana has taken “a giant step backward” in the availability of early-stage capital for life sciences companies, according to the Indiana Health Industry Forum—which also has a few ideas on how to reverse those developments.
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JPMorgan Chase takes fire for 'hedge,' $2 billion loss

May 12, 2012
Associated Press
More than three years after the financial industry almost collapsed, the colossal misfire has been cited as proof that big banks still do not understand the threats posed by their own speculation.
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Noble Roman's top investor loses Green Mountain chair

May 9, 2012
Bloomberg News
Green Mountain Coffee Roasters Inc. has stripped founder Robert P. Stiller of his position as chairman after he sold shares to meet a margin call at a time when the company’s trading policies prohibited such sales.
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Angie’s List files to sell $75 million in stock

May 2, 2012
The offering could include up to $75 million of its common stock, including $10 million to be sold by the company and the rest by shareholding officers. Most of the funds will be used to finance an ongoing advertising campaign, Angie's List said in its filing.
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Emmis gains extension on NASDAQ listing

April 27, 2012
Jeff Newman
Emmis Communications Corp. shares will remain listed on the NASDAQ exchange at least until Aug. 27 under an extension granted by the well-known stock index.
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Mourdock will keep energy stocks if elected to Senate

April 26, 2012
Kathleen McLaughlin
Indiana Treasurer Richard Mourdock, who is challenging Republican Sen. Richard Lugar in the May 8 primary, held six different energy-related stocks last year, according to his most recent filing with the state.
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Judge rejects Durham motion to throw out indictment

April 19, 2012
Greg Andrews
The ruling by federal Judge Jane Magnus-Stinson is a big setback for Durham and his attorney, John Tompkins, who in court papers had alleged “outrageous government misconduct.”
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Preferred-shareholder group sues Emmis over restructuring

April 17, 2012
Anthony Schoettle
A group of Emmis Communications Corp. preferred shareholders, unhappy with a company proposal that would strip them of their right to collect millions of dollars in dividends, filed a lawsuit against the Indianapolis media firm Monday to try to prevent the move.
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Poison pills remain as Lilly shareholder vote falls short

April 16, 2012
J.K. Wall
The proposal garnered support from the owners of 62 percent of Eli Lilly's outstanding shares. To pass, the proposal needed approval from the owners of 80 percent of Lilly’s shares.
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Hauke receiver files suit to recover $600K from Arizona investor

April 11, 2012
J.K. Wall
Attorney William Wendling will try to collect $1 million to $2 million from a handful of investors in Samex Capital Ponzi scheme.
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Wall Street observers blast Emmis plan to ax preferred shares

April 2, 2012
Scott Olson, Cory Schouten
Emmis Communications Corp.'s effort to strip its preferred shareholders of their rights and avoid forking over about $10 million in unpaid dividends is drawing sharp criticism from top market observers, including a columnist for The New York Times.
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S&P completes biggest first-quarter rally since 1998

March 31, 2012
Bloomberg News
More than $3.6 trillion has been restored to U.S. equity values since October amid better-than-estimated earnings and economic data. Indianapolis-based WellPoint Inc. surged 11 percent this week, as the Supreme Court debated the health care law.
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KIM: 'Price is what you pay; value is what you get'Restricted Content

March 31, 2012
Mickey Kim
It is impossible to make an intelligent assessment of the investment merit of an asset without accounting for its price.
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  1. these guys only skill was to steal from other's hard earned savings.

  2. I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.

  3. For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.

  4. It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.

  5. Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.

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