Investment Losses

UPDATE: FBI searches Durham-owned company offices

November 24, 2009
Greg Andrews
Ohio securities regulators say Tim Durham's Fair Finance Co. won't be permitted to sell additional investment certificates unless it satisfactorily answers a series of questions about the company's ability to pay them back.
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SKARBECK: Getting a good price hinges on stock's valueRestricted Content

November 14, 2009
Ken Skarbeck
Making investment decisions based on where a stock price has been in the past or betting on where it may go in the future is futile and foolish unless the investor has determined the value of the stock.
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SKARBECK: Lenders still not serious about serious reformRestricted Content

October 31, 2009
Ken Skarbeck
The early signs point to meek efforts by the Obama administration to address gaping regulatory issues.
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SKARBECK: Market a bright spot amid worrisome economyRestricted Content

October 17, 2009
Ken Skarbeck
The financial media have the corks ready to pop as the Dow Jones industrial average re-crosses what pundits claim is the â??psychologically importantâ?? 10,000 level.
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State charges Stifel Nicolaus didn't disclose risks of auction-rate securities

October 1, 2009
 IBJ Staff
An administrative complaint filed today by the Indiana Secretary of State's Office alleges Stifel Nicolaus failed to disclose risks associated with the sale of auction-rate securities to 141 Hoosiers who invested $54.9 million.
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SKARBECK: Hedge fund superstars take it on the chin

September 19, 2009
Ken Skarbeck
Lauded as "masters of the universe," the star investment managers overseeing the largest hedge funds built huge expectations they couldn't fulfill.
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SKARBECK: More reforms sought for target-date fundsRestricted Content

June 29, 2009
Ken Skarbeck
Target-date mutual funds, a popular investment vehicle in 401(k) plans and college savings plans, have recently come under scrutiny by Congress and regulators. Investors are in an uproar over the recent poor performance of funds nearing their target date.
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Led by educators instead of investment specialists, state teachers fund fell into $67M holeRestricted Content

May 25, 2009
J.K. Wall
The people overseeing the Indiana State Teachers Association Insurance Trust had no background in investments or insurance, likely leaving them ill-equipped to grasp the ever-larger amounts of complicated investments the trust was buying.
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Lilly Endowment has made few changes despite massive fall in valueRestricted Content

May 18, 2009
Kathleen McLaughlin
Lilly Endowment lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What's different about the Indianapolis-based endowment is that its most recent loss caps a downward slide that's lasted eight years.
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Top investment minds weigh in on erratic marketRestricted Content

May 18, 2009
Ken SkarbeckMore

'Epic' investment losses hit hospitalsRestricted Content

May 11, 2009
J.K. Wall
Financial reports trickling in from Indianapolis' major hospitals show why the city's health care building boom ground to a near halt this year. It ran into a wall of investment losses.
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Complex bond schemes haunt Indy, other citiesRestricted Content

April 20, 2009
Ken Skarbeck
The city is just beginning to digest the news that came out of left field regarding Indianapolis Water Co.'s bond transaction gone wild.
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Foreclosure investors shift to buy-and-hold strategyRestricted Content

April 6, 2009
Sam Stall
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental properties and sitting tight until the market improves.
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Auction-rate securities suit names Stifel's Cohen, othersRestricted Content

March 30, 2009
 IBJ Staff
Among defendants named in a Missouri lawsuit against investment firm Stifel Nicolaus and Co. is Stifel Managing Director Jeffrey Cohen, who is based in the company's Indianapolis office.
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Seasoned stock pros size up slumpRestricted Content

February 23, 2009
Sam Stall
Media pundits regularly call the current economic crisis the worst since the Great Depression. One of the few Indianapolis financial experts who's actually qualified to make such a comparison is Donald C. "Danny" Danielson, the 89-year-old vice chairman of City Securities Corp.
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A showy millionaire faces spate of lawsuits

February 16, 2009
Greg Andrews
A recent spate of lawsuits, filed by a who's who of Indianapolis businessmen, exposes cracks in Tim Durham's veneer of opulence.
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CIB could ask for $34 million in write-offs from Circle Centre investors to ease deficitRestricted Content

February 16, 2009
Cory Schouten
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
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Papa's college funds hit the skidsRestricted Content

February 9, 2009
Mickey Maurer
When I read the year-end statements from the 529 College Saving Plans I had established for the benefit of my grandchildren, I felt lower than a snake's belly.
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Corporate shareholders should demand moreRestricted Content

February 9, 2009
Ken Skarbeck
Free marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder in a number of financial businesses.
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Credit crisis reverses student lender's growthRestricted Content

February 9, 2009
J.K. Wall
ISM Loans is waiting to re-enter markets after halting its lending, changing its leadership and cutting 100 workers.
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Buy-and-hold a bad tactic in these market conditionsRestricted Content

February 2, 2009
If world leaders don't quickly demonstrate the courage to stop printing money, the long term is shot. And since that courage isn't likely to surface anytime soon, investors should rethink traditional strategies now.
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Indians stock price takes hitRestricted Content

February 2, 2009
Despite year-over-year revenue gains and robust earnings, the economic downturn has finally caught up with the Indianapolis Indians.
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IMA cuts will delay Art & Nature Park

January 6, 2009
Lou Harry
The Indianapolis Museum of Art today announced a series of cutbacks designed to trim $1.7 million from its budget due to revenue shortfalls and "significant losses" to its endowment.
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WellPoint shares sufferRestricted Content

December 29, 2008
J.K. Wall
It was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer's stock lost more than 55 percent of its value during the year.
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Conseco wins $29M judgment in latest round of legal warRestricted Content

June 23, 2008
J.K. Wall
Conseco Inc. has won another round in court against former Merchants National Bank CEO James D. Massey this month, ringing up a $29 million judgment against him in a court in Illinois. But Massey shows no sign of throwing in the towel in the years-long litigation over millions he borrowed to buy Conseco stock. Massey was a director of Conseco from 1994 to 2000.
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  1. OK Larry, let's sign Lance, shore up the PG and let's get to the finals.

  2. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

  3. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

  4. Out of state management and ownership. If Kite controlled it, everything would be leased. Of course, due to the roundabout, there is limited access to the south side of 116th now also. Just have to go down to the light.

  5. Hey smudge, You're opposed to arresting people for minor crimes? Sounds great! We should only focus on murders and such, right? Let's stand around and wait until someone shoots someone before we act. Whatever we do, we should never question anyone, frisk anyone, or arrest anyone unless they are actively engaged in shooting or stabbing. Very sound!

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