Angie’s List losses continue to climb
In a Monday SEC filing, the company said it lost $43.2 million through the first nine months of 2011, pushing total losses since 2006 to $160.6 million. Angie’s List filed in August to go public.
Banking & Finance
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Ugly end to historic October on Wall Street
Stocks had their best month in almost a decade, rising from their low point of the year in an almost uninterrupted four-week rally. But the finish sure was ugly.
Old National’s profit grows 41 percent
The Evansville-based financial services holding company reported third-quarter profit of $16.8 million. Earnings would have been even better without expenses related to its purchase of Integra Bank.
Not following directions could bite local hospital
Indianapolis-based Westview Hospital might be on the hook for $160,000 because its advisers used a fax machine to tell Lehman Brothers it was canceling a financial agreement.
Stocks surge on European debt deal, GDP growth
The Dow Jones industrial average surged nearly 340 points Thursday after European leaders agreed on a deal to slash Greece's debt load and prevent the crisis there from engulfing larger countries like Italy.
NASDAQ set to remove EnerDel parent from exchange
New York-based Ener1 said in a filing Tuesday with the Securities and Exchange Commission that it would be suspended from the NASDAQ exchange starting Thursday due to non-compliance with filing requirements.
CNO Financial’s quarterly earnings, revenue rise
Carmel-based life and health insurer CNO Financial Group Inc. said Tuesday that its third-quarter earnings jumped nearly four times over last year's third-quarter results, but mostly because of a one-time tax-related gain.
Strategist: Uncertainty still holding back U.S. economy
In order to get the U.S. economy to grow at a respectable 3-percent annual rate, the government needs to get a grip on the debt crisis while corporations needs to start spending the money they've stockpiled.
Pacer Foster earns reputation as Buffett of basketball
Indiana Pacer Jeff Foster has played in the NBA for 12 years and earned more than $47 million, and he’s done something extraordinary: He’s saved about three-quarters of his take-home pay.
PNC Financial’s quarterly earnings tumble
PNC Financial Services Group Inc., which has about 1,200 employees and 88 branches in the Indianapolis area, made less money from loans, deposits, fees and charges in the third quarter.
Filing shows Durham’s personal finances in shambles
Even if everyone who owed Durham money paid him—which seems unlikely—his assets still would be a fraction of his debts.
Lawmakers seek probe into banks’ new debit card fees
A widespread move among major banks to charge customers a fee for using their debit cards has stirred Democratic lawmakers to seek a Justice Department investigation on possible collusion.
Cracker Barrel battling to keep Biglari at bay
Cracker Barrel Old Country Store Inc. has rejected Biglari’s request that directors appoint him and business partner Phil Cooley to the board. It also has rolled out a “poison pill” plan that would deter outside investors from taking over the business without negotiating with the board first.
More Hoosier investment advisers will be regulated by state
The federal Dodd-Frank act shifts firms from Securities and Exchange Commission oversight.
Bank directors feeling greater scrutiny
Tough economy, regulations dampen interest in the positions.
More banks processing transactions by date
Fifth Third among them, after being hit with class action over whether to pay customers’ biggest bills first.
Stocks jump on European pledge to help banks
The Dow Jones industrial average jumped 330 points, or nearly 3 percent, to close at 11,433. Indianapolis-based Hurco Cos. led local stocks, gaining 10 percent to close at $23.98.
Occupy Wall Street inspires Indianapolis protest
More than 1,000 people gathered on Veterans Memorial Plaza downtown Saturday to take part in Occupy Indianapolis, inspired by the three-week-old Occupy Wall Street protest in New York.
Bank to report loss on sour Indianapolis loans
Columbus-based Indiana Community Bancorp, parent of Indiana Bank & Trust, said it will write off $13.3 million for the third quarter, primarily due to nine commercial customers in the Indianapolis area with total loan balances of $32.7 million.
Simon Property Group gets new $4B credit facility
Indianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit facility.