Local developer seeks bankruptcy protection
Platinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday, listing several huge debts to prominent local businesses and business people.
Banking & Finance
Articles
Fair trustee sues to recoup $138,580 in GOP donations
The five lawsuits filed this week do not include the biggest recipients of Tim Durham’s political largesse—campaign committees associated with Indiana Gov. Mitch Daniels and former Marion County Prosecutor Carl Brizzi.
Indianapolis bio sector hopeful as venture firms cash out
Profits flowing from earlier investments could mean more available capital, but firms continue to be selective in placing their bets.
Kirr Marbach & Co. mutual fund picks up national recognition
Financial newsletter Emerging Manager Monthly honored the fund as manager of the year in its category.
SKARBECK: Inflation a growing concern beyond the United States
when it comes to global inflation, all eyes are on China, where a rapid rise in prices is causing concern.
Adviser reaped unusual fee from Health Foundation
Throughout a two-decade relationship with client Health Foundation of Greater Indianapolis, money manager Columbus Circle Investors paid a finder’s fee to the foundation’s consultant, Cooke Financial Group in Indianapolis.
Hicks: Raising taxes won’t increase federal revenue
Hauser’s Law, which is really an empirical observation, notes that U.S. income tax revenue has hovered within a percentage point of 19 percent of our total economy for more than 50 years.
KAR Auction plans to refinance with $1.5B term loan
KAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion senior secured term loan and a $250 million senior secured revolving credit facility.
ExactTarget attracts another $30M in venture capital
The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.
Fishers money manager granted continuance
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.
Greenwood Shoppes seeks bankruptcy reorganization
The shopping center on U.S. 31 is the third Broadbent-operated strip mall to fall into bankruptcy and its second in Greenwood to claim financial problems.
SKARBECK: Look beyond gold for inflation hedges
gold has been in a 10-year bull market, so today’s investors aren’t exactly discovering the metal at cheap prices.
HICKS: Corporate profits don’t deserve condescension
Profits are much maligned, and the profit motive is oft depicted as synonymous with greed. This is disheartening. Disdain drawn from ignorance is intellectually lazy.
Wellfount nabs $6M in venture capital
The Indianapolis-based institutional pharmacy, which serves long-term-care facilities, wants to expand its business nationally.
Statehouse fight continues over bank-insurance fund
Indiana lawmakers likely will avoid tapping an obscure bank-insurance fund to help bolster state coffers, but bankers may not survive the battle completely unscathed.
Judge freezes assets of Fishers money manager
A Hamilton County judge has ordered a temporary asset freeze against prominent Fishers money manager Keenan Hauke, who is being investigated by the Indiana Secretary of State’s Office over financial irregularities involving a hedge fund he operates.
Landlord seeking to evict Jillian’s over unpaid rent
The landlord of the downtown building that houses Jillian’s, which filed for bankruptcy protection earlier this week, wants the restaurant and entertainment complex out of its building, alleging the tenant owes nearly $700,000.
IU Health readies bond sale
The Indianapolis-based hospital system plans to sell $228.2 million in bonds this week to refinance existing debt and pay to finish construction of its Saxony hospital in Fishers, set to open late this year.
Hofmeister jewelry business files Chapter 11
The northeast-side retailer listed assets of nearly $3.8 million and liabilities of $5.4 million. Much of the debt includes a bank loan and money owed to suppliers for inventory.
Companies seek equity in return for services to startups
A crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for an ownership stake.