Startup NICO raises another $1.73M
Indianapolis-based medical-device startup NICO Corp. has raised $1.73 million from investors.
Banking & Finance
Articles
Corporate shareholders should demand more
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.
Credit crisis reverses student lender’s growth
ISM Loans is waiting to re-enter markets after halting its lending, changing its leadership and cutting 100 workers.
Study American financial history
Society must learn about the history of global markets in order to prevent further financial calamities.
Some female small-biz owners anticipate boost from changes by new administration
Some local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
Credit crunch creates bond crisis for CIB
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
‘Two Million Minutes’ begets India and China sequels
Angel investor Bob Compton has produced a pair of sequels to his 2007 documentary film "Two Million Minutes," which examined the differences between education in the United States, India and China.
Buy-and-hold a bad tactic in these market conditions
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.
Indians stock price takes hit
Despite year-over-year revenue gains and robust earnings, the economic downturn has finally caught up with the Indianapolis Indians.
Turmoil forces National City sale
After a 17-year run in Indianapolis, National City’s trademark green signs are set to be replaced with the blue of Pittsburgh-based
PNC Financial.
Recession, lockdown of credit hammers businesses of all sizes
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central
Indiana felt the pain.
Twice-bankrupt ATA finally folds
Any hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed
April 2, when it filed for bankruptcy and ceased operations.
Stock markets weather historic plunge
Unless markets surge in the final days of the year, 2008 will go down as the worst year for stocks since the Great Depression.
Indiana banks accepting TARP funding
Many of Indiana’s banks jumped at the chance to apply for a share of the federal government’s capital-infusion program, and
ones that win approval likely will accept the funds designed to shore up still-healthy financial institutions.
Time to close book on ’08, and not a moment too soon
For investors across the globe, most
would agree that 2008 was an annus horribilis. Anyone with a vague recall of Latin will arrive at the translation of "horrible year."
Conseco’s investment loss of $96 million ‘pretty good’ by comparison
Eric Johnson, Conseco Inc.’s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises
of the investing world over the last 18 months.
Stay liquid, flush with cash in these tumultuous times
Liquidity is king! Stay away from long-term, illiquid commitments until the equity markets really flash sustained levels of
demand.
Stitle: Bank’s sale to PNC fuels ‘burst of adrenaline’
“I have no intention of retiring â?? now or ever,” said Steve Stitle, CEO of National City Bank in Indiana, after the bank
was purchased by PNC Financial.
Givers get strategic
Wealthy people are getting more advice from hired professionals and less from peers and not-for-profit personnel when
making
decisions about charitable giving, a new study shows.
Weird yields for Treasuries evidence of investor angst
A large number of investors are so fearful these days that they have flocked to the safest securities, pushing down interest
rates to virtually nothing.