Carmel company plans to expand, add employees
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million
in its Carmel headquarters.
Banking & Finance
Articles
Greenwood man admits stealing cemetery funds
A man admits embezzling about $4.2 million in perpetual-care trust funds from a Michigan cemetery operated by his Indianapolis-based
company.
Widow likely biggest beneficiary of Simon’s estate
Bren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more,
wealth managers speculate, based on the legal and tax issues involved in such a large estate.
Entrepreneur hopes real estate venture will rebuild neighborhoods, fund charities
David Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
HICKS: Stimulus job creation has been surprisingly small
Earlier this month, the Obama administration released its estimate of the impact of the fiscal stimulus on job creation.
HAUKE: Gold-crazed investors keep pushing price up
Gold has been part of our story since the beginning of time. For at least 5,000 years, humans have been able
to find it, mine it, process it and shape it into all kinds of things.
COX: Converting to a Roth IRA offers considerable tax breaks
The deadline for converting traditional individual retirement accounts to Roth IRAs arrives at the end of the 2009.
PITTSFORD: Business ownership brings stability and greater financial rewards
Owning your own business is more attractive today than ever, especially if you are in your 20s or 30s.
A battered stock market is no reason to stop investing for a college education
It’s no time to be cautious about investing for a college education. Rather, the drop in the stock market presents an ideal time to be aggressive.
New Indiana law requires schools to teach financial acumen
Indiana Superintendent of Public Instruction Tony Bennett plans to meet a state mandate to offer financial instruction by
incorporating the topic in the classroom via real-world example.
Ex-Lampoon exec Dan Laikin admits to stock fraud
Carmel businessman Dan Laikin pleaded guilty this afternoon to participating in a fraudulent scheme to pump up the stock price
of National Lampoon Inc., the Los Angeles-based entertainment company he led.
Old National prices offering at $10 per share
Evansville-based Old National Bancorp said yesterday that it has priced its public offering of 18 million shares of company
stock at $10 per share.
Irwin Financial files for bankruptcy liquidation
Columbus-based Irwin Financial Corp. has filed for Chapter 7 bankruptcy, setting the stage for the liquidation of the remaining
assets of the troubled banking company.
Unfinished federal bailout sealed Irwin’s failure
Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
Old National selling stock to fund potential purchases
Evansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public offering
and will use some of the proceeds to fund potential acquisitions.
Regulators close Irwin banking operations
State and federal regulators shut down the two banking subsidiaries of ailing Irwin Financial Corp. of
Columbus. The action makes Irwin Union Bank and Irwin Union Bank FSB the first financial institution failures in Indiana since
steep losses hit the industry last year.
Penrod treasurer charged with taking about $400K
The former volunteer treasurer of an arts group that stages one of Indianapolis’ best-known art fairs has been charged with
embezzling about $400,000.
Developer Broadbent sues banks after they tighten credit line
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
HICKS: Chinese tariff is misstep toward trade war
Just a short year ago, economists of all stripes voiced fears of a rise in economic protectionism like that which contributed
mightily to the Great Depression.
SKARBECK: Hedge fund superstars take it on the chin
Lauded as “masters of the universe,” the star investment managers overseeing the largest hedge funds built
huge expectations they couldn’t fulfill.