Musk ousted as Tesla chairman in SEC settlement, but will remain CEO
The settlement was reached two days after the SEC sued the billionaire over his tweeted claims to have had the funding and investor support to buy out stockholders at $420 a share.
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SEC seeks to oust Tesla CEO Musk over go-private tweet
Peter Henning, a law professor and a former SEC lawyer, said it's the first fraud case involving use of social media by the CEO of a public company.
The case for (and against) investing in Elanco Animal Health
Investors hope Greenfield-based Elanco—the No. 4 animal health company in the world—will be the next Zoetis, the former animal-health division of Pfizer, which has nearly tripled in value since going public in 2013.
Fed raises rates for third time this year with one more hike expected
The Federal Reserve on Wednesday lifted its short-term rate for the eighth time since late 2015, and the Fed indicated that it expects to continue gradual increases.
Fed poised to raise rates for a third time this year
The modest rate increase that's widely expected reflects the continued resilience of the U.S. economy, now in its 10th year of expansion, the second-longest such stretch on record.
Notre Dame’s endowment value hits record $13.1 billion on gains
The University of Notre Dame’s endowment posted a 12.2 percent annual investment gain.
U.S. credit scores hit new high while household debt skyrockets
The new record comes on the heels of other signs that consumers are finally shrugging off a recession hangover, despite stubbornly stagnant wages that haven’t matched mushrooming corporate revenue.
OneAmerica sailed through financial crisis but still learned lessons
An analysis by OneAmerica of 32 major life insurers found that it was the only one that realized a gain on its investment portfolio from 2008-2010.
It’s high times for soaring marijuana stocks on Wall Street
Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges.
Dow, S&P 500 close at all-time highs amid upbeat economic reports
Wall Street delivered another set of milestones Thursday as a wave of buying sent U.S. stocks solidly higher.
SEC charges local investment adviser, a former math teacher, with fraud
The complaint alleges that the former middle school math teacher “took advantage” of current or former teachers and other workers in public education by selling them “extremely risky securities” that brought her commissions worth $2.5 million.
Local tech firm Emplify lands $7.5 million in venture capital
It’s the first round of growth capital secured by the company, which focuses on human resources-related software-as-a-service products.
Venture Club’s Innovation Showcase is a go
After InXInnovate LTD suddenly cancelled its local event this fall, the Venture Club of Indiana was forced to hustle to re-schedule their annual Innovation Showcase. With the help of The Heritage Group and other corporate supporters, it’s now set for October.
Former Carmel stock broker pleads guilty to fraud
A former Carmel resident pleaded guilty Wednesday to evading taxes on more than $1.2 million in income related to the multimillion sale of a rare painting.
Tesla stock falls after CEO appears to smoke joint during interview
In an overnight interview on the “The Joe Rogan Experience,” which appears on YouTube, Tesla CEO Elon Musk inhales from what the host says is a combined marijuana-tobacco joint and takes a sip of whiskey.
Q&A: Keeping you safe from a Nigerian prince
As a fraud investigator at Elements Financial, Andy Shank is fighting against perpetrators who he says are largely anonymous, overseas and unlikely to be caught.
Regions Bank names new market executive in central Indiana
Erik Miner succeeds Leslie Carter-Prall, who was recently promoted to leader of private wealth management throughout Regions’ entire 15-state territory.
Heavyweight venture capitalists headed to local TechPoint event
Forty venture capitalists from 12 states will descend on Indianapolis Sept. 12 and 13 to network and hear pitches from some of the region’s most promising young tech companies.
U.S. economy slightly stronger in 2nd quarter than first estimated
The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest annual gain in more than a decade.
NASDAQ, S&P 500 close at record highs after new trade deal
Stocks rose on Wall Street on Monday, sending the NASDAQ above 8,000 for the first time, after the White House said it has reached a preliminary agreement with Mexico on replacing NAFTA.