California man accused of defrauding former Colt of more than $4.5M
Kenneth Ray Cleveland stands accused of defrauding a 13-year NFL player while serving as his financial adviser.
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Retailers cheer GOP retreat on ending debit card fees limit
Restaurants, grocers and other businesses celebrated Thursday as House Republicans backed off efforts to eliminate the cap on fees that banks can charge retailers when customers use debit cards.
Target settles data-breach lawsuit with 47 states for $18.5M
Indiana will be among the states receiving money to settle state lawsuits over a 2013 hack of the retailer’s database in which the personal information of millions of customers was stolen.
OurHealth raises $37M, plans to hire 480 workers
The privately held company operates 32 clinics for employers in Indianapolis, Chicago, Nashville and other cities. The new funds will allow it to expand and invest in data, marketing and business development.
U.S. households accumulate record amount of debt
Americans have stepped up borrowing over the past three years, yet the nature of what Americans owe has changed since the Great Recession.
Real estate crowdfunding firm graduates to first apartment property
A local startup with about 100 investors is making bigger acquisitions by progressing from rental homes to apartments, starting with a complex in Garfield Park.
Analysts struggled to predict Anthem-Cigna outcome (but don’t tell them that)
The proposed $48 billion merger of Anthem and Cigna kept Wall Street experts guessing for months.
High court backs bids to collect outdated debt in bankruptcy
A divided U.S. Supreme Court has ruled that debt collectors can use bankruptcy proceedings to try to collect liabilities that are so old the statute of limitations has expired.
Changing times for the bank branch
In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.
Celadon in danger of delisting by NYSE because of reporting failures
The delinquency occurred when Celadon’s auditor, BKD LLP, withdrew its reports on the trucking company’s financial statements for the periods ending June 30, Sept. 30 and Dec. 31 of 2016.
Carmel biotech firm lands $8M in venture capital, grant funds
Founded in 2006, Fast BioMedical Inc. plans to use the money to help advance clinical trials and hire additional workers. It develops technologies to measure blood volume and kidney function.
GOP-led House panel votes to overhaul Dodd-Frank
While the measure is expected to pass the full House, in the Senate, it will need 60 votes to become reality, meaning the GOP will need several Democrats to join their effort.
Celadon execs avoid live questions in brief conference call
The troubled Indianapolis-based trucking company conducted a conference call Wednesday to answer questions about its latest accounting issues, but the call lasted 18 minutes and investors didn’t get to talk.
Celadon shares plummet after company admits to accounting woes
Shares in the Indianapolis-based trucking company dropped as much as 67 percent Tuesday morning. At least 16 law firms say they have filed lawsuits against the company or are investigating doing so.
Butler to launch business center with $5M gift from Old National
The center, to be called the Old National Bank Center for Closely Held Business, will have its offices in Butler’s Andre B. Lacy School of Business, but it will work with companies around the state.
Credit ratings agency downgrades bonds issued for I-69 project
The most recent downgrade was driven by concerns over whether the company hired to design and build the segment will be able to meet its financial obligations.
Tech leaders say they’re pleased with Legislative session
One of the victories, tech leaders said, was the legislative green light for a toll-road fund to invest $250 million in venture capital. But the mechanism for doing so has yet to be determined.
First Internet Bancorp reports record-setting quarter
The Fishers-based bank launched a municipal lending department last quarter, which the company said helped boost its performance.
Bank of America’s existing base is advantage in entrance here
Bank of America already has customers here, but is now opening an actual branch—in the street-level retail space in the new Cummins Inc. distribution headquarters downtown.
British retailer raises eyebrows by buying big Finish Line stake
Sports Direct International pl, which now holds a 7.9 percent stake worth $47 million in Indianapolis-based Finish Line, isn't commenting on its intentions.