Fast-growing tech companies slow to go public
Indiana hasn’t seen a company launch an initial public offering in nearly two years. When the next IPO comes, it likely won’t be a technology company.
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Few retailers ready for microchip credit, debit cards
As issuers roll out the more secure cards, few local retailers are ready to accept them ahead of the date when they become responsible for fraudulent transactions.
Yellen says she expects Fed to raise rates by year’s end
In a lecture Thursday, Federal Reserve Chairwoman Janet Yellen suggested that global economic weakness won't likely be significant enough to dissuade the Fed from raising its key short-term rate from zero by December.
Investment firm owner sentenced to 5-plus years for fraud
John K. Marcum, 51, of Fishers, received a 66-month sentence and was ordered make restitution of $3.9 million to 17 victims, including several who lost their life savings.
Indiana lawmakers push regulator to help Alcoa
Beer is giving one top U.S. financial regulator a headache. And so is a group of Indiana lawmakers, who want friendlier treatment for one of the state’s big employers.
U.S. stocks sink as investors mull Fed’s rate decision
U.S. stocks fell sharply Friday on concern about the outlook for global growth, one day after the Federal Reserve decided to hold off raising interest rates.
Globe-trotting financier launching angel firm
Indianapolis native Danny Chan, a managing director at Iconic Private Equity Partners, a Hong Kong-based firm, is back home in Indiana and ready to launch an angel investing group here that will help fund Hoosier startups of all stripes.
Five things to watch for from the Federal Reserve
Will the Fed raise the benchmark short-term interest rate from a record low on Thursday afternoon? Economists remain unsure, though the consensus seems to have shifted against the likelihood of an increase.
Hancock County man gets prison time for defrauding investors
A Hancock County man who defrauded 19 investors out of nearly $400,000 has been sentenced to 27 months in federal prison.
Software firm Emarsys lands $33 million in new funding
The Austrian software firm, which established its U.S. headquarters in Indianapolis in July, plans to use the money to fuel aggressive growth in North America and Central America.
Judge tosses lawsuit over Bank of Indiana’s flameout
The dismissal sidelines an array of allegations related to a soured purchase of bonds from prominent homebuilder Estridge Cos. and other transactions that went south.
U.S. unemployment rate falls amid modest job gains
Hiring in August was the slowest in five months. U.S. stocks opened lower Friday after the report left investors uncertain about the outlook for interest rate policy.
Student-loan giant USA Funds overhauls mission
USA Funds’ business is dying. But the Fishers-based not-for-profit with nearly $600 million in annual revenue is determined to find new life helping students pay for college degrees.
JPMorgan Chase settles suit over Christ Church trust accounts
The Monument Circle church suffered a setback in May after a judge threw out most of the case against the banking giant but give it a chance to refile most of its claims.
CEO’s abrupt exit raises questions about Stonegate’s future
Stonegate Mortgage didn’t give a reason for the sudden resignation of CEO Jim Cutillo, who founded the company in 2005. The surprise exit prompted analyst speculation that the Indianapolis-based company might be preparing to put itself up for sale.
UPDATE: U.S. stocks tumble as China slowdown deepens
U.S. stocks joined a worldwide selloff Tuesday amid continuing concerns that China’s slowdown will weigh on the global economy.
U.S. stocks close out their worst month in three years
August was a brutal month for investors. Fears about a slowdown in China’s economy and concerns about when the Federal Reserve will raise interest rates pushed stocks sharply lower.
University endowment returns falling short this year
U.S. public-university endowments are reporting fiscal 2015 returns that fail to meet the annual industry standard.
Fed bankers still not ruling out September rate hike
Recent stock market turbulence hasn’t made members of the Federal Reserve abandon the idea of a slight rate increase as early as September.
County assessors may push for stricter big-box tax laws
County assessors say a new law didn’t go far enough to protect counties from losing out on tax revenue from retailers in search of lower tax bills.