Steak n Shake reportedly retires $153M in debt, averting possible bankruptcy
Steak n Shake was preparing for a potential Chapter 11 filing earlier this month while the company negotiated with holders of the debt, Bloomberg had reported.
Finance
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IBJ Podcast: Should you talk to your adult kids about their inheritance?
In this week’s podcast, Peter “Pete the Planner” Dunn says parents aren’t doing their adult kids any favors when they share details about their net worth or estate planning. In fact, doing so can cause far more problems than it solves.
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IBJ Podcast: This is the number you really need to know to save enough for retirement
Peter “Pete the Planner” Dunn breaks down the factors you must consider when building up your retirement nest egg.
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IBJ Podcast: Pete the Planner explains what’s scaring him about the economy right now
IBJ columnist Peter Dunn offers advice for people who are in financial trouble right now because of the pandemic, those who are at risk of trouble and those who are likely to escape relatively unscathed, if not in a better position than when the pandemic started.
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Software firm Lessonly scores $15 million in latest venture funding round
The funding—secured before the coronavirus hit the U.S.—will be used to fuel growth across all segments of the company, said Lessonly CEO Max Yoder.
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Articles
Dealmaking activities have largely moved online for social distancing. Will the new habits stick?
Since the pandemic has shifted many of these interactions online, local dealmakers say they feel the loss of assessing non-verbal cues and interactions among members of a management team as they decide whether to acquire companies or invest in startups.
Fast-growing startup to add 225 jobs, expand Carmel headquarters
Kinetic Advantage, which helps finance inventory for independent car dealers, launched last July, but has already grown to 65 employees and is operating in 26 markets.
It’s wise to be skeptical of 2021 market forecasts
If anything, 2020 should have proven once and for all the futility of trying to make accurate market predictions.
Environmental, social and governance issues are shaping investment portfolios like never before
The approach now known as ESG investing has been around for decades, but it started to take off in Europe and the United States in late 2018 and early 2019.
Emmis launches ‘blank check’ firm, on hunt for media, tech acquisitions
The new firm, led by Emmis Communications executives, could raise as much $230 million to buy one or more companies and take them public.
Pete the Planner: Excessive spending will cause pain in long run
@et meaningful financial goals. These goals should bring a great sense of accomplishment, once you achieve them.
Money: Try touchless payment to avoid dirty money
Since January, no-touch payments have increased at 69% of retailers surveyed by the research firm Forrester on behalf of the National Retail Federation. And two-thirds of retailers surveyed now accept some form of no-touch payment.
Millennial Money: Six Great Recession lessons that still apply
Save what you can, think twice before rejecting a job offer, protect your credit but protect yourself first and more from Millennial Money.
Millennial Money: Transition from work-at-home novice to pro
As work and home life meld, it’s difficult to maintain boundaries, stay productive and take care of your mental health amid the pandemic.
Westfield mayor orders financial review of all city practices, accounts
The move by Mayor Andy Cook follows a controversy in July over contracts for Grand Park Sports Campus and his veto of a city council resolution for review and approval of all Grand Parks contracts.
Money: How ‘maximizers’ can cut decision-making angst
Our determination to make the optimal choice means we’re often plagued by buyer’s remorse as well as decision paralysis.
Armed with $100M, Novus Capital prowls for acquisition
The “blank check company”—formed to acquire one or more businesses and merge with them as a way to take those companies public—closed its funding round in May and is looking for a business to buy.
Record-low interest rates have sparked a refinancing free-for-all
A borrower who took out a 30-year, $200,000 mortgage in 2018 at an interest rate of 4.55% would have a monthly payment of $1,019. By refinancing into a 30-year mortgage with a 3.46% interest rate, the monthly payment would drop to $865.
Former Celadon affiliate 19th Capital sold in deal that should save dozens of jobs
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
Boone County group offering loans for small businesses hit by crisis
Approved businesses will also be eligible for one-on-one business plan consulting through the term of the no- or low-interest loans.
Carmel auto finance firm calling it quits after 33 years, terminating 127 employees
Carmel-based auto finance company Coastal Credit LLC plans to end operations and terminate all of its employees by the middle of this year, the company said in a letter to the state.
Indiana unemployment dipped to 3.1% in January
In a snapshot of the state’s workforce from January, private employment grew in the transportation, hospitality, education and health sectors while declining in manufacturing.
With unprecedented force and speed, a global recession is likely taking hold
Across the country, consumer spending—which supports 70% of the economy—is grinding to a halt as fears of the escalating coronavirus pandemic keep people from stores, restaurants, movie theaters and workplaces.
Pete the Planner launches ‘affordable’ financial advice service
Peter Dunn has launched Hey Money, a financial help subscription service that targets “consumers who don’t yet have the wherewithal to hire a fee-based money adviser.”