Investment pros staying calm after rate fears clobber stocks
Many fund managers and analysts say they’re optimistic stocks can keep rising, even if interest rates continue to climb.
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Dow drops more than 500 points as investors fret over higher interest rates
Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month rattled equity investors who haven’t seen a week this bad in two years.
Fed leaves key rate unchanged at Yellen’s final meeting
The Federal Reserve said it expects the steadily strengthening economy to warrant further gradual increases in its benchmark rate.
Fear, respect for Amazon fuels deals, alters corporate strategies across Indiana
More deals could be on the horizon as dozens of companies—including local powerhouses such as Simon, Eli Lilly and Anthem—game out what Amazon’s huge ambitions could mean for their bottom lines.
Mergers, acquisitions off to hottest start since 2000
North American companies, which fell out of favor among acquirers last year, are back on the shopping list in 2018, making up almost 60 percent of all announced transactions in 2018.
Two Hoosier companies pull off IPOs
OrthoPediatrics Corp. raised $52 million on Oct. 12, and Carmel-based Merchants Bancorp raised $115 million on Oct. 27.
Greenwood broker banned for life from trading securities
Regulators say the broker violated industry rules by refusing to cooperate in the investigation of a customer complaint against him.
U.S. stock rally lifts Dow to first close above 26,000 points
The sharp gains also delivered record highs for the Standard & Poor's 500 index and the NASDAQ composite.
Tim Durham fraud victims eke out additional recovery
Investors in the Durham-owned Fair Finance Co. are slated to receive an additional $5 million soon, boosting their recovery to $23 million—which works out to about 11 cents on the dollar for their $208 million in losses.
Former Indianapolis entrepreneur charged with fraud in real estate deal
An entrepreneur, rapper and actor who had dreams of becoming a major Indianapolis real estate developer faces charges of securities fraud, the Indiana Secretary of State’s office said Tuesday.
Will bull market continue through 2018? Financial pros weigh in
As 2018 gets under way, investors are wondering whether the good times will continue to roll. Some financial pros are optimistic, thanks to the economy’s robust growth and the anticipated stimulative effects of the GOP’s newly passed tax-reform plan.
Dow Jones industrials climb above 25,000 for first time
The Dow Jones industrial average closed above 25,000 points on Thursday just five weeks after its first close above 24,000.
Centerfield raises $310M, includes 2 local companies among investments
The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.
U.S. stocks mounted milestone-shattering run in 2017
The S&P 500 index finished the year with a gain of 19.4 percent, more than double its increase in 2016. The index notched 62 record highs this year.
World’s wealthiest gain $1 trillion in 2017 on market exuberance
The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs.
Convicted fraudster accuses attorney of secret relationship with his then wife
In an attempt to reopen his case, Keenan Hauke says Barnes and Thornburg partner Larry Mackey—who is now married to Hauke’s ex-wife—did not adequately represent him.
Dow Jones industrial average closes above 24,000 points
Stocks powered to new highs on Wall Street on Thursday, giving the Dow Jones industrial average its biggest gain since March and putting it past 24,000 points for the first time.
CNO CEO Bonach has left mark on far more than his company
Ed Bonach became active in the community partly to send a message to the company’s beaten-down workforce that “you don’t have to hang your head about being part of this company. We are doing a lot of good things, and we will be doing more of them.”
LDI to lose ownership of motorsports firm that’s filed for bankruptcy
In a deal called “one of the most important” stories in the motorcycle industry this year, a company controlled by Indianapolis-based business-holding firm LDI Ltd. has filed for Chapter 11 bankruptcy after racking up about $440 million in debt.
Calumet Specialty warned by Nasdaq for delaying quarterly report
Indianapolis-based Calumet Specialty Products Partners announced Nov. 10 that it was “in the later stages of an enterprise resource planning (ERP) system implementation,” which delayed the third-quarter report.