Suspended lawyer in estate misappropriation case receives 8-year sentence
Stephen Schuyler pleaded guilty earlier this month to 15 felony counts, including theft.
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Torchlite closes $2M fundraising round, bolsters board
Former Salesforce executive Scott McCorkle has been named Torchlite’s executive chairman. The $2 million round brings the marketing firm’s total financing take to $4 million since its launch in 2015.
Investors watching more than rate hikes from Federal Reserve
There isn’t much suspense about what the Fed will announce regarding a rate hike when its latest policy meeting ends Wednesday. But economic observers are watching for additional reasons.
Trump administration calls for overhaul of Wall Street rules
The changes, outlined in a report released by the Treasury Department, urge federal agencies to re-write scores of regulations that bankers have frequently complained about in the seven years since the passage of the Dodd-Frank Act.
Expect two more Federal Reserve rate hikes in 2017, economists say
Though widely expected to raise rates this week, Fed policy makers are being pulled in two directions by a spirited drop in unemployment this year and a surprisingly listless reaction in wages and prices.
Brokerage resolves complaint with Skinner family for $3.5M
A prominent Indianapolis family that filed a complaint against an RBC Wealth Management broker seeking nearly $20 million in damages recently accepted $3.5 million to resolve the dispute.
U.S. House poised to roll back post-2008 financial rules
Republicans say many requirements imposed under what is known as the Dodd-Frank Act, named after its Democratic sponsors, have harmed economic growth by making it harder for consumers and businesses to get loans.
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.
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.
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.
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.
Life sciences firms see some fundraising success but need massive sums
Around Indiana, life sciences companies are searching high and low for venture capital to fund promising but expensive new products, which can take a decade or longer to develop.
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.
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.
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.
Securities-fraud clash to get U.S. Supreme Court scrutiny
The investors, led by the Indiana Public Retirement System, urged the Supreme Court not to take up the dispute.
IU Kelley school alums power venture group AngelBom
AngelBom is composed of alumni of the IU Kelley School of Business’ Business of Medicine Program and is a 6-month-old chapter of the angel investment group VisionTech Partners.
Yellen signals Federal Reserve likely to raise rates this month
Federal Reserve Chairwoman Janet Yellen said in a speech in Chicago that the Federal Reserve expects steady economic improvement to justify additional rate increases.
Stocks have record day as Dow closes above 21,000
The Dow Jones industrial average rose above 21,000 points for the first time in what was the biggest gain for the blue-chip index so far this year. The S&P 500, the Nasdaq composite and the Russell 2000 also reached record highs.