HHGregg shares cease trading on New York Stock Exchange
The New York Stock Exchange on Tuesday suspended trading of HHGregg Inc. shares as it began proceedings to delist the struggling retailer’s common stock.
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College endowments suffer ‘lost decade’
Officials overseeing endowments at some of Indiana’s colleges and universities have cut back on spending, or are considering doing so, after struggling to grow their funds over the past decade.
Noyes creates bond unit with City Securities vets
Three former City Securities fixed-income experts have joined Noyes, giving the firm’s new bond unit more than 150 years of sector experience.
Regulators sanction investment broker with fine, suspension
Authorities say David Girton failed to disclose several civil judgments and tax liens against him in a timely fashion, in violation of financial industry regulations.
SKARBECK: State’s investment strategy for pensions not paying off
Following the trend of diversifying investment types has dampened returns for Indiana’s public pension plan.
Activist investors enjoying a profitable ride at Allison Transmission
ValueAct Capital parted ways with the Indianapolis-based commercial-transmission manufacturer after turning its $345 million investment into $622 million, not including dividends.
Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
Eli Lilly earnings rise sharply but narrowly miss analysts’ expectations
The Indianapolis-based drugmaker got a revenue boost from a host of new medications but also saw sales fall sharply for some older products.
Lawmakers propose bill to expand venture capital tax credit
The bill would increase the cap on the amount of tax credits investors could claim, as well as make the credits useful for out-of-state investors.
Indiana tech IPOs becoming a rarity
Global forces are swaying tech companies to delay or forgo going public, and acquisitions seem poised to play a bigger role in the exit strategies of Hoosier tech firms.
Allure of IPO fades for fast-growing Hoosier firms
Candidates for initial public offerings are increasingly opting for mergers or private equity instead.
UPDATE: Dow Jones industrial average closes above 20,000 mark
Other major U.S. indexes also closed at all-time highs Wednesday.
Indiana settles with securities firm over agent who ran Ponzi scheme
The state has settled with NYLife Securities LLC over the activities of an Indiana wealth manager with an extravagant lifestyle who killed himself while being investigated for operating a Ponzi scheme that took millions of dollars from dozens of investors.
Reports on Indiana VC activity differ starkly
Last year, one research firm pegged Indiana’s 2015 venture capital activity at about $55 million. This year, another firm said it was about $157 million.
FOCUS: Will Trump’s policies push markets higher?
Six experts talk about what the new administration, rising Fed rates, oil prices, Brexit and more mean for 2017.
SKARBECK: A memo about investing to my daughters and nieces
In prior generations, women were often in the dark on money matters. Taking an active role from the start to oversee your financial future will benefit you over the long term.
Ed-tech startup raises $1.25M from investors, including Simon family members
This is the second capital raise for ClearScholar, which runs an app for college students that aims to be a primary digital destination for school information.
Two men charged with securities fraud for alleged Ponzi scheme
George R. McKown, 65, of Indianapolis and another man are accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings.
Sears Holdings lines up $200M in financing to stay afloat
The move signals that hedge fund manager Eddie Lampert remains committed to bankrolling Sears, even as the once-mighty department-store chain suffers from dwindling sales and billions in red ink.
SKARBECK: State has come long way since its founding in 1816
One can argue that 200 years is the blink of an eye in the transcript of history. It’s remarkable to observe the progress that has transpired in Indiana since statehood was achieved in 1816.