City Securities’ lesser-known sibling sells
The parent of City Securities Corp. has sold its biggest subsidiary to a New York-based real estate holding company, a move that’s expected to give the niche operation room to grow.
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U.S. stocks resume selloff as ‘Brexit’ angst continues
U.S. stocks on Monday resumed a selloff sparked by Britain’s shock vote to leave the European Union, with the Dow Jones industrial average falling more than 250 points.
U.S. stocks tumble after Britain’s vote to leave EU
Markets in America mirrored a worldwide selloff Friday morning as the U.K.’s decision to leave the European Union fanned speculation that a divided Europe would hinder already fragile global growth.
Markets plunge as Britain decides to exit European Union
The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.
Thorn in side of Noble Roman’s dumps stock for big loss
An Atlanta-based activist investor that had blasted Noble Roman’s Inc.’s management and called for the company’s sale has reversed course.
SKARBECK: Pricey LinkedIn purchase reflects frenzy over cloud
Microsoft threw a curveball to investors this month with its $26.2 billion purchase of LinkedIn. The $196-per-share cash offer was 47 percent above LinkedIn’s stock price of $133 per share.
Endowment’s rising assets give Indy competitive edge
After a long swoon, the Lilly Endowment is packing an increasing philanthropic punch. Assets climbed to $11.8 billion in 2015, the fifth straight year they rose.
Biotech firm lands funding for cancer targeting
Animated Dynamics Inc. has raised $1.7 million in early funding to help it get its technology to market.
Former Finish Line execs help sports-software firm score $1M
Indianapolis-based Upper Hand Inc. got an assist from investors including Finish Line Inc. co-founder Larry Sablosky.
DemandJump attracts more big-name investors with $1.8M round
The marketing software company, which was named “Startup of the Year” by TechPoint, has lured equity capital from Collina Ventures partner Mark Hill and a prominent Boston-based venture capitalist.
Regulators discipline former local financial brokerage workers
Financial industry regulators banned one brokerage firm employee for life for impersonating customers, suspended another one for making unauthorized trades and are seeking punishment for a third.
Judge sentences ex-Carmel financial adviser to nearly 5 years in prison
Investigators said Jaime C. Lopez swindled hundreds of thousands of dollars from investors—using money he was supposed to invest to buy automobiles, make mortgage payments and pay for home landscaping.
Changes in retail expand gulf between haves, have-nots
It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
Fed raises likelihood of a June interest rate hike
The minutes of their most recent meeting in late April show that Federal Reserve officials widely felt it would be appropriate to raise rates at their June 14-15 meeting as long as hiring and economic growth further strengthened.
$3B Disciples pension fund in transition
Rev. Todd Adams takes the helm this summer, succeeding James P. Hamlett, 67, who is retiring. Adams will aim to keep the fund on strong footing despite declines in church membership.
Broad Ripple media firm nets $25M in equity round
Odyssey, a Broad Ripple firm behind a fast-growing website for millennials, has raised a game-changing sum as it plans more hires.
Enrollment gains help Anthem top analysts’ earnings expectations
The company, which is in the process of buying rival insurer Cigna Corp. for $54 billion, said medical enrollment has climbed by about 1 million members since the end of 2015, reaching 39.6 million members.
Lilly sales rise, but higher costs push down profit
Lilly got a boost from a stable of new drugs but saw sales tumble for longtime stalwarts Cymbalta and Humalog. Meanwhile, R&D costs rose as the company ushered products through its late-stage pipeline.
Fed likely to keep rates unchanged in face of global slump
With the global economy struggling and U.S. inflation still below the Fed's target rate, many economists see little likelihood of a rate increase even before the second half of the year.
Gannett makes $815M bid for Tribune Publishing
The publisher of USA Today and the Indianapolis Star went public with an $815 million offer for Tribune, which owns the Chicago Tribune and Los Angeles Times.