$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.
Investing
Articles
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.
Questions abound as HHGregg tries to right itself
After all the turmoil, investors are eager for signs that interim CEO Robert Riesbeck is righting the ship.
CNO Financial acquires stake in investment firm
The deal also calls for CNO to make general account investments of about $250 million over an undisclosed period of time. It also agreed invest $30 million in TCP's publicly traded business development company, TCP Capital Corp.
Hoosier startups grab $24 million in VC in first quarter
As venture investments ebbed in the first quarter nationally, Indiana slightly increased its pace of fundraising. Most of the funds, though, went to one company.
KIM: Stomach-churning periods aren’t unusual for market
The first quarter provided excellent examples of some timeless investing lessons. The stock market is inherently volatile.
Stricter rules unveiled for brokers giving retirement advice
The action, in rules issued Wednesday by the Labor Department, could shake up how billions of dollars in Americans' retirement investments are handled by brokers.
Broad Ripple tech firm gearing up for capital infusion, hiring binge
Fathom Voice, which sells cloud-based phone systems, is close to completing a $4 million fundraising round as it opens a San Francisco office and adds a prominent state official to its executive team.
At the NCAA, money is rolling in—but so are challenges
The NCAA is so flush these days that its board recently doled out an extra $200 million to Division I schools—even as the Indianapolis-based organization works to put to bed a thicket of high-dollar legal settlements.
Battered Auer mutual fund soldiers on
From the Auer Growth Fund’s debut in late 2007 through the end of 2015, its average annualized return was negative 5 percent, while the overall market rose an average of 6.3 percent annually.
SKARBECK: Rising corporate profits have justified bull run
Plenty of loud voices argue this long but lazy bull market has been manufactured by the Fed’s policies. That’s not what’s driving stocks.
Dow Jones index back in positive territory after surge
Another surge in U.S. stocks Thursday, on the heels of a four-week rally, turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016.
Investors to weigh Fed words for clues to future rate hikes
Most Fed watchers think the central bank wants more time to assess the financial landscape. Resuming its rate hikes too soon could slow growth or rattle investors again.
Midwest tech firms might skirt big valuation dips, experts say
The tailwinds that helped push valuations at private tech companies to sky-high levels have subsided considerably in 2016, but local experts think Midwest startups have little to fear.
KIM: Buffett tells shareholders ‘America’s never been greater’
As usual, Berkshire Hathaway CEO Warren Buffett’s annual letter to shareholders contained both timely commentary and timeless investment wisdom, delivered with wit, simplicity and humility
College endowments show losses in volatile stock market
A dozen funds that responded to requests for their returns for the first six months of fiscal 2016 showed an average loss of 3.8 percent. Indiana University’s loss was even larger.