Investment firm owner sentenced to 5-plus years for fraud
John K. Marcum, 51, of Fishers, received a 66-month sentence and was ordered make restitution of $3.9 million to 17 victims, including several who lost their life savings.
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U.S. stocks sink as investors mull Fed’s rate decision
U.S. stocks fell sharply Friday on concern about the outlook for global growth, one day after the Federal Reserve decided to hold off raising interest rates.
Globe-trotting financier launching angel firm
Indianapolis native Danny Chan, a managing director at Iconic Private Equity Partners, a Hong Kong-based firm, is back home in Indiana and ready to launch an angel investing group here that will help fund Hoosier startups of all stripes.
Fed leaves key interest rate unchanged, citing low inflation
The Federal Reserve on Thursday decided to keep U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
Five things to watch for from the Federal Reserve
Will the Fed raise the benchmark short-term interest rate from a record low on Thursday afternoon? Economists remain unsure, though the consensus seems to have shifted against the likelihood of an increase.
Hancock County man gets prison time for defrauding investors
A Hancock County man who defrauded 19 investors out of nearly $400,000 has been sentenced to 27 months in federal prison.
Judge tosses lawsuit over Bank of Indiana’s flameout
The dismissal sidelines an array of allegations related to a soured purchase of bonds from prominent homebuilder Estridge Cos. and other transactions that went south.
U.S. unemployment rate falls amid modest job gains
Hiring in August was the slowest in five months. U.S. stocks opened lower Friday after the report left investors uncertain about the outlook for interest rate policy.
JPMorgan Chase settles suit over Christ Church trust accounts
The Monument Circle church suffered a setback in May after a judge threw out most of the case against the banking giant but give it a chance to refile most of its claims.
UPDATE: U.S. stocks tumble as China slowdown deepens
U.S. stocks joined a worldwide selloff Tuesday amid continuing concerns that China’s slowdown will weigh on the global economy.
U.S. stocks close out their worst month in three years
August was a brutal month for investors. Fears about a slowdown in China’s economy and concerns about when the Federal Reserve will raise interest rates pushed stocks sharply lower.
University endowment returns falling short this year
U.S. public-university endowments are reporting fiscal 2015 returns that fail to meet the annual industry standard.
Fed bankers still not ruling out September rate hike
Recent stock market turbulence hasn’t made members of the Federal Reserve abandon the idea of a slight rate increase as early as September.
Investors pursue sell-offs, push Dow up another 369 points
Investors were in a buying mood again on Thursday, driving U.S. stocks higher for the second straight day as they took advantage of this month’s sell-off.
Remy buyer played hardball leading up to $950M deal
Pendleton-based auto-parts maker Remy International Inc. did squeeze some extra cash out of its acquirer, Auburn Hills, Michigan-based BorgWarner Inc.—but not a lot.
Stocks snap six-day losing streak with huge surge
The Dow Jones industrial average rocketed more than 600 points Wednesday, its biggest one-day gain in seven years, snapping a six-day losing streak that had Americans nervously checking their investment balances.
Three charged with using inside information about ExactTarget
A former JPMorgan Chase & Co. analyst has been charged with leaking insider information to his friends, including a tip about Salesforce.com’s $2.5 billion acquisition of Indianapolis-based ExactTarget Inc. in June 2013.
Business owner ordered to pay $643K for securities fraud
Timothy E. Cook funded his personal expenses by falsely promoting stock in his Indianapolis-based cancer research firm Xytos Inc. long after it had ceased operations, according to a federal court ruling.
U.S. stocks surge after China cuts interest rates
Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
S&P takes significant hit amid global stock rout
The Standard & Poor’s 500 Index fell into a correction Monday for the first time since 2011 in one of the most volatile trading days ever, as a rout in global equity markets deepened.