Carmel family members accused of securities fraud
The Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors in a scheme to sell ownership interests in rental properties.
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UPDATE: First Internet slips 2.5 percent in debut on NASDAQ
Shares of the Indianapolis-based bank finished their first day on the NASDAQ exchange at $28.50, a 75-cent drop from their opening price. The stock had been listed on the thinly traded over-the-counter market.
Market’s surge fuels wave of executives’ insider selling
Insiders at Indianapolis-area companies cashed in millions of dollars of their own companies’ shares this month, a selling spree that might reflect growing sentiment the market rally is ending.
Critics of WellPoint choice may not be easily swayed
It's way too early to declare the board dysfunctional for making a surprise choice—Joe Swedish, CEO of Michigan-based hospital system Trinity Health—for the company’s new CEO.
IU professor patents tweet-analyzing software
Researchers have found that when people get more anxious, there is a good chance of the market dropping three or four days later.
WellPoint hikes quarterly dividend by 30 percent
The Indianapolis-based health insurer expects to return about $2 billion to shareholders this year, through the dividend and share buybacks.
Indiana tries to close loophole that helped Durham commit fraud in Ohio
The legislature is considering a bill that would require intrastate securities offerings to file audited financials, a safeguard that caused trouble for Fair Finance investors.
Does hybrid-tech startup have investors too revved up?
Echo Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading volumes can translate into wild swings in stock price.
Families sue to recover lost investments
A central Indiana county commissioner, his wife and members of three other families who lost more than $700,000 they invested in businesses state officials say were shell companies are suing two men accused of orchestrating the scheme.
S&P 500 in longest winning streak since 2004
The Standard & Poor's 500 index closed above 1,500 on Friday for the first time since the start of the Great Recession in 2007, lifted by strong earnings from Procter & Gamble and Starbucks.
Michigan lawyer claims Indiana prosecution was political
A Michigan attorney claims in a lawsuit that former Indianapolis prosecutor Carl Brizzi and former Indiana Secretary of State Todd Rokita used unwarranted charges against her in a cemetery theft scheme to enhance their political reputations.
ITT suffers tough quarter on enrollment drop, loan losses
ITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5 million loss in the fourth quarter. But the stock rebounded strongly later Thursday.
Ex-councilor Bateman agrees to plead guilty to fraud charges
Paul C. Bateman Jr., a former Democrat city-county councilor, agreed to plead guilty Wednesday to 13 counts of money laundering and wire fraud for his part in defrauding an Indianapolis physician of $1.7 million.
Lampoon paid for Durham’s defense, trustee alleges
Fair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that National Lampoon funded convicted Ponzi schemer Tim Durham’s defense. Durham is a former CEO of the film company.
Local buyout firm acquires New York shapewear maker
Indianapolis investment firm E&A Industries has acquired a fast-growing New York apparel firm specializing in body-slimming fashions, the companies announced Tuesday.
Local tooling manufacturer acquired by private-equity firm
Techniks Inc., a designer and distributor of industrial cutting tools, has been acquired by Tenex Capital Management. Tenex, in turn, merged Techniks into another of its companies, Jasper-based Nap Gladu, to form a new holding company.
Indiana firms see big drop in venture funding
Venture capital investments in Indiana dropped off in 2012, but local investors see the market here steadily gaining strength.
Leader of fraud scheme pleads guilty to 20 counts
Michael Russell faces between 57 and 71 months in prison for defrauding an Indianapolis investor of $1.7 million. Two associates, Paul Bateman, a former City-County councilor, and Manuel Gonzalez, have pleaded not guilty and are set for trial Feb. 11.
HHGregg ratchets back, but analysts still uneasy
HHGregg now has 228 stores in 20 states. So it has grown a great deal. But the “exceptional store economics” it used to promote are gone, thanks largely to a breathtaking collapse in sales of flat-screen televisions.
Analyst cuts Cummins rating, citing rise in shares
Analyst Stephen Volkmann lowered his rating on the engine maker's stock to "Hold" from "Buy," noting that the shares have risen 30 percent from their October lows and are now just 10 percent below all-time highs.