State makes $31M settlement with securities firm
Raymond James has agreed to return $31.2 million to Indiana investors by repurchasing some auction rate securities. The firm also will pay fines totaling $63,000.
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Judge nearly sends Durham back to halfway house
Magistrate Judge Kennard Foster said Durham should not continue living at his sister’s house or move back to his mansion because both are in foreclosure.
UPDATE: Stocks plunge again on more economic fears
The U.S. and European economies are "dangerously close to recession," Morgan Stanley economists wrote in a report.
Durham asks to move back into his mansion
Indicted financier Tim Durham has asked a federal judge to allow him to move from his sister’s home in Geist back to his 20,000-square-foot mansion. Durham has been living with his sister on home detention since his April arrest.
U.S. stocks open higher after positive retail report
A strong report on retail sales in July helped send U.S. stocks higher early Friday after a week of record-setting losses and gains on Wall Street.
SKARBECK: Market volatility should be seen as an opportunity
To a long-term, value-oriented investor, volatility should be viewed as opportunity. The crazy prices that are occasionally offered up by a roller-coaster market in periods of uncertainty allow for the purchase of undervalued securities.
Weak market could derail Allison’s planned IPO
Indianapolis-based Allison Transmission in March said it planned to raise $750 million through a public stock sale, but the economic outlook has darkened since then.
UPDATE: Stocks soar on small positive economic signs
Wall Street's wildest week since 2008 continued with another 500-plus point move for the Dow on Thursday.
Dow drops more than 500 over economy concerns
The Dow Jones industrial average fell 519 points, or 4.6 percent, to close at 10,719.94 on Wednesday, wiping out the 429-point gain from Tuesday.
Stocks plunge after market’s opening
The Dow Jones industrial average fell 413 points, or 3.7 percent, to 10,827, in morning trading Wednesday. That erased nearly all of its 429-point gain from Tuesday, when the Federal Reserve pledged to keep its key interest rate at nearly zero into 2013.
Fed to keep interest rate near zero for 2 years
The Federal Reserve said Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought and faces increasing risks.
Late surge gives stocks largest advance in two years
U.S. stocks on Tuesday rallied after the Federal Reserve said it was prepared to use a range of tools to bolster the economy.
Indiana stocks part of massive Wall Street sell-off
Stock prices hurtled lower Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt. Indiana stocks were part of the carnage.
Local stocks pummeled in global sell-off
Stock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard & Poor’s downgrade of U.S. debt spooked investors worldwide.
KIM: Managers with skin in game most likely to perform well
It seems perfectly logical that you want to invest with a manager or fund where the manager has a significant amount invested alongside you.
Global micro lender Grameen ramps up in Indianapolis
Low-income women could receive loans in weeks.
Fair sues Shelbyville bank over sale of Durham Duesenberg
Fair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
Stocks slump as concerns about economy grow
The Dow Jones industrial average sank 265 points on Tuesday and all three major stock indexes fell more than 2 percent as investors reacted to more signs of weakness in the U.S. economy and poor earnings from several big companies.
SKARBECK: Regulators aren’t so bad, and we really need them
while the cost of regulatory compliance can be annoying, they do serve a vital societal function—consumer protection.
Eli Lilly’s Elanco unit blossoming at just the right time
An investment firm projects that the Elanco animal-health business will generate sales of nearly $2 billion by 2012 and surpass $3 billion by 2018.