COX: Converting to a Roth IRA offers considerable tax breaks
The deadline for converting traditional individual retirement accounts to Roth IRAs arrives at the end of the 2009.
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PITTSFORD: Business ownership brings stability and greater financial rewards
Owning your own business is more attractive today than ever, especially if you are in your 20s or 30s.
A battered stock market is no reason to stop investing for a college education
It’s no time to be cautious about investing for a college education. Rather, the drop in the stock market presents an ideal time to be aggressive.
Ex-Lampoon exec Dan Laikin admits to stock fraud
Carmel businessman Dan Laikin pleaded guilty this afternoon to participating in a fraudulent scheme to pump up the stock price
of National Lampoon Inc., the Los Angeles-based entertainment company he led.
SKARBECK: Hedge fund superstars take it on the chin
Lauded as “masters of the universe,” the star investment managers overseeing the largest hedge funds built
huge expectations they couldn’t fulfill.
Schrenker held on $4 million bond after not-guilty plea
Jailed former money manager Marcus Schrenker has been appointed a public defender after telling an Indiana magistrate he has
no home and that the government has frozen all his assets.
Schrenker in Indiana to face fraud charges
An money manager who tried to fake his own death in a Florida plane crash will make a video appearance in court to face Indiana
felony charges stemming from his financial dealings.
HAUKE: Market the moodiest of economic indicators
Hello, operator? Yes, we seem to have a disconnect. Everyone still has their foul-weather gear on, but the stock market
is calling for blue skies. Can you try the line again, please?
Judge refuses to reduce bond in church fraud trials
An Indiana judge today declined to reduce the $1.5 million cash bonds for a former pastor and his sons charged with bilking
church members nationwide out of millions of dollars.
Oak Street Funding raises $50 million in new capital
German group invests in Carmel-based company that specializes in financial services for insurance agencies.
SKARBECK: Iceland offers case study of economy out of control
Nowhere else on the stage of global economics was financial boom and bust more surreally scripted than in the small isolated
country of Iceland.
HAUKE: Some lessons to share as personal milestones approach
This September
will give me 15 years as a professional in the securities industry. My firm will celebrate 10 years this November.
Venture firms recapitalize Advanced Physical Therapy LLC
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
First Indiana deals stemmed from broader probe
The insider-trading settlements announced by the Securities and Exchange Commission this week were an outgrowth of a broader
inquiry into trading in First Indiana Corp. by dozens of people before its sale two years ago, according to a former director
of the bank.
Locals settle First Indiana insider-trading case
The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents
who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a
Milwaukee bank for a 42-percent premium.
Green light for local IPOs?
If nothing else, you have to admire the patience shown by ExactTarget and Aprimo, two of the area’s hottest tech companies,
as they await better conditions to launch their initial public offerings.
SKARBECK: For numerous banks, times still troubling
Every Friday after the markets have closed, my e-mail starts getting dinged by the FDIC. That is when the government agency
publicly announces the names of banks that failed during the past week.
Biglari consolidates power, as Steak n Shake rebounds
The Texas investor running the chain doesn’t seem like such a champion of transparency these days.
Schrenker faces nine more charges in Indiana
An Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his
death and flee financial ruin now faces more charges in his home state.
HAUKE: Storybook market may last a bit longer
People keep asking me
to explain the stock market advance over the past five months. There are usually comments at the end of the question, like,
“The economy sucks. How can the market go up when there is nothing going on out there?”