Groveland Capital, which owns shares in Steak n Shake parent Biglari Holdings Inc., says it is offering to withdraw its slate of directors if Biglari’s board adopts the governance demands it has submitted.
Just call 2014 the year of the corporate spinoff frenzy. And 2015 might be just as crazy.
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.
The show, which airs at 10 p.m. Thursday, follows Durham’s path from his modest roots in Seymour, Indiana, through his quest to become the world’s richest businessman to his arrest and conviction for running a $200 million Ponzi scheme.
Venture capitalists poured a whopping $48.3 billion into U.S. startup companies last year, investing at levels that haven't been seen since the heady days before the dot-com bubble burst in 2001.
New court documents accuse attorneys for hardware store titan John Menard Jr. of offering to pay a $200,000 legal settlement to a former executive at a Menard-controlled company if he provided helpful testimony in their cases against Steve and Tomisue Hilbert and their friend Lisa Trudeau
As of June 30, First Merchants Bank had amassed $958 million in deposits at 27 Indianapolis-area offices, placing it 10th, Federal Deposit Insurance Corp. data shows.
Despite an auction of inventory to satisfy a debt, Aronstam Fine Jewelers is in no danger of closing, the store’s owner says, thanks to the help of outside investors.
One of the state’s largest privately held banks could bring in as many as 500 new shareholders to help fund growth. A planned acquisition fell apart early last year.
Minneapolis-based Groveland Capital LLC has filed notice that it will seek to replace Sardar Biglari and Biglari Holdings Inc.’s other five directors with its own nominees at the company’s annual meeting.
Both euphoria and panic are easily treated by a disciplined regimen of patience and perspective.
Nadine Givens climbed the ladder beginning from a childhood in which she worked at the convenience store her mother managed.
Anthony Heyworth, a long-time central Indiana banking executive, served on the boards of several companies and not-for-profits.
Anderson-based Flagship Enterprise Center, which makes business loans at levels far below most banks, recently earned approval to operate in 24 counties, up from 10.
Colette Irwin-Knott, the first female partner at Umbaugh, has retired after 33 years at the municipal financial advisory firm.
The number of people seeking jobless benefits has been at historically low levels for 14 of the past 15 weeks. That indicates companies are retaining workers and expecting economic growth to continue.
The Federal Reserve is edging closer to raising interest rates from record lows but Chairwoman Janet Yellen said she foresees no rate increase during the first quarter of 2015.
Shares of Eli Lilly and Co. were on the rise Tuesday morning, a day after the drugmaker announced its first dividend increase in more than five years.
The findings suggest that many Americans are being trapped by debt because they are confused by the notices they get from hospitals and insurance companies about the cost of treatment.
Federal data show Hoosier credit unions’ growth rates lagging most of their national peers, but it may not be such a bad thing.
