Banking & Finance
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Five questions: Indiana treasurer ponders course for yield rise
Richard Mourdock, a 62-year-old geologist and former coal-mining exec in his second term as Indiana treasurer, discusses his approach to managing $7 billion in state funds.
Indy-based website for coaches scores key VC investment
The startup operating from SoBro plans to expand its market with the cash infusion, connecting athletes and teams to qualified coaches.
Committee considers but doesn’t vote on new VC tax credit
Senate Bill 165, authored by Republican Sen. Randy Head of Logansport, would distribute up to $10 million in tax credits to venture capital firms investing in Indiana businesses.
Bill meant to protect credit scores considered by committee
Senate Bill 175 would restrict the use of credit checks in reducing credit scores.
Funding drought pinches life sciences firms
Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.
Cash-strapped Fair Finance CFO agrees to $50M settlement
An attorney for Rick Snow says the executive agreed to the deal because he lacked the money to fight the suit, not because he actually has the money.
Corn pile biggest since 1994 as crop overwhelms use
Stockpiles of corn in the United States, the world’s top grower, are rising at the fastest pace in 19 years as a record crop overwhelms increased demand for the grain used to make livestock feed and ethanol.
Lawmakers consider state-assisted retirement plan
Senate Bill 66 creates a state-assisted savings plan for retirement. The bill is opposed by the Association of Indiana Life Insurance Companies.
Senate confirms Yellen to chair Federal Reserve
Janet Yellen, 67, will replace Ben Bernanke, who is stepping down after serving as chairman for eight years dominated by the Great Recession and the Fed's efforts to combat it.
After year of stock records, a weak start to 2014
The Standard & Poor's 500 index began the New Year with its worst performance in three weeks as energy and technology companies pulled down the stock market.
2013 was the year of unstoppable stocks
Instead of worrying about the wider world in 2013, investors focused on the Federal Reserve and the outlook for its stimulus program.
Investment manager sees good growth prospects for 2014
Tom Pence predicts change for U.S. manufacturing.
Indianapolis-based hedge funds subject to market forces, too
Five years after the crash, the luster of hedge funds isn’t what it used to be.
Old National to pay $500,000 civil penalty
The Office of the Comptroller of the Currency in June 2012 said it had identified "deficiencies in the Bank's overall program" for complying with the Bank Secrecy Act.
Target says customers’ encrypted PINs were stolen
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
Average 30-year mortgage rate climbs to 4.48 percent
Rates are sharply higher than they were a year ago when the 30-year fixed rate was 3.35 percent and the 15-year was 2.65 percent.
Young CEO has big plans for employee-training software firm
Upstart Lesson.ly, an Indy-based developer of training software, is run by a 25-year-old and is trying to cut into a $42 billion market dominated by titans such as IBM and Oracle.
U.S. credit card info is easy pickings for hackers
Incidences like the recent data theft affecting 40 million Target customers could become more common as retailers, banks and credit card companies argue over who should pay for security upgrades.
Fury and frustration over Target data breach
Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.