Sale may extricate Harlan Labs from its debt problems
San Francisco-based Genstar Capital is exploring selling the 2,600-employee company in the wake of failing early this year to renegotiate the company’s massive debt load.
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Home loan banks drop objection to $8.5B settlement
Lawyers for the Federal Home Loan Banks of Boston, Chicago and Indianapolis on Wednesday told a New York Supreme Court judge they are withdrawing from the case against Bank of America Corp.
Strategist: Get ready for steady economic growth
Businesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
Fair bankruptcy judge issues $33M verdict against Dan Laikin
The case stems from a line of credit the Indianapolis businessman received from Tim Durham's Fair Finance Co. Attorneys for the failed company said Laikin amassed tens of millions of dollars in debt he never repaid.
S&P 500 closes week at another all-time high
Strong third-quarter results from technology companies drove investors into stocks on Friday, giving the market its third straight weekly gain.
State pension board postpones decision on annuities
Indiana pension officials say they want more information from lawmakers before they consider abandoning a plan to privatize one part of a retirement plan for teachers and public employees.
First Internet profit falls on rising interest rates
Shares of the Indianapolis-based bank took a nosedive during trading Friday morning after it reported its third-quarter earnings.
Tech deal escalates battle of titans
The CEOs and of four cloud marketing companies–two national and two local–might make Indianapolis into a bridge between two feuding Silicon Valley giants. Or put the city in the middle of an aggressive arms race in one of the tech industry’s hottest markets—cloud marketing.
Foreclosure suit tests HDG Mansur on a new front
HGCC Lender LLC this month filed a $4.8 million foreclosure suit and asked a court to appoint a receiver for Hamilton Proper’s 279-acre Hawthorns Golf & Country Club.
Lawmakers ask pension board to keep annuity plan in-house
A legislative commission recommended Monday that pension officials scrap a proposal to privatize one part of the state retirement benefit system.
S&P 500 pushes further into record territory
General Electric, Morgan Stanley and Google all rose after reporting higher earnings than financial analysts were expecting. Google topped $1,000 a share for the first time.
Parade of settlements continues for local securities firms
A third securities firm in the region has been slapped with sanctions by federal regulators.
Simon’s 20-year run has made investors a bundle
Simon Property Group now is the largest real estate company in the world and has a stock market value of $59 billion. That’s $6 billion more than Eli Lilly and Co., not that Simon's hypercompetitive CEO, David Simon, has noticed.
REED: Indiana’s bank, thrift stocks fully recovered
Most remember well the financial crisis that led to the Great Recession. The problems were complex and big, and there were many villains and many more victims.
Cyber bandits are finding new ways into bank vaults
Corporate account takeovers are high stakes for heists.
Indiana-based Springleaf’s shares rise after $336M IPO
Springleaf Holdings Inc. provides non-prime consumer loans through a network of 834 offices and online.
Training firm Adayana seeks bankruptcy protection
Indianapolis-based training firm Adayana Inc. said it sought Chapter 11 bankruptcy reorganization this week after two years of unsuccessfully trying to restructure its debts out of court.
Investment pool head seeks GOP state treasurer nod
TrustINdiana investment pool director Kelly Mitchell emailed GOP county chairs over the weekend to announce she's running for the office.
Poll: Half of older workers delay retirement plans
Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday.
Lilly stock shrugs off analyst downgrade
The drugmaker has become too reliant on its remaining pipeline of drugs under development for growth as it deals with patent expirations to big sellers and drug-development setbacks, a Jefferies analyst wrote.