There were no signs of a celebration on Wall Street after the Dow Jones industrial average closed at an all-time high Tuesday. Maybe the memories of the financial meltdown are too fresh, or outlook for the economy is too uncertain.
The Dow Jones industrial average closed at a record Tuesday, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.
KAR Auction Services Inc. said Monday that there will be a secondary offering of 13 million shares of its common stock.
Carmel-based NextGear Capital plans to add 169 jobs at a new office in Carmel, the company announced Monday morning.
Washington, D.C.-based Carlyle Group LP, the world’s second-biggest private-equity firm, was awarded a contract to manage a new $150 million investment fund on behalf of the Indiana Public Retirement System.
Film company once headed by Indianapolis financier Tim Durham says he transferred $1 million to his Indianapolis lawyer, John Tompkins, while fighting federal securities fraud charges.
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using sites such as Fort Harrison and the former Central State grounds.
With the Dow Jones industrial average and the Standard & Poor’s 500 index hovering at or near all-time highs, one would think the stock markets would be highly receptive to initial public offerings in 2013, even if the economy disappoints.
Consumers want more than ‘one message fits all.’
Fast-growing Indianapolis company is pushing to fill a vacuum in the housing market.
The Indianapolis-based bank, launched just 14 years ago, is reaching all-time highs in assets and profitability and plans to become a $1 billion institution by 2015.
The Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors in a scheme to sell ownership interests in rental properties.
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay off the $1.8 million balance on its mortgage.
Shares of the Indianapolis-based bank finished their first day on the NASDAQ exchange at $28.50, a 75-cent drop from their opening price. The stock had been listed on the thinly traded over-the-counter market.
Insiders at Indianapolis-area companies cashed in millions of dollars of their own companies’ shares this month, a selling spree that might reflect growing sentiment the market rally is ending.
It's way too early to declare the board dysfunctional for making a surprise choice—Joe Swedish, CEO of Michigan-based hospital system Trinity Health—for the company’s new CEO.
Researchers have found that when people get more anxious, there is a good chance of the market dropping three or four days later.
The Indianapolis-based health insurer expects to return about $2 billion to shareholders this year, through the dividend and share buybacks.
The $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that formerly housed the St. Vincent Health medical center.
Allos Ventures has raised $40 million from local tech industry luminaries and others to invest in early-stage tech companies in the Midwest, a segment that has seen funding dry up. The fund, Allos II, aims to invest $3 million to $7 million each in about a dozen early-stage companies—not upstarts but those already generating solid revenue streams.
