In a speech in Indianapolis, Chairman Ben Bernanke offered a sharp defense Monday of the Federal Reserve's bold policies to stimulate the weak economy, while cautioning Congress to respect its private discussions.
A Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is facing foreclosure. A lender to the building’s owner claims it is owed $10.5 million.
The Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement with two banks that had filed a lawsuit to foreclose on the building.
The nightmare that culminated with the Plainfield-based company’s recent Chapter 11 bankruptcy filing began in the depths of the financial crisis, when the company’s lender yanked its more-than-$10-million line of credit.
More than 37,000 Indiana borrowers who lost homes to foreclosure soon will receive claim forms for payments under the national mortgage settlement.
The SEC’s complaint accuses three people of committing securities fraud by spending investor funds on luxury automobiles, a motorcycle, a 30-foot boat, college tuition, home renovations, a wedding and a honeymoon in St. Lucia.
Indianapolis entrepreneur Nick Carter thinks he’s found a way to eliminate the “black hole” of marketing data: smart business cards that track how recipients use them.
Using banks as a sales channel also boosts business in what has been a languishing product segment.
Oscar Robertson’s money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he’s trying to convince a judge that he’s not responsible for a $203,000 bank loan.
The chairman of the Federal Reserve is scheduled to speak at the Economic Club of Indiana’s Oct. 1 meeting, an event that should put Indianapolis in the national spotlight given the Fed’s recent and controversial decision to try to stimulate the economy.
The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.
Economic growth is pitiful. So why are the major stock indexes just a few percentage points shy of an all-time record? Start with two words: Ben Bernanke.
Stocks opened higher Friday, on track to record one of their best weeks since June, after the Federal Reserve stepped in again to help the disappointing economic recovery.
After the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing a bargain.
The Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting the stock market and making it cheaper for people to borrow and spend. Stocks surged after the announcement.
Investors are trying to get more bang for their buck and are unwilling to rely on the Wall Street firms, many of which helped bring the global economy to its knees just a few short years ago, for their investment needs.
Metal is hedge against printing money, weakening currencies.
Loren Matthes helped broker first tax-increment financing deal in the state
In accordance with the Jumpstart Our Business Startups Act, the Securities and Exchange Commission will lift the long-standing ban on “general solicitation” of unregistered securities.
A former financial planner at the Indianapolis offices of Northwestern Mutual and One America-American United Life was sentenced Tuesday to two years in federal prison and three years of probation after pleading guilty to identity theft.
