IU professor patents tweet-analyzing software
Researchers have found that when people get more anxious, there is a good chance of the market dropping three or four days later.
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WellPoint hikes quarterly dividend by 30 percent
The Indianapolis-based health insurer expects to return about $2 billion to shareholders this year, through the dividend and share buybacks.
First Internet plans 48 jobs in $4.3M Fishers office
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 raises $40 million for early-stage tech firms
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.
Indiana tries to close loophole that helped Durham commit fraud in Ohio
The legislature is considering a bill that would require intrastate securities offerings to file audited financials, a safeguard that caused trouble for Fair Finance investors.
Does hybrid-tech startup have investors too revved up?
Echo Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading volumes can translate into wild swings in stock price.
CNO Financial boosts fourth-quarter profit
The Carmel-based holding company for insurance firms reported fourth-quarter 2012 net income of $101.2 million, or 41 cents a share. That was a 57 percent jump over the same quarter in 2011.
Renamed Carmel financing firm planning big growth
Dealer Services Corp. in Carmel has begun operating as NextGear Capital after being acquired by Atlanta-based Manheim Inc. NextGear plans to relocate in the next month and double its employment, to 450, in the next year.
Simon unit suing Stir Crazy chain for unpaid rent
The owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant’s closing late last month.
Families sue to recover lost investments
A central Indiana county commissioner, his wife and members of three other families who lost more than $700,000 they invested in businesses state officials say were shell companies are suing two men accused of orchestrating the scheme.
Old National’s earnings highest since 2002
Old National Bancorp's earnings rose 26 percent in 2012, to $91.7 million, its greatest since 2002, the Evansville-based company announced Monday morning.
S&P 500 in longest winning streak since 2004
The Standard & Poor's 500 index closed above 1,500 on Friday for the first time since the start of the Great Recession in 2007, lifted by strong earnings from Procter & Gamble and Starbucks.
Michigan lawyer claims Indiana prosecution was political
A Michigan attorney claims in a lawsuit that former Indianapolis prosecutor Carl Brizzi and former Indiana Secretary of State Todd Rokita used unwarranted charges against her in a cemetery theft scheme to enhance their political reputations.
ChaCha secures $14M investment to expand services
The latest round of funding will enable ChaCha to make “significant” investments in new products to expand both mobile and online services, CEO Scott Jones said. Internally, the project is dubbed “Go Big.”
APPEL: Mergers and acquisitions will accelerate by midyear
Savvy Indiana business owners rightly wonder about the merger-and-acquisition and capital market outlook for 2013. Unfortunately, it is likely mixed, with a sluggish outlook for the first half of the year. However, many hope that, by midyear, there will be a pickup to end the year strong.
Indianapolis-area mergers and acquisitions in 2013
Lack of a disclosed price kept these deals off of Indianapolis Business Journal's list of deals.
Hillenbrand diversifies by growing whole new business
Casket company turns heads with aggressive foray into equipment manufacturing.
ITT suffers tough quarter on enrollment drop, loan losses
ITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5 million loss in the fourth quarter. But the stock rebounded strongly later Thursday.
Ex-councilor Bateman agrees to plead guilty to fraud charges
Paul C. Bateman Jr., a former Democrat city-county councilor, agreed to plead guilty Wednesday to 13 counts of money laundering and wire fraud for his part in defrauding an Indianapolis physician of $1.7 million.
Lampoon paid for Durham’s defense, trustee alleges
Fair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that National Lampoon funded convicted Ponzi schemer Tim Durham’s defense. Durham is a former CEO of the film company.