Latest Fair Finance suits target Durham associates
Defendants include companies affiliated with Indianapolis restaurateur Henri Najem, the rapper Ludracis and former Indianapolis Colts quarterback Blair Kiel.
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Durham’s attorney alleges feds abused wiretaps
Indicted financier Tim Durham's attorney alleges "the government has engaged in a course of conduct that … constitutes gross misconduct so severe that dismissal is warranted."
CME Group says it’s staying in Illinois
Illinois Gov. Pat Quinn on Friday signed tax-break legislation designed to keep the Chicago Mercantile Exchange and Sears Holding Co. from fleeing the state. CME had talked to Indianapolis officials about moving to central Indiana.
Valuing ExactTarget a hit-or-miss exercise
Appraisals of private companies are inherently dicey, especially if they're not making money.
Feds: Hauke OK’d disastrous real estate investments
Prosecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and using new investors’ money to fund withdrawals.
Panel rejects audit of Indiana revenue department
Republican members of the State Budget Committee have rejected Democrats' request for an independent audit of the Indiana Department of Revenue for misplacing $320 million.
Investment adviser Hauke agrees to plead guilty in $7M fraud
Prosecutors accused Hauke of losing millions on Michigan real estate investments, then hiding those losses from clients.
East-side apartment complex target of $9M foreclosure
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and East 38th Street.
Fair Finance investors object to Brizzi settlement
The investors argue that a bankruptcy trustee’s settlement reached last month with former Marion County Prosecutor Carl Brizzi could extricate Brizzi from lawsuits they’ve filed against him.
Salin Bank President Kit Stolen resigns
Alvin “Kit” Stolen joined the Indianapolis-based bank in August 2009 with big plans to boost its presence in the center of the state. The major expansion didn't materialize.
Occupy Wall Street protesters in Bloomington show resiliency
The encampment has brought in portable toilets to address sanitation issues and has set up a kitchen with a propane-fueled stove and a sign reading "Welcome Winter."
Biglari set to make big move on Cracker Barrel
Cracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak n Shake, is seeking a seat on the company's board of directors.
Attorney General Zoeller gives aid to foreclosure fraud victims
Zoeller said the money will go to fraud victims who help his office file legal actions against businesses accused of predatory practices.
Illinois lawmakers renew efforts to keep CME Group
Illinois lawmakers have reportedly reached a deal on a package of bills designed to prevent financial giant CME Group Inc. from fleeing to Indiana or another state.
Carmel also likely competing for CME Group
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
Indianapolis courts Chicago Mercantile Exchange
Indianapolis' mayor has met with top executives of the Chicago Mercantile Exchange to discuss bringing the 163-year-old financial market to Indiana's largest city. A move would mean hundreds of jobs for Indianapolis.
ExactTarget has remade itself since last IPO bid
Things change so fast in the technology world that the prospectus ExactTarget Inc. filed four years ago when it first sought to go public reads today almost like something from the floppy-disk era.
Forum Credit Union names new chief executive
The Fishers-based financial institution is turning to company veteran Doug True to help Forum rebound from a $2.8 million loss in 2010.
UPDATE: Dow leaps 490 points on moves by world banks
Central banks around the world worked Wednesday to give banks easier access to dollars, jolting stock markets and easing fears of a global credit crisis. The Dow Jones industrial average had its biggest daily gain since March 2009.
Bond banks in Indiana, other states boost sales
State municipal-bond banks in Indiana, Vermont, Maine and New Hampshire plan to issue about $190 million in debt this week, as smaller communities seek to take advantage of 10-year interest rates near a six-week low.