Home-foreclosure hiatus drives down bankruptcies
There were 22,754 cases filed in Southern District of Indiana in 2011, compared with 27,394 the prior year.
Banking & Finance
Articles
Former Hoosier sentenced in Florida Ponzi case
Developer Sydney “Jack” Williams received one year in prison and a $25,000 fine for failing to report millions of dollars he received in commissions related to a Florida investment scheme.
State Republican committee agrees to Durham settlement
The Indiana Republican State Committee has agreed to pay back $87,875 in political contributions it received from indicted financier Tim Durham. In addition, a political group supporting Gov. Mitch Daniels agreed to a $10,000 settlement.
Healthx receives $22M capital infusion
Frontier Capital in Charlotte, N.C., provided the funding that will support the continued expansion of Healthx, a local provider of online health care portals.
PROXY CORNER: Biglari Holdings Inc.
Biglari Holdings Inc. is a San Antonio-based holding company that owns Indianapolis-based Steak n Shake, Roanoke, Va.-based Western Sizzlin and invests in a diverse range of businesses.
Simon chasing title of state’s most valuable company
David Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
Endocyte stays course despite being battered by investors
After spending most of 2011 as a Wall Street darling, the year ended ugly for Endocyte Inc. But CEO Ron Ellis thinks the West Lafayette-based drug developer is in better position than ever.
PNC’s Stitle to chair Central Indiana Business Hall of Fame event
The event honors men and women who epitomize success in the business world.
SKARBECK: Despite problems, U.S. still land of opportunity
Yes, America struggles with instances of poverty, unemployment and other hardships. But we also have the freedom and the opportunities available to improve our standard of living.
HICKS: Predictions can be wrong, but analysis valuable
The new year is a time of reflection. For someone who comments on the economy and provides analysis and forecasts, it should be a time to take stock and be honest about where I was right and wrong.
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.
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.