Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
Stocks plunged Friday after a dismal report on the job market renewed fears of another recession.
Wouldn’t it be nice to be smart enough to sell at the top and nimble enough to buy back in at the bottom?
The demolition of a vacant apartment building is common fare in American cities. It is part of the urban renewal that is much needed in many U.S. cities.
The move is expected to save $8 million to $9 million over the life of the bonds.
The company's IPO filing includes this sobering disclaimer: “We have incurred net losses since inception, and we expect to continue to incur net losses in the foreseeable future.”
Kite Realty Group Trust says leasing activity is up, debt maturities are under control, and new retail developments could boost operating income this year an impressive 17 percent. Yet shares in the locally based firm still fail to excite investors.
Philip B. Roby, who helped start the city’s largest locally based bank, will retire at the end of the year.
What does the CEO of City Securities Corp. say when shell-shocked investors want to sell? Does the recent market slide point to a return of 2008? Where are the opportunities? Michael Bosway has answers.
Royal United Mortgage LLC, an Indianapolis-based mortgage firm, announced plans Tuesday to expand its local operations, adding up to 140 employees by 2013.
Lender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers, owned by Greenwood developer Presnell Cos.
The company said in its initial public offering that it has lost money since its inception. But it still could be attractive to prospective investors, said a local lawyer who helps companies go public.
Brian Eads faces a maximum of 30 years in prison by engaging in transactions of more than $10,000 with criminally derived proceeds from properties bought at sheriff’s sales.
The Urban Land Institute panel’s plan for the General Motors plant site ignores some realities in favor of presenting a relatively predictable New Urbanism redevelopment plan.
Raymond James has agreed to return $31.2 million to Indiana investors by repurchasing some auction rate securities. The firm also will pay fines totaling $63,000.
Two Indianapolis-area retail centers are listed in a $16.8 million lawsuit that includes a total of six properties owned by the Presnell Companies of Greenwood.
Magistrate Judge Kennard Foster said Durham should not continue living at his sister’s house or move back to his mansion because both are in foreclosure.
Two years into the economic recovery, bright spots in the Indiana job market are still hard to find. The insurance industry is one of the few glimmers of light on Indiana’s horizon. Others include engine makers, nursing homes and temp agencies.
Fishers investment manager Keenan Hauke suffered massive losses in his hedge fund seven years ago. Then, rather than fess up, he generated fake account statements for clients that showed money they didn’t really have and returns they hadn’t earned, state investigators allege.
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
