Receiver to manage assets of Fishers money manager
A receiver will take control of assets held by Samex Capital CEO Keenan R. Hauke, a prominent Fishers money manager accused by state officials of violating securities laws.
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Sources: Angie’s List picks adviser to handle planned August IPO
Angie’s List Inc., a website that provides consumer reviews of plumbers, electricians and other services, is preparing to file in August for an initial public offering, said two people with direct knowledge of the plans.
Stonegate Mortgage to relocate growing firm to Indianapolis
Stonegate Mortgage Corp. will move its growing operation to Indianapolis in the next few months after a deal to expand in Fishers fell through.
SKARBECK: Latest investment tool to tame risk is no panacea
The idea behind tail-risk hedging is to provide protection to a portfolio against a disastrous event that would wreak havoc on the markets—a so-called “black swan” event made famous by Nassim Taleb’s book “The Black Swan: The Impact of the Highly Improbable.”
Former Fifth Third exec killed in Puerto Rico
Maurice Spagnoletti, a former president and CEO of Cincinnati-based Fifth Third Bancorp’s central Indiana operations, was gunned down on Wednesday. He had been an executive of Doral Bank in Puerto Rico for about six months.
Lender purchases Renaissance Bay in sheriff’s sale
Fort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
Accountants lose court battle with former firm
A Marion County judge ruled against three former partners in a local accounting firm who were trying to collect the full amount of their stock ownership after they left the company to start a rival firm.
2010 was great for Indiana’s 100 largest companies
Despite enjoying rising revenues and profits, companies haven’t followed with big increases in job numbers.
Fair Finance trustee sues National Lampoon
Fair Finance Co.’s bankruptcy trustee this week sued National Lampoon Inc. seeking to recover millions of dollars that indicted financier Tim Durham provided the ailing Los Angeles-based comedy business over the past decade.
East-side Ramada fetches $1.3M in online auction
It's not yet clear who submitted the winning bid for the 188-room hotel, which is near Interstate 465 and Pendleton Pike.
Greenwood golf course reorganizing under bankruptcy
Renamed Dye’s Walk Country Club in 2007, the private golf course’s original nine holes were the first designed by legendary course architect Pete Dye. The Greenwood course has fallen on financial hard times and is hoping to emerge under new ownership.
SKARBECK: Lackluster market forecast favors large U.S. stocks
One thing that does stand out is that, on balance, these returns are not exactly going to get investors to sit up and get excited.
Effort to save minority car dealer lands Bill Mays in ditch
PNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million loan he received in 2008 that has an unpaid balance of $2 million.
HICKS: Indiana an economic anomaly in Midwest
We Hoosiers are an economic anomaly, an island of growth and resurgent prosperity.
UBS paying $677K to Indiana over ISTA trust fund investments
UBS Financial Services has agreed to pay state regulators $677,000 to settle a claim over investments by the Indiana State Teachers Association Insurance Trust.
LendingTree.com office with 64 employees closing in Carmel
Tree.com Inc., the Charlotte, N.C., parent of LendingTree.com, said its Carmel office will shut down by Aug. 16, costing 64 employees their jobs.
Ex-Countrymark CEO’s bid to reduce sentence denied
David Swanson had asked a federal judge to vacate or reduce his 12-year prison sentence stemming from his 2002 conviction for wire fraud, money laundering and tax evasion.
SKARBECK: Finding a bright spot in dismal housing news
One analyst even declared that, relative to disposable income, housing is more undervalued than at any time in the last 35 years. So it is an attractive time to buy a house if you plan to be a long-term owner.
HICKS: Recession took its toll on under-educated
The hard truth is that all the jobs lost in the economy that will return already have. So what will become of those who lost jobs to the recession for which none await them now? The prognosis is none too optimistic.
Renaissance Bay heads for sheriff’s sale
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.