Another setback for The Uptown as judge appoints a receiver
A Marion County judge has appointed a receiver to take control of three properties involved in a long-delayed redevelopment proposal for College Avenue between 49th and 50th streets.
Banking & Finance
Articles
State revokes Fishers money manager’s license
The Indiana Secretary of State’s Office has revoked the financial advising license of Fishers money manager Keenan Hauke, who is being investigated by the office over financial irregularities involving a hedge fund he operates.
Indianapolis is recognized for ‘financial fitness’
City gets high marks for efforts to encourage financial literacy among residents.
President transforms workplace culture at Farmers Bank
Few bank presidents gather their employees once a week and pass out plastic clapping hands to keep the beat to music pulsing full volume through the lobby. Fewer still climb atop a customer-service counter to open the early-morning pep rally with a full grin. Karen Miller does both.
Firms’ faith in stock buybacks not always well-placed
The ultimate test of whether buybacks are good deals for shareholders hinges on whether the price paid for the stock proves over time to have been a bargain or inflated.
SKARBECK: Getting a banker’s thoughts on financial reform efforts
Dimon believes boards and regulators “are more attentive to risk” now—a duty that was sadly trumped by greed and indifference in the years leading up to the credit crisis.
HICKS: Motherhood changes, but not in importance
The best estimates tell us that about 26 percent of all Americans are mothers, and that the past few decades have seen a big increase in the range of ages of motherhood.
East-side apartment complex facing foreclosure
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
J.D. Byrider sold to private equity firm
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
Local developer seeks bankruptcy protection
Platinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday, listing several huge debts to prominent local businesses and business people.
Fair trustee sues to recoup $138,580 in GOP donations
The five lawsuits filed this week do not include the biggest recipients of Tim Durham’s political largesse—campaign committees associated with Indiana Gov. Mitch Daniels and former Marion County Prosecutor Carl Brizzi.
Indianapolis bio sector hopeful as venture firms cash out
Profits flowing from earlier investments could mean more available capital, but firms continue to be selective in placing their bets.
Kirr Marbach & Co. mutual fund picks up national recognition
Financial newsletter Emerging Manager Monthly honored the fund as manager of the year in its category.
SKARBECK: Inflation a growing concern beyond the United States
when it comes to global inflation, all eyes are on China, where a rapid rise in prices is causing concern.
Adviser reaped unusual fee from Health Foundation
Throughout a two-decade relationship with client Health Foundation of Greater Indianapolis, money manager Columbus Circle Investors paid a finder’s fee to the foundation’s consultant, Cooke Financial Group in Indianapolis.
Hicks: Raising taxes won’t increase federal revenue
Hauser’s Law, which is really an empirical observation, notes that U.S. income tax revenue has hovered within a percentage point of 19 percent of our total economy for more than 50 years.
KAR Auction plans to refinance with $1.5B term loan
KAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion senior secured term loan and a $250 million senior secured revolving credit facility.
ExactTarget attracts another $30M in venture capital
The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.
Fishers money manager granted continuance
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.
Greenwood Shoppes seeks bankruptcy reorganization
The shopping center on U.S. 31 is the third Broadbent-operated strip mall to fall into bankruptcy and its second in Greenwood to claim financial problems.