The amount paid to lawyers so far nearly accounts for the entire $1.8 million that a Fair Finance trustee has recovered so far for investors of the Akron, Ohio-based company led by indicted financier Tim Durham.
The national two-year default rate rose to 8.8 percent last year, from 7 percent in fiscal 2008, according to the Department of Education. Driving the increase was an especially sharp increase among students who borrow from the government to attend for-profit colleges.
The New York-based parent of EnerDel, which has almost 400 employees in the Indianapolis area, told investors Friday that it had received written notice of its failure to comply with NASDAQ's listing requirements.
Stocks plunged Friday, erasing the week's gains, amid rising fears about fallout from Europe's debt crisis. Seeking safer investments, investors sent the yield on the 10-year Treasury note to the lowest level in five decades.
US Dry Cleaning’s September 2008 purchase of Tuchman Cleaners was supposed to end years of financial strain for the 25-store Indianapolis chain, but it didn’t happen.
In this environment of near-zero short-term interest rates, money-market fund operators have to work very hard just to earn a few bucks on the substantial sums of money entrusted to them.
Major stock indexes fell Tuesday as worries deepened about Europe's debt crisis and the weak U.S. economy.
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.
