Ball State outsources management of $160M endowment
Wall Street's Perella Weinberg Partners LP took over at the beginning of July.
Banking & Finance
Articles
KIM: Contrarian mind-set is key to unearthing opportunities
For investors, the time to be nervous is when there’s nothing but blue skies on the horizon. The time to be opportunistic is when there’s blood running down the street and the high-paid talking heads are screaming that the sky is falling.
HICKS: Ending subsidies good, but won’t solve debt
We currently have an unsustainable budget, and the inevitable increase in borrowing costs is simply a tax on political cowardice on the matter.
Judge: Durham’s home-detention restrictions to continue
A federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also appointed a public defender for his business partner, James F. Cochran.
PNC Financial quarterly earnings top expectations
PNC Financial, which has 88 Indianapolis-area branches, reported a nearly 13-percent increase in second-quarter earnings, as the regional bank set aside far less money to cover bad loans.
Jillian’s set to vacate ground floor of downtown building
An unidentified restaurant and bar is set to sign a lease by Sept. 1 to assume the Meridian Street space Jillian’s has agreed to relinquish as part of a lease dispute with its landlord. The entertainment complex will continue to operate on the second and third floors.
Small Business Administration announces top state lender
The Indiana Statewide Certified Development Corp. has been recognized as the most robust lender through the SBA’s 504 loan program.
HICKS: Free trade isn’t costing Americans jobs
I actually find it astonishing that there are still Americans who devote themselves to opposing free trade on the grounds that it hurts the economy. There is no more easily disproven fiction.
SKARBECK: Emerging countries offer high-growth opportunities
Enterprising investors willing to conduct the necessary due diligence may seek to discover high-growth opportunities in emerging-country investments.
Fair trustee issues subpoena for Brightpoint CEO
The Fair Finance bankruptcy trustee has subpoenaed Brightpoint Inc. CEO Robert J. Laikin as it tries to recover more than $19 million Laikin's brother borrowed from the Ohio company.
Event merges forces of old, new venture-capital groups
The third annual Innovation Showcase is getting a boost from a partnership between the Venture Club of Indiana and tech social group Verge.
Eli Lilly using big dividend to prevent investor exodus
Lilly executives are emphatic that they have no plans to reduce the company's 49-cents-a-share quarterly cash dividend, which gives the stock a rich annual yield of 5.2 percent.
Banker appointed chairman of Indiana higher education commission
The commission has drawn national attention for its performance-based funding plans.
SKARBECK: Global economy extends beyond usual suspects
the global economy extends to many regions and countries that, while smaller in economic stature, are often overlooked.
HICKS: Without real cuts, cost of borrowing will rise
What is abundantly clear is that federal spending is much higher than is currently sustainable.
CNO says CEO Prieur to retire, to be replaced by CFO
Jim Prieur will retire as CEO of CNO Financial Group Inc. on Sept. 30 and will replaced by the company’s chief financial officer, Ed Bonach, the company announced Wednesday.
Lender’s suit says homebuilder owes $12.8M on loans
M&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the northeast corner of Emerson Avenue and County Line Road on Indianapolis’ south side.
SKARBECK: Getting out of a hole requires digging by all
We live in a fantasy world if everyone thinks we need to cut back on spending unless it affects them.
HICKS: Founding document holds lessons for today
The Declaration of Independence has some key tenets that bear mentioning in these times.
Forum Credit Union trying to rebound from recent losses
Fishers-based Forum Credit Union was on the upswing from a sizable loss in 2008 when a slew of challenges hit late last year. Now Forum is rebuilding its earnings—and looking for a new leader to steer the company.