Social media seems to be the talk (or, um, tweet) of the town these days. While hundreds of millions of people are using these tech media to interact with one another, the question investors are trying to answer is, what are these businesses worth?
It is an old story, but a nevertheless disheartening one. It is also a tale rich in its implications for young workers.
E-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.
Almost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their operations.
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
Prior to Wednesday’s sentencing, the Secretary of State’s securities division said it reached an agreement to liquidate the assets of Dorothy Geisler, including her home on Geist Reservoir.
Fair Finance Co.’s bankruptcy trustee alleges Tim Durham perpetrated a fraud of "shocking proportions,” draining huge sums from the Akron, Ohio, firm for years to mask that his business empire had collapsed.
The loan from Fair Finance Co. to Stephen and Linda Plopper matured in 2006, but the couple has failed to satisfy the debt despite recent demands for payment, the suit alleges.
The parent company of the New York Stock Exchange says it has agreed to combine with the operator of the Frankfurt stock exchange, Deutsche Boerse.
State lawmakers are exploring the idea of paying back more than $2 billion in federal debt for unemployment insurance by issuing tax-exempt bonds.
Emerging market stocks have underperformed U.S.-based stocks for almost 18 months now, and the signs don’t look that good going forward.
Recognizing inefficiency in government is far more difficult than rhetoric suggests. The private sector has the blessing of the profits to guide decisions.
New investors got in for $6 a share—which is less than the average price paid by prior investors, a regulatory filing reveals.
Interest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost of issuing debt for pending city projects.
Unfortunately, there are numerous examples of mishap when the investment decision-making process is farmed out.
A casual observer of news about economic indicators has more than enough reason to be puzzled.
German American Capital Corp. claims the owner of the strip mall, Castleton Plaza LP—a subsidiary of Broadbent Co.—owes it $10 million. The lender is requesting the property be sold at a sheriff's sale to help satisfy the debt.
Monday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial institution to fail since the financial crisis began in 2008.
The trend toward small businesses’ delaying payments appears to have leveled off, but it’s still unclear how soon—or even whether—receivables will return to the 30 days that was standard for most businesses before the recession began in December 2007.
Trustee Brian Bash and his legal team have yet to publicly implicate anyone who appears to have the cash to substantially reduce the staggering losses.
