Money flowing to international markets
Booming growth, rising middle classes are attracting investors.
Banking & Finance
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HAUKE: Internet sites make splash without public markets
There is an interesting twist to all these newly discovered pots of Internet gold. They are not public, but almost anyone can buy stock in these companies in the private market if you hunt around enough.
HICKS: Why economic forecasting is inexact science
Forecasts are primarily used as a tool to begin, not end, conversations about business and government matters.
Conseco brass agree to settle 8-year-old suit for $41.5M
The suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer Jim Adams of engaging in a “massive and systematic coverup of … actual debts and losses through complex accounting, misleading disclosures, and irregular accounting practices.”
Indiana to stop mailing out state income tax forms
The State Department of Revenue estimates the change will affect about 1 million taxpayers and save the state about $200,000 in the next fiscal year.
Real estate startup hopes to raise millions in stock offering
A group of local entrepreneurs has filed plans with with the SEC to raise as much as $306 million to buy real estate assets in a so-called "blind pool" stock offering.
Indiana-based mutual funds stage comeback
Funds ride resurgent market after taking a beating in the financial crisis.
Hoosier Park parent set to emerge from bankruptcy
Hoosier Park Racing & Casino’s parent company could emerge from bankruptcy early next year if creditors approve a reorganization plan that’s set for a court hearing in Delaware on Feb. 1.
Baby boomers near 65 with retirements in jeopardy
Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they’re hoping to retire.
New tax law packed with gifts for businesses
Millions of homeowners, however, might feel like they got a lump of coal. Homeowners who don’t itemize their deductions will lose a tax break for paying local property taxes.
New company taking over troubled Standard Life
State Insurance Commissioner Stephen Robertson said agreements have been reached for the $1.7 billion in policies and financial obligations of Carmel-based Standard Life Insurance Co. to be assumed by Guggenheim Life and Annuity Co.
Sound Mind launches its third mutual fund
The Securities and Exchange Commission on Thursday approved the Sound Mind Balanced Fund, a Columbus, Ind.-based mutual fund that aims to cater to conservative investors.
Daniels, bankers may spar over deposit insurance fund
Elected officials—including Gov. Mitch Daniels—have started eyeing the little-known, $250 million public deposit insurance fund, or PDIF, as a potential way to plug budget gaps next year.
Centerfield invests in California company
Centerfield Capital Partners’ investment in Fresh Food Concepts Inc. is the 12th deal from the local venture capital firm’s second fund.
Credit card processor plans Jeffersonville expansion
Heartland Payment Systems said Tuesday it will spend more than $6.2 million to expand its operations in southern Indiana and hire up to 140 more workers by next summer.
Insurer for Durham firm to settle suits for $5.5M
The agreement allows embattled financier Tim Durham to remain on the board of CLST Holdings, but mandates he step down as chairman and not vote on any matter unless doing so would make the board unanimous.
UPDATE: Regional bank shares rally on M&I Bank deal
Shares in regional banks are rallying after Canada's BMO Financial Group agreed to acquire Marshall & Ilsley Corp. in an all-stock deal.
Canadian bank to acquire Marshall & Ilsley for $4.1B
M&I has about 30 branches in the Indianapolis area and controls about 6 percent of the market's bank deposits, according to the Federal Deposit Insurance Corp. The bank is ranked sixth among area banks in terms of employment, with about 400 workers.
OneAmerica moves beyond small employers, eyes big retirement plans
OneAmerica Financial Partners Inc. last month launched an insurance product aimed at landing far larger retirement plans than it has served before, and significantly growing its assets.
Naysayers place big bet HHGregg will stumble
Traditional analysts are high on the electronics retailer, but short-sellers, those who profit when a stock falls instead of rises, couldn't disagree more.