UBS paying $677K to Indiana over ISTA trust fund investments
UBS Financial Services has agreed to pay state regulators $677,000 to settle a claim over investments by the Indiana State Teachers Association Insurance Trust.
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LendingTree.com office with 64 employees closing in Carmel
Tree.com Inc., the Charlotte, N.C., parent of LendingTree.com, said its Carmel office will shut down by Aug. 16, costing 64 employees their jobs.
Ex-Countrymark CEO’s bid to reduce sentence denied
David Swanson had asked a federal judge to vacate or reduce his 12-year prison sentence stemming from his 2002 conviction for wire fraud, money laundering and tax evasion.
SKARBECK: Finding a bright spot in dismal housing news
One analyst even declared that, relative to disposable income, housing is more undervalued than at any time in the last 35 years. So it is an attractive time to buy a house if you plan to be a long-term owner.
HICKS: Recession took its toll on under-educated
The hard truth is that all the jobs lost in the economy that will return already have. So what will become of those who lost jobs to the recession for which none await them now? The prognosis is none too optimistic.
Renaissance Bay heads for sheriff’s sale
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
Foreclosed Ramada hotel up for auction
The hotel on the east side of Indianapolis near Interstate 465 and Pendleton Pike will go up for online auction on Tuesday with a minimum starting bid of $300,000.
Shrunken Lauth emerges from reorganization
Lauth Investment Properties, which holds the remains of the real estate empire of Lauth Group, has emerged from Chapter 11 bankruptcy, with about $25 million and a portfolio of properties valued at $35 million.
Total pay for executives surged in 2010
Total executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession, even though many of them have yet to erase the red ink in their shareholders’ portfolios.
CEOs see stock windfall after market crash
Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.
Ingredients in place for plethora of Hoosier IPOs
Some Indiana firms are adding management and board firepower—moves likely to help them win over investors should they move ahead with public offerings.
SKARBECK: Debt-ceiling issue has no easy solutions
The public must understand that the arguing in Washington over raising of the debt ceiling is just political posturing.
HICKS: Remembering those who fought, and why
Three times as many Hoosiers perished in the Civil War than the nation as a whole has lost to battle since Vietnam.
Merrillville-based bank targets Carmel
Centier Bank, a financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.
Indiana companies attracting more VC this year, report says
The $68.6 million invested in Indiana companies through the first quarter comes close to approaching the $79.3 million total that venture capital firms invested in the state in all of 2010.
SKARBECK: Simple investing strategies no match for ‘infrastructure’
What some call the ”institutional imperative” is deeply engrained, and returning to a simpler investment strategy would put a large part of the infrastructure out of business.
HICKS: Slow recovery doesn’t favor intervention
Most disagreement over economic policy is not based on theory; rather it is based on the discordant views about the ability of government to quickly and efficiently spend a stimulus or target a tax cut.
Grameen Bank to open Indianapolis branch
City would become third U.S. location for lender that makes small business microloans to the poor.
ExactTarget stays patient as riches from IPO await
CEO Scott Dorsey says remaining private in the short term allows the company to more easily exploit business opportunities on the horizon.
Businessman settles with SEC in fraud case
A Sheridan businessman has reached a settlement with the Securities and Exchange Commission in a case alleging he bilked investors, engaged in illegal trading practices and misappropriated funds.