HICKS: Education reform deserves bipartisan support
The goal of the legislation is to give public schools more incentives to improve.
Banking & Finance
Articles
Fair Finance investors likely to recover little money
Authorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they’re likely to recoup just a “teeny-tiny” fraction.
Angie’s List lands $53 million investment
The privately held firm, which has been raking in private investment since 2005, landed the biggest round of funding in its history from “two of the world’s largest public money managers.”
Officials: Fair Finance largest fraud case in state’s history
Timothy S. Durham (pictured at far left), James F. Cochran and Rick D. Snow were all arrested on Wednesday following a grand jury indictment.
BREAKING: Durham, two other executives indicted for fraud
Beleaguered local businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. have been indicted on felony charges of wire fraud, securities fraud and conspiracy to commit wire fraud and securities fraud. The Securities and Exchange Commission also filed a complaint against the men in federal court.
Economist: U.S. recovery ‘turning a corner’
Manufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
Another northwest-side apartment complex faces foreclosure
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on a note that was due in February.
Decade-old Heartland fraud case nearing end
The receiver appointed in the case is distributing the last of $2.6 million in assets he recovered from the $29 million investors lost in the Ponzi scheme.
OneAmerica enjoys 24-percent surge in sales
The Indianapolis-based life insurer pulled in sales last year of $1.7 billion and boosted its overall assets 12 percent, to $24.4 billion.
HAUKE: Oil prices a problem that could burst bubble
We know that, combined with all the other factors, a 25-percent jump in energy prices is something to be at least a little concerned about.
HICKS: Unfortunately, veteran tuition benefits must be cut
It’s a wide entitlement program that will literally explode in the coming decades, since a third of all combat veterans will meet the disability requirements. It is not sustainable, and the Senate just tightened the requirements.
Regulatory overload is community banks’ next big hurdle
Banks across Indiana are preparing for a deluge of new regulations that will cut into their bottom lines, make their businesses more complex and, in some cases, force them to consolidate.
Irsay, Simon tie on magazine’s world’s-richest list
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
SOOFI: Islamic finance edging into ever-larger deals
Asset-laden institutions sidestepped financial crisis.
Banks OK with ‘clean energy financing districts’
Industry feared original bill would have put mortgage lenders at added risk.
Northeast-side office building target of foreclosure
Owners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3 million bank note, according to court documents.
HICKS: Telecom reform in Indiana worked
Deregulation of monopolies tends to almost always make consumers better off. Indiana’s broad and effective telecommunications reform of 2006 is a classic example of this.
Hoosier executive joins effort to take Playboy private
Scott N. Flanders, who took over as CEO of Chicago-based Playboy Enterprises Inc. in July 2009, will pick up a 3-percent ownership stake if 84-year-old Playboy founder Hugh Hefner closes on a pending deal to take the company private.
IEDC unveils statewide entrepreneurship initiative
Elevate Ventures could attract an additional $30 million in matching federal and private funding to support entrepreneurs statewide, Indiana Economic Development Corp. officials say.
Northwest-side apartment complex faces foreclosure
Fannie Mae filed a lawsuit in Marion Superior Court Tuesday, seeking foreclosure and the appointment of a receiver at Arrowwoods Apartments over an unpaid note of $4.56 million.