Tim Durham closes New Castle restaurant
A sign on the door of Durhams Ristorante says the moderately priced Italian eatery will be "closed until further notice."
Banking & Finance
Articles
Two Indianapolis accounting firms make top 100 list
Katz Sapper & Miller LLP and Blue & Co. LLC again are the only two local accounting firms to crack Inside Public
Accounting’s annual top-100 list.
Fair Finance trustee finds lots of debts, few assets
Tim Durham, Fair’s co-owner and CEO, burned through staggering sums on a lavish lifestyle, loans and gifts to friends,
and loans to businesses he partly owned that performed dismally.
Lawmaker wants Durham donations returned
State Rep. Ed DeLaney of Indianapolis said Thursday that contributions of more than $800,000 by Indianapolis businessman Timothy
Durham should be sent to a bankruptcy trustee for Ohio investment firm Fair Finance Co., which was forced into bankruptcy
earlier this year.
Schrenker to plead guilty to securities fraud
A former money manager convicted of trying to fake his own death in a Florida plane crash last year has agreed to plead guilty
to securities fraud charges in Indiana. Marcus Schrenker would face 10 years in prison.
Edward Jones eyeing Indianapolis expansion
The St. Louis-based financial services firm plans to add 62 branches within the next five years here to complement the existing
90 locations it already has in the city and surrounding counties.
State to receive $83M in housing aid
The Treasury Department said Wednesday it will send $2 billion to 17 states that have unemployment rates higher than the national
average for a year. Indiana is due to receive $83 million. States will use the money for programs to aid unemployed homeowners.
AIG sells American General unit to Fortress at loss
American International Group Inc. has agreed to sell a majority stake in its Evansville-based consumer lending unit, getting
rid of an operation that posted about $1.7 billion in operating losses since 2008 and accumulated more than $17 billion in
debt.
Judge refuses to unseal Fair Finance search warrants
Judge Sara Lioi ruled the right of access to search warrant records connected with an ongoing investigation is “not
absolute” and not justified in this case.
Meetings will show Hoosiers how to avoid foreclosure
The Indiana Foreclosure Prevention Network will hold meetings in eight cities across the state soon to help people stay in
their homes.
Emmis delays vote on buyout again
As preferred shareholders continue holdout, Emmis postpones vote to take company private. Issue will be taken up again Aug.
13.
HICKS: What silly bands say about the value of things
There are economic lessons here. The most important is that the value of things is necessarily determined by what is known in econo-jargon as utility.
Finish Line founders giving up their extra voting power
The influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process,
as Finish Line is doing.
First Merchants, First Financial mull expansion
Acquisitions situate banks to seek market share in Indianapolis.
JPMorgan’s wealth advisory group led from Indianapolis
Elizabeth Schlueter started out in Fort Wayne and rose through a series of promotions that landed her not on Wall
Street but in Indianapolis.
Trustee pressing Daniels, others to return Durham’s donations
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed
from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.
Trustee: Durham used Fair funds for gambling, donations
The bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14
million on real estate.
HAUKE: Growth of government takes toll on stock returns
The unprecedented size of government in America matters to anyone who is concerned about wealth creation in this country.
HICKS: Twenty years later, the impact of Desert Storm
Wartime familiarity should make us more tolerant of our differences and care more for one another’s children.
Indiana life sciences companies capture more venture capital money in first half of 2010
Venture dollars for Hoosier companies are still few, but the flow of deals is picking up.