SKARBECK: Expect more battles over public pensions
This year, 15 states have enacted legislation to reduce future public pension obligations.
Banking & Finance
Articles
HICKS: Variables cloud business-location question
The problem is that the reasons for business-location decisions change from time to time.
Failed bid to take Emmis private costing millions
Emmis CEO Jeff Smulyan's JS Acquisition LLC has racked up takeover expenses of $10.2 million, a figure that's sure to escalate now that JS Acquisition is suing its one-time financier for backing out of the deal.
U.S. homes lost to foreclosure up 25 percent this year
August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have been stepping up repossessions to clear out their backlog of bad loans.
Bank suing Estridge Cos. for securities fraud
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
Debating where to turn as Bush tax cuts near expiration
With a deadline looming, supporters and detractors debate extending tax cuts signed by former president George W. Bush.
Business school expands investment theme for students
Grant will give Indiana University undergrads a shot at managing real money.
Defendant pleads guilty in $880M fraud case
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group
pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
UPDATE: Schrenker pleads guilty to securities fraud
Former money manager admits to bilking friends, family members and other investors out of millions of dollars before trying to fake his own death. He’ll be sentenced Oct. 7.
Williams Realty founder pleads the Fifth in Ponzi case
A former Indianapolis developer accused of luring more than a dozen Hoosiers into a $900 million Ponzi scheme invoked the Fifth Amendment more than 850 times when questioned under oath in Florida.
HAUKE: Examining the virtues of a successful investor
I went back to ancient Greece and Rome and found long-running philosophical discussions about The Virtues.
HICKS: Income tax debate looms over next election
The expiration of the Bush tax cuts this January will further slow the economy, perhaps deeply.
As Sardar Biglari stirs controversy, Steak n Shake hums along
Sardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
Former bank exec receives 22-month sentence
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
Dan Laikin sentenced to 45 months in Lampoon fraud
The sentence was short of the 60-month maximum Laikin could have received under a plea agreement worked out with federal prosecutors last fall.
Lilly investing up to $150M in VC funds
The three venture funds, which will focus on drug development, may be worth a total of $750 million, up to $250 million each, and Lilly will contribute as much as 20 percent of the money.
Business bank reports second-quarter loss
Indiana Business Bank’s restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
Lauth revival hinges on judge approving settlement
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
HICKS: Trade unions strong when they work with biz
For labor unions to survive, they must follow the path of their more successful brethren in trade unions.
Fair Finance co-owner Cochran uses forceful defense
Tim Durham's partner in a failed Akron, Ohio, company says a trustee has nothing to back up his allegations of fraud.