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.
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.
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.
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.
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 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.
The Indiana Foreclosure Prevention Network will hold meetings in eight cities across the state soon to help people stay in
their homes.
As preferred shareholders continue holdout, Emmis postpones vote to take company private. Issue will be taken up again Aug.
13.
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.
The influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process,
as Finish Line is doing.
Acquisitions situate banks to seek market share in 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 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.
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.
The unprecedented size of government in America matters to anyone who is concerned about wealth creation in this country.
Wartime familiarity should make us more tolerant of our differences and care more for one another’s children.
Venture dollars for Hoosier companies are still few, but the flow of deals is picking up.
The gains amid economic malaise are impressive, but also unsustainable. Companies can’t continue to grow earnings forever based on cost-cutting.
Fewer loan losses and an increase in net-interest income help the bank post one of its biggest quarterly profits in company history.
Venture dollars for Indiana life sciences companies are still few, but the flow of deals is picking up. Nine Hoosier companies
scored investments totaling $10.4 million during the first six months of the year.
