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.
Banking & Finance
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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.
Sarbanes-Oxley co-author speaking at INVESTIndiana conference
Former Ohio congressman Michael G. Oxley will join Gov. Mitch Daniels as a speaker at the event.
Local venture capital firm launches investment arm
Heron Capital Equity Partners seeks to invest $1 million to $10 million in private companies headquartered within 250 miles of Indianapolis. HCEP is part of Heron Capital, one of the largest venture capital funds in the city.
New IU program lets students invest $100,000
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity
for students.
HAUKE: Stock market not ready for bear quite yet
I continue to believe the April 23 high was not the end of the bull market that began in March 2009.
HICKS: Most majors pay off, but some a lot more than others
There is clearly something important about the totality
of what is learned in college, but, if you want to apply all those upper-level classes in your major, you’d better study
hard or pick the right field.
Endocyte’s $86M IPO plan a boon for Indiana, investors
Venture capitalists in Indiana and nationally have thrown money at the company with abandon. Local investors include CID Capital,
Clarian Health Ventures and the Indiana Future Fund.
Banks still cautious on commercial real estate
Singed by the downturn, banks are winnowing real estate portfolios.
Feds take over $20M Irwin pension shortfall
The Pension Benefit Guaranty Corp. estimates Irwin Financial Corp.’s pension plan is 56 percent funded, with assets of $26.7 million
to cover $47.2 million in benefit liabilities.
Judge rules Murat Centre can keep new name
A naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based
Old National Bank has been dismissed.
SKARBECK: Investors may miss mark by switching to bonds
It seems more likely that bond investors today are making the same mistake stock investors made back at the peak of the stock-market bubble.
Kirr Marbach & Co. mutual fund among nation’s best performers
Among value funds that include companies of varying sizes, the performance of the Kirr Marbach Partners Value Fund ranks No.
2 out of 357 similar funds.
Hamilton County woman pleads guilty to securities fraud
Dorothy Geisler-Tragardh, who had been a partner in a clean-coal energy company called Praxis Resource Partners LLC, was accused
of running a stock-sale scheme in which she took nearly $2 million from investors.