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.
Banking & Finance
Articles
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.
Hoosier firms find cutting costs no substitute for growth
The gains amid economic malaise are impressive, but also unsustainable. Companies can’t continue to grow earnings forever based on cost-cutting.
First Internet Bank reports strong second quarter
Fewer loan losses and an increase in net-interest income help the bank post one of its biggest quarterly profits in company history.
Life sciences deals pick up momentum
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.
Old National improves second-quarter performance
The Evansville-based bank reported a 9-percent increase in second-quarter profit, helped by a continued reduction in non-interest
expenses and growth in commercial loan and business checking account activity.
Small business lending measure clears filibuster
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
Integra Bank unloads five Kentucky branches
Transaction is part of Evansville-based Integra’s plan to narrow its geographic footprint, CEO Michael J. Alley said. The
bank has 59 branches in Indiana, Kentucky, Illinois and Ohio.
Financial upheaval produced war stories galore
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
High-end home market hits foreclosure lull
Until this year, Indiana’s foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.
SKARBECK: Financial overhaul law leaves much uncertainty
The public, to no surprise, is skeptical that the new regulations will succeed. A Bloomberg poll shows nearly four out of five Americans have little confidence the measures will prevent a crisis.
HICKS: What we can learn from forecasting blunders
It begs the question, just what should economists be expected to know and how should we explain it?