Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
A new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
The government now views loan officers more like factory workers than white-collar business managers.
New state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest
banks and hurting the smallest.
Is investing becoming a technology-rigged game for computerized gamblers who rent stocks for seconds or minutes and whose objective is to repeatedly skim small profits?
First Merchants Corp. is a bank holding company that operates offices in Indiana and Ohio. For the year ended Dec. 31, 2009,
the company reported a net loss of $45.7 million, or $2.17 per diluted share, on $281.6 million in revenue.
The Dow Jones industrial average increased more than 400 points in early-Monday trading. Locally, Kite Realty and Conseco shares saw big jumps.
Mexico is in the throes of a violent lawlessness that is spilling over into the United States. Dealing with this is neither
racist nor unconstitutional.
Stocks plunged Thursday as investors succumbed to fears that Greece's debt problems would halt the global economic recovery.
The Dow Jones industrials slid almost 1,000 points before recovering to close down 347.
Salin Bank argues that it wants to "control its own destiny" by selling 49 lots the homebuilder defaulted on rather
than have court-appointed receiver coordinate the sale.
The now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage
borrowers with insufficient collateral.
Acquisition by Indianapolis-based funeral home and cemetery business by Pennsylvania-based company will preserve funds depleted
by former owner.
Lilly Endowment has been a substantial Lilly stockholder for 73 years, so to focus on the past decade is a mistake.
Our study found that simply permitting deregulation of cable TV caused a pleasing increase in broadband adoption.
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million
and
to pay fines totaling more than $3.5 million.
State law normally requires board approval for buyouts. But the language cited in the letter of intent provides an exception
for conflicts of interest or special circumstances.
The Indianapolis-based parent company of First Internet Bank of Indiana said on Monday that it earned $2.2 million in the
first quarter, compared with a loss during the same time frame last year.
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up
84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss
of $9.3 million.
As much as I disagree with corporate welfare and insider back-room dealings, the fact is that Goldman Sachs is one of the most powerful institutions in the world.
Perhaps the biggest problem is in estimating who is in and not in the formal work force. Even in good times, a surprising number of workers labor in the shadow economy, invisible to government statisticians.
