Fair Finance investors fear money is disappearing
Ohio residents who attended investor meeting say recovering funds hinges on locking down assets that remain.
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Durham yacht up for sale; asking price $4.8 million
Indianapolis financier Tim Durham’s famed 98-foot yacht is up for sale for $4.8 million. Durham has been selling some of his
holdings in recent months as financial pressures have intensified after the FBI raided his offices in Indiana and Ohio.
Market on three-day losing streak
U.S. stocks sank again Friday, extending the market’s biggest three-day tumble since March, as financial shares slumped on
President Obama’s plan to rein in banks.
Magazine ranks Old National Bank among nation’s strongest performers
Forbes magazine has named Evansville-based Old National Bank the nation’s 18th-best-performing bank.
SKARBECK: Stocks that pay dividends can provide yield, safety
These are challenging times for savers who demand a high level of safety from their investments.
One exec pays off risky loan, another pays a big price
Emmis’ Jeff Smulyan paid off a loan collateralized by nearly all his Emmis stock. Retired Duke Realty Chairman John Wynne is facing new fallout from his margin loan, with the lender on his Williams Creek home pursuing foreclosure.
Auer Growth Fund, other Hoosier mutual funds, build on strong 2009 performances
Local fund briefly held first place among all U.S. small-cap blended mutual funds tracked by Morningstar
Inc.
Simon says husband’s shrinking fortune spurred new will
Bren Simon says in a new court filing that her billionaire husband Mel Simon granted her a bigger share of his fortune in
the last year of his life because of alarm over Simon Property Group’s plunging stock price and a sharp cut in its cash
dividend.
PNC profit rises despite growing loan losses
The bank’s $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
Additional deals that didn’t make the mergers-and-acquisitions list
These deals had no price tag, but still were significant.
Indiana businesses are welcoming investment from China
Some observers see a parallel to the state’s seeking Japanese investment following recession in the early 1980s.
Court affirms receiver for Michelle Schrenker’s assets
Indiana Court of Appeals agrees with lower court’s decision to appoint receiver to oversee finances of ex-wife of convicted
money manager Marcus Schrenker.
HALO shines on IT upstart
Policy management firm PolicyStat lands venture investment from HALO Capital Group, the angel investor network managed by TechPoint. HALO has invested a total of $12.5 million in firms statewide in the past 20 months.
Bank says Durham had no right to sell Duesenberg
A legal brouhaha over the recent auction of a Duesenberg automobile by Tim Durham has taken a new twist, with Durham’s bank
charging the financier didn’t have the right to sell the car in the first place.
Ohio lawmaker wants Fair Finance owners’ assets frozen
An Ohio congressman is upset the U.S. Attorney’s Office in Indianapolis isn’t seeking to freeze the assets of
Fair Finance Co. owners Tim Durham and Jim Cochran.
HAUKE: Indicators point toward bearish bond market
There is a real possibility that the highs for the bond market have been reached, and we are in the early stages of what may turn into a powerful, sustainable and long-term bear market for government bonds.
Brizzi silent on controversy as he opts against 3rd term
The written statement Carl Brizzi released Thursday saying he will not seek a third term as Marion County prosecutor makes
no reference to the controversy surrounding his business and personal ties with embattled Indianapolis financier Tim Durham.
Durham trailer-maker sued for nearly $1M
First Merchants Bank is seeking nearly $1 million from Tim Durham and his companies through a recently filed loan-default
lawsuit.
Durham’s Fair Finance drops effort to sell securities
Ohio-based Fair Finance Co. told securities regulators this week that it is withdrawing its request for approval
to sell an additional $250 million in investment certificates.
SKARBECK: Looking at stocks, 10 years at a time
During this century’s first decade, investors had to cope with the uncertainties surrounding 9/11; huge corporate failures
including Enron, Worldcom, Fannie Mae, Freddie Mac, and Lehman Brothers; and volatility wrought by both the tech and housing
bubbles.