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.
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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.
Investors in failed Church Extension poised to recoup 70 percent
Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.
Johnson County woman guilty of securities fraud
Wanda Robertson was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday.
More than 1,100 attend Fair investor meeting
A meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
IBJ, Wall Street Journal seek unsealing of Durham records
Indianapolis Business Journal and The Wall Street Journal have joined the legal fight to unseal search
warrant documents related to the federal investigation of businessman Tim Durham.
Accountant files suit against former firm, partner
A contentious split between two prominent accounting partners is getting even uglier after a lawsuit filed by one of them
has the other pledging to counter sue.
Entrepreneur says quality of venture capital as important as quantity
Jim Pearson knows a thing or two about raising money from venture capitalists. And he has some advice for BioCrossroads:
Teach entrepreneurs the value of money.
Would-be buyer: Durham double-dipped on Duesenberg deal
Tim Durham struck a deal to sell a vintage Duesenberg for $1 million before auctioning off the same vehicle for $2.9 million,
according to the small-town Michigan mayor who said he agreed to buy it.