Trucking firm Celadon offered $200M loan in exchange for fifth of company
The struggling Indianapolis-based company said it has arranged a much-needed loan but must give up a major ownership stake and board seats to receive it.
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Wells Fargo expected to be fined $1B for lending abuses
The potential $1 billion fine would be largest ever imposed by the Office of the Comptroller of the Currency, the bank's main national regulator, and the Consumer Financial Protection Bureau, the federal watchdog bureau.
Levementum beating growth projections, snags $4M in funding
Officials for digital consultancy Levementum said the capital recently secured from a group led by Chicago-based Inoca Capital Partners will be used in part to add about 40 employees at its Indianapolis office this year.
Fed discussed ‘slightly steeper’ future rate hikes in latest meeting
Federal Reserve officials signaled rising confidence last month that a strong economy will lift inflation closer to its 2 percent target and that they may accelerate the Fed's pace of interest rate hikes as a result.
Defense makes bold new claim before stockbroker Thomas Buck sentencing
The former star Merrill Lynch broker this month threw federal prosecutors for a loop, arguing days before his scheduled sentencing for securities fraud that his offense caused “zero financial loss.”
Indiana startups raised $34.5M from venture capitalists in first quarter
The second quarter is off to a fast start, a sign that this could be a strong year for raising capital in the state.
Software firm DemandJump lands $6 million in venture capital
The new funding will be invested into sales, marketing and product innovation expansion, company officials said.
Bank of America building first local stand-alone center in Indy push
The bank has staked out the upscale Keystone at the Crossing submarket for a staffed, free-standing addition to its growing local operations.
Sports software firm lands $1.5M in VC
Officials for Upper Hand Inc. said the cash infusion will be used to develop technical and strategic partnerships and expand hiring efforts in customer support and product development.
Stocks tumble amid growing trade concerns
U.S. stocks ended the week with a deep selloff on Friday as the White House's latest trade threats against China rattled global financial markets.
Zero-percent auto loan era fading into America’s rearview mirror
Carmakers that used zero-percent financing offers to juice sales at the height of the American auto boom are starting to abandon them as rising interest rates lift their own borrowing costs.
LDI adds Indiana-based firm to its portfolio with new acquisition
Indianapolis-based LDI, which invests in middle-market businesses, is rebuilding its portfolio after losing ownership of Motorsport Aftermarket Group late last year.
U.S. stocks end skid, have best best day since 2015
U.S. stocks surged back from the biggest weekly rout in two years, with major benchmarks climbing more than 2.7 percent Monday on signs that an escalation of trade tensions was beginning to ease.
Stocks tumble again in biggest weekly decline since 2016
Concern is rising that that a trade war and higher borrowing rates could throttle global growth.
Local tax business accused of filing fraudulent returns in federal suit
The U.S. Department of Justice is accusing a tax preparation business with two locations in Indianapolis of reporting false information on federal income tax returns. It is seeking to shut down the business.
Trade worries send stock market plunging
U.S. stocks took their biggest tumble in six weeks Thursday as investors reacted to the threat of an escalating trade war with China that has the potential to disrupt global growth.
Indiana life sciences firms raise record $111M in venture capital in 2017
A $44 million VC infusion in 2017 for biosciences firm On Target Laboratories was one indication that Indiana’s life sciences sector is finally starting to pull down some serious venture funding.
Fed raises key rate, foresees two more hikes this year
The Federal Reserve is raising its key interest rate and signaling confidence in the U.S. economy's durability but plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell.
Venture studio High Alpha offers its firms mentoring, money, marketing and more
Since its takeoff three years ago, investor High Alpha has grown its stable of studio companies from three to nine.
Facebook shares continue to fall amid talk of FTC probe
Facebook shares declined in morning trading, falling 5.5 percent, to $163.08 each. That follows a drop of 6.8 percent Monday that was the company’s largest since March 2014.