Finish Line stock jumps on takeover speculation
Stock in Finish Line Inc. rose 6.5 percent Wednesday after an analyst at Susquehanna Financial said he believes a buyout of the Indianapolis-based retailer is likely.
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Action on student loan forgiveness delayed as rules revised
Tens of thousands of former students who say they were swindled by for-profit college operators like ITT Educational are being left in limbo as the Trump administration delays action on requests for loan forgiveness.
Third member of Fishers investment firm sentenced for fraud
The third and final member of a Fishers-based capital investment firm called the Dane Group has been sentenced to three years in the Indiana Department of Correction.
Equifax’s historic hack might have exposed almost half of U.S.
Hackers exploited a website application to access names, addresses, Social Security numbers and some driver’s license numbers of potentially 143 million consumers, Equifax said Thursday.
ITT brass settled with SEC, but commissioners nixed deal
The SEC in a blistering 56-page suit had charged that the pair concealed the company’s rapidly eroding financial condition and “routinely misled” the firm’s outside accounting firm, PwC. It’s not clear what the terms of the settlements were.
First Internet Bank investing in California health care lender
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
Wells Fargo now says 3.5 million accounts involved in scandal
The scope of the banks fake accounts scandal grew significantly on Thursday, with the bank saying that 3.5 million accounts were potentially opened without customers’ permission.
Sports-software company raises $1.1 million in latest round
Upper Hand said it plans to use the money to boost its sales team and its software. The company has raised $2.1 million since last spring.
Yellen defends banking overhaul passed after 2008 crisis
Federal Reserve Chairwoman Janet Yellen on Friday defended the web of regulations the Fed helped enact after the 2008 financial crisis, disputing criticism that the rules have hurt lending.
A puzzle for central bankers: Solid growth but low inflation
With the prospect of new leadership at the Federal Reserve within months, investors will be listening for any hint of shifting interest rate plans from the policymakers.
Sigstr raises $5 million in venture capital from big names
The 3-year-old marketing-tech company corralled notable Midwest and East Coast investors in the deal, which is the second-largest in Indiana this year.
Judge orders Durham to pay $1.3M, sides with SEC in 6-year-old suit
The civil lawsuit had been on hold until last year, when Durham finally exhausted his appeals in a criminal case that culminated with the Indianapolis businessman’s sentencing in 2012 to 50 years in prison.
Compton plots strategy for indie flick ‘Columbus’
Prominent tech investor Bob Compton is one of the movie's six executive producers. He helped fund "Columbus" and recruited tech notables Don Brown and Scott Dorsey to invest in the project as well.
Funding conditions for U.S. tech startups reach record high
A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors' appetite to back the riskiest companies.
U.S. companies thank foreign sales for best earnings season since 2004
Of the 454 companies in the S&P 500 that have so far reported second-quarter results, 68 percent have beaten analysts’ average estimates for revenue and 78 percent have topped per-share earnings expectations.
Tech companies lead worst day for U.S. stock market since May
Brewing tensions between the U.S. and North Korea put investors in a selling mood again Thursday, dragging U.S. stocks lower for the third day in a row.
N.C. firm wants to be ‘stronger face’ for private equity in local tech scene
Frontier Capital recently embarked on an effort to make eight-figure equity investments in tech firms across the Midwest. It already had invested more than $60 million in Indiana companies before the new push.
Chase CEO drops in to quiz Indianapolis employees
Jamie Dimon and other top executives of the nation’s biggest bank were in town Wednesday to ask local employees about what’s working and what needs fixing. Some could join him on a bus trip.
Castleton nightclub manager gets 15 years on drug, laundering charges
Investigators say Pierre Burnett, who managed Epic Ultra Lounge (formerly Tantrum), was the leader of a major heroin and cocaine distribution ring in the Indianapolis area.
Old National making entry into Minnesota with $303M acquisition
Old National Bancorp. announced plans Tuesday to acquire St. Paul, Minnesota-based Anchor Bancorp Inc.