Yellen says economy close to achieving Federal Reserve goals
Federal Reserve Chairwoman Janet Yellen did not specifically address the timing for future rate hikes, but her remarks support the view that future hikes are coming.
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Indiana’s tech scene has a lot of things going for it, but venture capital isn’t one
The average amount of venture capital flowing into Indiana companies per deal is the lowest in the Midwest and among the lowest in the country.
Judge’s ruling ends civil suit against former Irwin Union bank officers
An Indianapolis judge has ruled in favor of three former Irwin Union Bank & Trust Co. executives, closing the book on a civil suit that the bank’s bankruptcy trustee originally filed in 2011.
Downtown Cummins building lands first retail tenant
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
City reaps $1.2M from Conrad hotel investment
Here’s a little-known fact: The city of Indianapolis has an ownership stake in two of downtown’s most luxurious hotels and has received nearly $1.2 million so far from one of the investments.
Tech groups ally for venture capital event
Some of Indiana’s most acclaimed technology and entrepreneurial events are joining forces for a multi-day June conference, an effort aimed at boosting venture capital in a state that struggles to draw it.
Tech-consulting firm Kinney Group lands $6M in VC
The Indianapolis-based company plans to use the cash infusion slated to boost its headcount and expand its office space.
Securities-fraud clash to get U.S. Supreme Court scrutiny
The investors, led by the Indiana Public Retirement System, urged the Supreme Court not to take up the dispute.
IU Kelley school alums power venture group AngelBom
AngelBom is composed of alumni of the IU Kelley School of Business’ Business of Medicine Program and is a 6-month-old chapter of the angel investment group VisionTech Partners.
Innovate Indiana Fund backs fraud-prevention firm
Chicago-based Rippleshot, co-founded by IU alumnus Yueyu Fu, raised a total of $2.6 million in a funding round in February.
Federal Reserve hikes key rate for second time in three months
The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.
Small central Indiana town set to lose its only bank branch
Leaders of a small town east of Indianapolis are trying to find a way to keep the community's only bank open.
Student loan defaults on the increase, study finds
A new analysis of government data by the Consumer Federation of America found that the number of Americans in default on their student loans jumped by nearly 17 percent last year.
Former Estridge Homes controller to plead guilty to bank fraud
Thomas Carter of Fishers diverted more than $340,000 from company bank accounts into his own accounts between 2013 and 2016, Carter’s plea agreement says.
Gordmans Stores files for bankruptcy with plan to liquidate
The century-old discount department store chain operates one store in the Indianapolis area and several more in other parts of the state.
Indianapolis sitting pretty with light pension burden compared to peers, report says
Indianapolis has it relatively easy in large part due to state involvement in its pension plans, according to Standard & Poors.
Former Indianapolis tax preparer sentenced for filing false returns
Prosecutors say the man filed 65 fraudulent tax returns on behalf of central Indiana clients between 2010 and 2012.
Income tax audits plummet as IRS loses agents to budget cuts
As millions of Americans file their income tax returns, their chances of getting audited by the IRS have rarely been so low.
Embattled businessman Eyler files for bankruptcy
The filing follows a wave of lawsuits filed against Gary Eyler in connection with the collapse of The College Network, a company he founded in 1995 that provided online test-prep materials for college entrance exams.
Yellen signals Federal Reserve likely to raise rates this month
Federal Reserve Chairwoman Janet Yellen said in a speech in Chicago that the Federal Reserve expects steady economic improvement to justify additional rate increases.