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.
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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.
Navient can’t block U.S. claim it duped student debtors, judge rules
Student loan giant Navient Corp., which has major operations in Fishers, has suffered a pair of courtroom defeats in its attempt to block government lawsuits alleging borrowers had been mistreated.
With 401(k) accounts booming, what should investors do?
Now that stocks are at record highs and the market is tranquil, it’s easy to feel comfortable leaving your account on autopilot.
Holcomb preparing to put $250M into startups
The state’s new Next Level Fund will invest up to $250 million over the next decade into a need Hoosier startups are starving for—venture capital.
National Lampoon sale closes book on era rife with scandal
Philadelphia-based PalmStar Media has bought National Lampoon Inc., a deal that severs the final ties between the company and a contingent of Indianapolis shareholders, including convicted fraudster Tim Durham.
UPDATE: Dow Jones industrial average tops 22,000 for first time
Apple Inc.’s 5 percent gain on Wednesday, sparked by an optimistic sales forecast, propelled the Dow Jones to another record high.
Insurance agencies agree to merger
The two firms that are merging, Brownsburg-based Hometown Insurance and Zionsville-based Ward Insurance Services, have a combined 16 employees.
Private equity firms’ acquisition targets get pricey
Private equity funds are getting larger, and new players are entering the market. This translates into more competition for deals, which is driving up prices.