Baldwin & Lyons reveals departure of chief operating officer
The Carmel-based transportation insurer did not say why the executive left the company. The news comes less than two years after another big shakeup that saw three executive departures.
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Fed rate hikes squeezing even the nation’s hottest automaker
Subaru Corp., the only car manufacturer to boost U.S. sales every year in the last decade, is continuing to offer cheap financing on models even as rates rise, pinching margins in a plateauing market.
Enron fraudster to speak at investment forum in Carmel
Former Enron CFO Andy Fastow, who was sentenced to six years in prison for his role in the Enron scandal, is expected to tell local financial analysts how the fraud unfolded and what he learned from the experience.
Wisconsin-based startup accelerator plants flag in Indy
Gener8tor, which takes ownership stakes in startups in return for providing intensive guidance, will launch a free program in Indianapolis this spring that will provide coaching for seven weeks to five promising Hoosier companies.
Carmel-based Merchants Bancorp reports record profit for 2017
The bank, which went public in October, says it saw especially strong growth in its multifamily mortgage business last year.
Market’s turmoil could affect Federal Reserve’s rate decisions
The turbulence coursing through markets has raised speculation that Fed officials might decide to slow their pace of rate increases out of fear of upsetting the markets and possibly harming the economy.
Dow plunges 1,032 as market enters correction territory
The Dow Jones industrial average is 10 percent below the record high it set just two weeks ago after another market swoon on Thursday.
Judge orders ex-CEO to pay nearly $850K in Veros Ponzi scheme
A former finance company chief with a history of securities law violations has been ordered to pay almost $850,000 in connection with the sale of shady securities based on farm loans.
Strong year bolsters battered Auer Fund
The Indianapolis-based mutual fund has posted cumulative returns of negative 0.43 percent since 2008. But things turned around in a big way last year, with 2017 returns of 28.75 percent.
UPDATE: Stock market goes on another wild ride
n another stomach-churning day Tuesday, stocks plunged in the morning, then pulled off a late-afternoon rally, ending the day in positive territory and recouping some of the losses from the market's two-day plunge.
Ganassi lands PNC Bank sponsorship for Dixon’s IndyCar
Scott Dixon, who is ranked fourth on IndyCar’s all-time victory list with 41, got by with patchwork sponsorship last season after Target ended nearly 30 years with Chip Ganassi Racing.
U.S. economy fundamentally strong despite stock market plunge
A wave of fear about inflation and higher interest rates helped send stock prices tumbling Friday and Monday. Yet the rush of anxiety has obscured a fundamental fact about the U.S. economy: It's healthy.
After stomach-churning ride, Dow ends session with largest-ever point drop
The Dow Jones industrial average briefly plunged nearly 1,600 points Monday, definitively ending a record-setting period of calm in the U.S. stock market.
Investment pros staying calm after rate fears clobber stocks
Many fund managers and analysts say they’re optimistic stocks can keep rising, even if interest rates continue to climb.
Dow drops more than 500 points as investors fret over higher interest rates
Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month rattled equity investors who haven’t seen a week this bad in two years.
Banking titan Andy Paine dies at age 80
Paine spent 37 years in banking, starting with Indiana National Bank, where he rose to president and chief operating officer. At his retirement, he was president and CEO of the Indiana arm of NBD Bank.
House advances ‘hillbilly venture capital’ bill pushed by payday loan industry
House Bill 1319, which would allow the short-term loan industry to offer high-interest consumer loans, is opposed by veteran groups, religious institutions and consumer advocates.
Fed leaves key rate unchanged at Yellen’s final meeting
The Federal Reserve said it expects the steadily strengthening economy to warrant further gradual increases in its benchmark rate.
Banks poised to reap big gains from tax reform
Bankers and industry experts say the federal tax reforms passed late last year will give an especially big boost to banks.
Survey: U.S. retirement savings in best shape in years
The surging stock market, which has more than quadrupled since early 2009, has helped increase the value of 401(k) and Individual Retirement Accounts.