As Fed ends meeting, few expect much clarity on next hike
The Fed is expected to issue a statement that acknowledges the strengthening economy without providing much explanation about when the next rate hike might occur.
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Stock maneuver helps Emmis avoid delisting from Nasdaq
Nasdaq said in a notice Monday that it informed Emmis Communications Corp. that the company was “now in compliance with all applicable requirements for continued listing on Nasdaq.”
Carmel software firm lands $1.5M in VC from big names
Founded in early 2015, Bolstra pivoted to selling software this spring and then secured equity capital from Bill Godfrey’s 4G Ventures, among others
Indiana Supreme Court disbars convicted fraudster Durham
Timothy Durham was convicted in 2012 for his role in a Ponzi scheme that defraud investors in Fair Finance Co. of more than $200 million. He is currently serving a 50-year federal prison sentence.
Bluebridge raises $3 million in VC, launches subsidiary
The Fishers-based company has pulled more venture capital from existing and new investors, part of which will fuel the growth of a new employee-engagement company.
Trump VP pick raises legal questions for some Wall Street donors
Since Mike Pence is the sitting Indiana governor, his selection may also raise complex legal questions for some Donald Trump supporters who've managed money for the state, including the private-equity execs Wilbur Ross, Stephen Feinberg, and Tom Barrack.
Hoosier companies land $26M in VC as activity heats up
Indiana had its most active venture investing quarter in 16 years, led by a mix of relatively new startups and young companies in expansion mode.
Dow Jones industrials close at a record high
The stock market hit another milestone as the Dow Jones industrial average closed at a record high on Tuesday, a day after the Standard & Poor's 500 index hit its own milestone.
S&P 500 rises to all-time high on growth optimism
U.S. stocks climbed Monday, pushing the benchmark Standard & Poor's 500 Index to an all-time high, extending a rally from Friday.
Colleges brace for investment losses as scrutiny over tuition mounts
Schools are reducing annual payouts from their endowments as they brace for investment losses. With less money to spend on financial aid, faculty and other costs, colleges may have to search for other revenue.
Hamilton County man to serve prison time for securities fraud
The Secretary of State's office said Steven Garland claimed to be the director of commodities trading at Goldman Sachs and solicited investment money from his victims, saying he would invest it on their behalf.
City Securities’ lesser-known sibling sells
The parent of City Securities Corp. has sold its biggest subsidiary to a New York-based real estate holding company, a move that’s expected to give the niche operation room to grow.
Sallie Mae lands $2.4M in tax incentives for local expansion
As IBJ first reported Thursday morning, Newark, Delaware-based Sallie Mae plans to spend $15.7 million on the new office at 8425 Woodfield Crossing in northeast Indianapolis and add 278 workers to its existing staff.
Sallie Mae planning hundreds of jobs at new Indy office
Student loan provider Sallie Mae Bank is expected to announce plans Thursday morning to spend nearly $16 million on a collections office and call center that will hire up to 278 people before the end of 2023.
U.S. stocks resume selloff as ‘Brexit’ angst continues
U.S. stocks on Monday resumed a selloff sparked by Britain’s shock vote to leave the European Union, with the Dow Jones industrial average falling more than 250 points.
U.S. stocks tumble after Britain’s vote to leave EU
Markets in America mirrored a worldwide selloff Friday morning as the U.K.’s decision to leave the European Union fanned speculation that a divided Europe would hinder already fragile global growth.
Markets plunge as Britain decides to exit European Union
The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.
Lots of unknowns keeping Federal Reserve cautious about rates
Federal Reserve Chairwoman Janet Yellen said Tuesday that the U.S. economy faces numerous uncertainties that compel the Fed to proceed cautiously in raising interest rates.
Ball State study: State too focused on landing ‘footloose’ jobs
Indiana and the nation need to rethink their economic development strategies, which are excessively focused on trying to land large factories—an increasingly difficult task, the report found.
Endowment’s rising assets give Indy competitive edge
After a long swoon, the Lilly Endowment is packing an increasing philanthropic punch. Assets climbed to $11.8 billion in 2015, the fifth straight year they rose.