Indiana Bar Foundation gets $7M from mortgage settlement
The Indiana Bar Foundation will only be able to use its settlement funds for programs covering mortgage foreclosures and community development, foundation leaders said.
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Hoosier startups grab $24 million in VC in first quarter
As venture investments ebbed in the first quarter nationally, Indiana slightly increased its pace of fundraising. Most of the funds, though, went to one company.
Finance officials facing a chronically weak global economy
The International Monetary Fund on Tuesday downgraded its outlook for growth for most regions and for the global economy as a whole. It now foresees a weaker financial landscape than it did in January.
Stricter rules unveiled for brokers giving retirement advice
The action, in rules issued Wednesday by the Labor Department, could shake up how billions of dollars in Americans' retirement investments are handled by brokers.
Broad Ripple tech firm gearing up for capital infusion, hiring binge
Fathom Voice, which sells cloud-based phone systems, is close to completing a $4 million fundraising round as it opens a San Francisco office and adds a prominent state official to its executive team.
Van Til named president of banking group, groomed for CEO
Amber R. Van Til joined the Indiana Bankers Association in 2002 as a lobbyist. She’s the first woman to hold the title of president.
CloudOne raises $9M to fuel growth in ‘Internet of things’
The Fishers-based company, which helps manufacturers manage their Internet-connected products, now has raised about $21.9 million since its inception in 2010.
Indiana businesses appear cautious about the economy
The owners of small and medium-size businesses in Indiana are not as enthusiastic about the economy and business outlook as their national counterparts.
At the NCAA, money is rolling in—but so are challenges
The NCAA is so flush these days that its board recently doled out an extra $200 million to Division I schools—even as the Indianapolis-based organization works to put to bed a thicket of high-dollar legal settlements.
Local man pleads guilty to $2.9 million in tax fraud
A 41-year-old local businessman pleaded guilty to theft of government funds Wednesday after he was accused of cashing hundreds of stolen or fraudulent tax-refund checks worth nearly $3 million.
Old National moving local base to Monument Circle
The Evansville-based bank has secured space in the IPL Building and plans to relocate local executives and a downtown branch there this fall.
Station owner takes steps to thwart skimming at gas pumps
Ricker's, an Anderson-based business with convenience store/gas stations throughout Indiana, is spending $150,000 to prevent the crimes from getting out of hand.
Battered Auer mutual fund soldiers on
From the Auer Growth Fund’s debut in late 2007 through the end of 2015, its average annualized return was negative 5 percent, while the overall market rose an average of 6.3 percent annually.
Allos moves to Launch Fishers to get closer to startups
Allos, which invests in early-stage companies mostly in the tech sector, has ditched its traditional suburban office for room in the popular Hamilton County co-working space.
SKARBECK: Rising corporate profits have justified bull run
Plenty of loud voices argue this long but lazy bull market has been manufactured by the Fed’s policies. That’s not what’s driving stocks.
Dow Jones index back in positive territory after surge
Another surge in U.S. stocks Thursday, on the heels of a four-week rally, turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016.
Fed keeps key rates unchanged; foresees fewer hikes in 2016
Fed officials expect to raise rates more gradually this year than they had envisioned in December. The officials now foresee two, rather than four, modest increases in their benchmark short-term rate during 2016.
Investors to weigh Fed words for clues to future rate hikes
Most Fed watchers think the central bank wants more time to assess the financial landscape. Resuming its rate hikes too soon could slow growth or rattle investors again.
Midwest tech firms might skirt big valuation dips, experts say
The tailwinds that helped push valuations at private tech companies to sky-high levels have subsided considerably in 2016, but local experts think Midwest startups have little to fear.
Former Carrier accounting manager lands in prison
A former accounting manager at Carrier Corp. in Indianapolis has been sentenced to federal prison for embezzling more than $1.2 million from the company, U.S. Attorney Josh Minkler announced Wednesday.