U.S. stocks hit hard by China’s faltering economy
The Standard & Poor’s 500 index sank 1.4 percent Wednesday morning, giving it the worst two-day retreat since January and erasing its gain for 2015.
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Financial planning especially tricky for those with special-needs children
Many parents of children with special needs have to choose between working to help cover added expenses or unemployment so they can tend to their child full time. Financial planning is vital for these families, parents and special-needs advocates said.
Stonegate misses profit mark despite revenue jump
Stonegate Mortgage Corp. saw big increases in revenue and profit in the second quarter, but the financial performance didn’t hit the expectations of analysts.
Hedge fund ups stake in Angie’s List, seeks strategic input
A New York-based hedge fund has increased its stake in Angie’s List Inc. to an "activist position" and says it wants to have input with management about the strategic direction of the company, including the choice of a new CEO and a possible sale of the business.
Few Indy companies embrace state’s new crowdfunding option
Regulations that went into effect July 1, 2014, allow Indiana businesses to solicit capital from rank-and-file Hoosiers in increments of $5,000 or less per investor. The main stipulation: Both the business and the investor(s) must be Indiana-based.
Indiana banks cash in on overdraft fees as low rates linger
Now we know exactly how much of a fortune—or not—that larger, Indiana-based banks are generating from those ill-timed debit and ATM transactions.
SBA loan approvals resume after Congress lifts lending limit
Loan approvals resumed after going on hold Thursday, when the SBA reached its $18.75 billion annual limit for loan guarantees.
Regulators bar adviser Buck from securities industry
The Financial Industry Regulatory Authority said former top producer Tom Buck “willfully committed fraud,” partly by steering clients to commission-based accounts instead of cheaper fee-based accounts.
Anthem gets $26.5B funding commitment for Cigna takeover
Anthem Inc.’s bid to become the largest health insurer in history is setting up one of the biggest debt offerings backing a takeover.
Clock ticking for decision on landmark insider-trading ruling
Time is running out for the United States to ask the Supreme Court to review a ruling that could lay the framework for how insider trading will be prosecuted for years to come.
Republic Airways shares plunge 55 percent after warning
Republic Airways Holdings Inc. stock dove Monday morning after the Indianapolis-based company slashed its profit outlook and warned of more flight interruptions from an ongoing labor dispute with pilots.
First Financial buying Indy lender in $110M deal
Cincinnati-based First Financial Bancorp has agreed to pay $110 million to acquire Indianapolis-based Oak Street Holdings Corp., a lender to insurance agents and brokers, the bank announced Thursday afternoon.
Ameriana shareholders sue over First Merchants buyout terms
Ameriana shareholders said in the complaint that the $69 million offer is “inadequate” and that the deal deters competing bids.
Indy-based health data firm snares $1.5M in VC round
Healthiest Employers LLC, which collects and measures corporate health information, plans to use the funds to drive sales of its analytics software.
Marketing tech firm bags $8M venture capital boost
Indianapolis-based marketing technology firm SmarterHQ has landed another $8 million in venture capital, spearheaded by an investment fund launched by local retail behemoth Simon Property Group Inc.
Watchdog: Budget cuts lead to poor taxpayer service at IRS
Only 37 percent of people who called the IRS for help during tax season were able to reach a person, the report said. For those who got through, the average time on hold was 23 minutes.
How Biglari shielded himself from another proxy battle
Sardar Biglari was able to use shareholder money to boost his voting power to nearly 50 percent.
New York Stock exchange shutdown lasts three-plus hours
The New York Stock Exchange halted trading for 3-1/2 hours Wednesday because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.
New York Stock Exchange suspends trading in all securities
Equity trading was halted Wednesday at the New York Stock Exchange as the biggest American share venue addressed a computer malfunction and canceled open orders.
Former mayor Goldsmith joins new consulting practice at BKD
Former Indianapolis Mayor Steve Goldsmith has been hired by national accounting powerhouse BKD LLP to lead a new public sector consulting practice, the firm announced Wednesday.