Land near hot Fishers interchange set for sale after default
A couple of months after the sheriff's sale of the Fishers Banquet and Conference Center, an adjacent property with the same owners also is headed to auction.
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Durham may see little payoff from dismissal of two counts
When Judge Jane Magnus-Stinson sentenced Durham to 50 years in 2012, she said there was no point to handing down a sentence that was a multiple of his likely life span.
U.S. stocks slide, pushing Dow into red for year
Stocks have sagged in the past two weeks as investors try to assess if Federal Reserve policymakers will raise their benchmark interest rate later this year for the first time since the recession.
High-profile broker Buck faces rash of complaints
Thomas J. Buck, who was fired by Merrill Lynch in March and hired by RBC Wealth Management in April, received five complaints from investors between March 23 and May 4, according to the Financial Industry Regulatory Authority.
AP report: Companies ‘adjust’ profits more in their favor
As the stock market climbs ever higher, professional investors are warning that some public companies are presenting misleading versions of their results to make it seem like they're doing better than they really are.
After swoon, Lilly Endowment climbs back over $10B
Assets in 2014 rose from $7.7 billion to $10.1 billion, a 31-percent surge. The value of the endowment now has nearly doubled since closing 2010 at $5.3 billion.
International Monetary Fund cuts U.S. growth forecast
The International Monetary Fund is downgrading its outlook for the U.S. economy this year and says the Federal Reserve should wait until the first half of 2016 to start raising short-term interest rates.
Indiana securities commissioner abruptly resigns
Carol Mihalik, who took the position in November 2013, stepped down Friday without explanation, according to the office of Indiana Secretary of State Connie Lawson.
Lilly to market euro bonds as low rates lure U.S. firms
The drugmaker plans to sell 2.1 billion euros ($2.3 billion) of securities in three parts, according to a person familiar with the matter who asked not to be identified.
Judge dismisses bulk of Christ Church suit against JPMorgan
Christ Church Cathedral sued JPMorgan last year, saying the bank selected unsuitable and poorly performing investments, causing the church trusts to lose $13 million in value from 2004 to 2013.
31-state deal should make credit report errors easier to fix
Equifax, Experian and TransUnion struck the settlement with attorneys general in 31 states, including Indiana. It calls for the agencies to pay a combined $6 million to participating states and to adjust a host of business practices.
AG’s office warns residents as scams in Indiana escalate
The attorney general's office received 5,255 scam complaints in 2014, more than double the 2,341 from a year earlier.
Banks shuffle downtown Indy locations
Centier Bank intends to fill the downtown office space to be vacated by First Financial Bank, which recently opened elsewhere downtown.
Cities, towns see historic savings on bond refinancings
Municipalities rush to refinance while rates linger near rock bottom, and before an anticipated increase by the Federal Reserve Bank.
Moody’s downgrades Chicago credit rating to junk bond status
Moody's Investors Service announced Tuesday it has lowered Chicago’s credit rating to junk bond status, citing unfunded pension obligations and lagging tax revenue.
Fair Finance trustee reaches $35M settlement with lender
The bankruptcy trustee had accused Fortress Credit Corp. of turning a blind eye to Tim Durham's Ponzi scheme because it was making millions of dollars and held first liens on the only company assets with real value.
Business, philanthropy leader Danielson dies at 95
Donald “Danny” C. Danielson, named a Living Legend last year for his lifelong contributions to business, education and philanthropy in Indiana, died Thursday morning in his New Castle home at age 95.
Stonegate Mortgage quarterly results top expectations
Stonegate Mortgage Corp. reported quarterly earnings that exceeded analyst expectations Wednesday, but its revenue fell well short of predictions.
Former Center Township CFO gets 18 months for theft
U.S. District Judge Sarah Evans Baker has sentenced former Center Township CFO Alan Mizen to 18 months in prison for stealing more than $340,000 in public funds.
Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.