Sides reach $750K settlement in rent-to-own housing dispute
The Fair Housing Center of Central Indiana and Indianapolis-based Rainbow Realty Group Inc. have announced a settlement in a legal fight over an allegedly predatory rent-to-own program.
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Indianapolis-based angel investor group eyeing ‘record year’ in 2023, executive director says
VisionTech, a group of more than 130 investors, has so far this year made seven investments totaling $1 million. In comparison, the group made a total of 16 investments totaling $2.4 million in all of 2022.
Elanco’s shares slip to all-time low after Moody’s downgrade
Moody’s action pushed Elanco’s credit rating further into “junk bond” territory, an area considered riskier than investment-grade debt.
Downtown Crowne Plaza hotel slated for $15M renovation
The 273-room hotel’s owner is gearing up for the renovation as planning continues for an expansion of the Indiana Convention Center and construction of a connected 800-room Signia by Hilton Hotel a block to the north.
Fed says more rate hikes needed to curb inflation
U.S. central bankers are waging their most aggressive action against high inflation in a generation.
Indiana students may need to learn how to open bank accounts, take out loans in order to graduate
The vote puts Indiana on track to join several other states that have recently adopted financial literacy graduation requirements.
SPACs lose their spark with deals hard to find
Around Indiana and the nation in recent weeks, special purpose acquisition companies, or SPACs, are shutting down and returning money to investors. In other cases, investors are taking a bath.
IBJ Podcast: Pete the Planner on making the best of a terrible year for investments
The personal finance columnist explains what he calls the “power percentage” and also ventures to make a few optimistic predictions for 2023.
Former David A. Noyes CEO awarded $2M in damages, resolving dispute over termination
The former executive, Mark Damer, had been terminated by financial firm David A. Noyes in 2019.
Crypto exchange has substantial ‘missing’ assets, FTX lawyer says
FTX attorney James Bromley described the company as “run by inexperienced and unsophisticated individuals,” adding that “some or all of them were also compromised individuals.”
FTX says it owes more than $3 billion to creditors
The revelations, which came in a filing to U.S. Bankruptcy Court in Delaware late Saturday, offer a striking portrait of the sheer number of entities that had considerably invested in, loaned money to or otherwise engaged with the three-year-old company.
Used-car dealer Byrider cutting 43 employees at its Carmel HQ
The list of employees being eliminated includes personnel in management, finance, facilities, recruitment, marketing, technology and strategy.
Pete the Planner: Life insurance is the foundation of almost every financial plan
Buying life insurance is not fun. It requires you to formally acknowledge your mortality, relinquish a few vials of blood, and part with dozens of dollars each month.
Anderson School Corp. bookkeeper charged with embezzling nearly $1M
Rather than submitting legitimate vendor expenses, Carla Burke allegedly issued 312 checks to herself totaling $976,773. Investigators said she used the stolen funds for her own personal expenditures, including gambling at several casinos.
Treasury moves forward with database on corporate ownership
Tens of millions of small U.S. companies will soon be required to provide the government with details on their owners and others who benefit from them
Libertarian group sues to block student debt cancellation
The lawsuit was filed in federal court in Indiana, one of several states that plan to tax any student debt canceled by President Biden’s plan.
Indy-based financial wellness firm lands $3M in growth funding
Led by CEO Peter Dunn, also known as “Pete the Planner,” Your Money Line says it will use the funding to further develop its financial wellness software platform and more than double the size of its staff.
IBJ Podcast: Pete the Planner with money lessons for your kids (and refreshers for adults)
Host Mason King has a 6-year-old with a keen interest in money, so he has turned to Pete—has two kids, ages 10 and 13—for his advice in this week’s edition of the podcast.
Hahn: The look of retirement changes with each generation
From the Silent Generation to the GenZers, every demographic group is facing challenges to comfortable retirements.
Tech firms grow wary as funding streams slow
The red-hot tech industry is cooling down, and local industry insiders say they’re preparing for a landscape in which venture funding may be harder for companies to secure.