Emmis launches ‘blank check’ firm, on hunt for media, tech acquisitions
The new firm, led by Emmis Communications executives, could raise as much $230 million to buy one or more companies and take them public.
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Pete the Planner: Excessive spending will cause pain in long run
@et meaningful financial goals. These goals should bring a great sense of accomplishment, once you achieve them.
IBJ Podcast: This is the number you really need to know to save enough for retirement
Peter “Pete the Planner” Dunn breaks down the factors you must consider when building up your retirement nest egg.
Money: Try touchless payment to avoid dirty money
Since January, no-touch payments have increased at 69% of retailers surveyed by the research firm Forrester on behalf of the National Retail Federation. And two-thirds of retailers surveyed now accept some form of no-touch payment.
Millennial Money: Six Great Recession lessons that still apply
Save what you can, think twice before rejecting a job offer, protect your credit but protect yourself first and more from Millennial Money.
Millennial Money: Transition from work-at-home novice to pro
As work and home life meld, it’s difficult to maintain boundaries, stay productive and take care of your mental health amid the pandemic.
Westfield mayor orders financial review of all city practices, accounts
The move by Mayor Andy Cook follows a controversy in July over contracts for Grand Park Sports Campus and his veto of a city council resolution for review and approval of all Grand Parks contracts.
IBJ Podcast: Pete the Planner explains what’s scaring him about the economy right now
IBJ columnist Peter Dunn offers advice for people who are in financial trouble right now because of the pandemic, those who are at risk of trouble and those who are likely to escape relatively unscathed, if not in a better position than when the pandemic started.
Money: How ‘maximizers’ can cut decision-making angst
Our determination to make the optimal choice means we’re often plagued by buyer’s remorse as well as decision paralysis.
Armed with $100M, Novus Capital prowls for acquisition
The “blank check company”—formed to acquire one or more businesses and merge with them as a way to take those companies public—closed its funding round in May and is looking for a business to buy.
Record-low interest rates have sparked a refinancing free-for-all
A borrower who took out a 30-year, $200,000 mortgage in 2018 at an interest rate of 4.55% would have a monthly payment of $1,019. By refinancing into a 30-year mortgage with a 3.46% interest rate, the monthly payment would drop to $865.
Former Celadon affiliate 19th Capital sold in deal that should save dozens of jobs
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
Boone County group offering loans for small businesses hit by crisis
Approved businesses will also be eligible for one-on-one business plan consulting through the term of the no- or low-interest loans.
Software firm Lessonly scores $15 million in latest venture funding round
The funding—secured before the coronavirus hit the U.S.—will be used to fuel growth across all segments of the company, said Lessonly CEO Max Yoder.
Carmel auto finance firm calling it quits after 33 years, terminating 127 employees
Carmel-based auto finance company Coastal Credit LLC plans to end operations and terminate all of its employees by the middle of this year, the company said in a letter to the state.
Indiana unemployment dipped to 3.1% in January
In a snapshot of the state’s workforce from January, private employment grew in the transportation, hospitality, education and health sectors while declining in manufacturing.
With unprecedented force and speed, a global recession is likely taking hold
Across the country, consumer spending—which supports 70% of the economy—is grinding to a halt as fears of the escalating coronavirus pandemic keep people from stores, restaurants, movie theaters and workplaces.
Pete the Planner launches ‘affordable’ financial advice service
Peter Dunn has launched Hey Money, a financial help subscription service that targets “consumers who don’t yet have the wherewithal to hire a fee-based money adviser.”
After ebullient 2019, Wall Street warns of tepid returns ahead
Over the last decade, years, the S&P 500 returned more than 13% on an annualized basis. A gain less than half of that may be more likely, both for next year and annually for the coming decade.
Markets in 2019: Late surge caps year of soaring investments
A statement on monetary policy in January helped set the tone for a year in which the stock market responded to every downturn with a more sustained upswing.