Financing is the lifeblood of companies turning intellectual property into a product or service, but turbulent economic conditions
have made it increasingly difficult to raise cash from investors who are content to wait
out the storm by concentrating on their existing portfolios.
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
Contractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least
some of the $44 million they say they’re owed by Getrag Transmission Manufacturing.
We’re generally supportive of a plan to merge the state’s two largest public pensions in an effort to save money, but it’s
hard to know exactly what to think considering the lack of detailed information available about the performance of the funds.
It was not World War II that moved America out of the Great Depression.
After years of torrid gains in the number of wireless phones it handles, Brightpoint has had two consecutive comparable-quarter
declines.
Henri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
Company officials think HHGregg is well-positioned to fill the void that Circuit City Stores Inc. will leave when its stores are closed.
If world leaders don’t quickly demonstrate the courage to stop printing money, the long term is shot. And since that courage
isn’t likely to surface anytime soon, investors should rethink traditional strategies now.
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central
Indiana felt the pain.
Momentive Consumer Credit Counseling Services work to change lives by helping people gain financial stability.
Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts
say stretched consumers and businesses probably won’t reap benefits of an improved economy for at least a year.
Employers, now doubly pinched by steadily rising health insurance premiums and a steadily deteriorating economy, are searching
for new and larger cost-shifting tools, according to survey and anecdotal evidence from Mercer, a global benefits brokerage
and consulting firm.
Southwest is striking a deal to acquire ATA’s valuable landing slots at LaGuardia
and most of the dying airlines’ remaining assets for $7.5 million.
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
Indiana’s public pensions lost $5 billion in the 12 months ending Sept. 30.
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup
spent to build its extravagant branch on 96th Street.
HH Gregg has grown from a local to a national consumer electronic store chain and has its eye on expanding further, given
Circuit City’s bankruptcy filing.
