The SEC in a blistering 56-page suit had charged that the pair concealed the company’s rapidly eroding financial condition and “routinely misled” the firm’s outside accounting firm, PwC. It’s not clear what the terms of the settlements were.
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
Upper Hand said it plans to use the money to boost its sales team and its software. The company has raised $2.1 million since last spring.
Finish Line adopted the shareholder-rights plan, also known as a poison pill, after a British retailer acquired a substantial stake in the Indianapolis-based company.
Federal Reserve Chairwoman Janet Yellen on Friday defended the web of regulations the Fed helped enact after the 2008 financial crisis, disputing criticism that the rules have hurt lending.
With the prospect of new leadership at the Federal Reserve within months, investors will be listening for any hint of shifting interest rate plans from the policymakers.
The civil lawsuit had been on hold until last year, when Durham finally exhausted his appeals in a criminal case that culminated with the Indianapolis businessman’s sentencing in 2012 to 50 years in prison.
Prominent tech investor Bob Compton is one of the movie's six executive producers. He helped fund "Columbus" and recruited tech notables Don Brown and Scott Dorsey to invest in the project as well.
A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors' appetite to back the riskiest companies.
Of the 454 companies in the S&P 500 that have so far reported second-quarter results, 68 percent have beaten analysts’ average estimates for revenue and 78 percent have topped per-share earnings expectations.
Brewing tensions between the U.S. and North Korea put investors in a selling mood again Thursday, dragging U.S. stocks lower for the third day in a row.
Frontier Capital recently embarked on an effort to make eight-figure equity investments in tech firms across the Midwest. It already had invested more than $60 million in Indiana companies before the new push.
Because passive funds do not choose stocks based on performance potential, Lund asserts they lack a financial incentive to ensure that each of the companies in their very large portfolios is well run.
Now that stocks are at record highs and the market is tranquil, it’s easy to feel comfortable leaving your account on autopilot.
A virtuous circle develops as rising tech stocks continue to attract new buyers and index funds must continue their purchases to maintain their proportion in the index.
Philadelphia-based PalmStar Media has bought National Lampoon Inc., a deal that severs the final ties between the company and a contingent of Indianapolis shareholders, including convicted fraudster Tim Durham.
Apple Inc.’s 5 percent gain on Wednesday, sparked by an optimistic sales forecast, propelled the Dow Jones to another record high.
Private equity funds are getting larger, and new players are entering the market. This translates into more competition for deals, which is driving up prices.
Authorities say the man defrauded a longtime client out of nearly $1.2 million and spent that money on vacations, golf club memberships, meals and retail purchases.
S&P Dow Jones Indices on Wednesday said the Indianapolis-based real estate investment trust would be moved from the S&P MidCap 400 index to the S&P 500 index starting July 26.
