Analysts struggled to predict Anthem-Cigna outcome (but don’t tell them that)
The proposed $48 billion merger of Anthem and Cigna kept Wall Street experts guessing for months.
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GOP-led House panel votes to overhaul Dodd-Frank
While the measure is expected to pass the full House, in the Senate, it will need 60 votes to become reality, meaning the GOP will need several Democrats to join their effort.
Life sciences firms see some fundraising success but need massive sums
Around Indiana, life sciences companies are searching high and low for venture capital to fund promising but expensive new products, which can take a decade or longer to develop.
Celadon shares plummet after company admits to accounting woes
Shares in the Indianapolis-based trucking company dropped as much as 67 percent Tuesday morning. At least 16 law firms say they have filed lawsuits against the company or are investigating doing so.
Tech leaders say they’re pleased with Legislative session
One of the victories, tech leaders said, was the legislative green light for a toll-road fund to invest $250 million in venture capital. But the mechanism for doing so has yet to be determined.
British retailer raises eyebrows by buying big Finish Line stake
Sports Direct International pl, which now holds a 7.9 percent stake worth $47 million in Indianapolis-based Finish Line, isn't commenting on its intentions.
Securities-fraud clash to get U.S. Supreme Court scrutiny
The investors, led by the Indiana Public Retirement System, urged the Supreme Court not to take up the dispute.
IU Kelley school alums power venture group AngelBom
AngelBom is composed of alumni of the IU Kelley School of Business’ Business of Medicine Program and is a 6-month-old chapter of the angel investment group VisionTech Partners.
Yellen signals Federal Reserve likely to raise rates this month
Federal Reserve Chairwoman Janet Yellen said in a speech in Chicago that the Federal Reserve expects steady economic improvement to justify additional rate increases.
Stocks have record day as Dow closes above 21,000
The Dow Jones industrial average rose above 21,000 points for the first time in what was the biggest gain for the blue-chip index so far this year. The S&P 500, the Nasdaq composite and the Russell 2000 also reached record highs.
HHGregg shares cease trading on New York Stock Exchange
The New York Stock Exchange on Tuesday suspended trading of HHGregg Inc. shares as it began proceedings to delist the struggling retailer’s common stock.
College endowments suffer ‘lost decade’
Officials overseeing endowments at some of Indiana’s colleges and universities have cut back on spending, or are considering doing so, after struggling to grow their funds over the past decade.
Noyes creates bond unit with City Securities vets
Three former City Securities fixed-income experts have joined Noyes, giving the firm’s new bond unit more than 150 years of sector experience.
Regulators sanction investment broker with fine, suspension
Authorities say David Girton failed to disclose several civil judgments and tax liens against him in a timely fashion, in violation of financial industry regulations.
SKARBECK: State’s investment strategy for pensions not paying off
Following the trend of diversifying investment types has dampened returns for Indiana’s public pension plan.
Activist investors enjoying a profitable ride at Allison Transmission
ValueAct Capital parted ways with the Indianapolis-based commercial-transmission manufacturer after turning its $345 million investment into $622 million, not including dividends.
Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
Eli Lilly earnings rise sharply but narrowly miss analysts’ expectations
The Indianapolis-based drugmaker got a revenue boost from a host of new medications but also saw sales fall sharply for some older products.
Lawmakers propose bill to expand venture capital tax credit
The bill would increase the cap on the amount of tax credits investors could claim, as well as make the credits useful for out-of-state investors.
Indiana tech IPOs becoming a rarity
Global forces are swaying tech companies to delay or forgo going public, and acquisitions seem poised to play a bigger role in the exit strategies of Hoosier tech firms.