Financial industry regulators banned one brokerage firm employee for life for impersonating customers, suspended another one for making unauthorized trades and are seeking punishment for a third.
Investigators said Jaime C. Lopez swindled hundreds of thousands of dollars from investors—using money he was supposed to invest to buy automobiles, make mortgage payments and pay for home landscaping.
It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
The minutes of their most recent meeting in late April show that Federal Reserve officials widely felt it would be appropriate to raise rates at their June 14-15 meeting as long as hiring and economic growth further strengthened.
Rev. Todd Adams takes the helm this summer, succeeding James P. Hamlett, 67, who is retiring. Adams will aim to keep the fund on strong footing despite declines in church membership.
Odyssey, a Broad Ripple firm behind a fast-growing website for millennials, has raised a game-changing sum as it plans more hires.
The company, which is in the process of buying rival insurer Cigna Corp. for $54 billion, said medical enrollment has climbed by about 1 million members since the end of 2015, reaching 39.6 million members.
Lilly got a boost from a stable of new drugs but saw sales tumble for longtime stalwarts Cymbalta and Humalog. Meanwhile, R&D costs rose as the company ushered products through its late-stage pipeline.
With the global economy struggling and U.S. inflation still below the Fed's target rate, many economists see little likelihood of a rate increase even before the second half of the year.
The publisher of USA Today and the Indianapolis Star went public with an $815 million offer for Tribune, which owns the Chicago Tribune and Los Angeles Times.
After all the turmoil, investors are eager for signs that interim CEO Robert Riesbeck is righting the ship.
The deal also calls for CNO to make general account investments of about $250 million over an undisclosed period of time. It also agreed invest $30 million in TCP's publicly traded business development company, TCP Capital Corp.
As venture investments ebbed in the first quarter nationally, Indiana slightly increased its pace of fundraising. Most of the funds, though, went to one company.
The first quarter provided excellent examples of some timeless investing lessons. The stock market is inherently volatile.
The action, in rules issued Wednesday by the Labor Department, could shake up how billions of dollars in Americans' retirement investments are handled by brokers.
Fathom Voice, which sells cloud-based phone systems, is close to completing a $4 million fundraising round as it opens a San Francisco office and adds a prominent state official to its executive team.
The NCAA is so flush these days that its board recently doled out an extra $200 million to Division I schools—even as the Indianapolis-based organization works to put to bed a thicket of high-dollar legal settlements.
From the Auer Growth Fund’s debut in late 2007 through the end of 2015, its average annualized return was negative 5 percent, while the overall market rose an average of 6.3 percent annually.
Plenty of loud voices argue this long but lazy bull market has been manufactured by the Fed’s policies. That’s not what’s driving stocks.
Another surge in U.S. stocks Thursday, on the heels of a four-week rally, turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016.
