HHGregg’s top shareholder may be poised to sell chain
Freeman Spogli & Co. has been invested in the Indianapolis retailer for a decade, which is bordering on an eternity by private equity standards.
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Hyde Park raising $60 million for latest venture fund
The Chicago-based firm, which opened an office in Indianapolis last year, will likely use some of the money to continue investing in Indiana tech startups.
Stock woes continue as China turmoil sparks global selloff
The Standard & Poor’s 500 index slid 2.4 percent on Thursday, to close at 1,943.09, falling to its lowest point since Oct. 1 in the worst start to a year in data going back to 1928.
Cranking out returns: Companies are using dividends to attract investors
Cummins Inc., Duke Realty Corp., Eli Lilly and Co., Simon Property Group Inc. and Vectren Corp. are among the prominent Indiana companies boosting their dividends in recent months. For a few companies, it’s the first increase in years.
Anthem workers file lawsuit over 401(k) fees in retirement plan
Anthem’s retirement plan is accused in a lawsuit of forcing about 60,000 workers and retirees to pay excessive fees by having to invest in Vanguard Group funds billed as low-cost options.
Global stocks on pace for historically bad day
Major U.S. stock indexes sank more than 2.5 percent in morning trading Monday following a financial rout that stretched across Asia into Europe.
Stocks have worst annual performance since 2008
The Standard & Poor’s 500 index and the Dow Jones industrial average both declined Thursday, the last trading day of 2015, putting both in the red for the year.
Guyer settled $400,000 in Durham debts for just $35,000
Dr. Dale Guyer—who was thrust into the spotlight this week after a news report suggested his Indianapolis clinic provided HGH to Peyton Manning—borrowed heavily from convicted Ponzi schemer Tim Durham, starting in 2003.
Trust fund manager that serves disabled entangled in lawsuits
The latest court action involving Special Needs Integrity Inc. is a class-action lawsuit filed against the little-known Indianapolis not-for-profit in November that claims it eroded clients’ account balances with undisclosed management fees and unjustified legal fees paid to the Indianapolis law firm Lewis & Kappes PC.
FINRA disciplines investment broker, administrator
Financial industry regulators have barred a Fishers investment broker for life for refusing to cooperate with an investigation, and suspended a local compliance officer for 14 months.
Buck settlements cost Merrill Lynch $4.1M
Former Merrill Lynch broker Thomas J. Buck used to generate millions of dollars in annual revenue for the brokerage giant. But lately, he’s been costing it millions. Merrill Lynch has paid more than $4.1 million in settlements related to Buck’s alleged misconduct since firing him in March.
Will City Securities be next regional broker to sell?
The parent of City Securities Corp. finds itself at a crossroads with the May death of its 95-year-old vice chairman, Danny Danielson, and with his brother-in-law, Chairman John Peterson, approaching 83 years old.
Federal Reserve finally lifts key interest rate from near zero
The U.S. Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises.
Main Street’s muni-market fight with Fed gains force in Congress
Main Street and Wall Street are fighting the U.S. Federal Reserve over municipal bonds—and they’re gaining ground.
Notre Dame endowment jumps to $10.5B in value
University endowments with some of the highest one-year gains in fiscal 2015 were boosted by investments in private equity, venture capital and real estate, including the fund at Notre Dame.
Emmis again facing delisting after Nasdaq warning
Emmis Communications Corp. said it received a letter from Nasdaq on Monday notifying the company that its stock had closed below the exchange’s minimum $1-per-share requirement for 30 straight business days.
Lilly’s latest dividend increase carries on long tradition
Until impending patent expirations spurred the company to forgo a dividend increase in 2010, the company had announced dividend increases for 42 consecutive years.
Ex-Colt Freeney OK’d to pursue fraud claims against BofA
Former Indianapolis Colts player Dwight Freeney can proceed with his lawsuit alleging that Bank of America Corp. was complicit in a fraud scheme that caused him to lose more than $20 million, a judge ruled.
Fed’s Bullard says investors should prepare for uncertainty
Federal Reserve Bank of St. Louis President James Bullard said the Fed is “going to return to an era where there is a bit more uncertainty about what the committee is going to do, meeting to meeting.”
Pension Fund of the Christian Church president to retire
James P. Hamlett announced plans to step down from the $3 billion pension fund, which provides retirement benefits to clergy and lay church employees nationwide.