Lilly bumps up dividend for first time since 2009
Shares of Eli Lilly and Co. were on the rise Tuesday morning, a day after the drugmaker announced its first dividend increase in more than five years.
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Ex-prosecutor helps Ball State avert future fraud
The university first learned in September 2011 it had been the victim of an $8.1 million securities fraud, although officials say it began in 2008.
Hamilton County man arrested for investment scheme
John K. Marcum, 50, was taken into custody Thursday after a federal grand jury indicted him on charges of criminal wire fraud, securities fraud and money laundering.
Ponzi scheme operator gets 20 years in prison
A former OneAmerica Securities Inc. representative who is already serving five years in federal prison for running a Ponzi scheme received a much tougher sentence Thursday in a local courtroom.
Indy startup gets backing from ExactTarget co-founders
Carmel-based Allos Ventures led the latest venture capital round for the company, which creates Web-based corporate training software.
Ball State-birthed musical aims for Broadway
If the team behind “The Circus in Winter” has its way (and if enough money can be raised and script kinks worked out), the Ball State University-incubated musical might be the first Tony award winner conceived as a collaborative class project.
Feds charge Deca Financial founder in $5M fraud
Federal prosecutors on Wednesday filed bank fraud, wire fraud and bankruptcy fraud charges against the founder of defunct Fishers collection agency Deca Financial.
Bullard says low inflation not enough to justify zero rates
Federal Reserve Bank of St. Louis President James Bullard said market-based measures of inflation expectations have declined to low levels in recent months but have rebounded since mid-October.
Investors find value in entrepreneurs who fail
While Midwest venture capitalists are still relatively conservative compared to those on the coasts, failure is increasingly carrying more of an edge and less of a stigma.
OneAmerica pays $800K over fraud orchestrated by ex-representative
OneAmerica Securities has agreed to pay the state $805,000 to settle claims it failed to supervise an ex-representative involved in an $8.9 million Ponzi scheme in Ohio, Kentucky and southeastern Indiana.
Carmel click-bait giant ZergNet nabs $3.2M in private equity
The Internet company that claims Dallas Mavericks owner and “Shark Tank” dealmaker Mark Cuban as its seed funder has added more financial backers.
Private equity group confirms Herff Jones buyout
Charlesbank Capital Partners and Partners Group say the purchase—reportedly for $1.5 billion—ensures the educational-products company “has the capital structure, resources, and financial flexibility” to further expand.
Forecast for 2015: Strategist says economy has juice
A Fifth Third Bank expert told attendees at IBJ's 2015 Economic Forecast on Thursday that the business cycle is maturing but still has some oomph left in it.
Humane Society takes Steak n Shake fight to shareholders
The Humane Society has set its sights on Biglari Holdings, the firm that owns Indianapolis-based Steak n Shake, saying it has ignored requests to adopt animal welfare methods like its competitors.
Indiana man sentenced for running fake credit union
Timothy Coughlin, 63, of Indianapolis was ordered to pay $10 million in restitution at sentencing Friday in federal court. Prosecutors say 5,000 investors from 50 countries and all 50 states made deposits to his fake credit union.
Simon CEO’s bonus reversal still triggers investor suit
Seeking to avoid investor litigation, Simon Property this year eliminated a $120 million stock award to CEO David Simon in favor of a performance-based bonus. A retirement fund isn’t satisfied.
Fishers tech startup lands $1 million in seed capital
A Fishers-based tech startup in the home-services industry said Tuesday that it has raised $1.03 million in venture capital, including seed funding from a pair of well-known Indiana investment groups.
Ball State assumes $12.6 million loss in fraud
The chairman of the Ball State University board of trustees has told the State Budget Committee the school is operating under the assumption it won't be able to recover $12.6 million in fraudulent investments.
Local financial adviser sentenced to 10 years
Kevin James, charged in April with securities fraud, mail fraud and money laundering, also was ordered to pay more than $1.3 million in restitution by Judge Sarah Evans Barker.
Kim: Could Hoosier innovation boost nation’s saving rate?
How can saving possibly compete against the excitement of spending or the chance to win a lottery jackpot? Maybe with a Prize-Linked Savings (PLS) account, a product pioneered in the U.S. by Columbus, Ind.-based Centra Credit Union with its 2007 Super Savings program.