Wellpoint raises $1.35B in first convertible offering since ’99
Indianapolis-based WellPoint Inc. sold its first convertible securities in more than 13 years with a $1.35 billion offering of 30-year bonds.
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SEC accuses local firm of bilking investors out of $1.7M
The SEC’s complaint accuses three people of committing securities fraud by spending investor funds on luxury automobiles, a motorcycle, a 30-foot boat, college tuition, home renovations, a wedding and a honeymoon in St. Lucia.
Startup aims to take business cards into digital age
Indianapolis entrepreneur Nick Carter thinks he’s found a way to eliminate the “black hole” of marketing data: smart business cards that track how recipients use them.
Analysis: In a crummy economy, why are stocks rising?
Economic growth is pitiful. So why are the major stock indexes just a few percentage points shy of an all-time record? Start with two words: Ben Bernanke.
Stocks open higher day after Federal Reserve move
Stocks opened higher Friday, on track to record one of their best weeks since June, after the Federal Reserve stepped in again to help the disappointing economic recovery.
Allison Transmission struggling to rev up investors
After the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing a bargain.
VISKANTA: Big trends emerge from the lost decade for stocks
Investors are trying to get more bang for their buck and are unwilling to rely on the Wall Street firms, many of which helped bring the global economy to its knees just a few short years ago, for their investment needs.
COHEN: Good reason to keep gold in diversified portfolios
Metal is hedge against printing money, weakening currencies.
WellPoint plans debt offerings to fund Amerigroup acquisition
Indianapolis-based WellPoint Inc., the second-biggest U.S. health insurer, is planning a four-part debt offering to help fund its $4.9 billion acquisition of Amerigroup Corp, the insurer said Wednesday.
Emmis vote strips preferred shareholders of dividends
The Tuesday vote by shareholders to wipe out $34 million in unpaid dividends to preferred shareholders follows a judge’s Friday decision to deny a request by the preferred shareholders to prevent a vote on the proposal.
Judge gives Emmis OK to hold shareholder vote
A federal judge on Friday gave Emmis Communications Corp. the green light to proceed with a shareholder vote that could wipe out $34 million in unpaid preferred shareholder dividends.
State securities fraud restitution fund begins payouts
The fund was established with an initial $2 million investment from a Securities Division account that's funded by fines paid by violators.
Former Durham exec ordered to pay $30,000
Former Obsidian Enterprises Inc. President Terry Whitesell will pay the amount as part of a settlement agreement. A bankruptcy trustee representing investors of Fair Finance Co., owned by convicted financier Tim Durham, had sought more than $225,000 from Whitesell.
Indiana pensions hit as economic doldrums continue
Indiana pension funds took a temporary hit last year and may not rebound as much as public workers would like, based on long-term economic trends outlined for lawmakers Tuesday.
Angie’s List shares plunge to record low after lockup ends
Shares in Indianapolis-based Angie’s List Inc., the consumer-review website company, plunged to a record low after a ban was lifted on stock sales by some of the company’s biggest investors.
Indiana pension system is country’s most conservative
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first large pension system in the country to go below 7 percent.
KIM: Beware conflicts of interest when seeking financial help
There is no such thing as unbiased advice, and conflicts of interest are not automatically bad. However, it’s up to you to take steps to protect yourself from becoming “skinned” in this jungle.
State pensions’ strategy shift causes manager fees to rise
The $25.3 billion Indiana Public Retirement System is in the midst of hiring managers to carry out a strategy where more money will be in hedge funds, private equity and real estate than stocks.
Web startup aims to connect private businesses, investors
Private firms that need to raise relatively modest amounts of capital have a hard time finding money. Now three Indianapolis entrepreneurs think they have the answer: crowdfunding. Individuals make small investments that are aggregated to fund a business. Indianapolis-based Localstake wants to be the matchmaker.
Judge rejects Fair Finance attorneys’ fee request
The compensation plan submitted by Cleveland-based Baker & Hostetler LLP could have netted the law firm $32.5 million if it recovered the entire $200 million or more owed to investors of Fair Finance, which was owned by convicted Indianapolis financier Tim Durham.