Storm will keep financial markets closed Tuesday
Stock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed.
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Rapid rise of ExactTarget uplifting for young techies
In just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company with a market value of $1.5 billion.
Stocks hammered by weak earnings reports
Stocks sank sharply Tuesday morning, driving major indexes to their lowest point since early September, after big-name companies reported weak quarterly earnings and lowered their expectations for the rest of the year.
Scale Computing lands $12 million in VC funding
Scale Computing, a maker of data-storage devices that recently launched a “datacenter in a box,” has landed another $12 million in venture funding.
State going after underwriter of $5M Estridge offering
The regulatory action is an outgrowth of a falling-out between Indiana Securities owner Frank Neese and Bank of Indiana, which lost its entire $1 million investment when The Estridge Cos. collapsed.
Small law firm sees faith in WellPoint class-action suit pay off
A federal judge in June granted preliminary approval to a deal under which WellPoint Inc. would pay $90 million to settle a lawsuit charging it undercompensated policyholders when it converted into a public company in 2001.
Judge tosses out lawsuit blasting Irwin executives
A judge dismissed a lawsuit filed by Irwin Financial Corp.'s bankruptcy trustee, saying the only party with the right to bring suit was the bank’s receiver, the Federal Deposit Insurance Corp. It didn't do so by last month's deadline.
Berry Plastics prices IPO at low end of range
The Evansville-based packaging products maker raised $470 million by selling 29.4 million shares at $16 apiece.
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.
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.