Feds: Hauke OK’d disastrous real estate investments
Prosecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and using new investors’ money to fund withdrawals.
Prosecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and using new investors’ money to fund withdrawals.
Prosecutors accused Hauke of losing millions on Michigan real estate investments, then hiding those losses from clients.
Cracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak n Shake, is seeking a seat on the company's board of directors.
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
Indianapolis' mayor has met with top executives of the Chicago Mercantile Exchange to discuss bringing the 163-year-old financial market to Indiana's largest city. A move would mean hundreds of jobs for Indianapolis.
Things change so fast in the technology world that the prospectus ExactTarget Inc. filed four years ago when it first sought to go public reads today almost like something from the floppy-disk era.
Central banks around the world worked Wednesday to give banks easier access to dollars, jolting stock markets and easing fears of a global credit crisis. The Dow Jones industrial average had its biggest daily gain since March 2009.
State municipal-bond banks in Indiana, Vermont, Maine and New Hampshire plan to issue about $190 million in debt this week, as smaller communities seek to take advantage of 10-year interest rates near a six-week low.
Angie’s List Inc. fell 9.2 percent on Tuesday, dropping below its initial public offering price for the first time and joining a crop of Internet companies that have lost value since their IPOs this year.
Regulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company without investors’ knowledge.
The initial public offering price was $13, the high end of the range projected in regulatory filings. That price was more than quadruple the average price of $2.76 paid by prior investors.
The Indianapolis-based e-mail marketing company is aiming to tap a hot IPO market. Sixteen firms have gone public this month, including locally based Angie’s List.
The transaction with New York-based Alden Global Capital, the largest holder of Emmis preferred stock, is expected to end more than a year of legal wrangling involving the two companies.
The Fair Finance trustee alleged that, in addition to being huge campaign contributors to former Marion County Prosecutor Carl Brizzi, Tim Durham and his companies helped cover Brizzi’s personal expenses.
Battery Ventures’ investments in Angie’s List Inc. and Groupon Inc. have produced more than $440 million in paper profit after the Internet-commerce companies sold shares to the public this month.
The basic idea behind risk parity is to reduce the weight of stocks and increase the weight of bonds to balance the volatility.
Angie’s List Inc. shares rose as much as 44 percent in their trading debut Thursday after the company raised $114 million Wednesday in its initial public offering. The stock closed the trading day up more than 25 percent, at $16.26 per share, after rising as high as $18.75 early in the morning.
Angie’s List Inc., the Indianapolis-based consumer-review service with more than 1 million paying members, raised about $114 million in its initial public offering Wednesday after pricing the shares at the top end of the proposed range.
U.S. initial public offerings are set to raise the most in six months in November as Delphi Automotive Plc and Angie’s List Inc. take advantage of the biggest rebound in the Standard & Poor’s 500 Index in 20 years.
The new asset mix, approved by the Indiana Public Retirement System’s board late last month, includes a lower concentration of public equities.