Weak market could derail Allison’s planned IPO
Indianapolis-based Allison Transmission in March said it planned to raise $750 million through a public stock sale, but the economic outlook has darkened since then.
Indianapolis-based Allison Transmission in March said it planned to raise $750 million through a public stock sale, but the economic outlook has darkened since then.
Wall Street's wildest week since 2008 continued with another 500-plus point move for the Dow on Thursday.
The Dow Jones industrial average fell 519 points, or 4.6 percent, to close at 10,719.94 on Wednesday, wiping out the 429-point gain from Tuesday.
The Dow Jones industrial average fell 413 points, or 3.7 percent, to 10,827, in morning trading Wednesday. That erased nearly all of its 429-point gain from Tuesday, when the Federal Reserve pledged to keep its key interest rate at nearly zero into 2013.
The Federal Reserve said Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought and faces increasing risks.
U.S. stocks on Tuesday rallied after the Federal Reserve said it was prepared to use a range of tools to bolster the economy.
Stock prices hurtled lower Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt. Indiana stocks were part of the carnage.
Stock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard & Poor’s downgrade of U.S. debt spooked investors worldwide.
It seems perfectly logical that you want to invest with a manager or fund where the manager has a significant amount invested alongside you.
Low-income women could receive loans in weeks.
Fair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
The Dow Jones industrial average sank 265 points on Tuesday and all three major stock indexes fell more than 2 percent as investors reacted to more signs of weakness in the U.S. economy and poor earnings from several big companies.
while the cost of regulatory compliance can be annoying, they do serve a vital societal function—consumer protection.
An investment firm projects that the Elanco animal-health business will generate sales of nearly $2 billion by 2012 and surpass $3 billion by 2018.
Carmel financial executive among those who plan to shield millions of dollars in a dynasty trust, so it can be passed on to multiple generations of descendants while paying as little in taxes as possible.
StepStone Business Partners has added a chapter in biotech hotbed Warsaw as part of what it hopes will eventually become a statewide network.
Wall Street's Perella Weinberg Partners LP took over at the beginning of July.
For investors, the time to be nervous is when there’s nothing but blue skies on the horizon. The time to be opportunistic is when there’s blood running down the street and the high-paid talking heads are screaming that the sky is falling.
A federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also appointed a public defender for his business partner, James F. Cochran.
Enterprising investors willing to conduct the necessary due diligence may seek to discover high-growth opportunities in emerging-country investments.