Cracker Barrel Old Country Store Inc. has rejected Biglari’s request that directors appoint him and business partner Phil Cooley to the board. It also has rolled out a “poison pill” plan that would deter outside investors from taking over the business without negotiating with the board first.
The Dow Jones industrial average jumped 330 points, or nearly 3 percent, to close at 11,433. Indianapolis-based Hurco Cos. led local stocks, gaining 10 percent to close at $23.98.
The insurer said it will use the authorization over several years as market and industry conditions dictate.
There is an unconventional school of thought that says the recent Great Recession was … a balance-sheet recession.
Former Indianapolis developer Sydney “Jack” Williams admitted to failing to report $6.4 million in income from 2004 through 2007 that he earned from Miami Beach, Fla.-based Capitol Investments, run by CEO Nevin Shapiro.
Warren Buffett joined other investors and Indianapolis community leaders Wednesday morning for a ribbon-cutting ceremony at the $27 million East Village at Avondale apartment project.
The investment from Allos Ventures in Carmel and MK Capital in Northbrook, Ill., will help the company expand into more cities. BidPal uses wireless handheld devices to automate charitable auction bidding.
Stocks opened sharply lower Thursday, extending a rout around the world. Indicators across the financial markets suggested investors were frightened that the global economy is in for a long slump.
The Indiana Court of Appeals has upheld a 54-year sentence for a 67-year-old former pastor convicted of pocketing millions of dollars that investors believed would be used to build churches.
A federal bankruptcy judge in Florida has rejected a settlement that would have extricated former Indianapolis developer Sydney “Jack” Williams from tens of millions of dollars in claims for a mere $334,000.
Indianapolis-based Woodley Farra Manion Portfolio Management has rolled out an equity portfolio stacked with nothing but dividend-paying stocks that can provide a reliable source of income.
A tool allowing the super-wealthy to pass assets from one generation to the next without paying taxes is resurging among Hoosier investors.
The New York-based parent of EnerDel, which has almost 400 employees in the Indianapolis area, told investors Friday that it had received written notice of its failure to comply with NASDAQ's listing requirements.
Stocks plunged Friday, erasing the week's gains, amid rising fears about fallout from Europe's debt crisis. Seeking safer investments, investors sent the yield on the 10-year Treasury note to the lowest level in five decades.
US Dry Cleaning’s September 2008 purchase of Tuchman Cleaners was supposed to end years of financial strain for the 25-store Indianapolis chain, but it didn’t happen.
In this environment of near-zero short-term interest rates, money-market fund operators have to work very hard just to earn a few bucks on the substantial sums of money entrusted to them.
Major stock indexes fell Tuesday as worries deepened about Europe's debt crisis and the weak U.S. economy.
Stocks plunged Friday after a dismal report on the job market renewed fears of another recession.
Wouldn’t it be nice to be smart enough to sell at the top and nimble enough to buy back in at the bottom?
The company's IPO filing includes this sobering disclaimer: “We have incurred net losses since inception, and we expect to continue to incur net losses in the foreseeable future.”
