Articles

UPDATE: CNO shares soar after quarterly profit rises

The Carmel-based life and health insurer, in an after-markets announcement, said it earned $168.2 million in the final three months of last year, a big jump from the $18.2 million profit it posted in the same quarter the prior year.

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SKARBECK: Get set for a landslide of social media IPOs

Social media seems to be the talk (or, um, tweet) of the town these days. While hundreds of millions of people are using these tech media to interact with one another, the question investors are trying to answer is, what are these businesses worth?

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E-mails detail Fair Finance partner’s money woes

E-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.

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Tim Durham’s exotic cars hit auction block

Fair Finance Co.’s bankruptcy trustee scheduled the Friday auction to raise money for creditors of the defunct company, including more than 5,000 Ohio residents who hold more than $200 million in unsecured investment certificates.

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