Sale of local funeral home, cemetery business finalized
Pennsylvania-based StoneMor Partners could pay up to $32 million for Memory Gardens Management Co. after trust-fund and debt
obligations are made.
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Schrenker auction expected to fall well short of claims
More than $30 million in claims have been filed against Marcus Schrenker, but a court-appointed receiver expects an auction
of the financier’s property on Saturday to bring in less than $1 million.
Durham poised to turn over proceeds of mansion sale
Beleaguered financier Tim Durham acknowledges owing millions to Fair Finance and is turning over artwork and selling assets
to reduce the loan, according
to an attorney overseeing the company’s bankruptcy.
HAUKE: Despite much bad news, market outlook OK for now
Another fact emerged during May. People became way too bearish. Surveys and market action both suggested a growing fear that
became almost everyone’s opinion.
Auction to sell items from former money manager
The court-ordered auction includes a motorboat, jet ski and a $30,000 diamond ring, as well as a motorcycle that Marcus Schrenker
used to flee police.
MAURER: Take a chance on Brightpoint shares
Here’s the new plan: Purchase the stock at $7.25 to $7.50 a share, and hope to realize a 15-percent to 20-percent gain
in the short term.
Whopping dividend puts obscure oil refiner in spotlight
The financial underpinnings for the current quarterly dividend—45.5 cents per share—seem less than sturdy.
SKARBECK: Municipal bond defaults might be next crisis
for decades, politicians have regularly boosted public pension benefits to score election gains, while neglecting the long-term costs to municipal budgets. Now the bills are coming due.
HICKS: Derivatives don’t deserve their scary reputation
One major part of the legislation will target derivatives. This is an arena where the financial services industry does itself
no good from a public relations sense.
Nipping estate feuds in the bud
A lawyer says too many parents withhold information about estate from heirs and unwittingly set up the heirs for a battle.
HAUKE: Bad news doesn’t yet apply to stock market
Here are the facts. Summer doesn’t turn into winter without going through fall. The same is true with the transition between
bull and bear markets.
City Securities rebounds quickly from recession
Indiana’s oldest and largest investment banking firm expects its revenue to increase 20 percent to 25 percent this year.
Indiana Seed Fund nearing end of $6 million stash
Having invested in 10 companies since 2005 and with its $6 million pot of money running low, the Indiana Seed Fund is nearing
a crossroads.
SKARBECK: Why do Fannie, Freddie deserve a free pass?
One crisis that continues to simmer under the public radar is the endless taxpayer support needed to prop up Fannie Mae and Freddie Mac.
Stocks plummet on economic worries
The Dow Jones industrials plunged below 10,000 Tuesday as traders turned away from stocks amid worries about the global economy
and tensions between North and South Korea.
HAUKE: Uncertain conditions create opportunities
U.S. markets look like they have at least one more rally on the way at some point in the next few months.
SKARBECK: Exchanges’ proposed fix for glitch is ludicrous
Is investing becoming a technology-rigged game for computerized gamblers who rent stocks for seconds or minutes and whose objective is to repeatedly skim small profits?
Stocks surge on effort to ease Europe debt crunch
The Dow Jones industrial average increased more than 400 points in early-Monday trading. Locally, Kite Realty and Conseco shares saw big jumps.
Stocks plunge on concerns about Greece’s debt
Stocks plunged Thursday as investors succumbed to fears that Greece's debt problems would halt the global economic recovery.
The Dow Jones industrials slid almost 1,000 points before recovering to close down 347.
Sale of Memory Gardens restores $20M in trust funds
Acquisition by Indianapolis-based funeral home and cemetery business by Pennsylvania-based company will preserve funds depleted
by former owner.