Auto-auction giant KAR buying European online-auction firm for at least $103M
KAR CEO Jim Hallett said the purchase of Belgium-based CarsOnTheWeb "will instantly anchor KAR in the international marketplace."
IBJ Staff
Articles
Central Indiana existing-home sales show monthly increase
Sales and prices for existing homes were both on the rise in October in the 15-county area, according to the latest data from the MIBOR Realtor Association.
Area builders still seeing rising demand for homes, but pace is slowing
Indianapolis builders saw the smallest monthly increase in applications in the past year in October, and six of the area’s nine counties saw declining permit filings
State police collect unused medicines
Indiana State Police collected more than a ton of expired and unwanted prescription medications Oct. 27 as part of the national “Prescription Drug Take Back” initiative sponsored by the U.S. Drug Enforcement Administration.
Franciscan clinic in Greenwood smaller than originally planned
Franciscan Health has opened an 87,000-square-foot clinic in Greenwood offering urgent care, primary care and specialty care. The clinic, at 1703 W. Stones Crossing Road, opened Nov. 14. It is called Franciscan Health at Stones Crossing. With a price tag of $35 million, it’s the biggest investment for Franciscan in central Indiana since it spent $300 million […]
Memory Bank: Taking the Santa Express at L.S. Ayres
In 1958, L.S. Ayres introduced the Santa Claus Express, an electric train children rode through the store on their way to see Santa.
Editorial: Cigarette-tax hike is an easy call
Business and health interests are calling once again for common-sense legislation to help Hoosiers quit.
Miami-based media company to open Indianapolis office, hire 150 workers
Terraboost Media—which places hand-sanitizer dispensers with poster-size advertisements in businesses—picked the northeast side for its fourth U.S. office.
City-County Council OKs $30M incentive deal with Dow Agro successor
The City-County Council on Monday approved a plan to provide Corteva Agriscience with $30 million in incentives to maintain operations in Indianapolis, but not without reluctance from some council members.
Bidders on state park’s concert stage upgrade go wide of mark, delaying work
New restrooms will be ready for concertgoers at the Farm Bureau Insurance Lawn, but a key portion of the venue’s two-year, $27 million revamp must wait until 2020.
State unemployment rate holds steady at 3.5 percent
Private sector employment in Indiana grew by 3,500 in October over the previous month and is up more than 25,500 over the year, the state said.
New consortium to promote, facilitate investments in state ‘opportunity zones’
Investors who want to take advantage of the “opportunity zones" provision created by last year’s federal tax overhaul are about to receive more help in Indiana.
Rose-Hulman promotes senior vice president to top position
Robert Coons was named president of the Terre Haute-based college Thursday, eight days after being appointed interim leader to replace Jim Conwell, who resigned Nov. 7.
IT company HighPoint Global to expand local operations
The Indianapolis-based firm, which focuses on tech services that help government agencies communicate more effectively with constituents, plans to add 60 employees.
Records
Fundraising Second Helpings to benefit from Tonic Ball, presented by Eskenazi Health, on Nov. 16, across five Fountain Square venues. Tickets: Sold out, but watch Tonic Ball social media (Facebook, Twitter, Instagram) for announcement of limited, cash-only tickets when they become available through LUNA Music. Contact rob@secondhelpings.org. St. Mary’s Child Center to benefit from A […]
IBJ’s not-for-profit Wish List returns Dec. 7
The list publicizes goods and services needed by not-for-profits in the Indianapolis area, in the hope that a business or individual donor will come forward.
King David Dogs closing its downtown restaurant
The owners of the 12-year-old restaurant say they want to focus on new projects, including a catering business that specializes in smoked meats.
Editorial: Indy must learn from Amazon loss
Officials say the region is a winner for becoming a finalist, but the proof is in what we do better next time.
Indiana Chamber to back state hate-crimes legislation
The Indiana Chamber of Commerce on Wednesday announced it would support the passage of a state law against bias crimes, marking the first time the organization has taken an official position on the issue.
Study finds decline in nitrogen levels
A new study casts doubt as to whether plants will continue to absorb as much carbon dioxide in the future as they have in the past, due to declining availability of nitrogen in certain parts of the world.