U.S. problem-bank list continues to shrink
The number of financial institutions on the Federal Deposit Insurance Corp.’s problem-bank list has fallen below 100 for the first time in a decade.
IBJ Staff
Articles
Biotech firm plans expansion in Franklin, 23 new jobs
Its $1.5 million investment is expected to help B2S Life Sciences more than double its staff and grow its client base, which includes contract research groups, pharmaceutical firms and biotech startups.
Software tax-exemption bill awaits governor’s signature
A bill that exempts “software as a service” from Indiana’s 7 percent sales tax is headed to the governor, who said he’ll gladly sign it.
Downtown office tower BMO Plaza sold in $70M deal
The $70 million price marks a whopping 75 percent increase over the $40 million the previous owners paid to buy the property in early 2016.
Carmel-based Splenda maker to relocate headquarters, add jobs
Heartland Food Products Group said it plans to leave its offices at Clay Terrace for a bigger headquarters within 18 months. The move would allow the firm to add about 130 employees.
Fox 59 meteorologist leaving for new gig in Florida
Fox 59 and CBS4 in Indianapolis are shopping for a new weather and traffic personality after losing one to a Fox affiliate in Tampa, Florida.
National tour of ‘Hamilton’ coming to Indianapolis
Broadway phenomenon “Hamilton: An American Musical” is scheduled for Indianapolis as part of an upcoming national tour of the show, but fans will need to be patient.
Manufacturer plans $72 million plant, 89 jobs in Lebanon
The company that makes the water-soluble film used to create products such as Tide Pods and Cascade ActionPacs plans to break ground on the 150,000-square-foot manufacturing plant this summer.
Local investigation firm faces suit over evidence in Manning doping probe
The case involves a probe Phenix Investigations Inc. conducted in 2015 after former Indianapolis Colts quarterback Peyton Manning and other star athletes were accused of using performance-enhancing drugs.
Transportation agency director to retire
Lori Kaplan, executive director of the Central Indiana Regional Transportation Authority, has led the organization two years.
Indy Tire & Auto Service takes on new name
Indianapolis-based Indy Tire & Auto Service has a new name: Best-One of Indy.
Cushman & Wakefield names new office leader
Timothy Michel assumes the role of managing principal from Chris Yeakey, who had served in the position since November 2015.
Mounds Mall in Anderson closing after 53 years in business
The very first enclosed shopping center developed by mall giant Melvin Simon & Associates is shutting down at the end of the month. The looming closure of anchor tenant Carson’s was the last straw for the struggling property.
Construction tech-services firm expanding HQ, adding 56 workers
Indianapolis-based Earthwave Technologies Inc. is doubling the size of offices on the city’s northwest side.
Book distributor to terminate 147 employees in local closure
The country’s largest book distributor plans to close its distribution center on the northwest side of Indianapolis, resulting in 147 job losses.
EDITORIAL: Anthem’s silence about Indy HQ is cause for self-reflection
Anthem Inc.'s refusal to confirm it plans to keep its headquarters in Indianapolis serves as a stark reminder to government and corporate leaders of the fragility of corporate headquarters.
Flaherty & Collins plotting $75M project in Cleveland
Flaherty & Collins, which is wrapping up its $120 million 360 Market Square apartment project in Indianapolis, has reached a development agreement for a $75 million mixed-use project in the Cleveland suburb of Cleveland Heights.
KAR to spin off salvage unit into new public company
Carmel-based KAR Auction Services Inc. on Feb.27 said it plans to spin off its Insurance Auto Auctions salvage auction unit in the next year, creating a separate publicly traded company. The separation is designed to “increase shareholder value and focus each company’s strategic priorities on its respective marketplace and unique customers,” the company said in […]
KAR Auction’s proposed spinoff to be headquartered in Illinois
The Carmel-based company plans to separate its Insurance Auto Auctions salvage auction business unit within the next year to create a separate publicly traded company.