Carmel-based KAR Auction Services Inc. on Tuesday afternoon said it plans to spin off its Insurance Auto Auctions salvage auction business unit within the next year. The unit accounted for 34 percent of KAR’s revenue last year.
The decision came after a five-hour meeting attended by hundreds of people at the Palladium concert hall, including almost 200 attendees who spoke in favor and against the project.
Indianapolis-based Emmis Communications Corp. said it will use proceeds from the sales to pay down debt.
One day after shutting down his upscale southern European eatery in the Mass Ave district, local restaurateur and chef Neal Brown disclosed he was moving on to an even bigger project in partnership with former Angie’s List CEO Bill Oesterle.
The group has been putting on plays at a space in Carmel’s Clay Terrace shopping center for more than eight years, thanks in large part to the largesse of the landlord. Now it needs to find a new home.
The city’s Metropolitan Development Commission on Wednesday approved a personal property tax abatement to support CaptiveAire Systems Inc.’s expansion plan.
The project is too big and too important in its potential size, location and services for the public to be in the dark about exactly what will be located on the site—especially as local officials prepare to start debating zoning changes that could make it possible.
The company said demand for medium- and heavy-duty trucks in China increased 40 percent in 2017, in part because government enforcement of vehicle-overloading regulations accelerated truck replacements.
The Ports of Indiana says it handled 11.8 million tons of cargo in 2017, the second-highest annual shipment total in its 57-year history.
The Lafayette facility—along with factories in Durham, North Carolina, and France—produces the LEAP, a brand-new engine that GE says has the distinction of being the fastest-selling jet engine in commercial aviation history.
James Johnson will take over the largest arts-related employer in Indiana, where he’ll oversee 55 administrative staff members, 74 full-time musicians and a $26 million operating budget.
It was the busiest January for builders since 2007, according to figures reported Monday by the Builders Association of Greater Indianapolis.
Judge Jane Magnus-Stinson found that former employee Kristine Esser Slentz "failed to demonstrate that the alleged harassment was severe or pervasive enough to rise to the level of a hostile work environment.”
The Hamilton Restaurant, which husband-and-wife-team Clyde Worley and Vanita Clements opened in 2002, will stop serving by the end of the month.
One of Circle Centre’s original tenants is preparing to close, more than 22 years after entering the Indianapolis market with the downtown store.
Gen Con officials have signed a contract to hold their event at the Indiana Convention Center and Lucas Oil Stadium through 2022. (IBJ file photo) Last year, the Gen Con annual gaming convention sold out of entry badges before the show started for the first time in its 50-year history. Many thought that was in […]
Nimesh Patel, who admitted to participating in a bribery and kickback scheme involving a local tech firm and a national not-for-profit, has been sentenced to a term in federal prison.
The owner of Circle Centre has sued the franchisee at least twice before. The sweet pastry purveyor then signed a 10-year lease extension in 2016.
Gener8tor, which takes ownership stakes in startups in return for providing intensive guidance, will launch a free program in Indianapolis this spring that will provide coaching for seven weeks to five promising Hoosier companies.
The luxury units would accompany 120,000 square feet of retail and two hotels slated to be built on 17 acres in The Yard along 116th Street east of Interstate 69.
