Indian engineering firm plans to open 500-worker North American HQ in state
Axiscades, which provides product engineering to firms in a variety of industries, plans to decide by the end of the year where in Indiana it will put the operation.
IBJ Staff
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IU experts expect Indiana’s economy to outpace nation’s in 2018
In their annual Business Outlook forecast, Indiana University Kelley School of Business economists say employment gains will fuel economic growth in 2018.
Downtown’s Cadillac Ranch restaurant and bar closes
Owner Granite City announced the closure Wednesday, along with three Granite City restaurants in two Midwestern states. Adjoining lounge Bartini’s also closed.
Allison Transmission raises forecast after solid quarterly report
Allison Transmission Holdings Inc. raised its full-year sales projections after reporting better-than-expected revenue and earnings in the third quarter.
KAR tops quarterly expectations with rising revenue, earnings
The Carmel-based vehicle reseller increased its full-year earnings forecast after seeing a 15 percent increase in third-quarter profit.
Plus-size retailer spending $2.8M to open Greenwood center, create 872 jobs
Dia&Co says it will employ 500 workers in the next four years at the distribution hub. An additional 372 employees could be hired at a planned customer service center, according to an agreement with the state.
Former heavy-hitter stockbroker Buck charged with fraud
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is now facing serious prison time, according to federal officials.
Celadon gets six-month extension from NYSE to avoid delisting
The extension gives Celadon until May 2 to file several delinquent quarterly and annual financial reports with the Securities and Exchange Commission.
Crackers comedy club in Broad Ripple closes doors
The club, which opened in 1982, no longer is hosting comedy acts, although the downtown location remains open.
Tens of thousands of visitors expected for Chinese Lantern Festival
The Indiana State Fairgrounds & Event Center is set to host a six-week festival that has attracted as many as 100,000 visitors in other markets.
Simon tops quarterly expectations, raises full-year guidance
Shares in the Indianapolis-based shopping mall owner slid Friday morning despite a mostly positive quarterly financial report. A negative quarterly report from J.C. Penney was the likely factor.
Zionsville, Plainfield still at bat in Little League HQ pursuit
Zionsville and Plainfield are still in contention to land Little League International’s Central Region headquarters, but Westfield has apparently struck out.
Kite Realty sees quarterly decline in revenue, earnings
The Indianapolis-based real estate investment trust met expectations of analysts with its third-quarter performance.
EDITORIAL: City should prepare for what could be dicey Pacers negotiation
Pacers officials already want to start negotiating the next deal. That won’t be cheap. Owner Herb Simon says he’s looking for a “major redo” of Bankers Life Fieldhouse.
Counties populated with Democrats losing population
High housing costs in blue counties is the biggest factor contributing to the population loss, Redfin said.
Equicor developing Reagan Park extension
Equicor Real Estate LLC’s plans call for 165 single-family homes to be constructed by CalAtlantic Homes of Indiana, as well as 98 senior apartments and 40 assisted-living units.
Residential Real Estate: Marketplace for October 30, 2017
The housing market remains strong—and sales could surpass last year’s record—despite the low inventory of homes for sale, says F.C. Tucker President Jim Litten.
Central Indiana homes sales tick up amid tight inventories
The total number of active central Indiana home listings dropped 12.9 percent, from 11,013 a year ago to 9,589 at the end of last month.
Formstack acquires Fast Forms business from Toronto firm
The acquisition provides Formstack the rights to the Fast Forms software application, one of the more popular apps on the Salesforce AppExchange.
Muncie bank buying smaller competitor for $66M
Muncie-based MutualFirst Financial’s purchase will give it additional locations in the Indianapolis market, where it currently has only one office.