CSX shutting down Avon locomotive maintenance facility
CSX said the closure is part of a companywide effort to cut costs amid a huge decline in coal-carrying revenue.
IBJ Staff
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Local projects receive preservation awards from Indiana Landmarks
Not-for-profit historic preservation group Indiana Landmarks on Thursday presented several awards to recognize outstanding restoration projects in central Indiana.
Hurco reports profitable quarter on higher revenue
Hurco said the overall rise in sales was “primarily attributable to an increased sales volume of vertical milling machines from all product lines.”
PROXY CORNER: Emmis Communications Corp.
Indianapolis-based Emmis Communications Corp. is a media company that owns 16 FM and three AM radio stations, as well as Indianapolis Monthly magazine.
EDITORIAL: Best innovation may be investment in people
Indiana should try to boost the state’s anemic population growth and fuel its economy by pulling out all the stops to attract talent, starting with luring Hoosier ex-pats back home.
Michigan company wraps up $211M Stonegate Mortgage acquisition
The sale marks the end of Stonegate’s stint as an Indianapolis-based public company. A number of Stonegate executives resigned from their positions just prior to the completion of the merger.
Developer plans $30M residential development in heart of Fishers
A planned residential real estate development project in the heart of Fishers has been expanded from eight to 60 single-family homes.
UPDATE: Noblesville says museum mishandled chemicals on park grounds
City officials said Wednesday that they have asked the Indiana Transportation Museum to clean up the contamination. An ITM official suggested the city’s move was motivated by a debate over the fate of the Nickel Plate Railroad.
Lawsuit targets local rent-to-own housing operator
An Indianapolis business that has purchased and rented out hundreds of houses in the city is being sued by a not-for-profit housing group and four former customers over what they are calling a “predatory and unlawful rent-to-own scheme.”
Indy-based restaurants to open new locations in Fashion Mall
The additions to the food court will include a concept from Cafe Patachou founder Martha Hoover.
Five ways IoT, innovation will change the way we stay secure
IBJ asked Allegion futurist Rob Martens to tell us how security technology will change our lives moving forward. His answers are as much about information and data as they are about physical barriers.
Tech consulting firm Galvin plans to add 37 jobs
The company, founded in 2004, focused on developing websites before remaking itself last year into a Salesforce integrator, helping clients improve sales, operations, customer service and marketing by using the San Francisco-based tech giant's platform.
Local insurance-services tech firm plans to add 185 employees
The company, which sells cloud-based software and services for tracking and managing certificates of insurance, has moved into a new headquarters at 445 N. Pennsylvania St.
Pat McAfee’s Barstool Heartland media firm taking downtown loft space
The 10,000-square-foot space on North Meridian will feature a multimedia television and radio studio, basketball court, golf simulator, entertainment area and private editing rooms.
Tech firm Infosys to establish $8.7M hub in OneAmerica Tower
As part of its previously announced plan to hire 2,000 workers in central Indiana by the end of 2021, Infosys said Tuesday that it is leasing 35,000 square feet of office space in downtown Indianapolis and expects to hire 500 workers by the end of next year.
Lilly Endowment assets ebb in 2016 as it grants $452.8M
After several years in which the value of its assets swelled, philanthropic giant Lilly Endowment Inc. watched its coffers shrink 12.7 percent in 2016 from about $11.8 billion to $10.3 billion.
Former IU Health CEO to join law firm’s consulting arm
Dan Evans, who for 13 years was president and CEO of Indiana University Health, has joined Faegre Baker Daniels Consulting as a senior director in its health and biosciences group.
Near-north-side restaurant closes after short run
Asian-inspired Long Branch opened in November in The Delaware retail-residential complex at the northeast corner of 22nd and Delaware streets.
Fast-casual eatery chain planning north-side location, six more in Indy
Founded in 2015, the New York-based chain featuring bowls of greens, grains and bone broths is in the midst of a major expansion calling for hundreds of locations.