Celadon’s hiring of turnaround expert sends stock soaring
Investors and analysts are reacting positively to Celadon Group Inc.’s decision to bring in an outside executive with years of transportation industry experience to run the company.
IBJ Staff
Articles
Large, north-side apartment complex fetches $36 million
The community along North Keystone Avenue has been renamed and is undergoing more improvements from the new owner.
Celadon hires new CEO as Will announces departure
Struggling trucking firm Celadon Group Inc. is bringing in a new chief executive to replace Paul Will later this month, the Indianapolis-based company announced Thursday afternoon.
EDITORIAL: Kenley exit leaves legislative void
While saying “no” invariably creates enemies, it helped that his decisions were based on hard thought, not whims.
Emmis Communications takes quarterly loss as revenue declines
Revenue declines were expected because Emmis sold off four radio stations and most of its publishing assets over the past year.
Greenwood preparing to pay $1M for vacant strip center
City officials want to demolish an aging and vacant retail property adjacent to Greenwood Park Mall to possibly make way for a park, since the property now sits in a floodplain and likely cannot be redeveloped.
Home Health Depot acquired by Florida-based Lincare
Home Health Depot became one of the country’s fastest-growing medical companies under the leadership of former equipment sales rep David Hartley and ex-Indiana Commerce Secretary Nate Feltman.
Wine market, bar slated for Fountain Square space
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
Transportation museum escalates Nickel Plate Railroad fight
The Indiana Transportation Museum said it requested a federal temporary restraining order against the Hoosier Heritage Port Authority on Monday in an attempt to regain use of the Nickel Plate rail line in time for next month’s Indiana State Fair.<
Logistics company targets Lebanon for 1,160 jobs
One of the country’s fastest-growing transportation and logistics companies is making plans to open a massive distribution center northwest of Indianapolis.
More Sears, Kmart stores set for closure in Indiana
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.
Roundabout project unearths historic artifact
Cut line goes here xxxxxx. (Photo credit xxxx) A historic artifact likely dating to native American settlements in Hamilton County has been found at the site of a Carmel roundabout project, city officials said July 3. An employee of the city found the object—identified as a banner stone—on June 29 near the project site at […]
EDITORIAL: Time to revisit sales tax issue
The sales tax is a long-established way for state governments to pay for the services their constituents demand—and it’s ridiculous to allow some retailers to skip it.
Local environmental firm acquired by two private-equity firms
An Indianapolis-based environmental engineering firm that moved into a new downtown headquarters last year has been acquired by Chicago-based Woodlawn Partners LLC and Detroit-based Peninsula Capital Partners LLC.
Influential lawmaker Kenley retiring from Indiana Senate
As chairman of the Senate Appropriations Committee since 2009, Luke Kenley, 72, has been one of the state’s most powerful legislators and key budget writers.
Downtown Colts-themed restaurant abruptly closes
The eatery at 110 W. Washington St. opened in 2011 and was operated by a Florida-based food-service veteran.
EDITORIAL: School closings hurt neighborhoods
With the district projecting its high schools will be at only 37 percent capacity in the coming school year, it’s hard to argue IPS should keep all its schools open.