Emmis revenue falls, but profit rises on sale of Texas Monthly
Emmis Communications Corp. on Thursday announced quarterly results that “disappointed” CEO Jeff Smulyan.
IBJ Staff
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Indy airport to offer seasonal nonstop flights to San Diego
The Indianapolis Airport Authority said more news about nonstop flights to the western United States “could be just days away.”
Popular Chicago-area chain Portillo’s plans Fishers location
The chain, known for its Italian beef sandwiches and Chicago-style hot dogs, has begun recruiting managers for a Fishers location that it says will open this year.
Local Macy’s, Sears stores escape new round of closures
Macy’s on Wednesday announced plans to close 68 of its department stores and eliminate 10,000 jobs. Sears Holdings, meanwhile, is closing 108 Kmart stores and 42 Sears department stores.
Pence extends minimum energy standards for buildings
The outgoing governor was set to let the rules expire on Jan. 1. A Department of Homeland Security spokesman says new outdoor stage rules are also in the works.
Allegion acquires Tennessee-based Republic Doors & Frames
Republic, which makes hollow metal doors and frames, had sales of $20 million in 2015.
Longtime Indiana Avenue bar, restaurant closing
Bourbon Street Distillery at 361 Indiana Ave. will serve its last customers on Friday, after 15 years in business.
Ex-state commerce secretary takes job with Bose McKinney
Outgoing Gov. Mike Pence appointed Victor Smith to serve as the state’s secretary of commerce in January 2013.
Sports apparel maker planning to add 192 workers at local plant
BSN Sports LLC plans to spend $2.4 million to improve its sportswear production facility on the city’s northwest side.
RV maker to add 425 jobs in LaGrange County
Forest River Manufacturing is purchasing four buildings in LaGrange, with the first in operations this month.
WTHR reporter says he’s leaving journalism
Jeremy Brilliant came to the station a decade ago.
PROXY CORNER: Horizon Bancorp
Horizon Bancorp, 515 Franklin Square, Michigan City, Indiana 46360, operates 58 offices in Michigan and Indiana, including locations in Bargersville, Carmel, Franklin, Greenwood and Indianapolis.
Long-discussed Penrose on Mass project clears major hurdle
The development partnership for the project has acquired a half-block site and will begin demolition of a former fire station and headquarters in early January.
Pallet supplier plans 165 layoffs in Indianapolis
A company that supplies pallets to other businesses plans to terminate 165 fulltime workers at its southwest-side Indianapolis plant in late February, but there’s a chance that many of those employees will land work at the same facility.
Existing-home sales erupt in central Indiana
Existing-home sales in central Indiana soared 21 percent in November despite rising prices and a continuing decline in housing inventory.
EDITORIAL: Hudnut’s legacy: vision and risk
Hudnut was more than the city’s cheerleader-in-chief in his 16 years on the 25th floor of the City-County Building. He was a visionary who saw great promise in a city whose best years could easily have been behind it.
2016 TOP STORIES: Other business stories of note from past year
Emmis CEO Jeff Smulyan tried to take his company private but fell short again, among other stories.
Records for Dec. 26, 2016-Jan. 1, 2017
Here are the records listings for Dec. 26, 2016-Jan. 1, 2017.
City approves tax break for Cummins’ downtown office project
The Columbus-based engine maker will receive a 10-year personal property tax abatement on IT equipment for its new nine-story building, where it plans to employ about 250 workers by next month.