Allison Transmission CEO to retire in 2018
The Allison board plans to consider internal and external candidates to replace Lawrence Dewey, 60, who has served as Allison’s top executive since 2007.
IBJ Staff
Articles
Troy Riggs stepping down as IMPD chief
Mayor Joe Hogsett said Riggs is leaving "to pursue other opportunities." But the mayor, who praised Riggs for bringing "innovative ideas" to the job, did not provide details.
Finish Line shares tumble on weak sales, steep loss
The company projected that Finish Line stores would see a 3 percent to 5 percent decline in same-store sales in the quarter that ends in late February, in part because many consumers will see a delay in receiving their tax refunds.
Diabetic shoe maker strides to Zionsville, plans 25 jobs
Healer Health makes shoes under the brand name I-Runner. It’s moving its operations from Kentucky to Zionsville next month.
Indiana’s unemployment rate falls to lowest mark since 2001
Private-sector employment in the state grew by 13,300 jobs during the month, the state said, and is up by 36,500 this year.
Indianapolis Airport Authority selects new attorney
Brian Tuohy will be the authority’s new independent board counsel, replacing Rex Joseph, who served in the role for 29 years.
PROXY CORNER: Kimball International Inc.
Jasper-based Kimball International Inc. makes furnishings under the brands National Office Furniture, Kimball Office and Kimball Hospitality.
Holiday Wish List
Here is a list of Indianapolis-area not-for-profit organizations and the things each needs most. This is an opportunity for businesses and individuals to make tax-deductible gifts in the spirit of the season. Anyone who wishes to make a contribution should contact the organization directly.
EDITORIAL: Tackling addiction, mental illness
They are sobering statistics: 85 percent of about 2,500 inmates in Marion County’s jails have substance abuse problems and up to 40 percent are classified as mentally ill. More than 700 prescriptions are distributed to mentally ill inmates every day—that’s right, every day—at a cost of $650,000 per year. And the county spends more than […]
Local Realtors’ group getting first new leader since 1990
The MIBOR Realtor Association on Thursday announced that Shelley Specchio will become CEO on Feb. 1, succeeding the retiring Steve Sullivan.
Local builders see big surge in demand for new homes
Permit filings through November have already exceeded the number filed in all of 2015 and surpass the total of any single year since 2007.
Historic Martinsville buildings part of $8.4M senior-housing project
A redevelopment of the three buildings, led by Flaherty & Collins, will make way for 38 apartment units for residents 55 and older. The project pays homage to Martinville’s history as a mineral-springs hotbed.
Software firm BidPal raises $6 million in new financing
BidPal said it plans to use the funds to “significantly accelerate product development” and “expand marketing and sales efforts.”
Scotty’s Brewhouse founder completes sale of 17-restaurant chain
A Scottsdale, Arizona-based company announced Friday that it has closed on its acquisition of Indianapolis-based restaurant chain Scotty’s Brewhouse. IBJ first reported the deal in October.
Lilly partners with AstraZeneca on another Alzheimer’s treatment
The Indianapolis-based company, which last month struck out in a late-stage clinical trial for a potential Alzheimer’s drug called solanezumab, announced Friday a collaboration with AstraZeneca to develop another possible treatment for the mind-robbing disease.
IMA plans to restore damaged ‘LOVE’ sculpture, move it inside
The move means people must pay museum entry fees to see the iconic sculpture, which was artist Robert Indiana’s first in a series of “LOVE” works.
Holiday Wish List
Wish List is an opportunity for businesses and individuals to make tax-deductible gifts in the spirit of the season. Anyone who wishes to make a contribution should contact the organization directly.
TIF strategy shows savvy
Under Joe Hogsett’s new approach for neighborhood projects, the developer backs the bonds and is on the hook if revenue isn’t enough to cover bond payments. We think the mayor is on the right track.