Indy-based 3R acquired by Ohio home products firm
3R Products & Services LLC, which has 30 employees, joins a publicly traded behemoth with an aggressive strategy of growth by acquisition.
IBJ Staff
Articles
Carmel-based KAR Auction buys Michigan firm for $76M
The Flint business will become part of KAR’s Adesa unit, which offers wholesale used-vehicle auction services.
City-County Council approves regulations for pedal pubs
Pedal pubs will be licensed by the city and will have to carry liability insurance, among other requirements.
Study: Public investment in Indiana’s tech sector showing results
The study, funded by the Indiana Economic Development Corp., examined $30 million in state and federal funding awarded to 74 entities around the state from 2010 to 2014.
Westfield Steel to acquire Ohio-based Remington Steel
Westfield Steel says the acquisition will allow it to expand both its capabilities and its customer base.
J.C. Penney cuts sales forecast as turnaround bid stumbles
Shares of J.C. Penney slumped Friday after the department store chain with five local stores reported sluggish third-quarter sales, particularly in apparel, and cut its forecast for the remainder of the year.
Sixteen Indy-area Popeyes acquired by franchise group
Indiana-based Womack Restaurants began its association with the Atlanta-based chicken chain in 2014 and also has locations in Missouri, Kansas and Oklahoma.
EDITORIAL: Time to set aside the rancor
A democracy creates winners, but it’s up to those winners to govern wisely.
Oil executive Lucas on Trump’s short list for interior secretary
A southern Indiana native who founded California-based Lucas Oil Products Inc., the 74-year-old Forrest Lucas is known in his home state because of the 20-year naming rights deal for Lucas Oil Stadium.
Voters in two local districts approve funding measures
Voters in Washington Township in Marion County and in Westfield Washington Schools in Hamilton County on Tuesday approved referendums to increase school funding.
Carson one of two Democrats to win their congressional races
U.S. Rep. Andre Carson, D-Indianapolis, was one of just two Democrats from Indiana to win their congressional races Tuesday night, landing an easy victory in District 7.
HHGregg posts steep quarterly loss on falling sales
The Indianapolis-based appliance and electronics retailer suffered another money-losing quarter, though its strategy to focus more on appliances is making headway.
Steak n Shake rebounds to post small same-store sales increase
Sales at established Steak n Shake restaurants rose slightly in the latest quarter following disappointing results last period that snapped a streak of 29 consecutive quarterly increases dating to 2009.
Subaru supplier investing $111M, adding 114 jobs in Madison County
Japan-based ELSA Corp., which already employs 350 workers in Elwood, is adding production lines to make fuel tanks, exhaust systems, air cleaners and air ducts for Subaru.
Stonegate quarterly results improve as revenue surges
Stonegate Mortgage Corp. on Thursday reported a third-quarter profit of $15.6 million in the third quarter after revenue jumped 159 percent from a year ago.
Baldwin & Lyons reports quarterly profit on record premiums
The Carmel-based property and casualty insurance underwriter reported higher revenue but less profit in the latest period.
PROXY CORNER: Celadon Group Inc.
Indianapolis-based Celadon Group Inc. is one of North America’s largest trucking companies. It also offers related services, including warehousing, logistics and tractor leasing.
Airport Holiday Inn wins newcomer award
The Holiday Inn Indianapolis Airport in October received the InterContinental Hotels Group 2016 Newcomer Award as one of the best properties to join the IHG system within the last year as either a new development or a conversion property. The Holiday Inn Indianapolis Airport is one of 22 recognized for its overall quality from the […]