EDITORIAL: Poverty report is wake-up call
Putting a dent in poverty is hard, unglamorous work. It will take a concerted push lasting years and involving stakeholders in business, education, government and the not-for-profit community.
IBJ Staff
Articles
Wealth management group jumps to David A. Noyes & Co.
Indianapolis-based Cooke Financial Group LLC, which oversees $1.7 billion in assets, is moving its 11-person team from Wells Fargo Advisors LLC to David A. Noyes & Co. The deal, which closed Nov. 18, gives a big boost to Noyes, which was founded in Chicago in 1908 and has had an Indianapolis office for 80 years. […]
Lilly’s Alzheimer’s disease drug fails in final-stage trial
The Indianapolis drugmaker’s shares tumbled 14 percent in premarket trading after the company announced solanezumab failed to slow the progression of the neurodegenerative disease.
Central Indiana existing-home sales on the rise
Existing-home sales in central Indiana rose 3.6 percent in October amid rising prices and a continuing decline in housing inventory.
International Center promotes vice president to top job
The International Center has looked within to find its first new leader in more than a decade.
Holcomb taps former Daniels adviser Goode as chief of staff
Indiana Gov.-elect Eric Holcomb said Earl Goode’s “perspective on past accomplishments will inform us as we move into the future.”
Bank dealmaker Reed retiring, moving west
Investment banker John Reed had the foresight to move from the East Coast to Indiana just as a change in state law unleashed a tidal wave of bank mergers. He and his wife are retiring to Colorado to be closer to family.
Star employees stage short walkout to protest Gannett decisions
The Indianapolis NewsGuild, which represents newsroom and custodial employees at The Star, said Gannett management is threatening to eliminate five journalists if the guild does not go along with the company’s recent decision to outsource The Star’s copy editors.
Indiana unemployment rate ticks down to 4.4 percent
The state’s seasonally-adjusted unemployment rate dipped one-tenth of a percentage point in October as private-sector employment grew by 3,400 jobs, the Indiana Department of Workforce Development said Friday.
Medical-equipment repair firm investing $1M, adding up to 31 jobs
Cryogenic Solutions Inc. is consolidating a recently acquired New York company into Indianapolis and doubling space at its S. Lynhurst Drive headquarters to accommodate it.
HomeAdvisor plans to add second Indy office, create 170 more jobs
The fierce rival to Angie's List has hired more than 70 workers since opening its Indianapolis office early this year. It will expand that office—at 1 Virginia Ave.—and open a second one at 342 Massachusetts Ave.
Local builders still seeing rising demand for new homes
Area home builders saw surging demand for new homes for the 11th month in a row in October, the Builders Association of Greater Indianapolis reported Wednesday.
Finish Line expecting $44M charge related to JackRabbit decision
The Finish Line Inc. on Tuesday confirmed a two-week-old report that it was looking to rid itself of its underperforming JackRabbit chain of specialty running-shoe stores.
Cook Group plans $16.5M local expansion, 82 jobs
The company said the expansion would help it retain 68 employees in Marion County who make an average of $28.85 per hour and hire 82 making similar wages over the next five years.
Park Tudor avoids felony prosecution in Kyle Cox probe
An agreement with federal prosecutors revealed Tuesday spares the private, north-side school from prosecution for failing late last year to accurately and promptly report an inappropriate relationship between the school’s former basketball coach and a 15-year-old female student.
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.
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.