Design for TWG’s $70M Park at Pulliam Square receives approval
City approval of the design paves the way for TWG Development LLC to begin construction this fall on the downtown project at 307 N. Pennsylvania St.
IBJ Staff
Articles
Dow Agro earnings slip on low crop commodity prices
Dow Chemical Co. saw profit surge in the second quarter. But revenue and earnings declined at Dow AgroSciences, the Indianapolis-based division that has about 1,500 area employees.
Allison Transmission profit rises on lower revenue
Allison Transmission posted revenue of $474.9 million in the period, down from $511 million last year.
Duke Realty meets analyst predictions with quarterly results
Duke Realty Corp. on Wednesday reported a smaller profit on slightly more revenue in the second quarter, along with key performance results that met analyst expectations.
Former BMO exec jumps to Salin
Frieburg Indianapolis-based Salin Bank and Trust Co. appointed John L. Frieburg III, the former Indianapolis market president for BMO Harris Bank, as its executive vice president and chief credit officer. The bank said Frieburg is responsible for all functions of its credit administration and loan compliance. Frieburg served as president of Harris Bank Huntley from […]
Financial veteran to lead Centra Credit Union
Columbus-based Centra Credit Union, one of the largest Indiana-based credit unions, announced in late June that it named Rick Silvers as CEO.
First Internet Bancorp builds war chest for growth
The bank said it plans to use the $23 million it raised to fund organic growth, possible acquisitions and other corporate purposes.
Marketing initiative Film Indy hires first commissioner
Teresa Sabatine’s role will be to position Indianapolis as a production-friendly city for TV commercials, TV shows, corporate training videos and movies.
Simon raises dividend, outlook on solid quarterly results
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
Swedish: Anthem’s commitment to Cigna deal ‘as strong as ever’
Analysts have speculated Anthem and Cigna would part ways in the wake of a lawsuit the Department of Justice’s Department’s antitrust division filed last week seeking to block the deal.
Lilly CEO Lechleiter to retire at end of year
John Lechleiter has been the company’s CEO since 2008. The announcement Wednesday morning of his retirement comes one day after the firm announced strong revenue and profit for its second quarter, indicating that Lechleiter’s initiatives have paid off.
Existing home sales, prices rise amid tightening inventory
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
Lilly beats analyst expectations, lays out bright outlook for rest of decade
CEO John Lechleiter said the company's strong R&D pipeline has put it on track to report average annual revenue growth of at least 5 percent through the remainder of the decade.
State announces record reserve fund, budget surplus
Indiana was able to achieve the surplus despite missing its forecast for revenue growth by $111.3 million.
Ex-Ovation CFO gets suspended sentence in $600,000 embezzlement scheme
Investigators said Alfred Talens used money from a wealth management client to pay living expenses, rather than to invest in the Indianapolis-based audio and video business.
Brainard decides against run for Congressional seat
Carmel Mayor Jim Brainard on Monday said he’d rather stay in his current job than run for the 5th Congressional District. The Republican ballot opened up earlier this month, and Brainard told IBJ he was considering it.
IU Health opens urgent care center in Plainfield
The health system has opened five urgent care facilities in the area since the beginning of last year.
Louisville fried chicken chain plans Indianapolis location
Joella’s Hot Chicken, a Louisville-based restaurant chain with four locations in Kentucky, is planning to open an Indianapolis eatery and bar in mid-September, it announced Monday.
State’s unemployment rate falls to 4.8 percent
The labor force and the number of employed people both hit all-time highs in Indiana in June.
PROXY CORNER: MainSource Financial Group Inc.
Greensburg-based MainSource Financial Group is the holding company for MainSource Bank, which has 91 offices in Indiana, Illinois, Kentucky and Ohio.