Indiana unemployment rate drops to 5 percent
Indiana’s unemployment rate was 5.2 percent in April and 4.8 percent one year ago.
IBJ Staff
Articles
Hot streak for Indy-area home builders extends into May
The last time area home builders filed more permits for May was in 2007, when they turned in 779.
Tech firm that’s moving HQ to Carmel misses quarterly expectations
Determine Inc., which plans to move its headquarters from Silicon Valley to Carmel, released quarterly financial results Thursday afternoon that fell short of analyst expectations.
Indiana manufacturer to close, cut 270 workers
Evergreen Recreational Vehicles LLC is the third major employer in Elkhart County to announce mass layoffs in the past month.
Hamilton confirmed to run for Hale’s House seat
Longtime recycling and environmental advocate Carey Hamilton has been chosen as the Democratic candidate to replace Christina Hale as a state representative in the Indiana Statehouse.
Longtime nightclub known for drag shows closing
Talbott Street Nightclub, which opened in 2002 on the city’s near-north side, announced it will quit serving patrons June 25.
Indianapolis game publisher acquired by Oakland company
Under the agreement, Indianapolis-based Action Phase Games will become a regional office for Indie Boards and Cards.
Ontario Systems acquires Washington-based software firm
One of Indiana’s oldest software firms has acquired a Vancouver, Washington, company that specializes in making software for state and municipal governments.
Ohio retail owner denies merger discussions with Kite Realty
Shares in WP Glimcher Inc. fell nearly 7 percent Monday after the Columbus-based retail landlord refuted reports it was involved in merger negotiations with Indianapolis-based Kite Realty Group Trust.
Purdue, Browning partnering on $1.2 billion project
The area, called the Purdue Innovation District, will be developed by the Purdue Research Foundation and Indianapolis-based Browning Investments. Plans call for up to 7 million square feet of new developments.
Tech firm moving HQ from Silicon Valley to Carmel
A publicly traded Silicon Valley-based technology company is moving its headquarters to Carmel, where it plans to add 24 “high-wage” employees by the end of 2019, state and local officials announced Monday afternoon.
ITT Educational terminates chief legal officer
ITT Educational Services, the embattled Carmel-based operator of for-profit colleges, has fired its chief administrative and legal officer after less than two years on the job.
IBJ wins six national awards for business coverage
The annual AABP Editorial Excellence competition recognizes print and online writing, photography and design by regional business publications. IBJ competes against business journals from Los Angeles, New York, Chicago and other major cities.
IU lands $1.3M grant for Ebola virus training
The Indiana University School of Public Health in Bloomington has been awarded a $1.3 million grant to train workers who might be exposed to the Ebola virus and other serious infectious diseases. The grant, from the National Institute of Environmental Health Sciences, aims to lessen exposure for workers responding to Ebola virus disease and other serious infectious […]
Mainstreet affiliate completes $95M offering
Mainstreet Health Investments, controlled by Carmel-based real estate developer Mainstreet Property Group, has completed the sale of 9.5 million common shares and will use the $95 million in proceeds to acquire 13 senior housing and care properties in Indiana, Pennsylvania, New York and Kansas. The company said June 2 that any remaining net proceeds will […]
Don’t lower scholarship hurdles
New requirements for the 21st Century Scholars program are common-sense measures that should help students choose the best college, select an appropriate major, and graduate with as little debt as possible.
Report of Kite-WP Glimcher merger takes analysts by surprise
At least one industry analyst that follows Indianapolis-based Kite Realty said a union between the two companies wouldn’t make sense, given that most of Kite’s properties are strip centers and WP Glimcher’s are shopping malls.
Wenck leaving Nuvo for position at trade association CEDIA
Ed Wenck is stepping down as managing editor of Nuvo after nearly three years at the Indianapolis alternative newspaper, he announced Tuesday in a Facebook post.
ITT shares sink after feds order educator to bolster finances
The Department of Education on Monday sent a letter to CEO Kevin Modany, asking the school to show that it has more than $123.6 million available to refund students in the event ITT shuts down unexpectedly.