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.
IBJ Staff
Articles
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.
Digital marketing startup Torchlite plans to add 140 workers
The Indianapolis-based firm, which connects client companies to freelancers, inked an incentive deal with the Indiana Economic Development Corp. that will provide up to $2.8 million in tax credits.
Hurco turns quarterly profit on higher revenue
The Indianapolis-based manufacturer received a $4.5 million bump in sales from the businesses of Milltronics Manufacturing and Takumi Machinery Co., which Hurco acquired in July 2015.
Former Whitestown-based builders charged with $1.2M fraud
Police say Gary Ogle, 69, and Robert Fersch, 68, defrauded customers and subcontractors in Hendricks, Marion, Boone and Hamilton counties of $1.2 million.
Records listings for June 27-July 3, 2016
Here are the records listings for June 27-July 3, 2016.
Proxy Corner
Angie’s List Inc., 1030 E. Washington St., Indianapolis, operates a consumer website that reviews and rates local professionals for home, health care and automotive services. In the first quarter of 2016, the company lost $4.0 million, or 7 cents per share, on revenue of $83.9 million. In the same period a year earlier, the company […]
Boozing while biking
Fishers has its first adult brews pedal bike. The Pint Cycle is a 16-person bike similar to The Handlebar Pedal Pub and Pickle Peddler in Indianapolis, where riders pedal to different local establishments and drink along the way. Chris Hutchinson, founder of niche consulting company The CoLab Group, started the business with his wife. The […]
Construction begins on interstate exit
The Indiana Department of Transportation will start work on the Whitestown Parkway exit on Interstate 65 in Boone County this month. The $1.6 million improvement project will add a lane for drivers entering or exiting the highway at Exit 130. Whitestown is covering 25 percent of the cost, and INDOT is providing 75 percent of […]
Carmel, Fishers among richest Midwestern cities
(IBJ file photo) Two Hamilton County communities ranked in the top five wealthiest cities in the Midwest in a new report from personal finance website NerdWallet. Carmel is listed as the second-wealthiest city and Fishers is ranked fifth among municipalities with a population of at least 65,000. Nationally, Carmel ranked 22nd and Fishers is listed […]
Two Statehouse veterans join Krieg DeVault
Krieg DeVault said it has bolstered its governmental affairs practice group by bringing aboard Michael Leppert and Mathew Norris, both previously with Taft Stettinius & Hollister. Leppert will serve as the firm’s director of public affairs, while Norris will be of counsel. Leppert has 26 years of public affairs experience, including 14 in the private […]
UPDATE: City’s second-largest hotel to be sold for $165M
White Lodging Services Corp. and REI Investments have a contract to acquire the 622-room Indianapolis Marriott Downtown hotel, the owner said Thursday.
EDITORIAL: Race officials can’t let up
It’s important to many inside and outside of racing, and to the Indianapolis economy, that the team in charge not let up in seeking the broad audience the Indianapolis 500 deserves.
Judge declines to dismiss $6.5M Andy Mohr jury award
Volvo Trucks North America had requested that the verdict be thrown out, arguing that “no reasonable jury could award damages” based on the evidence presented at trial.
Refrigerated-warehousing firm plans $13.6M expansion, 65 new jobs
Merchandise Warehouse said it will build a 90,000-square-foot, 50-foot-tall addition to its food-grade facility at 1414 S. West St.—a move that will boost its capacity by 25 percent.
Local tax-appeal software firm acquired by San Diego company
AppealTrack, a six-year-old Indianapolis-based firm, has been acquired by San Diego-based software developer Tax Compliance Inc., the companies announced Wednesday.
Pittman Partners drops plans to develop $90M Zionsville project
The decision by Pittman Partners principal Steve Pittman is the latest sign of strife among siblings of Dr. John Pittman, a Carmel developer who died in 2014. Another sibling, Mark Pittman, now is leading efforts to line up an alternative developer.
Republic Airways lands key deal with United Airlines
The agreement is the second with a major air carrier that could help the Indy-based company emerge from bankruptcy.