Westfield metal-products manufacturer sold to New York firm
Metal Powder Products, a Westfield-based manufacturer, has been acquired by New York-based private equity firm Millstein & Co., the companies announced Monday.
IBJ Staff
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CEO survey ranks Indiana in nation’s top 5 for business climate
Among 12 Midwestern states, Indiana ranked No. 2 in both workforce quality and living environment, and No. 3 in taxation and regulations—good for a No. 1 ranking overall in the region.
Salesforce to invest $40M in Indy expansion, reap $17.2M in state incentives
The tech giant will establish its regional headquarters in the Chase Tower, to be renamed Salesforce Tower Indianapolis. Employees will start moving into the refurbished space in 2017.
Proxy Corner
Noble Roman’s Inc. sells and services franchises and licenses for non-traditional foodservice operations and stand-alone take-n-bake locations under the trade names “Noble Roman’s Pizza,” “Noble Roman’s Take-N-Bake” and “Tuscano’s Italian Style Subs.”
2 tech firms plan Hamilton County expansions
Two technology-related companies will spend a total of $3.5 million to expand their Hamilton County operations and create about 125 jobs over the next four years, state officials said May 3. DuraMark Technologies Inc., a digital printer of safety labels and branding decals, plans to spend $3 million to construct a 17,500-square-foot headquarters at 6450 […]
Hall Render expands—again
Indianapolis-based Hall Render, one of the nation’s largest law firms specializing in health care, has expanded into the Southeast with an office in Raleigh, North Carolina. The move puts the firm in the home of Research Triangle Park, one of the nation’s largest research and technology clusters, anchored by three universities. It also marks Hall […]
Longtime CFO DeVeydt announces resignation from Anthem
During his tenure, Wayne DeVeydt helped Anthem navigate through the recession, make the transition into Obamacare and negotiate its planned $54 billion acquisition of rival Cigna Corp.
Two tech companies plan to expand in HamCo, create 125 jobs
DuraMark Technologies plans to spend $3 million to construct a new 17,500-square-foot headquarters in Westfield, while Lumavate will invest $451,000 to grow its Carmel office space over five years.
Longtime Huntington exec Newbold plans retirement
Mike Newbold, regional president for Huntington National Bank in the central Indiana market since 2006, plans to retire this summer, Huntington Bancshares Inc. announced Tuesday morning.
Blogger Gary Welsh dies in apparent suicide
Welsh, 53, was found lying in a stairwell of the Lockerbie Glove Factory Lofts on Sunday morning with a gun next to him.
UPDATE: Polls disagree on whether Cruz, Trump ahead in Indiana
A poll by the Mike Downs Center for Indiana Politics at IPFW showed Sen. Ted Cruz at nearly 45 percent, compared with Donald Trump’s 29 percent. But an NBC/Wall Street Journal/Marist poll shows Trump leading by 15 percentage points.
Shrinking enrollment hurts ITT Educational results
Carmel-based ITT Educational Services Inc. on Friday reported a smaller quarterly profit and shrinking revenue amid dwindling student enrollment at its ITT Technical Institute campuses.
Kite Realty first-quarter results top analyst forecasts
Indianapolis-based Kite Realty Group Trust on Thursday reported funds from operations and revenue that beat the predictions of analysts.
EDITORIAL: Ellspermann right for Ivy Tech task
The former lieutenant governor comes to the job not only with state government experience (she served as a lawmaker, too) but plenty of educational and private-sector chops as well.
EDITORIAL: Mass Ave project needs city in charge
Though the site is the school district’s to sell to whomever it pleases, it seemed odd from the beginning that the city had no formal role in vetting the development proposals.
Lizton Financial to acquire Indiana Business Bancorp
Indiana Business Bancorp, a community bank with a single branch on the north side of Indianapolis, has agreed to a $12.5 million merger with Lizton Financial Corp., a Hendricks County-based bank with 11 branches in central Indiana.
Council committee advances mass transit funding plan
A proposal that would let Marion County residents vote for an income-tax increase to help fund expanded mass transit passed a City County Council committee Tuesday night.
Simon raises outlook on strong first-quarter earnings
The nation’s largest mall owner said funds from operations, a key measure of profitability, increased 15.4 percent in the first quarter while tenant rents grew.
Indianapolis library board approves Beech Grove merger
The Indianapolis Public Library Board of Trustees gave the merger final approval on Monday night. It also approved four “naming” donations worth $250,000.