Investment firm owner sentenced to 5-plus years for fraud
John K. Marcum, 51, of Fishers, received a 66-month sentence and was ordered make restitution of $3.9 million to 17 victims, including several who lost their life savings.
IBJ Staff
Articles
Rolls-Royce to run new R&D facility at Purdue tech park
The global firm with extensive Indiana operations plans to occupy a 40,000-square-foot building to be constructed in the Purdue Research Park Aerospace District, a 980-acre technology park in West Lafayette.
Airport to auction 320 acres of land for development
The land, which the airport authority said it no longer needs for aviation uses, will be sold in tracts to enable the largest possible number of potential buyers to bid.
Robbins takes on additional title at Lilly Endowment
N. Clay Robbins, the president and CEO of the Lilly Endowment, has been given the additional title of chairman at the Indianapolis-based private charitable foundation.
Soapmaker Gilchrist & Soames scooped up by Sysco unit
The Indianapolis-based producer of high-end soaps, shampoos and conditioners for hotels and resorts will become part of Guest Supply but keep its local operations.
Subaru plans 1,200 jobs as part of $140M expansion
Subaru of Indiana Automotive plans to spend $140.2 million to expand its plant in Lafayette and add as many as 1,200 workers before the end of 2017, the company announced Monday morning.
Pence to announce new jobs at Subaru Indiana
Subaru has announced plans to produce a new SUV in Lafayette that will be exclusive to the North American market.
American Senior Communities fires chief executive
The dismissal of James Burkhart as head of the Indianapolis-based nursing home company comes three days after FBI agents raided his Carmel home.
Duke, consumer advocates reach Edwardsport deal
Duke Energy Corp. has reached a tentative settlement with a consumer advocacy agency and a group of industrial customers that will mitigate rate increases that have resulted from construction of a power plant in Edwardsport.
SmithAmundsen adds two big-name attorneys
Stephen Stitle, the former chairman for PNC Bank in Indiana, will serve as SmithAmundsen's Indiana managing partner. John Tanselle, one of the city's top banking lawyers, will be a partner in its financial services group.
PROXY CORNER: The Finish Line Inc.
Indianapolis-based Finish Line Inc. operates 1,020 locations primarily in U.S. malls and Macy’s department stores, and 76 running specialty stores.
Collection-agency exec Wolfe indicted on fraud charges
The indictment likely means prosecutors were unable to reach a plea agreement with Wolfe, who was preliminarily charged in late 2014.
Eiteljorg lands huge art donation from late NFL team owner
The gift from the Bud Adams estate includes significant paintings by noted artists including Frederic Remington, Charles Marion Russell, N. C. Wyeth and Thomas Moran.
Software consultant plans 80 jobs in downtown Indy
South Africa-based software quality-assurance firm iLab LLC plans to expand its North American headquarters in Indianapolis and add up to 100 workers statewide by the end of 2019, it announced Wednesday afternoon.
Area homebuilders see slight uptick in permit filings
Builders filed 456 single-family construction permits in the nine-county metropolitan area in August. That's a 2-percent increase from August 2014 and a 4-percent rise from the previous month.
FBI raids Carmel home of American Senior Communities CEO
The FBI conducted an investigation Tuesday morning at the Carmel home of James Burkhart, CEO of one of the state’s largest providers of nursing home care.
Hancock County man gets prison time for defrauding investors
A Hancock County man who defrauded 19 investors out of nearly $400,000 has been sentenced to 27 months in federal prison.
Area home deals droop as prices rise, selection slips
Home-sale agreements in central Indiana dropped for the fifth straight month in August, according to a report released Monday by real estate agency F.C. Tucker Co.
Calumet Specialty hires energy industry vet as CEO
Timothy Go was most recently vice president of operations at Wichita, Kansas-based Flint Hills Resources LP, a subsidiary of Koch Industries Inc.