Food manufacturer plans $110M expansion of local plants
Chicago-based Ingredion, which makes starches, sweeteners, texturants and nutritionals, is seeking city tax incentives to help it pay for major investments in its south-side operations.
IBJ Staff
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Former Ovation CFO arrested on multiple theft charges
The former chief financial officer for Ovation Audio-Video Solutions LLC has been arrested and charged with more than 20 counts of theft for allegedly misappropriating about $600,000 in company funds for his own use.
Produce distributor Caito plans $14.7M expansion, 342 jobs
Caito Foods Service Inc. is seeking tax abatements from the city to help offset the cost of building and equipping a major new distribution facility on the city’s east side.
IBJ receives 7 awards in national journalism contest
The only newspapers to win more awards than IBJ were Crain’s Chicago Business, Crain’s New York Business and the Los Angeles Business Journal.
Citizens Energy seeks another rate hike for water customers
The utility, which provides water to about 400,000 homes and businesses in the eight-county Indianapolis area, said average residential bills would rise from $30 per month to $36 if it receives approval for the 20-percent hike.
PROXY CORNER: Remy International Inc.
Remy International Inc., 600 Corporation Drive, Pendleton 46064, manufactures starters, alternators and electric motors for vehicles.
Finish Line off to strong start in latest fiscal year
The Indianapolis-based retailer of athletic apparel posted earnings that exceeded analyst expectations, as profit and revenue both grew in the quarter ended May 30.
Huntington leaving IPL’s top job to join OneAmerica
Kelly Huntington, president and CEO of Indianapolis Power & Light Co., has stepped down to become senior vice president of enterprise strategy at OneAmerica Financial Partners Inc., the companies announced Thursday.
State looks within to fill securities commissioner post
Alex Glass will be sworn in as securities commissioner on July 1, replacing interim commissioner Brandon Clifton, who has been filling the role for the past month after the abrupt resignation of Carol Mihalik.
Residential Real Estate: Marketplace
Housing Sales May 1 – July 31 IBJ.COM EXTRA For a detailed table of recent housing sales activity, click here The Indianapolis-area housing market is marching in tune with the so-called Goldilocks economy—not too hot, not too cold, said F.C. Tucker Co. President Jim Litten. With 4.3 months of available inventory, it’s nearly a […]
Public safety director Riggs leaving for IUPUI position
Indianapolis Public Safety Director Troy Riggs is stepping down to become director of public safety outreach at the Indiana University Public Policy Institute at IUPUI, the university announced Wednesday.
Angie’s List lawsuit charges Amazon stole trade secrets
The federal lawsuit says Amazon took shortcuts in building a direct competitor to Angie's List by having employees sign up as members of the Indianapolis-based consumer reviews company and then illegally downloading lists of service providers and other information.
Long-time chairman of Lilly Endowment dies at age 86
Thomas Lofton, who died Friday, provided legal counsel to the Indianapolis foundation for decades before becoming its chairman in 1993.
EDITORIAL: Big Car’s plan for Garfield Park is inspiring
The organization's bold plan would turn several vacant homes into artist residences and transform two commercial buildings into exhibition spaces, a radio station and an artist-curated record store.
NFP of Note: Indy Pride Inc.
Indy Pride Inc fosters events that seek to educate, honor the history of and celebrate the diversity of the lesbian, gay, bisexual and transgender community, and creates unity in that community and with the straight community.
Indy-area home sales hit 4-percent skid in May
Home transactions in Hamilton County posted the biggest decline. But central Indiana sales for the first five months of the year are still up 9 percent from the same period last year.
WISH-TV plans another expansion of morning news
The latest move will mark the second time WISH has expanded its local news coverage this year. The station added local news in January to fill a programming void after it lost its 58-year-old affiliation with CBS-TV.
KAR launches global push by acquiring English company
Carmel-based KAR Auction Services Inc. announced Monday that it has acquired Canvey Island, England-based HBC Vehicle Services, marking its first foray into a market outside of North America.