Calumet Specialty bounces back with profitable quarter
Calumet Specialty Products Partners LP rebounded from a money-losing first quarter in 2014 with a profitable one this year, the company reported Wednesday.
IBJ Staff
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Sales down, profit up for Remy International
Pendleton-based manufacturer Remy International Inc. saw sales slip in its latest quarter, but profit more than tripled from the year-ago period.
3 Marion County districts OK funding boosts; Brownsburg voters say ‘no’
Wayne Township, Perry Township and Beech Grove schools all passed referendums, but voters in Brownsburg rejected two proposals.
City receives ‘overwhelming’ response to preschool program
More than 5,000 applications have poured in for the new Indianapolis Preschool Scholarship Program, which has funding for only about 1,300 students, the city announced Wednesday morning.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Local environmental firm planning expansion
Locally based Environmental Forensic Investigations Inc. plans to move into a larger headquarters near downtown, doubling its employment to 84 over the next five years.
Longtime business leader Shaheen gives $5M to UIndy
Yvonne Shaheen has donated $5 million to the University of Indianapolis College of Arts & Sciences, university President Robert Manuel announced during commencement Saturday.
Indy opts not to bid on college football championship
Indianapolis leaders have decided that they won’t try to land the College Football Championship Game, despite the hundreds of millions of dollars in potential economic impact for the city.
Legislative roundup: Which bills passed, and which died?
Lawmakers passed bills on topics ranging from ethics reform to "religious freedom." Meanwhile, they shot down legislation that would have helped the Indy Eleven build or renovate a stadium and that would have permitted Sunday alcohol sales.
NFP of NOTE: Actors Theatre of Indiana Inc.
Actors Theatre of Indiana celebrates the power of theater and contributes to life in central Indiana by offering quality professional theater performances and programs that engage, inspire, educate and entertain.
IBJ wins general excellence award, collects other honors
IBJ won the national general excellence award for weeklies from the Society of American Business Editors and Writers late last month, beating out fellow finalists Advertising Age and the Portland Business Journal.
EDITORIAL: Let citizens opine on TIF spending
The city of Indianapolis needs to craft a thoughtful strategy for how to spend millions of dollars in anticipated surplus downtown TIF funds over the next three years, and that strategy should include input from stakeholders outside the mayor’s circle.
Kite reports higher profit, revenue on larger portfolio
The Indianapolis-based real estate company earned first-quarter profit of $5.1 million and revenue of $86.8 million, which more than doubled from the same period last year.
Sarah Fisher planning karting facility in Speedway
The 60,000-square-foot Speedway Indoor Karting center is scheduled to open in April 2016, one month before the 100th running of the Indianapolis 500.
Ex-Colt Saturday wins ‘jock tax’ case
Jeff Saturday was one of two NFL players who won refunds Thursday from the Ohio Supreme Court after challenging the way in which Cleveland taxes football income.
CNO Financial reports profitable first quarter
CNO Financial Group Inc. saw a decline in revenue, but rebounded from a year-ago loss in the first quarter.
Duke Realty posts higher quarterly profit, revenue
The Indianapolis-based real estate developer reported strong earnings on higher occupancy and growth in rents.
Indy Eleven stadium bill dies as session nears close
A bill that would have funneled state money into a new or substantially renovated soccer stadium for the Indy Eleven has died in the legislative session's final hours.
Three brothers plead guilty to massive biofuels scam
Chad and Craig Ducey of Fishers and Chris Ducey of North Webster have pleaded guilty to participating in a biofuels scam that federal investigators are calling “one of the largest tax and securities fraud schemes in Indiana history.”