Browning/Duke building huge Plainfield distribution facility
The speculative building totaling more than 930,000 square feet will be constructed at the developers’ AllPoints Midwest industrial park.
IBJ Staff
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Local CBS affiliate moving from WISH to WTTV
WISH-TV Channel 8 is losing its affiliation with CBS-TV after nearly six decades, CBS Corp. announced Monday morning.
EDITORIAL: Covanta deal raises red flags
It doesn’t take an expert in recycling technology to raise at least a few concerns with the city’s newly approved contract with New Jersey-based Covanta.
NFP of NOTE: RecycleForce
RecycleForce creates a stronger civil society and increases public safety through job creation and recycling.
Hospital services center to hire up to 320 workers
An affiliate of Lutheran Health Network in northeast Indiana that concentrates on health-related businesses services expects to nearly triple its workforce.
Baldwin & Lyons’ profit surges on big investment gains
Of the insurer’s $9.3 million in profit in the second quarter, only $4.1 million was attributed to its core operations.
Calumet Specialty takes loss after refinery slowdown
Calumet Specialty Products Partners LP suffered a bigger-than-expected second-quarter loss, partly due to a 30-day slowdown for maintenance at its refinery in Shreveport, Louisiana.
Celadon misses mark despite jump in revenue, profit
Celadon Group Inc. on Wednesday afternoon reported surging profit and revenue in its latest quarter, but its performance fell short of analyst expectations.
City OKs $10M in street upgrades for natatorium plan
The Indianapolis Metropolitan Development Commission on Wednesday approved $10 million in downtown tax-increment financing funds to pay for street improvements on the IUPUI campus. The contribution works in conjunction with IUPUI’s $20 million overhaul of the IU Natatorium.
City board approves recycling deal with Covanta
The Indianapolis Board of Public Works voted Wednesday to approve Covanta as the city’s main residential recycling provider for the next 14 years.
Amazon extends same-day delivery service to Indy
Beginning Wednesday, local customers who subscribe to Amazon’s Prime service can order items as late as noon and receive them by 9 p.m. the same day for a flat service charge.
KAR Auction Services makes $30M acquisition
Carmel-based KAR Auction Services Inc., which released a solid quarterly earnings report Tuesday, acquired a 50-percent stake in Toronto-based Nth Gen Software Inc., which makes the TradeRev automotive remarketing system.
Elwood Staffing to add 40 jobs at Columbus HQ
The company, which already employs 200 in Indiana and 1,000 across the country, will accommodate the expansion by buying and renovating a building across the street from its current headquarters.
Interactive Intelligence takes quarterly loss
Interactive was right on target with the preliminary earnings announcement it made July 16, when it predicted revenue between $86 million and $88 million and an operating loss between $11 million and $12 million.
Green BEAN Delivery plans $3.8M expansion
The fast-growing local company, which already employs more than 200, plans to add up to 105 workers by 2024.
PROXY CORNER: Duke Realty Corp.
Indianapolis-based Duke Realty Corp. is a real estate investment trust that offers leasing, property and asset management, development, construction, build-to-suit and other tenant services.
Acquisition costs contribute to Kite quarterly loss
The company’s loss of $5.1 million in the second quarter was mostly due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust early this month, the Indianapolis-based company said.