Local logistics business cutting 84 workers
MKM Distribution Services plans to cut 84 employees from its operations on the northwest side of Indianapolis, the company said in a notice to the state.
IBJ Staff
Articles
Angie’s List shares jump after quarterly report
Indianapolis-based Angie's List's stock rose nearly 10 percent in after-hours trading Wednesday after the online consumer-reviews service posted a smaller quarterly loss on higher revenue.
Craft beer chain to open $2.5M Broad Ripple location
Called HopCat, the bar will anchor the long-vacant corner space in the Broad Ripple parking garage on the southwest corner of College and Broad Ripple avenues.
Blockbuster deal: Eli Lilly paying $5.4B for Novartis Animal Health
Eli Lilly and Co. has agreed to pay $5.4 billion for Novartis Animal Health in the second-largest deal in the company's history. The acquisition is part of a blockbuster three-way drug deal.
Pork packer planning to produce 98 positions at Indiana plant
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
Fort Wayne ad agency hangs shingle in Indy
Fort Wayne-based advertising/PR firm Asher Agency has opened an Indianapolis office, at 255 N. Alabama St., in the Lockerbie Commons Firehouse.
Gov. Mike Pence tours Germany
Gov. Mike Pence seemed to be looking for ideas about education as much as economic development deals on his recent trip to Germany.
NFP of NOTE: Indiana Recycling Coalition
Indiana Recycling Coalition supports waste reduction, reuse, composting, and recycling activities in Indiana.
EDITORIAL: Fieldhouse lid cracking open
After years of insisting that it cannot make ends meet running Bankers Life Fieldhouse, and receiving millions of taxpayer dollars to ease the pain, Pacers Sports & Entertainment has agreed to open its books—somewhat—to city officials, and to the rest of us.
Indianapolis office market shows rise in occupancy
The improvement was sparked by growing occupancy in the suburban office market, where the vacancy rate fell from 20.3 percent to 18.2 percent.
Allison Transmission reports higher earnings, sales
Allison Transmission said the increase in sales was mostly driven by the continuing recovery in the North American motor vehicles market and increasing demand for service parts and support equipment.
City christens Market East cultural district downtown
The area—roughly 14 square blocks—anticipates a passel of new development on and around the former site of Market Square Arena.
Existing-home sales slide for seventh straight month
Home prices rose, however, as inventory dwindled. The average area home price in March was $161,191, an increase of 6.1 percent compared with the same month of 2013.
Florida rival scoops up another ex-BrightPoint executive
A competitor that once feuded in court with BrightPoint Inc. over the recruitment of executives has hired another top officer from the mobile-phone distribution and logistics company now known as Ingram Micro Mobility.
Area home- construction permit filings back on the rise
The central Indiana home-construction industry saw its second straight month of improving activity in March following a bitter winter that slowed business.
Cabinet maker plans to hire 262 workers
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
MEDIA & MARKETING
A magazine catering to the gay community will begin publishing in Indianapolis in June. Unite launched in Nashville, Tenn., in 2013, and plans launches in Bloomington and Evansville later this year, said Publisher Joey Amato. The magazine, which promises to incorporate “a variety of edgy lifestyle content” also publishes a bimonthly magazine known as Unite […]