Indiana’s jobless rate experiences another big drop
The state added 5,400 private-sector jobs February while the number of officially unemployed Hoosiers fell to fewer than 200,000 for the first time since August 2008, the state said.
IBJ Staff
Articles
Finish Line reports rising quarterly, annual earnings
A jump in same-store sales and improvements to the sports-apparel retailer’s website helped the company report a better-than-expected profit in its fiscal fourth quarter.
Façade grants available for urban businesses
The city of Indianapolis is stepping up its funding for a facade program that helps small business in distressed areas improve the exteriors of their buildings.
WFYI-FM completes ‘Morning Edition’ team
Don Hibschweiler joins Sharon Alseth as co-anchor of "Morning Edition," which runs from 5-10 a.m. on weekdays.
Contractor spending $1.6M to move north of downtown
Construction manager and contractor Messer Construction Co. has purchased two adjoining vacant buildings on North Meridian Street south of Fall Creek Parkway and plans to move there from Shadeland Avenue.
PROXY CORNER: Eli Lilly and Co.
Indianapolis-based Eli Lilly and Co. discovers, develops, manufactures and sells pharmaceutical products for humans and animals. The company reported 2013 net income of $4.7 billion, or $4.32 per diluted share, on revenue of $23.1 billion.
EDITORIAL: Keep attentive eye on Cummins
Last week’s announcement that Cummins would build a headquarters for its global distribution division in downtown Indianapolis was deservedly welcomed for its potential to house as many as 400 well-paid workers and add an “architecturally significant” building to a reserved skyline.
At Home Quarterly: Marketplace
Housing Sales December 1 – February 28 IBJ.COM EXTRA For a detailed table of recent housing sales activity, click here Weekend snowstorms hampered January and February sales, but F.C. Tucker Co. President Jim Litten predicted pent-up demand will play out in coming months as will the home-building recovery, also delayed by weather.• Most […]
Fifth Third combines Indiana banking regions
Fifth Third Bancorp has combined its Central Indiana and Southern Indiana units into a single affiliate. Nancy Huber, CEO of the company’s Central Indiana region since 2009, will retire May 15.
Comlux America names new chief executive
Indianapolis-based Comlux America, which operates an aircraft completion and maintenance center near Indianapolis International Airport, promoted Jim Soleo to CEO, the company announced Wednesday.
Cummins to build downtown office building for 400 workers
The $30 million project, which will include ground-floor retail and a parking garage, will occupy the two remaining parcels of the former Market Square Arena site.
UPDATE: Opera confirms cancellation, ‘challenges’
Confirming an earlier IBJ report, Indianapolis Opera officials said they didn’t want to risk the possible financial strain of a fourth and final production of the season.
GE Aviation poised to announce major Indiana plant
Gov. Mike Pence and GE Aviation CEO David Joyce will be on hand Wednesday morning for the announcement at the Purdue University Airport.
Southwest adding nonstop from Indy to Washington
Southwest Airlines Co. is adding more flights to Ronald Reagan Washington National Airport this year, including non-stop service to and from Indianapolis that begins Nov. 2, the airline said Monday.
Simon plucks in-house execs for spinoff firm
Simon Property Group Inc. is reaching into its own stable of executives to stock the C-suite of its publicly traded spinoff for retail strip centers and smaller enclosed malls.
Broadbent in mortgage dispute involving retail center
The owner of Castleton Place, a shopping center in one of the city’s busiest retail areas, is the target of a $5 million foreclosure lawsuit by a lender that seeks to have the property placed in receivership.
Butler taps Evansville dean to lead biz school
Stephen Standifird, dean of the Schroeder School of Business at Evansville since 2011, will take over the Butler College of Business on July 1.
Kirr Marbach fund wins top Lipper recognition
Columbus, Ind.-based Kirr Marbach & Co. LLC is furthering its reputation for smart stock picking among the nation’s investment advisers.