EDITORIAL: Panhandling deal should be OK’d
The City-County Council would be well advised to adopt panhandling-ordinance changes passed Nov. 19 by the Rules and Public Policy Committee.
IBJ Staff
Articles
Colts to remain with Jim Irsay after divorce
Jim and Meg Irsay announced on Thursday that they had mutually agreed to end their 33-year marriage, and that Jim would maintain 100-percent ownership of the Indianapolis Colts, estimated to be worth $1.2 billion.
Newegg lands incentives from state for distribution center
Online electronics retailer Newegg Inc., which reached an inducement deal with the city in September to open a distribution center in Indianapolis, has landed even more incentives from the state, the Indiana Economic Development Corp. announced Wednesday.
Celadon to acquire Canadian trucking, rail firm
The Indianapolis-based trucking firm plans to establish a foothold in the Canadian rail industry by acquiring N. Yanke Transfer Ltd., which posted $90 million in revenue in 2012.
Health care cloud firm expanding, adding 62 jobs
The Zionsville-based firm said it will spend $1.4 million to lease and equip a 16,626-square-foot headquarters facility at Northwest Technology Park to allow for the expansion.
Hamilton County health facility with 100 workers closing
The state’s Division of Disability and Rehabilitative Services ordered an immediate transfer of the residents to other providers Nov. 11. The state recently cited the facility for violations regarding infection control and other problems.
Software developer Blue Pillar changes CEOs
Blue Pillar Inc. selected Thomas Willie III to take over as its CEO following the departure of Kevin Kushman. Willie started the new job Nov. 4.
Faces changing on local TV news
Several new faces have been appearing on local television news broadcasts.
EDITORIAL: Pence should explain stance
Mike Pence officially began running for governor in May 2011 and has occupied the office since January, yet Hoosiers still don’t know why he doesn’t want tax subsidies to help people buy private insurance. It’s time he made the reason clear.
Charities, what do you need most?
Indianapolis Business Journal’s annual Holiday Wish List will debut in the Dec. 2 issue and will appear weekly though Dec. 23.
NFP of NOTE: Down Syndrome Indiana Inc.
Down Syndrome Indiana is dedicated to enhancing the lives of individuals with Down syndrome by serving as a conduit of information, support and advocacy for them and their families.
Stonegate Mortgage profit slows in third quarter
In its first quarter as a public company, the Indianapolis-based residential mortgage firm reported a big year-over-year dip as rising interest rates made the market more volatile.
Indianapolis-area home sales take nosedive
Although area sales are up 16 percent through the first 10 months of the year, the trend has slammed into reverse in recent months amid higher mortgage rates and tighter inventories.
Kite Realty raises $217.3M in secondary share offering
The local rest estate investment firm says it will use some of the proceeds to repay debt and the rest to fund part of its recent $307 million purchase of nine Southern retail properties.
Lilly to spend another $700M in growing market for diabetes products
The move includes a $45 million investment for Lilly's operations in Indianapolis, on top of $400 million in investments the company announced over the past two years.
CIRTA hires industry veteran as new director
The Central Indiana Regional Transportation Authority has hired a native Hoosier as executive director, replacing outgoing leader Ehren Bingaman, CIRTA announced Wednesday.
Former Mayor Peterson joins Kite Realty board
The former two-time mayor is better known for politics and public policy, but he spent many of his early years working in his family’s commercial real estate company.
Council urges rejection of marriage amendment
The Indianapolis City-County Council voted 22-6 on Monday night to pass a resolution urging the Indiana General Assembly to vote against the proposed same-sex marriage amendment.