Charter schools bill would strip Indy council’s authority
A bill moving through the state legislature would remove the City-County Council’s ability to veto mayor-sponsored charter schools.
IBJ Staff
Articles
PROXY CORNER: Hillenbrand Inc.
Batesville-based Hillenbrand Inc. sells burial caskets and other death-care products. The company also operates a Process Equipment Group, which makes material-handling equipment and systems.
Republic Airways pulls out of earnings dive
Restructuring efforts at Republic Airways Holdings spurred the regional airline operator to a fourth-quarter profit of $12.6 million, or 25 cents per share, the company announced Wednesday.
Emmis sells Slovakian radio network for $21 million
Emmis Communications Corp. has sold a national radio network in Slovakia to Germany-based Bauer Media Group for $21 million, the locally based media company disclosed Wednesday in a regulatory filing.
Ohio logistics company adding 25 Indy jobs
An Ohio-based trucking logistics company plans to expand its operations in Indianapolis and add up to 25 jobs this year, primarily in sales.
Carmel tech firm plans to expand, add 36 jobs
Cloud computing firm Polleo Systems Inc. said it will add the jobs by 2016 as part of a $2.5 million expansion of its Carmel City Center headquarters
Indianapolis Air Show called off; organizers cite sequestration
The air show was set for June 15-16 at Indianapolis Regional Airport near Mount Comfort east of Indianapolis. It has taken place annually since 1996.
IBJ’s Schouten promoted to managing editor
The Indianapolis native and IU graduate has been with IBJ since 2006. He currently covers the real estate beat, writes the Property Lines real estate blog and appears on business news updates for Fox59, IBJ's newsgathering partner.
Bank foreclosing on former charter school property
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay off the $1.8 million balance on its mortgage.
UPDATE: First Internet slips 2.5 percent in debut on NASDAQ
Shares of the Indianapolis-based bank finished their first day on the NASDAQ exchange at $28.50, a 75-cent drop from their opening price. The stock had been listed on the thinly traded over-the-counter market.
Marsh closing stores in Marion, Columbus
The locally based grocery chain said it is shutting down the stores rather than renew leases. Following the closings, Marsh will have 91 stores in Indiana and Ohio.
ExactTarget loss grows, but revenue hits record
Marketing software developer ExactTarget Inc. took a bigger loss in the fourth quarter due to higher expenses, the Indianapolis-based company announced Thursday.
EDITORIAL: Little pleasure in Marsh pain
The $2.2 million judgment against Don Marsh for using Marsh Supermarkets, the grocery chain he led for more than 30 years, as a piggy bank to pay for lavish trips and extramarital affairs caps what will surely be a mixed legacy for the once-powerful businessman.
Westfield golf pro to be inducted into PGA Hall of Fame
Don “Chip” Essig IV was the 2011 recipient of the PGA Golf Professional of the Year award.
LDI installs new Lacy as CEO, hunts for acquisition
J.A. Lacy replaced David Shane, who retired Jan. 1. Lacy wants to add another distribution or logistics and manufacturing firm to the company’s portfolio.
NFP of NOTE: School on Wheels Corp.
School on Wheels Corp. provides one-on-one tutoring and educational advocacy for school-age children affected by homelessness.
State hotels see rise in annual occupancy rate
Indiana’s hotels hosted more visitors last year, according to a survey by Hendersonville-based Smith Travel Research.