ExactTarget stock finishes year in positive territory
The marketing software maker that went public in March is ahead of its offering price even as it suffers because of some competitors’ woes.
IBJ Staff
Articles
Democrats alter City-County Council posts, GOP member steps down
John Barth replaces Brian Mahern, a fierce opponent of some of Mayor Ballard’s policies, as council vice president.
Indianapolis government workers in line for raises
The merit raises for non-union employees come as the city tries to trim expenses by 5 percent.
Tobias Insurance agency merges with Florida firm
Tobias Insurance, the Indianapolis area’s eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners. Tobias will retain its name, employees and leadership.
Mass transit group kicking off promotional campaign
Indy Connect, the local initiative supporting a $1.3 billion expansion of the transit system, plans to begin an advertising campaign for the proposal on Friday.
BioCrossroads seed fund makes first investments
Local startups Esanex Inc. and Algaeon Inc. have received $500,000 and $250,000, respectively, from Indiana Seed Fund II, BioCrossroads’ second fund to help fledgling life sciences companies.
Sprint first carrier to sign on to FM radio service
Sprint on Tuesday announced a preliminary agreement with radio industry representatives that will enable customers to listen to local FM radio stations on their mobile phones. Emmis CEO Jeff Smulyan was a key negotiator in making the deal.
Fishers Town Council elects new leadership
The seven-member council chose John Weingardt as president and Pete Peterson as vice president. Weingardt replaces Scott Faultless, who had been president since 2001.
Local elevator service firm bought by German company
The Indianapolis elevator repair and installation company has been acquired by ThyssenKrupp AG. Amco Elevator was founded in 1965 and had been locally owned until the purchase.
Finish Line suffers surprising quarterly loss
The earnings fell short of predictions by analysts polled by Thomson Reuters, which recently forecast per-share earnings of 10 cents on revenue of $296 million.
Investor: Kroger missed chance to buy ‘linchpin’ property
Owner of real estate near 16th and Central says grocery chain showed little interest, but Kroger says it still wants property to make way for new downtown store.
Stock buyback continues at CNO
The Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
Pence inaugural ball sold out
The black tie dinner and dance will be at the JW Marriott’s Grand Ballroom.
After cutting debt, Emmis lines up $100M refinancing
Indianapolis-based Emmis Communications Corp. announced Dec. 28 that it had pulled off a $100 million debt refinancing under favorable terms, the culmination of CEO Jeff Smulyan’s years-long quest to strengthen the company’s balance sheet. Emmis had been carrying debt far above market rates, some as high as 23 percent. It also was facing tens of […]
Bazbeaux founders settle lawsuit
Deborah Borchelt, who co-founded Bazbeaux Pizza, has agreed to sell her half stake in the popular restaurant chain to co-founder Jeffrey Berman to settle a lawsuit he filed last February claiming she had violated a non-compete agreement by opening B’s Po Boy restaurant in Fountain Square. Deborah Borchelt opened B’s Po Boy last year with […]
Daniels did his job
To put in perspective the flurry of activity that has been the eight years of the Daniels administration, one must think back to the state he inherited following a succession of solid, but caretaker, governors.
PROXY CORNER: Horizon Bancorp
Horizon Bancorp, 515 Franklin Square, Michigan City, Ind. 46360, operates as Horizon Bank and Heartland Community Bank.
Tipton manufacturer with 173 workers says its closing
Steel Parts Manufacturing Inc. says it plans to close its plant in Tipton, ending employment for 173 workers. The company told the state the closure and layoffs will begin Feb. 28 and end by March 14.