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.
IBJ Staff
Articles
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.
Bazbeaux founders settle lawsuit
Former husband and wife agree to end joint ownership of pizza restaurant, ending dispute that erupted with opening of Fountain Square sandwich shop.
Daniels wins presidency … at Purdue
About a year after deciding not to campaign for president of the United States, Gov. Mitch Daniels agreed to become the next president of Purdue University.
Digital marketer ExactTarget splashed onto NYSE
After an aborted attempt to go public in 2007, marketing software giant ExactTarget rang the bell on the New York Stock Exchange last March in an IPO that raised $162 million.
Indy airport sends CEO Clark packing
Mayor Greg Ballard apparently was unhappy with the pace of economic development at the airport under Clark. The CEO’s extensive overseas travels also generated controversy.
City projects move ahead, following clash over TIF
Mayor Greg Ballard charged forward on government-supported downtown development efforts after successfully shepherding an expansion of a TIF district over Democratic opposition.