Merrill Lynch abruptly parts ways with top financial adviser
Thomas J. Buck, who spent 34 years at the local office of Merrill Lynch while becoming one of the country’s top financial advisers, suddenly split from the firm last week.
Jeff Newman
Articles
Defender Direct sells Williams Comfort Air to old owners
Carmel-based WCA Group LLC has acquired Williams Comfort Air and Mr. Plumber from Defender Direct, which wants to concentrate on its core business of security and home automation.
Remy to acquire Ohio steering-system manufacturer
Pendleton-based Remy International Inc. announced Thursday that it plans to acquire Maval Manufacturing Inc., a steering-system maker that employs about 210 people in northeast Ohio.
Regulators slash proposed rate-hike request for BlueIndy plan
The Indiana Utility Regulatory Commission on Wednesday shot down the bulk of a plan by Indianapolis Power & Light to charge ratepayers $16 million for costs involving a proposed all-electric car-sharing service called BlueIndy.
Robotic lawn mower developer acquired by Ohio company
Precise Path Robotics Inc., the locally based maker of robotic lawn mowers co-founded by entrepreneur Scott Jones, has been sold to one of the country's largest manufacturers of outdoor power equipment.
Local homebuilders have best November since 2007
Builders filed 386 single-family building permits in the nine-county metro area last month. That’s the highest number in November since 500 permits were filed seven years ago.
Navistar closing local foundry with 180 workers
The foundry, located on the city’s east side at 5565 Brookville Road, produces engine blocks and heads. Navistar said the closure process will take place during the first half of 2015 and be completed in the summer.
Sun King to put limits on distribution to avoid state cap
Sun King Brewing Co. said it plans to quit distributing beer outside of the Indianapolis metropolitan area because it is close to hitting the state’s 30,000-barrel-a-year production limit at its downtown brewery.
Local water logistics company expands in Chicago area
Indianapolis-based TPG Marine Enterprises LLC announced Thursday that it has acquired Chicago Dry Dock, a shipyard near Lake Michigan founded in 1979.
One of city’s largest woman-owned businesses acquired
Distribution business HP Products Corp., a 450-employee company founded in Indianapolis in 1964, is now owned by Virginia-based Ferguson Enterprises Inc., the companies announced Tuesday.
Hamilton County man arrested for investment scheme
John K. Marcum, 50, was taken into custody Thursday after a federal grand jury indicted him on charges of criminal wire fraud, securities fraud and money laundering.
Ponzi scheme operator gets 20 years in prison
A former OneAmerica Securities Inc. representative who is already serving five years in federal prison for running a Ponzi scheme received a much tougher sentence Thursday in a local courtroom.
Local business leader Bill Mays dies at 69
William G. Mays, who built one of the nation's largest minority-owned companies and saved one of its oldest African-American newspapers, died Thursday in Indianapolis on his 69th birthday. “Indianapolis has lost a titan of industry and philanthropy,” Mayor Greg Ballard said.
UPDATE: Tax break sought on $11M Keystone Crossing building
The office building is part of a planned 15-acre development near the Fashion Mall that includes offices, apartments, a hotel and retail space. The Gene B. Glick Co. is a possible tenant.
Upstart local casket company about to go under
Genesis Casket Co., a locally based manufacturer that appeared to be on the fast track just a few years ago, has notified the state that it plans to close its Indianapolis headquarters, ending employment for 56 workers.
St. Louis furniture retailer plans expansion into Indy
Weekends Only Furniture Outlet, which has five stores in the St. Louis area, plans to make its first expansion outside of its home market by opening a 92,000-square-foot store in Castleton.
State exports show first decline in three years
Indiana exports slipped slightly last year, marking the first decrease in three years and only the second decline this century, according to a report released Tuesday.
Developer seeks tax break for downtown hotel project
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.
Magazine publisher acquires local event promoter
The Promotion Co. Inc., an Indianapolis-based event promoter founded in 1976, has been acquired by Florida-based Bonnier Corp, publisher of well-known magazines Popular Science and Field & Stream.
BidPal names chief executive to replace Webber
BidPal Inc. has hired an executive with a diverse background in event production, digital media and technology to succeed longtime CEO and tech industry leader Scott Webber.