Fortune Industries Inc., an Indianapolis-based professional employer organization, has appointed Tena Mayberry as its CEO.
Mayberry, who also will continue to serve as president, succeeds John Fisbeck.
The city of Indianapolis is seeking to consolidate management of its parking operations into a single, long-term lease that
could net it tens of millions of dollars to make street and sidewalk repairs. City leaders are expected to release a request
for proposals “soon.”
Indianapolis Mayor Greg Ballard said the city expects to recover $5.5 million from companies that failed to meet job requirements. The
city will use the money to fund economic development, convention, tourism and education efforts.
The massive far-east-side facility
already launders linen
for 30 hospitals and 400 clinics in Indiana, handling more than 36 million pounds of soiled linen each year.
Mayor Greg Ballard expected to announce at his State of the City address Wednesday evening that the Indianapolis Convention
& Visitors Association and Indianapolis Economic Development Inc. could receive about $1 million each from the city.
Indianapolis Power & Light Co. made the claim in testimony submitted to the Indiana Utility Regulatory Commission as part
of a hearing investigating complaints that the utility’s tree-trimming policies are too aggressive.
A report from the Indiana Fiscal Policy Institute says metropolitan counties pay more in state taxes than they receive
in benefits. The results, though not surprising, document the disparity for the first time in Indiana.
Indianapolis-based cell phone distributor is buying back more shares as part of a settlement it reached in October with Denmark
holding company NC Telecom Holding A/S, which Brightpoint bought in 2007.
Four veteran real estate agents are operating as part of Sotheby’s international network. The north-side office opened Friday
and already has 117 residential listings in the metropolitan area.
Robert E. Nelms received an eight-year sentence that will be served through a community corrections program after pleading
guilty to theft and securities fraud.
Indianapolis-based HP Products Corp. announced Tuesday morning that it has completed its acquisition of Great Lakes Supply and Chemical in Michigan City.
A contentious split between two prominent accounting partners is getting even uglier after a lawsuit filed by one of them
has the other pledging to counter sue.
As PNC digests its acquisition of National City Corp., it probably is pulling out the stops to protect the lucrative customers
from being lured away by competitors.
PNC Financial is still digesting its $5.6 billion acquisition of National City Corp., but a quiet fight almost certainly
is under way over its lucrative private banking clients.
Two more local homebuilders fell victim in 2009 to the prolonged meltdown of the housing market. Carmel-based
C.P. Morgan Communities LP closed in February, and Indianapolis-based Hansen & Horn Group Inc. is teetering on the edge
of bankruptcy.
The past year has been mighty unkind to the Capital Improvement Board, the entity charged with operating the city’s
professional sports venues and Indiana Convention Center.
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t
hide the anxiety felt within the construction industry.
Indiana’s unemployment rate ticked downward in November, falling to 9.6 percent, the Indiana Department of Workforce Development
said Friday morning.
