Carmel-based CNO acquires employee benefits administrator for $50M
The benefits administrator, DirectPath LLC, offers a variety of technology-driven services for employees and employers.
Susan Orr
Articles
New report outlines challenges, solutions for Indiana’s economy
The Brookings Institution report, “Indiana GPS: Strategies for Resilience,” identifies job growth, wages and technology as areas for improvement in the state’s economy.
Allegiant adding nonstop service to Boston, Los Angeles
Routes to both cities begins at the end of May. The airline also plans to offer service from Indianapolis to Rapid City, South Dakota, in August for the Sturgis Motorcycle Rally.
Fountain Square salon planning move to much larger space near Mass Ave
The three owners of 4-year-old Witch Hazel say it needs more room to accommodate growth, despite the challenges posed by the pandemic.
Mall giant Simon saw profit drop last year due to pandemic
Indianapolis-based Simon said it lost about 20% of its total shopping days last year at its U.S. malls because of government-mandated shutdowns related to the pandemic.
T.J. Maxx to reopen downtown Indianapolis store next week
The discount clothing and home-goods store closed during last spring’s pandemic stay-at-home orders, then sustained damage during riots and looting in May. It’s set to reopen Sunday.
Greenwood-based service firm builds its own workforce
Peterman Heating, Cooling and Plumbing Inc. is tackling the challenge of a shortage in skilled workers through an innovative new in-house training program.
New restaurant, Block Bistro and Grill, opening downtown
Local restaurateur Terry Anthony said his goal is lure people back downtown and attract repeat customers. The Block opens Sunday in the historic Block Building.
Cummins saw stiff drop in sales, profit in 2020, but exceeded market expectations
The Indiana-based manufacturer said sales in North America declined 21% last year, but its sales in China reached record levels, up 25% from the previous year.
Mitsubishi to close 82-worker climate control business in Franklin
Mitsubishi Heavy Industries Climate Control Inc., which has operated in Franklin since the 1990s, will cease production next month. Mitsubishi has a turbocharger business in the same facility that will continue to operate.
New operator at Indianapolis Regional Airport plans improvements
Local aviation company Aero Management Group has acquired the leasehold rights to Indianapolis Regional Airport in Greenfield and is planning numerous capital improvements and the addition of charter service.
Longtime friends to debut House of Soul Cafe on south side
Indianapolis-based owners David Brown, a chef, and Adam Belt, a commercial pilot, are gearing up to open their fast-casual soul food concept in a space that formerly housed a Dunkin’ Donuts.
Green District planning restaurant on Monument Circle
Green District plans to take over the space on the southwest corner of Monument Circle that was previously occupied by Au Bon Pain.
Dealmaking activities have largely moved online for social distancing. Will the new habits stick?
Since the pandemic has shifted many of these interactions online, local dealmakers say they feel the loss of assessing non-verbal cues and interactions among members of a management team as they decide whether to acquire companies or invest in startups.
Turner Woodard sells majority stake in historic Stutz property
The new majority owner says it plans to retain the Stutz property’s historic character but isn’t yet revealing details about its plans for the 110-year-old downtown complex.
Butler to freeze tuition for first time in decades
The Indianapolis university said this will be the first time it has not raised tuition rates since 1983.
Two more tenants depart Circle Centre
Sunglass Hut and GameStop have closed their Circle Centre stores. Both retail chains still have numerous other Indianapolis-area stores.
Eatery specializing in cereal, breakfast treats coming to Greenwood
Day & Night Cereal Bar, which opens next month at Greenwood Park Mall, is a franchised location for the Los Angeles-based concept, which launched last summer as a mobile food truck.
Local entrepreneur, partner to appear on Shark Tank
Kweku Larbi of Indianapolis and his business partner, social-media influencer Ross Smith, went on the show to pitch their company Brumachen, a portable coffee-maker that uses biodegradable coffee pods. The episode airs tonight.
Manufacturers hope Biden’s environmental policies will boost electric vehicle sales
During his presidential campaign, Biden detailed a multi-pronged plan to address climate change by, among other things, tightening fuel economy standards and moving the United States to 100% clean-energy sources by 2050.