Southwest Airlines to ditch nonstop Indianapolis-D.C. flights
The airline says the route, established in 2014, doesn’t have enough “sustained traffic” to keep it flying.
Susan Orr
Articles
Celadon Group acknowledges investigation by SEC
The Indianapolis-based transportation company confirmed something that has been speculated for months: The trucking company is under investigation by the U.S. Securities and Exchange Commission.
Two Indianapolis execs indicted in Maryland bribery case
Two executives, including the CEO, of Indianapolis-based technology firm The Consultants Consortium Inc. have been indicted in a federal bribery case that also involves a former cabinet-level Maryland state government official.
Carmel-based Merchants Bancorp plans state’s first IPO since 2013
Merchants intends to list its common stock on the NASDAQ Capital Market under the ticker symbol MBIN.
Motorsports firm to close Brownsburg manufacturing site
The California-based company will cease production at the facility by the end of the year, laying off about 70 employees. Its performance racing division will remain in Brownsburg, however.
Hoosier firms helping NASA chase lofty goal to send astronauts to Mars
In its quest to send people to Mars, NASA’s road to the Red Planet passes straight through central Indiana.
Nora hardware store to be replaced by $27.1M apartment project
Called the Notch at Nora, the 186-unit development from TWG received rezoning approval Wednesday from the Metropolitan Development Commission despite neighborhood opposition.
First Internet Bancorp raises $44.8 million in secondary stock offering
The Fishers-based financial company announced late Tuesday that it had sold 1.65 million shares of common stock at $29 per share.
North split of I-65/I-70 to receive complete makeover
State officials say the interchange on the northeast outskirts of downtown is 50 years old and reaching the end of its useful life. But project details are still fuzzy.
Celadon sells off its flatbed trucking business
The sale, to Alabama-based PS Logistics LLC, is part of a larger financial turnaround effort at Indianapolis-based Celadon.
Indy airport selling more than 1,800 acres to Plainfield
The town council’s president says a portion of the land southwest of the Indianapolis International Airport already has attracted interest from industrial developers.
11 things you might not know about the Red Line and other transit changes
IndyGo is revving the engines on its much-anticipated Red Line, with the bidding process under way and construction set to begin in January on the first 13.1 miles of the bus rapid-transit line.
TechPoint receives $5.7 million Lilly Endowment grant
TechPoint, a not-for-profit advocacy group, plans to use the money on two programs to nurture young tech talent.
As advertising falls, Star hits subscribers with hefty rate hike
The Indianapolis Star is asking its subscribers to absorb hefty rate increases—a move that reflects the pressure the newspaper industry is under to find ways to offset declines in advertising.
First Internet Bank investing in California health care lender
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
Indianapolis airport hopes to see cargo boost from new Paris flights
The Paris flights, announced Wednesday, may lessen the urgency local officials feel to attract a direct flight from Indianapolis to London. Delta Air Lines stands to land $5.5 million in incentives if it can keep the flights filled.
Plastics maker plans to take over shuttered Bluffton plant, invest $27M
20/20 Custom Molded Plastics says it will start operations Tuesday at the Wells County facility, formerly occupied by Buckhorn Inc., and hire 100 workers by the end of the year.
GE Aviation’s $110M jet-engine factory on path to employ 230 by 2019
The Lafayette factory produces a brand-new fuel-efficient engine that is locked in a fierce battle for customers with a new engine produced by Connecticut-based Pratt & Whitney.
Cummins unveils demo of all-electric semi truck
In the race to develop a fully electric semi truck engine, Columbus-based Cummins Inc. says it has become the first manufacturer to reveal a demonstration version of this technology.
Hoosier Lottery mustered record profit for state in latest fiscal year
Sales of scratch-offs and a reduction in expenses helped offset a dip in sales for big-jackpot tickets.