Online car-sales company Carvana enters Indianapolis market
Since launching its service in Atlanta in late 2013, the company has been rapidly adding metro markets across the country.
Susan Orr
Articles
City tries to claw back $380,675 from exiting Rexnord Corp.
As the manufacturer prepares to move its Indianapolis operations to Mexico, city officials are demanding a refund in tax incentives received by the firm.
Old Greenwood city hall acquired, lands tenant
Cornerstone Autism Center plans to hire about 30 employees in the next year in the 96-year-old Polk Building, which is undergoing a major rehab by its new owner.
Wealth manager Cooke Financial Group jumps to David A. Noyes & Co.
Cooke Financial Group LLC, which oversees $1.7 billion in assets, is parting ways with Wells Fargo Advisors LLC. Principals Chris Cooke and Brian Cooke have bought into Chicago-based Noyes and will run the largest of its seven offices.
Indianapolis airport tries ‘long-term strategy’ to land nonstop London flights
An Indianapolis Airport Authority official told board members Friday that the airport is working to land nonstop London service, but its efforts could take years to see results.
Hair products maker Kenra leaving after 88 years in Indy
Kenra Professional LLC, a hair products company founded in Indianapolis in 1929, will be leaving the city for the Los Angeles area in mid-2017, the company disclosed this week.
Republic Airways plans to emerge from bankruptcy next quarter
The Indianapolis-based airline company, which filed for Chapter 11 bankruptcy protection in February, filed its plan of reorganization this week.
Rexnord definitely moving Indy operations to Mexico, union says
Rexnord Corp. plans to proceed with the closure of its Indianapolis bearings plant, according to the union that represents most of the plant’s approximately 350 employees.
Splenda owner sues Dunkin’ Donuts over knockoff sweetener
Carmel-based Heartland Consumer Products LLC, which owns the rights to the Splenda brand, says Dunkin’ Donuts uses a knockoff sweetener but leads customers to believe it uses Splenda.
Packaging entrepreneur, 84, to sell family firm for $100M
Bob Haddad started the box company in 1975. It since has branched out to a wide variety of products and several location in Indiana and Illinois with 300 employees total.
Marion County votes for higher taxes to pay for expanded transit
Marion County voters on Tuesday said “yes” Tuesday to a transit-related tax increase, which means it’s now the City-County Council’s turn to consider the issue.
Indy-based produce distributor Caito Foods selling for $217M
Michigan-based SpartanNash said part of the allure of Caito was its newly built, $32 million "Fresh Kitchen" in Indianapolis, which will process, cook and package fresh protein-based foods and complete meals.
Low fuel prices tank Allison’s hybrid-transmission line
Allison’s hybrid bus transmission sales have tanked, and the company says it’s postponing production of hybrid truck transmissions until market conditions improve.
Calumet Specialty posts fifth straight quarterly loss
The Indianapolis-based fuel-products company posted a loss of $33.4 million in the third quarter, marking an improvement over its previous four quarters.
Animal group shutting its doors next month, placing critters in new homes
The area not-for-profit organization says its bookings for educational programs have slowed considerably this year, and it’s closing down rather than operate at a loss.
In economic ballgame, U.S. is in ‘seventh inning,’ strategist says
The chief investment strategist for Fifth Third Bank on Friday tried to temper optimism in an economic forecast for 2017, noting global headwinds that could curtail growth.
RCA firm grows with LED popularity
For decades, the RCA brand has been associated with televisions and other consumer electronics. But it’s LED lighting that’s helping fuel growth for Indianapolis-based RCA Commercial Electronics.
Initiative aims to train, connect job-seekers with employers
The initiative, called Ascend Indiana, is a new program of the Central Indiana Corporate Partnership.
Indianapolis airport to sell 6.4-acre site to local developer
The Indianapolis Airport Authority on Friday also heard about plans to add hundreds of new public parking spaces at the airport in coming months.
Council has final say on transit tax, even if voters pass referendum
The Nov. 8 referendum—if it’s approved—doesn’t institute a transit tax. It only gives the City-County Council permission to vote on one, if it chooses to.