Local dental tech services company acquired by Atlanta firm
Renaissance Electronic Services, an Indianapolis-based tech company that announced major growth plans in 2016, has been acquired by Atlanta-based Vyne, the companies announced Thursday.
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Allison Transmission’s 4Q performance beats analyst expectations
Indianapolis-based Allison Transmission Holdings Inc. on Wednesday reported lower fourth quarter revenue and earnings than a year ago, but the results beat Wall Street predictions.
Morgan Stanley to buy E-Trade for $13 billion
The biggest takeover by a major U.S. bank since the 2008 financial crisis combines Morgan Stanley’s prowess and client-facing resources with E-Trade’s more than 5 million customers.
Victoria’s Secret getting new majority owner after 38 years under L Brands
Victoria’s Secret, beset by falling sales and uncomfortable questions about its billionaire owner who has run the company for four decades, is being sold to the private company that owns Hot Topic and Talbots.
Bloomberg assailed as candidates go on the attack
Former New York mayor Mike Bloomberg suffered a punishing welcome and Sen. Bernie Sanders was bludgeoned with criticism as an animated cast of rival candidates spent Wednesday’s presidential debate scrambling to stake their claims against the two rising contenders in the Democratic race.
Senate Democrats pushing for more oversight for virtual schools
State lawmakers say it’s not too late to enact legislative “guardrails” that could help prevent virtual schools from spending tax dollars in the future without accountability.
NFL plans to expand playoffs to 14 teams, add 17th game to season
While the 17-game season would not take effect immediately, the league and owners would plan for the expanded playoffs to be implemented in the 2020 season, according to people familiar with deliberations on a new collective bargaining agreement.
Lawmakers considering central Indiana regionalism legislation
Senate Bill 350 would create a regional development authority framework for central Indiana to allow local officials to work together on significant economic development initiatives. The pilot program would be in place for five years.
IRS to pay visits to high-income taxpayers who fail to file
The agency said Wednesday that it is stepping up its efforts to visit high-income taxpayers who failed in prior years to file their tax returns on time.
Longtime Indiana amusement park verifies closure after 94 years
Indiana Beach officials confirmed that the business has closed after 94 years of operation in a statement issued Wednesday, a day after news of the closure broke.
Simon, other new Forever 21 owners in talks to keep most U.S. stores open
Authentic Brands Group, Simon Property Group Inc. and Brookfield Property Partners LP have finalized their $81 million acquisition of the struggling retailer, they announced Wednesday.
Kite Realty beats analyst expectations with 4Q performance
The Indianapolis-based real estate investment trust beat Wall Street predictions in two key financial categories in the fourth quarter.
Speedway Indoor Karting planning expansion to Daytona Beach
Former IndyCar driver Sarah Fisher and husband/business partner Andy O’Gara, who opened Speedway Indoor Karting nearly four years ago, plan to open a second karting facility next door to Daytona International Speedway, they announced Wednesday.
Bottleworks District adds bar, coffee shop to growing Garage lineup
The businesses join 16 other tenants confirmed for the Garage Food Hall lineup. The food hall is expected to open in October.
Hinchcliffe gets Indy 500 ride in 3-race deal with Andretti
Driver James Hinchcliffe had to scramble to find anything at all for 2020 when he learned late last year that he was out at Arrow McLaren SP with a year remaining on his contract.
India-based health-tech firm to build North American headquarters in Noblesville, hire up to 65
Panacea Medical Technologies said it will invest $11.7 million to construct and equip a 20,000-square-foot building that will house R&D and manufacturing operations.
Pulte Group seeks OK for empty-nester neighborhood in Fishers
Pulte Homes of Indiana LLC is seeking zoning approval to build 52 single-family homes not far from Ironwood Golf Club.
Senate passes bill to prevent companies from requiring employees to be microchipped
A bill that would prohibit businesses from using the implantation of some type of tracking or identification device as a condition of employment is headed to the governor.
Indiana panel backs ban on drivers using handheld phones
A state Senate committee voted 8-1 Tuesday to endorse the bill that only permits cellphone use with hands-free or voice-operated technology, except in emergencies.
NCAA moves toward immediate eligibility for all transfers
If adopted, new criteria would go into effect for the 2020-21 academic year and be a boon for Division I athletes in high-profile sports such as football and basketball.