New public media company draws on savvy of hedge fund manager
Industry veteran Jeff Smulyan is pairing with a low-profile New York hedge fund manager once described as “the most important, least known man in TV.”
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Can BlueIndy flop become transit opportunity for city?
Stakeholders tell IBJ they’d like to see the electric-car-sharing service’s infrastructure continue to be used in some fashion.
Like never before, marketers are using your personal data to tailor their messages
Your smartphone, tablets, speakers and smart TVs are all acting as magnifying glasses for companies that pay billions of dollars to get an up-close and personal view of you.
Delta, American Airlines suspend flights between U.S., China
Delta Air Lines and American Airlines are the first U.S.-based airlines to do so and join several international carriers that have stopped flying to China as the coronavirus outbreak continues to spread.
Developer plans 384-unit apartment complex as part of 137-acre south-side project
Locally-based Sheehan Development is seeking approval to rezone land on the northwest corner of South Arlington Avenue and East County Line Road—directly east of Interstate 65—for a project with multifamily, commercial and light industrial uses.
VW plots U.S. truck expansion with $2.9 billion Navistar offer
Volkswagen has offered to buy the rest of Navistar International Corp. to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler and Volvo.
Amazon’s latest milestone: 150 million Prime members
The staggering number of Prime members is sure to spook other retailers. Analysts have said Prime subscribers typically spend more of their money at Amazon than other places.
U.S. worker compensation growth slowed a bit in 2019
Americans’ pay and benefits rose at a solid pace last year, but at a slightly slower rate than in 2018, the Labor Department said Friday.
ActiveCampaign’s massive VC haul to trigger growth at Indy office
ActiveCampaign, a Chicago-based marketing technology company that recently opened an Indianapolis office, announced this week it landed $100 million in Series B funding that will help it grow locally.
Saladworks to launch aggressive Indiana franchising strategy with Westfield store
The CEO of a fast-casual restaurant that offers customizable salads said there’s potential for 20 franchised locations in central Indiana.
Litz & Eaton sells three stalled properties to other developers
Indianapolis-based development firm Litz & Eaton Investments LLC—whose principals are entangled in several legal battles as part of a messy split—sold the properties to other companies who plan to move forward with developing the sites.
Nassar victims offered $215M settlement by USA Gymnastics
Indianapolis-based USA Gymnastics has filed a bankruptcy plan that includes an offer of $215 million in insurance funds for sexual abuse victims to settle their claims against the embattled organization.
Indiana has new tool to give parents data about schools
Users of the newly launched INview will have more immediate access to how much schools and districts are spending per student, as well as how that figure compares to the state average and other schools with similar demographics.
Companies with China ties start to feel virus impact
The dangerous virus spreading through China threatens a wide range of industries with ties to the world’s second largest economy.
U.S. advises against travel to China; virus declared emergency
The United Nations health agency defines an international emergency as an “extraordinary event” that constitutes a risk to other countries and requires a coordinated international response.
Buttigieg sharpens Biden, Sanders attacks as Iowa caucuses near
It was a notably more aggressive tone from the 38-year-old former South Bend mayor, who has risen from an asterisk into contention in Iowa on a message of hope and inclusion.
Versatile auto racer John Andretti dies at 56
Andretti won on dirt tracks, street courses and superspeedways. He won an endurance race, competed in dragsters and became an iron man in IndyCar and NASCAR. And he used his platform and passion for racing to help others.
Woman: School district failed to protect her from swim coach
The victim, now 18, filed a federal lawsuit Wednesday in U.S. District Court in Indianapolis accusing Carmel Clay Schools and the district’s high school swim coach, Chris Plumb, of allowing her sexual exploitation to continue despite warnings.
Federal Reserve proposes letting banks invest in venture capital funds
The draft rule approved by the Federal Reserve would exempt venture capital funds from the Volcker Rule’s provision that bars banks from investing in hedge or private equity funds.
Anthem sues senior executive who took job with competitor, demands return of $4M
The Indianapolis-based insurer said the former senior vice president and general manager of its Commercial Business division violated terms of his executive agreement by taking a position as president and CEO of Health Net LLC of California.