Trucking giant Celadon preparing to file bankruptcy
The Indianapolis-based company lost its way after founder Stephen Russell gave up the CEO’s role in 2012, and three of its former executives now are facing fraud charges.
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Apartment-building blitz reshapes Broad Ripple
Broad Ripple is wrapping up a prolific six-year stretch during which developers have spent more than $125 million to bring nearly 800 new apartments to the neighborhood.
As injuries mount, Methodist Sports Medicine expands to meet need
Founded in 1983, the practice has 28 physicians and annual revenue of $35 million, and shows little sign of slowing.
Got a big head? Fatheadz has you in its sights
Starting out in 2005 with just four sets of sunglass frames, the eyeglass company now offers five lines for men and women with more than 100 frame styles.
BHI Senior Living on growth tear, even as some of its rivals sputter
The retirement community operator had revenue of $51.4 million last year, up 4% from 2017, according to its Form 990 tax return.
Cummins CEO challenges execs to serve all stakeholders, not self-interests
On Friday morning at Engage Indiana 2019, Tom Linebarger evangelized for a model of doing business that emphasizes maintaining strong relationships with all stakeholders—employees, community leaders, corporate partners, government officials and shareholders—rather than only focusing on self-serving interests.
U.S. report: Prescription drug prices down slightly last year
Though modest, it was the first such price drop in 45 years, according to nonpartisan economic experts at the federal Department of Health and Human Services, who deliver an annual report on the nation’s health care spending.
Where’s my Amazon package? It might be late
The company said the delays are due to bad weather in parts of the country and the large amount of orders it received during Black Friday and Cyber Monday, when it offered steep discounts.
IU football coach Allen agrees to 7-year contract worth $3.9M per year
Tom Allen led Indiana University to its first winning regular season in 12 years and its first winning conference season in 26 years.
U.S. gains whopping 266,000 jobs; unemployment rate hits 50-year low
In Friday’s hiring data, besides reporting the healthy November gain, the government revised up its estimate of job growth for September and October by a combined 41,000.
Butler professor unleashes app to help visually impaired
Inspiration comes in many forms. For Panos Linos, a Butler University computer science and software engineering professor, it came from blind and visually impaired students in some of his classes.
16 Tech chooses partners for new Innovation Hub ventures
The chief executive of 16 Tech told a city board Wednesday that the district plans to partner with an East Coast firm to create a startup incubator and flexible office space at the campus’ Innovation Hub.
UPDATE: Former Celadon COO, CFO indicted on multiple fraud charges
In addition to numerous criminal charges, the former chief operating officer and chief financial officer of Indianapolis-based Celadon Group are facing a civil suit filed Thursday by the U.S. Securities and Exchange Commission.
Buttigieg backs black leaders after Indiana event disrupted
Democratic presidential candidate Pete Buttigieg is applauding African-American leaders in his home city for “speaking their truth” after a protester disrupted an event held to demonstrate black support for the mayor in South Bend.
Pelosi sets Medicare showdown on drug costs, new benefits
As a hammer to force companies to negotiate, House Speaker Nancy Pelosi would impose steep sales taxes on the medications at issue. Overall, budget analysts estimated the legislation would cut industry revenues by $500 billion to $1 trillion over 10 years.
Hamilton County named state’s fourth 21st Century Talent Region
Hamilton County officials are taking a more narrow approach than the state’s other 21st Century Talent Regions to promote educational attainment, foster higher incomes and grow its population.
Pharmaceutical developer to purchase Zionsville Road property, create 55 jobs
Nukemed Inc., doing business as SpectronRX, plans to acquire a vacant 68,000 square-foot building at 9550 Zionsville Road, where it will produce lifesaving medicine for children through a partnership with New York-based Y-mAbs Therapeutics.
South Meridian condo project gets approval to move forward in phases
The Indianapolis Historic Preservation Commission on Wednesday voted to approve changes to the design and construction timeline for a downtown condominium project planned along South Meridian Street.
Christmas tree growers face growing challenges
Each year, fewer Americans are putting up trees during the holidays. And those who do are increasingly choosing artificial ones.
China says U.S. must cut tariffs in trade deal
The United States must roll back punitive tariffs on Chinese imports if the two sides reach a trade deal, China said Thursday, indicating Beijing is sticking to its position ahead of another possible Dec. 15 duty increase.