Ike & Jonesy’s to close as building owner develops boutique hotel
After a 36-year run, the owners of the downtown nightlife institution say it will close after its New Year’s Eve party and a “Last Hurrah Celebration.”
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Indianapolis Airport Authority selling 18-acre tract in Greenfield
Business is booming at Greenfield manufacturer ATMI Indy LLC, which is acquiring the property to accommodate the company’s growth.
IBJ Podcast: The demise of a trucking giant
In the years after Celadon Group’s co-founder and longtime leader, Stephen Russell, retired and then died, the company went in new directions that led to financial problems and accusations of fraud. Podcast host Mason King talks with IBJ Editor Greg Andrews and reporter Susan Orr about Celadon’s rise and fall as well as what role the fraud allegations played in its demise.
Libraries can’t keep up with e-book demand as they clash with publishers
New York-based Macmillan Publishers on Nov. 1 began limiting libraries to one license of each new e-book title for the first two months after publication. That’s created even longer waiting lists of e-books at public libraries.
Mexico trade negotiator: We’ll never accept U.S. ‘inspectors’
Mexico’s trade negotiator for North America said Sunday that Mexico categorically opposes allowing foreign labor inspectors to operate in the country.
Charter Schools USA loses charter bid, giving IPS a shot at reclaiming takeover schools
The Indiana Charter School Board denied charters Friday for three Indianapolis turnaround schools—a stunning move that could spell the end to the Florida-based Charter Schools USA’s operations in Indianapolis.
Interchange, trail spark development on 106th Street in Fishers
The lion’s share of Fishers’ recent high-intensity development has taken place at East 116th Street and Interstate 69, but a wave of projects is coming together just to the south.
BEHIND THE NEWS: A flawed culture poisoned Celadon
Critics of Celadon management say a deep-seated, clubby culture helped propel the Indianapolis-based trucking giant toward financial ruin.
Security-products maker Allegion accelerates innovation
The manufacturer has created an innovation studio bent on getting products from concept to market in 120 days or less.
Fifth generation takes helm at Gregory & Appel
When Andrew Appel becomes CEO at Indianapolis-based Gregory & Appel Inc. Jan. 1, he’ll be carrying on a long-standing family tradition.
Books & Brews to close Broad Ripple location
In addition to the Broad Ripple location, the Indianapolis-based Books & Brews chain has nine other locations in Indiana and Ohio.
Trump says U.S., China have reached deal; new tariffs called off
President Donald Trump said Friday that the U.S. and China have reached a Phase 1 trade deal, de-escalating a 17-month dispute between the economic powers.
House Judiciary panel passes two articles of impeachment against Trump
The committee voted 23-17 along party lines on the charges. The full House is expected to vote to impeach Trump next week, though Senate Majority Leader Mitch McConnell, R-Ky., has said there is “no chance” his chamber will vote to remove him from office.
Another massive Takata recall looms for large batch of air bags
Bankrupt supplier Takata faces a Dec. 31 deadline to show the U.S. National Highway Traffic Safety Administration that as many as 100 million inflators containing a chemical drying agent will be safe long-term.
Family donates $1 million to International School of Indiana
With the donation, the school is just $400,000 short of its goal to raise $7 million to build a new elementary school.
Local software firm finds fast growth with contract management platform
Tucked under the wing of law firm Hall Render Killian Heath & Lyman for nearly three decades, contract management software firm Ntracts is now taking off under the leadership of John Shane, who bought the company in 2016.
New NAFTA leaves winners, losers across North America
Companies, workers and lawmakers in three countries have spent the past year in limbo awaiting final touches on the U.S.-Mexico-Canada free-trade agreement. Now they have a better sense of who won—and who lost.
Smaller stocks gain on bigger players as 2019 closes
Small and mid-cap stocks haven’t made quite as big gains this year as the larger indexes, but they could be poised for a breakout next year if the economy continues growing.
House passes bill to empower Medicare to negotiate drug costs
The legislation has no chance of passing the Republican-controlled Senate, and the White House has issued a veto threat. Still, Democrats saw a victory in the message their bill sends to voters.
U.S., China near deal that would suspend planned tariffs
The Trump administration and China are close to finalizing an agreement that would suspend tariffs that are set to kick in Sunday, de-escalating their 17-month trade war.