Council again delays decision on Angie’s List incentives
The Indianapolis City-County Council on Monday night tabled a decision on whether to issue $18.5 million in bonds to support the expansion of Angie's List’s east-side headquarters.
The Indianapolis City-County Council on Monday night tabled a decision on whether to issue $18.5 million in bonds to support the expansion of Angie's List’s east-side headquarters.
An Indianapolis City-County Council committee approved a proposal Monday night calling for the city to issue $18.5 million in bonds to support the expansion of Angie's List Inc.'s east-side headquarters.
The provider of online consumer reviews benefited in the fourth quarter from a sharp increase in advertising revenue from service providers. Shares jumped in early-morning trading Wednesday.
A decision on whether to provide more than $18 million in city incentives to consumer review service Angie's List was delayed Monday night by a City-County Council committee.
Chief Technology Officer Robert Wiseman has decided not to relocate permanently to Indianapolis, opening the door for former ExactTarget executive Darin Brown.
If Angie’s List fails to live up to promises fueling a taxpayer-subsidized headquarters expansion, the company will pay an undetermined amount into an escrow account for the city’s benefit.
Angie's List Inc. has hired communications veteran Debra DeCourcy as its first vice president of corporate communications, PR Week recently reported.
Angie's List Inc. continued to lose money in the third quarter and failed to meet Wall Street expectations. However, the loss was smaller than a year ago, and revenue jumped 24 percent.
Some real estate experts wonder whether the area’s revival relies too much on Angie’s List.
The struggling consumer-review firm plans to spend some $40 million to expand its headquarters campus on the east side of downtown and create 1,000 jobs with the help of more than $25 million in state and city incentives.
Amazon has been developing its own local services marketplace. Yelp is the leading consumer-review service in the retail space. Website Holding company IAC, meanwhile, has a big stash of cash and owns competitor HomeAdvisor.com.
The Financial Times said the Indianapolis consumer-review company already has had conversations with prospective buyers but "is not wedded to selling itself."
The settlement stems from a 2012 lawsuit alleging that the consumer-reviews firm renewed members at a higher rate than they were led to believe.
The consumer-review firm told federal regulators Friday that the move was “part of a focus on improving salesforce performance and productivity.”
Shares in Angie’s List Inc. dropped as much as 24 percent and at least seven analysts downgraded the stock Thursday after the company reported a bigger-than-expected loss in the second quarter on Wednesday afternoon.
Angie’s List Inc., 1030 E. Washington St., Indianapolis, operates a consumer website that reviews and rates local professionals for home, health care and automotive services.
It was no surprise that the Indianapolis Motor Speedway approached the Indianapolis-based consumer-review service about sponsorship of the Grand Prix of Indianapolis before the inaugural event in May. But the first response from Angie’s List CEO Bill Oesterle was no.
Chief Marketing Officer Angie Hicks-Bowman spends an hour and a half each month recording consumer-advice segments hat are downloaded by more than 100 television stations around the country and incorporated into their own consumer news segments.
John Chuang, co-founder and CEO of Boston-based Aquent LLC, fills the role of retiring Angie’s List director Keith J. Krach of California, who is CEO of DocuSign.
Indianapolis-based Angie's List's stock rose nearly 10 percent in after-hours trading Wednesday after the online consumer-reviews service posted a smaller quarterly loss on higher revenue.