UPDATE: KAR Auction IPO raises less than hoped
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
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Republic Airways bringing 300 jobs to city
Republic Airways Holdings Inc. said Tuesday afternoon it will create as many as 300 jobs in Indianapolis next year by bringing
Frontier Airlines’ Operation Control Center to the city.
Airport adds events to draw more people, revenue for vendors
One of the first things new airport CEO John Clark said he wanted to do was to squeeze more use—and revenue—out
of the new airport terminal’s Civic Plaza space.
Carp, shipping and a lawsuit
A lawsuit aimed at stopping invasive carp from reaching Lake Michigan could bring some forms of shipping to a grinding halt.
Builder looks to cold storage for steady work in a weak economy
Cold storage might become a hot business for a building contractor.
Airport plans holiday events to lure traffic to Civic Plaza
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered
this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search
for ways to boost revenue.
Alcohol distributor fights decision allowing big competitor into Indiana
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission
ruled Nov. 5 that Southern Wine
& Spirits of America Inc. could distribute here.
Traffic technology handy after propane tanker explosion
A complex system of signs along Indianapolis’ interstate highway system was pressed into action after a propane tanker exploded
in October near I-465 and I-69.
Airport retailers want relief from street pricing policy
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.
Debt-shedding efforts start to pay off for Brightpoint
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with
the strongest balance sheets.
Computer woes slow air traffic across the nation
The Federal Aviation Administration said the problem was fixed about 10 a.m. Thursday, but it was unclear how long flights would continue to be delayed. Dozens of flights to Indianapolis International Airport have been affected.
Analyst: No trucking U-turn till late 2010
FTR Associates analyst Jon Starks says truck manufacturers won’t feel an improved economy until at least late 2010.
Heartland RV plans hiring 400 in northern Indiana
Recreational vehicle company says orders for its towable recreational vehicles have increased since Oct. 1.
Indy route not part of high-speed rail funding application
The decision to sidetrack a 110-mph Chicago-Indianapolis-Cincinnati train hasn’t received any attention
locally. High-speed rail could someday become an economic development engine here, but it has
not gained as much attention here as improved highways or a commuter rail line from downtown to Noblesville.
State pushing Monroe County officials to adapt I-69 plans
Bloomington and Monroe County officials have declined to include aspects of the I-69 project in their transportation improvement
plan.
Unions prod Obama to fix ailing airline industry
U.S. Transportation Secretary Ray LaHood is holding a forum Thursday to discuss the state of the airline industry, which is
mired in a severe economic slump and blamed for using a business model critics say undermines safety.
Indianapolis gets new signs to direct Super Bowl traffic
Highway signs around Indianapolis are getting makeovers to help direct Super Bowl 2012 visitors to downtown attractions.
Traffic down at new Indianapolis airport terminal
The new terminal at Indianapolis International Airport has seen a 10-percent decline in passengers during its first year.
Republic Airways adding 800 workers in Milwaukee
Locally based Republic Airways Holdings Inc. on Tuesday afternoon said it still might bring jobs to Indianapolis as part of
the digestion of its newly acquired Frontier Airlines and Midwest Airlines subsidiaries. But it looks like Milwaukee has wound
up as the biggest beneficiary.
Adesa parent turns profit on lower revenue
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.