The verdict was a huge setback for the 5,200 mom-and-pop Ohio investors who lost more than $200 million in a Ponzi scheme engineered by Indianapolis businessman Tim Durham.
This is the third reported positive test for COVID-19 in Indiana, and the second in Hendricks County.
A federal judge in northern Ohio has set aside three weeks for the jury trial, which pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
In the coming weeks, we’ll be seeking your input to identify the 40 most influential people in central Indiana over the last 40 years, to identify the top stories of the last 40 years and to dream up 40 great ideas to move our community forward in the decades to come.
David Simon said Simon Property Group’s ability to buy a company for $3.6 billion in cash without having to turn to a third party for financing and without suffering credit rating downgrades is a testament to the underappreciated strengths of the business.
The bridge will be funded by the city of Indianapolis and Lilly Endowment Inc., which two years ago awarded 16 Tech a $38 million grant.
The $475,000 grant will fund a study of reconstruction options for the inner loop except for the north split, the first phase of the project, which has already begun. The Indy Chamber Foundation said the study will “inform implementation efforts” in the year 2030 and beyond.
The deal sends a resounding message that Simon remains a devout believer in retail real estate, even as the rise of e-commerce has knocked the sector out of favor across the globe.
The deal is the latest evidence of Simon’s willingness to step into an ownership role to rescue mall chains that overexpanded and made other blunders as the internet roiled the fashion-retailing industry.
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.”
The FAA asserts that AirXL jets are operating under the wrong section of FAA regulations, but it hasn’t brought an enforcement action.
A federal judge in northern Ohio has set aside three weeks for the jury trial, which begins Feb. 24 and pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
Analysts have said that Dermira’s lead pipeline product, lebrikizumab, has the potential to be the best in class among a wave of similar antibodies to treat eczema.
The closings this month will be the biggest blow to the mall since Sears shuttered its store there in 2014.
The December announcement brought to a bitter close one of central Indiana’s great entrepreneurial success stories. Stephen Russell, the son of a New York City taxi driver, launched the business with a single truck in 1985 and grow it into the largest provider of international truckload services in North America, with more than 150,000 annual border crossings between the United States, Canada and Mexico.
Critics of Celadon management say a deep-seated, clubby culture helped propel the Indianapolis-based trucking giant toward financial ruin.
The company moved goods for many well-known companies, including Alcoa, General Electric, John Deere, Philip Morris, Procter & Gamble, Target and Walmart.
The employee-benefits consulting and brokerage firm said it is investing $6.7 million to acquire and renovate a 30,000-square-foot office building on the north side of Indianapolis.
CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome.
Six-year-old SoChatti makes artisanal, vegan chocolate that is consumed in melted form.
colate consumption is in melted form. The company says it uses innovative warming methods that capture and preserve the flavors of chocolate.