Hendricks County elementary school student has positive COVID-19 test, school district says
This is the third reported positive test for COVID-19 in Indiana, and the second in Hendricks County.
Greg Andrews
Articles
Recovery for Durham fraud victims hinges on high-stakes trial
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.
Help IBJ celebrate 40th anniversary by looking back, forward
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.
Investors keep their distance from Simon stock
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.
16 Tech launches international design competition for $14.5 million bridge
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.
Lilly Endowment to fund study of reconstruction options for inner loop
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.
Simon agrees to buy rival Taubman Centers for $3.6 billion
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.
UPDATE: Simon, partners bid $81 million for bankrupt Forever 21 chain
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.
New public media company draws on savvy of hedge fund manager
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.”
Execs fight back after FAA probe of air carrier operation lasts years
The FAA asserts that AirXL jets are operating under the wrong section of FAA regulations, but it hasn’t brought an enforcement action.
Lawyers tangle as high-stakes Fair Finance suit nears trial
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.
$1.1B acquisition would give Lilly more skin in immunology game
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.
Washington Square Mall losing two more anchor stores
The closings this month will be the biggest blow to the mall since Sears shuttered its store there in 2014.
2019 YEAR IN REVIEW: Celadon abruptly shuts down, wiping out nearly 4,000 jobs
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.
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.
Celadon shutdown to create shipping headaches for Fortune 500 firms
The company moved goods for many well-known companies, including Alcoa, General Electric, John Deere, Philip Morris, Procter & Gamble, Target and Walmart.
Apex Benefits says it’s buying office building, adding up to 55 jobs
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.
UPDATE: Celadon ceasing operations, eliminating nearly 4,000 jobs
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.
Startup chocolate-maker plans to invest $2.4 million, add up to 71 jobs
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.
KAR locked in legal battle over $25M acquisition
Auto auction giant KAR Global’s acquisition of a Florida-based locksmithing company has blown up in spectacular fashion, a meltdown it blames squarely on the man who founded the business.