High Alpha raises $14 million to launch latest tech company
The software-as-a-service company, launched Wednesday, will be led by well-known local tech executive Scott McCorkle.
IBJ Staff
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Longtime CEO Gilbert stepping down from Carmel-based software firm
The CEO and co-founder of one of the Indianapolis area’s oldest and largest software firms announced plans Tuesday to retire early next year.
State fines investment firm $450K for ‘deficiencies’ in Indiana
Investment firm LPL Financial has agreed to pay a civil penalty for "various deficiencies" related to supervision of its Indiana operations, the Secretary of State’s office said Monday.
UPDATE: WISH-TV owner to pay $4.1B for owner of WXIN, WTTV
To complete a deal, Nexstar Media Group Inc. and Tribune Media Co. will likely have to sell off one of their Indianapolis stations to comply with FCC regulations.
Heritage Group founder Fehsenfeld remembered as ‘revolutionary builder’
Fred M. Fehsenfeld, who died Nov. 28 at 94, built an Indianapolis-based company that employs 6,500 people around the world in the core industries of environmental and remediation, specialty chemicals and fuel products, and construction and materials.
Digital marketing firm planning downtown expansion
Spur Interactiv announced plans Friday to add 33 employees in downtown Indianapolis by the end of 2022.
WISH-TV reshuffles Daybreak anchoring lineup after loss of Lowrey
WISH, the local CW affiliate owned by Nexstar Media Group Inc., announced Thursday that it plans beef up anchor roles for three existing on-air employees.
Editorial: Lawmakers should work with CIB to fund sports, convention upgrades
But it will be important to see where the Capital Improvement Board sets its priorities before IBJ endorses a final plan.
Auto-auction giant KAR buying European online-auction firm for at least $103M
KAR CEO Jim Hallett said the purchase of Belgium-based CarsOnTheWeb "will instantly anchor KAR in the international marketplace."
Central Indiana existing-home sales show monthly increase
Sales and prices for existing homes were both on the rise in October in the 15-county area, according to the latest data from the MIBOR Realtor Association.
Area builders still seeing rising demand for homes, but pace is slowing
Indianapolis builders saw the smallest monthly increase in applications in the past year in October, and six of the area’s nine counties saw declining permit filings
State police collect unused medicines
Indiana State Police collected more than a ton of expired and unwanted prescription medications Oct. 27 as part of the national “Prescription Drug Take Back” initiative sponsored by the U.S. Drug Enforcement Administration.
Franciscan clinic in Greenwood smaller than originally planned
Franciscan Health has opened an 87,000-square-foot clinic in Greenwood offering urgent care, primary care and specialty care. The clinic, at 1703 W. Stones Crossing Road, opened Nov. 14. It is called Franciscan Health at Stones Crossing. With a price tag of $35 million, it’s the biggest investment for Franciscan in central Indiana since it spent $300 million […]
Memory Bank: Taking the Santa Express at L.S. Ayres
In 1958, L.S. Ayres introduced the Santa Claus Express, an electric train children rode through the store on their way to see Santa.
Editorial: Cigarette-tax hike is an easy call
Business and health interests are calling once again for common-sense legislation to help Hoosiers quit.
Miami-based media company to open Indianapolis office, hire 150 workers
Terraboost Media—which places hand-sanitizer dispensers with poster-size advertisements in businesses—picked the northeast side for its fourth U.S. office.
City-County Council OKs $30M incentive deal with Dow Agro successor
The City-County Council on Monday approved a plan to provide Corteva Agriscience with $30 million in incentives to maintain operations in Indianapolis, but not without reluctance from some council members.
Bidders on state park’s concert stage upgrade go wide of mark, delaying work
New restrooms will be ready for concertgoers at the Farm Bureau Insurance Lawn, but a key portion of the venue’s two-year, $27 million revamp must wait until 2020.
State unemployment rate holds steady at 3.5 percent
Private sector employment in Indiana grew by 3,500 in October over the previous month and is up more than 25,500 over the year, the state said.
New consortium to promote, facilitate investments in state ‘opportunity zones’
Investors who want to take advantage of the “opportunity zones" provision created by last year’s federal tax overhaul are about to receive more help in Indiana.