Book distributor to terminate 147 employees in local closure
The country’s largest book distributor plans to close its distribution center on the northwest side of Indianapolis, resulting in 147 job losses.
IBJ Staff
Articles
EDITORIAL: Anthem’s silence about Indy HQ is cause for self-reflection
Anthem Inc.'s refusal to confirm it plans to keep its headquarters in Indianapolis serves as a stark reminder to government and corporate leaders of the fragility of corporate headquarters.
Flaherty & Collins plotting $75M project in Cleveland
Flaherty & Collins, which is wrapping up its $120 million 360 Market Square apartment project in Indianapolis, has reached a development agreement for a $75 million mixed-use project in the Cleveland suburb of Cleveland Heights.
KAR to spin off salvage unit into new public company
Carmel-based KAR Auction Services Inc. on Feb.27 said it plans to spin off its Insurance Auto Auctions salvage auction unit in the next year, creating a separate publicly traded company. The separation is designed to “increase shareholder value and focus each company’s strategic priorities on its respective marketplace and unique customers,” the company said in […]
KAR Auction’s proposed spinoff to be headquartered in Illinois
The Carmel-based company plans to separate its Insurance Auto Auctions salvage auction business unit within the next year to create a separate publicly traded company.
KAR to spin off Insurance Auto Auctions unit, creating separate public firm
Carmel-based KAR Auction Services Inc. on Tuesday afternoon said it plans to spin off its Insurance Auto Auctions salvage auction business unit within the next year. The unit accounted for 34 percent of KAR’s revenue last year.
Carmel’s zoning board approves proposed mosque in 3-2 vote
The decision came after a five-hour meeting attended by hundreds of people at the Palladium concert hall, including almost 200 attendees who spoke in favor and against the project.
Emmis shares jump on $60M sale of St. Louis stations
Indianapolis-based Emmis Communications Corp. said it will use proceeds from the sales to pay down debt.
Brown closes Mass Ave eatery, plans new restaurant project with Oesterle
One day after shutting down his upscale southern European eatery in the Mass Ave district, local restaurateur and chef Neal Brown disclosed he was moving on to an even bigger project in partnership with former Angie’s List CEO Bill Oesterle.
Community theater group losing Clay Terrace performance venue
The group has been putting on plays at a space in Carmel’s Clay Terrace shopping center for more than eight years, thanks in large part to the largesse of the landlord. Now it needs to find a new home.
Kitchen equipment maker plans $7M renovation, 75 jobs
The city’s Metropolitan Development Commission on Wednesday approved a personal property tax abatement to support CaptiveAire Systems Inc.’s expansion plan.
EDITORIAL: Public deserves details about $1B health project
The project is too big and too important in its potential size, location and services for the public to be in the dark about exactly what will be located on the site—especially as local officials prepare to start debating zoning changes that could make it possible.
Robust international sales give Cummins big boost
The company said demand for medium- and heavy-duty trucks in China increased 40 percent in 2017, in part because government enforcement of vehicle-overloading regulations accelerated truck replacements.
Indiana’s ports in 2017 saw near-record shipments
The Ports of Indiana says it handled 11.8 million tons of cargo in 2017, the second-highest annual shipment total in its 57-year history.
GE engine factory in Lafayette feeding roaring global demand
The Lafayette facility—along with factories in Durham, North Carolina, and France—produces the LEAP, a brand-new engine that GE says has the distinction of being the fastest-selling jet engine in commercial aviation history.
ISO hires former Omaha Symphony, New York Pops leader as CEO
James Johnson will take over the largest arts-related employer in Indiana, where he’ll oversee 55 administrative staff members, 74 full-time musicians and a $26 million operating budget.
Area home builders see big spike in demand in new year
It was the busiest January for builders since 2007, according to figures reported Monday by the Builders Association of Greater Indianapolis.
Judge rules in favor of Emmis in sexual harassment lawsuit
Judge Jane Magnus-Stinson found that former employee Kristine Esser Slentz "failed to demonstrate that the alleged harassment was severe or pervasive enough to rise to the level of a hostile work environment.”
Noblesville fine-dining fixture closing its doors
The Hamilton Restaurant, which husband-and-wife-team Clyde Worley and Vanita Clements opened in 2002, will stop serving by the end of the month.
High-end chocolate retailer latest to abandon Circle Centre
One of Circle Centre’s original tenants is preparing to close, more than 22 years after entering the Indianapolis market with the downtown store.