Former Children’s Museum leader Sterling dies at 81
Peter Sterling, who led the Children’s Museum of Indianapolis through a tremendous period of growth, died Wednesday in Waynesville, North Carolina.
IBJ Staff
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EDITORIAL: Interactive sale to stoke startups
It can be tough to take when an Indiana company sells, but we’ve come to recognize that company sales also stoke what the tech crowd calls our entrepreneurial ecosystem.
Stock swoons at Lids’ parent after company cuts outlook
Shares in Genesco Inc.—parent of Zionsville-based Lids Sports Group—dropped almost 30 percent Thursday after the company reported lower-than-expected sales in the second quarter and downgraded its full-year outlook.
Purdue and Ivy Tech launch aviation-maintenance partnership
A new partnership between the Purdue Polytechnic Institute and the Lafayette campus of Ivy Tech Community College might help fill the employment pipeline for the $100 million-plus jet engine plant that General Electric recently built in Lafayette.
Indianapolis airport traffic on the upswing
For the first seven months of 2016, the airport saw 2.49 million passengers board flights. During the same period in 2015, that number stood at 2.26 million.
Simon part of group trying to save at least 229 Aeropostale stores
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
Competitor snaps up Interactive Intelligence in $1.4B deal
Interactive co-founder and CEO Don Brown said he will leave the company after the sale closes late this year. The all-cash purchase price represents a 36 percent premium to where the shares traded before word of the potential deal leaked this summer.
Subaru supplier to create 32 jobs in Carmel
Moriden America makes cargo systems and interior trim for the auto industry and plans to ramp up production to meet demand from a Subaru assembly plant in Lafayette.
Four men who ran car dealerships indicted on federal charges
Four local men who operated two used-car lots in Indianapolis have been charged with several federal crimes, including conspiracy to commit mail fraud, conspiracy to commit wire fraud, money laundering and interstate transportation of stolen property.
ITT stops taking all new students in wake of federal sanctions
ITT Educational Services Inc. has stopped enrolling students altogether at its for-profit college campuses less than a week after the U.S. Department of Education banned the Carmel-based company from accepting new students who use federal financial aid.
Two downtown office towers change hands in $417M acquisition
The four-building acquisition by Hertz Investment Group includes the tallest office tower in Indiana and the fourth-largest office complex in downtown Indianapolis.
ITT shares plunge 64 percent in wake of federal mandates
Shares in ITT Educational Services Inc. went into a freefall Friday, one day after the U.S. Department of Education banned the company from enrolling new students who receive federal aid. Analysts said ITT isn’t likely to survive the decision.
OneAmerica hires Anthem exec to lead human resources
OneAmerica Financial Partners Inc. has hired Anthem Inc. executive Karin Sarratt as senior vice president and chief human resources officer, Indianapolis-based OneAmerica announced Thursday.
Indiana names 14 ‘Companies to Watch’
Companies to Watch recognizes high-performing, second-stage businesses that are developing innovative products and business practices.
Residential Real Estate: Marketplace
Home sales are up 3 percent. Get the stats for the region, plus see what you can buy for $900,000 and what home sold for the most in the past three months.
UPDATE: Feds ban ITT Educational from enrolling students on federal aid
The decision is a potential death blow to Carmel-based ITT, which derives most of its revenue from federal loans and grants. Its stock was halted Thursday after shares fell 35 percent.
2015 All-Star Real Estate Agents
For the first time in almost a decade, there’s a new group at No. 1 in the IBJ All-Star team ranking: Dennis Nottingham’s Indy Home Pros Team. Meanwhile, there’s a familiar name atop the list of solo agents.
Butler communications exec to join Speedway team
Moving from academia, Matt Mindrum’s immediate priorities will include the marketing campaign for the 2017 Indy 500 and promoting the IndyCar series.
Indy top market in nation for first-time buyers, Zillow finds
A Zillow study found the median home value in Indianapolis is $130,000 this year and the supply of those homes is high. It also found it takes just 11 percent of a buyer’s monthly income to make the average mortgage payment.