Hurco turns quarterly profit on higher revenue
The Indianapolis-based manufacturer received a $4.5 million bump in sales from the businesses of Milltronics Manufacturing and Takumi Machinery Co., which Hurco acquired in July 2015.
IBJ Staff
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Former Whitestown-based builders charged with $1.2M fraud
Police say Gary Ogle, 69, and Robert Fersch, 68, defrauded customers and subcontractors in Hendricks, Marion, Boone and Hamilton counties of $1.2 million.
Records listings for June 27-July 3, 2016
Here are the records listings for June 27-July 3, 2016.
Proxy Corner
Angie’s List Inc., 1030 E. Washington St., Indianapolis, operates a consumer website that reviews and rates local professionals for home, health care and automotive services. In the first quarter of 2016, the company lost $4.0 million, or 7 cents per share, on revenue of $83.9 million. In the same period a year earlier, the company […]
Boozing while biking
Fishers has its first adult brews pedal bike. The Pint Cycle is a 16-person bike similar to The Handlebar Pedal Pub and Pickle Peddler in Indianapolis, where riders pedal to different local establishments and drink along the way. Chris Hutchinson, founder of niche consulting company The CoLab Group, started the business with his wife. The […]
Construction begins on interstate exit
The Indiana Department of Transportation will start work on the Whitestown Parkway exit on Interstate 65 in Boone County this month. The $1.6 million improvement project will add a lane for drivers entering or exiting the highway at Exit 130. Whitestown is covering 25 percent of the cost, and INDOT is providing 75 percent of […]
Carmel, Fishers among richest Midwestern cities
(IBJ file photo) Two Hamilton County communities ranked in the top five wealthiest cities in the Midwest in a new report from personal finance website NerdWallet. Carmel is listed as the second-wealthiest city and Fishers is ranked fifth among municipalities with a population of at least 65,000. Nationally, Carmel ranked 22nd and Fishers is listed […]
Two Statehouse veterans join Krieg DeVault
Krieg DeVault said it has bolstered its governmental affairs practice group by bringing aboard Michael Leppert and Mathew Norris, both previously with Taft Stettinius & Hollister. Leppert will serve as the firm’s director of public affairs, while Norris will be of counsel. Leppert has 26 years of public affairs experience, including 14 in the private […]
UPDATE: City’s second-largest hotel to be sold for $165M
White Lodging Services Corp. and REI Investments have a contract to acquire the 622-room Indianapolis Marriott Downtown hotel, the owner said Thursday.
EDITORIAL: Race officials can’t let up
It’s important to many inside and outside of racing, and to the Indianapolis economy, that the team in charge not let up in seeking the broad audience the Indianapolis 500 deserves.
Judge declines to dismiss $6.5M Andy Mohr jury award
Volvo Trucks North America had requested that the verdict be thrown out, arguing that “no reasonable jury could award damages” based on the evidence presented at trial.
Refrigerated-warehousing firm plans $13.6M expansion, 65 new jobs
Merchandise Warehouse said it will build a 90,000-square-foot, 50-foot-tall addition to its food-grade facility at 1414 S. West St.—a move that will boost its capacity by 25 percent.
Local tax-appeal software firm acquired by San Diego company
AppealTrack, a six-year-old Indianapolis-based firm, has been acquired by San Diego-based software developer Tax Compliance Inc., the companies announced Wednesday.
Pittman Partners drops plans to develop $90M Zionsville project
The decision by Pittman Partners principal Steve Pittman is the latest sign of strife among siblings of Dr. John Pittman, a Carmel developer who died in 2014. Another sibling, Mark Pittman, now is leading efforts to line up an alternative developer.
Republic Airways lands key deal with United Airlines
The agreement is the second with a major air carrier that could help the Indy-based company emerge from bankruptcy.
Pet food maker Blue Buffalo to spend $100M on plant in Richmond
It will be Blue Buffalo’s second plant in the United States and the fourth pet food producer to locate in Wayne County.
Former real estate broker Garden sentenced to six years
David Garden was sentenced to six years in prison Wednesday after being found guilty last month of defrauding homeowners and renters on the city’s south side who were having financial difficulties.
TV blackout lifted for 100th running of Indy 500
Indianapolis Motor Speedway officials announced Wednesday morning that this year’s running of the Indianapolis 500 will be telecast live in the central Indiana market for the first time since 1950 because the race is a sellout.
Existing-home sales, prices climb in central Indiana
Existing-home sales in central Indiana jumped 12.4 percent in April as average sale prices rose slightly and inventory dropped significantly.
Could the Indy 500 be live on TV locally for the first time in 66 years?
Reports say IMS is mulling whether to lift its broadcast blackout if the infield tickets sell out. Reserved seats for the 100th running of the race are already sold out.