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Wheeler Mission lands $1M grant to help with expansion
Wheeler Mission Ministries Inc. said Wednesday that it has received a donation from the Nina Mason Pulliam Charitable Trust that will allow it to start construction on a new facility next to its shelter at 520 E. Market St. in downtown Indianapolis.
Real estate developer, philanthropist Glick dies at 92
Eugene Biccard Glick built a fortune as a residential real estate developer before becoming better known as one the city’s most generous philanthropists. The Indianapolis native and World War II veteran died Wednesday.
City delays decision on Broad Ripple project
Due to absences on the Indianapolis Metropolitan Development Commission, attorneys for both sides of the issue on Wednesday agreed to continue the controversial rezoning request to the group’s Oct. 16 meeting.
Izod dropping IndyCar Series sponsorship
The apparel brand Izod is dropping its partnership with the IndyCar Series after the conclusion of the 2013 season, leaving the open-wheel racing series without a title sponsor.
Auction lands $2.1 million for Elona Biotech assets
Elona went into receivership in June after Greenwood officials filed a foreclosure lawsuit against the firm. The company failed after receiving more than $8 million in economic development incentives from the city over the past three years.
Finish Line shares surge after jump in profit
New products from apparel makers such as Nike helped drive up earnings 6.1 percent in the fiscal second quarter, the Indianapolis-based retailer announced Friday morning. A deal with Macy’s also is paying off.
Reverse commuter route launches on northwest side
There’s a new reverse-commute bus route connecting the northwest side of Indianapolis with major employers in west Carmel.
Old-line manufacturer poised to close for good
A manufacturer that has roots in Indianapolis dating to 1924 plans to permanently cease operations in late November unless it can find a buyer for the business.
Investment rep fined over disclosure rules
A Bartholomew County investment representative will pay a $20,000 fine under an agreement with regulators over allegations he failed to make proper disclosures in research reports.
PROXY CORNER: KAR Auction Services Inc.
KAR Auction Services Inc., 13085 Hamilton Crossing Blvd., Carmel 46032, is the holding company for ADESA Inc., which operates used-vehicle auctions at 67 locations; Insurance Auto Auctions Inc., which operates salvage auctions at 163 locations; and Automotive Finance Corp., which provides floorplan financing at 104 locations.
IndyCar to run road race at Speedway in May
The unusual move will mark the open-wheel series’ first race on the hallowed track’s winding interior course. And it’s the highest-profile break from tradition yet in the tenure of new Hulman & Co. CEO Mark Miles.
Paul Estridge Sr., founder of home builder, dies at 79
The Broad Ripple High School graduate took a flyer on building custom homes in 1967 and created an empire in the city’s northern suburbs.
Local manufacturer with 100 workers set to close
CMW International LLC, which has roots in Indianapolis dating to 1924, said all 100 of its employees would lose their jobs if a buyer wasn’t found before Nov. 23.
Nestle picks Anderson for $72M plant expansion
Nestle USA plans to invest $72 million to add a seventh production line to its plant in Anderson, the beverage maker announced Tuesday.
Tech firm plans to axe 54 workers in Carmel
Stamford, Conn.-based Frontier Communications Corp. said it has automated a number of systems at its collection center at 11799 N. College Ave. and will no longer need the workers.
Butler’s $2.9M grant to create new kind of science museum
The university's Center for Urban Ecology will use the federal money to create sites along six Indianapolis waterways that will educate the public about the city’s water system.
State loses jobs; unemployment rate declines to 8.1 percent
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.