Longtime Indianapolis Motor Speedway exec departing for Austin track
Mel Harder had been with the Speedway for 22 years, most recently overseeing operations and facilities management for the famed Brickyard.
IBJ Staff
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United Way yet to announce CEO to replace Annala
The search for a replacement for the long-time executive, who steps down April 1, started the middle of last year.
UPDATE: Sensient to cut 125 jobs due to Chicago move
Sensient Technologies Corp. has alerted state officials that it will lay off 125 workers from its Indianapolis operations. That follows the company’s announcement that it plans to move its local Flavors & Fragrances Group headquarters to suburban Chicago.
Home-building permit filings continue to climb
Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent from the same period last year.
Financial woes force local charity to close
Motorsports-focused CARA Charities has ceased operations, the organization announced Monday. Championship Auto Racing Auxiliary Inc. said it was “unable to generate the financial means necessary” to continue supporting the auto-racing community in Indianapolis and beyond.
Greensburg auto-parts plant plans expansion, 200-plus hires
Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
CNO Financial boosts fourth-quarter profit
The Carmel-based holding company for insurance firms reported fourth-quarter 2012 net income of $101.2 million, or 41 cents a share. That was a 57 percent jump over the same quarter in 2011.
Speedway businesses eye gains from IMS upgrade
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
IMS seeks state help for $70M in upgrades
A state senator plans to introduce a bill creating an Indiana Motorsports Investment District that would capture state sales, income and corporate taxes for future investment in the Speedway.
Sensient plans to move Indy headquarters to Chicago
Milwaukee-based Sensient Technologies Corp. said Friday it plans to move its Indianapolis-based Flavors & Fragrances Group corporate headquarters to Chicago before mid-2014.
NFP of NOTE: CICOA Aging & In-Home Solutions
CICOA Aging & In-Home Solutions empowers older adults, those of any age with a disability and family caregivers to achieve the greatest possible independence, dignity and quality of life.
EDITORIAL: ISO gets lift, needs leader
Thanks to the generosity of donors, the Indianapolis Symphony Orchestra has cleared one major hurdle on its path to financial stability. But the biggest challenges lie ahead.
Water, sewer utilities stink up Citizens’ earnings
The biggest contributor to an $11.8 million loss in 2012 was the wastewater unit it bought from the city the year before.
Senators look to sunset city’s ticket, excise tax hikes
Legislator says the recent tax increases aren’t being used for the purpose intended when such increases were authorized in 2009.
Struggling Greenwood biotech firm finds buyer
Elona Biotechnologies Inc., which has been struggling to repay Greenwood for more than $8 million in economic development incentives, says it has solution to its financial problems.
QUICK HITS: More people visit Philly than Indy despite similar tourism budgets
Philadelphia offers strong historical draws and a plethora of downtown restaurants.
Cummins’ earnings, revenue fall on weaker demand
Engine maker Cummins Inc. saw profit sink 30 percent in the fourth quarter as demand for its products fell in both domestic and international markets. Full-year profit and revenue also fell.