Fairbanks awards $1.6M to local Teach for America
The Indianapolis-based Fairbanks foundation will award the funds over three years to help Teach for America recruit and train teachers to teach in the city’s public school system.
IBJ Staff
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MDC approves CIB’s sale of building to Steak n Shake
The Metropolitan Development Commission on Wednesday approved a resolution allowing the Capital Improvement Board of Marion County to sell the Ober Building in downtown Indianapolis to the Steak n Shake restaurant chain.
Cummins distributor plans to add 75 jobs in Indianapolis
Indianapolis-based Crosspoint Solutions LLC, a manufacturer of electric auxiliary power units, plans to hire the workers by 2016 as part of a $935,000 expansion.
Stonegate Mortgage acquires Florida firm
The Indianapolis-based mortgage company has entered the Florida market with its purchase of NattyMac LLC in St. Petersburg.
Emmis pays $2.8M in employee bonuses after station sale
When Emmis Communications Corp. sold a Los Angeles radio station for $85 million last month, it was good news for every employee at the Indianapolis-based media company.
Symphony, musicians resuming labor negotiations
The two sides are set to resume negotiations at about noon Wednesday in an attempt to reach an agreement on a new contract. The previous agreement expired Sunday.
Mayor lifts city’s water-use restrictions
Beginning Wednesday, city residents can water their lawns, wash their cars and fill swimming pools without facing fines. Fishers also lifted its conservation order, effective Saturday.
Fishers company loses Marilyn Monroe court appeal
CMG Worldwide, an intellectual property licensing firm in Fishers, has lost a federal court appeal related to ownership of iconic images of Marilyn Monroe.
PROXY CORNER: First Merchants Corp.
Muncie-based First Merchants Corp. operates 79 branches in 24 Indiana counties and two Ohio counties.
WXIN adding an hour of news at 6
The Fox affiliate will go head to head with rivals at prime news hour as it continues to increase local programming.
Lake Wawasee house sale is largest of year for local listing service
Encore Sotheby’s local office represented seller in the $3.8 million sale to a local buyer.
EDITORIAL: Braly ouster overstates failures
Investors heaped criticism on former WellPoint Inc. CEO Angela Braly and called for her ouster in the weeks leading up to her resignation Aug. 28, but her leadership of the health-insurance giant might not be judged so harshly once the smoke clears.
FedEx Ground eyeing Zionsville for distribution center
FedEx would bring a distribution complex to Zionsville under a tax increment financing deal hammered out with town redevelopment commission members on Wednesday.
Lock-up expiration looming for ExactTarget
Shares of Angie's List and Facebook were battered earlier this month immediately after the expiration of their lock-up agreements. That’s something tech firm ExactTarget would like to avoid on Sept. 17, when its lock-up agreement expires.
TIF district expansion proposal gets committee OK
A proposal that would expand a downtown tax-increment financing district to the northeast and northwest was approved Monday by the City-County Council's Metropolitan and Economic Development Committee.
Records for 55,000 patients stolen from oncology group
The Cancer Care Group in Indianapolis said a laptop computer bag containing private information on as many as 55,000 patients has been stolen.
Fortune Industries founder, chairman dies
Carter M. Fortune, 70, died Saturday at his home in Destin, Fla., the company said. The Fortune Industries chairman had been in the process of selling the public company to management in a deal valued at $30.5 million.
Utilities to get bill for damaged grid-control room
A Carmel not-for-profit that monitors the electric grid in 11 states and part of Canada plans to pass on to its member utilities and transmission-line operators $5.4 million in costs resulting from damage to its local data center last September.