Allison shares rise in first day after expanded IPO
Allison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer raised more than sought in its initial public offering.
IBJ Staff
Articles
Building-permit activity rises in February
The nine-county Indianapolis area rebounded from a slow January to post a 40-percent year-over-year increase in building permits last month.
Annual profit, revenue rise for Noble Roman’s
Noble Roman’s saw royalties and fees from traditional franchises decrease last year, but royalties and fees from non-traditional franchises increased, and the company saw more growth from take-n-bake products.
Local graphics firm Pratt acquired by Minnesota company
Pratt Corp., a 66-year-old Indianapolis-based retail graphics firm that saw ambitious expansion plans come up short during the recession, has been acquired by Vomela Group of St. Paul, Minn.
Butler eyes move to Atlantic 10, ESPN says
A spokesman for the university said it has not entered into “formal talks” with anyone about switching conferences. Butler has been an inaugural member of the Horizon League since its founding as the Midwestern City Conference in 1979.
Area home sales stay on upward path in February
Purchase agreements in the nine-county area tracked by F.C. Tucker hit 1,728, a 14.7-percent increase over February 2011. The increase marked the 10th straight month of year-over-year improvement.
Mass Ave restaurant plans clear first hurdle
The city’s Historic Preservation Commission has approved rezoning and variance requests for two buildings sought by the owners of Broad Ripple’s Brugge Brasserie just south of the intersection of Massachusetts and Park avenues.
Developer breaks ground on Bush Stadium project
The project by developer John Watson’s Core Redevelopment calls for preserving the stadium’s historic façade and shell as part of the 131-unit Stadium Lofts apartments, along with an adjacent 132-unit apartment community called Stadium Flats.
Activist trying to fill gaps in hunger-relief system
Hunger-fighting charities hope to tap volunteers and resources for special projects through a new entity, the Indy Hunger Network.
EDITORIAL: Online medical consults worth trying
Like it or not—and most of the time we like it—technology has changed the world we live in.
NFP of NOTE: Social Health Association of Indiana Inc.
Social Health Association of Indiana fosters successful lives by encouraging youth to make responsible choices and adopt healthy behaviors.
Maker of truck bodies plans to add up to 350 jobs in Goshen
Supreme Industries said it will invest nearly $8 million to refurbish and equip facilities on its 100 acre-campus in Elkhart County.
Home Health Depot plans to add up to 80 jobs
The medical equipment company said it will invest $1.4 million to expand its headquarters on the north side of Indianapolis and its customer-fulfillment operations across the state.
Emmis plans to appeal looming NASDAQ delisting
Emmis Communications Corp. has failed to comply with requirements to remain on the NASDAQ exchange, but the Indianapolis-based media firm said it plans another attempt to avoid being delisted from the well-known stock index.
AIT Labs exec succeeding founder Evans as CEO
The promotions of several executives follow the Indianapolis-based clinical testing company’s announcement in January that it was cutting jobs and restructuring its business.
Citizens Energy projects bigger savings from deal
Cost-savings tied to the purchase of the city’s water and sewer utilities are also expected to be realized sooner than predicted.
Lockhart Automotive moves Cadillac dealership to Fishers
The car retailer, rebounding from the discontinuation of some of its brands, is repurposing its former Hummer dealership.
Ener1 reorganizing; Bright Automotive folds
Both firms appeared a few years ago to be poised to hire thousands of workers. But they slid into a tailspin as anticipated funding failed to materialize and the market prospects for hybrid and electric engines dimmed.