The Indiana Utility Regulatory Commission on Wednesday shot down the bulk of a plan by Indianapolis Power & Light to charge ratepayers $16 million for costs involving a proposed all-electric car-sharing service called BlueIndy.
Precise Path Robotics Inc., the locally based maker of robotic lawn mowers co-founded by entrepreneur Scott Jones, has been sold to one of the country's largest manufacturers of outdoor power equipment.
Sun King Brewing Co. said it plans to quit distributing beer outside of the Indianapolis metropolitan area because it is close to hitting the state’s 30,000-barrel-a-year production limit at its downtown brewery.
Indianapolis-based TPG Marine Enterprises LLC announced Thursday that it has acquired Chicago Dry Dock, a shipyard near Lake Michigan founded in 1979.
Distribution business HP Products Corp., a 450-employee company founded in Indianapolis in 1964, is now owned by Virginia-based Ferguson Enterprises Inc., the companies announced Tuesday.
John K. Marcum, 50, was taken into custody Thursday after a federal grand jury indicted him on charges of criminal wire fraud, securities fraud and money laundering.
William G. Mays, who built one of the nation's largest minority-owned companies and saved one of its oldest African-American newspapers, died Thursday in Indianapolis on his 69th birthday. “Indianapolis has lost a titan of industry and philanthropy,” Mayor Greg Ballard said.
The office building is part of a planned 15-acre development near the Fashion Mall that includes offices, apartments, a hotel and retail space. The Gene B. Glick Co. is a possible tenant.
Weekends Only Furniture Outlet, which has five stores in the St. Louis area, plans to make its first expansion outside of its home market by opening a 92,000-square-foot store in Castleton.
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.