Local Kmart closings part of Sears’ ongoing woes
The planned closings of two Kmart stores in Indianapolis are part of a wave of national closures prompted by the ongoing struggles of parent company Sears Holdings Corp.
Jeff Newman
Articles
Ambrose plans $90M distribution development in Plainfield
Ambrose Property Group has acquired 85 acres near the Indianapolis International Airport where it plans to spend $80 million to $90 million to develop two distribution centers as large as 1 million square feet each.
Lykins stepping down as Citizens CEO in 2015
Carey Lykins has been with Citizens for 42 years, including the past nine as president and CEO. He joined the local utility group as a cashier in 1973 when it was known as Citizens Gas & Coke Utility.
LDI acquisition could be latest springboard for growth
Indianapolis-based private investment company LDI Ltd. has acquired a small biotech manufacturer in a deal it says could be the launching point for many more acquisitions.
Former GIPC leader gets 2 years of home detention
The former executive director of the Greater Indianapolis Progress Committee was sentenced to two years of home detention Friday after pleading guilty to four counts of forgery. The plea agreement was approved after Matthew Hendrix turned over a restitution check for $126,356.
State energy trade association replaces longtime leader
The Indiana Energy Association has appointed former Northern Indiana Public Service Co. President Mark Maassel as president, succeeding longtime leader Ed Simcox, the organization announced Thursday.
Opus seeks tax breaks on $10.9M building near airport
A tax-abatement request for the project filed with the city last week said the 434,400-square-foot flex industrial building will be built on a speculative basis.
Remy to spend $32M to settle patent lawsuit
Pendleton-based Remy International Inc. has agreed to pay $32 million to settle a patent lawsuit with an Italian manufacturer that was filed in 2008, the company announced late Thursday.
Melangton leaving Sports Corp. for IMS
Allison Melangton plans to step down as Indiana Sports Corp. president and will become senior vice president of events with Hulman & Co., parent of the Indianapolis Motor Speedway. Ryan Vaughn, chief of staff to Indianapolis Mayor Greg Ballard, will succeed Melangton.
Former Indy Chamber exec joins Old National
Former Indy Chamber President John Myrland has been hired by Old National Bank in the new position of community engagement executive for its Indianapolis region, the bank announced Thursday.
HHGregg hires former Marsh exec as CFO
Indianapolis-based HHGregg Inc. has hired former Marsh Supermarkets executive Robert J. Riesbeck as its new chief financial officer, the appliances and electronics retailer announced Thursday.
Veteran Colts beat writer Chappell joining WRTV
Mike Chappell, who spent 30 years as a sportswriter with The Indianapolis Star before resigning Monday, has joined WRTV-TV Channel 6 as a writer and commentator, the station announced Tuesday morning.
Harlan Bakeries plans $13M expansion in Avon
The company, one of Hendricks County’s largest employers, said the expansion will help it retain 700 workers at its flagship plant
School of Philanthropy at IUPUI appoints new dean
Indiana University has found a successor to Gene Tempel, who is set to step down as dean of the IU Lilly Family School of Philanthropy at IUPUI. The position will be funded through the newly created Eugene R. Tempel Deanship.
Shapiro’s to open restaurant in Fashion Mall
The 4,200-square-foot restaurant will be about 60 percent smaller than Shapiro’s downtown flagship location, but will carry most of the same menu items the deli is known for, plus some new ones.
St. Vincent considers $14M sports performance facility at Marian
Marian University, St. Vincent Health and four amateur sports groups have entered into formal discussions that could result in major developments at the northwest-side campus, the university announced Tuesday.
Bloomington firm wins construction bid for transit center
The IndyGo board of directors on Thursday night chose Bloomington-based Weddle Bros. Building Group LLC to build the planned Downtown Transit Center. Weddle outbid five other companies.
UPDATE: Tech entrepreneur Braun named DWD commissioner
State Rep. Steve Braun, an entrepreneur who sold a publicly traded technology company a decade ago, will take over leadership of the Indiana Department of Workforce Development in late November, Gov. Mike Pence announced Thursday morning.
WISH, WNDY owner appoints new general manager
The owner of WISH-TV Channel 8 has named a well-traveled industry veteran to lead the Indianapolis station through what could be the biggest transition in its history.
Public-transit group hires latest executive director
Andrew Gast-Bray will become the fourth person to lead the Central Indiana Regional Transportation Authority since last August when he becomes executive director Sept. 1.