Training firm Adayana seeks bankruptcy protection
Indianapolis-based training firm Adayana Inc. said it sought Chapter 11 bankruptcy reorganization this week after two years of unsuccessfully trying to restructure its debts out of court.
Jeff Newman
Articles
Tower would be first big addition to east side of Indianapolis in decades
The proposed Market Square Tower—if it’s built as planned at 28 stories and 370 feet—will be one of the 10 tallest buildings in Indianapolis.
Gene Glick was a soldier, a builder and a philanthropic giant
Gene Biccard Glick, who died at home following a long battle with Alzheimer’s disease, built affordable housing sprawling across 10 states—a business empire that paved the way for tens of millions of dollars in donations to causes ranging from medicine to recreation.
ACLU fires lawsuit at city on behalf of panhandlers
The suit, filed Friday, says four plaintiffs were soliciting donations downtown within the past week when they were asked by city police to cease the activity and leave the area. The plaintiffs were not violating the city’s existing panhandling ordinance, the lawsuit says.
Area home sales decline for first time in 2-plus years
The pace of home-buying has fallen due to higher mortgage rates, rising prices and lower inventories.
Celadon to pay $18.5M settlement over fatal crash
The Indianapolis-based trucking firm has agreed to pay $18.5 million to the families of two men who died in a multiple-vehicle accident involving a Celadon truck driver in northwest Indiana in February 2011.
Local brokerage Goelzer reaches $500,000 settlement with SEC
Indianapolis-based Goelzer Investment Management Inc. has agreed to pay $500,000 to settle SEC charges that it misled many of its clients over a period of 13 years, costing them hundreds of thousands of dollars in trading fees.
Centre Properties escapes foreclosure on 12 properties
Financial terms of the agreements, announced in a written statement, were not disclosed, but the mortgages involve tens of millions of dollars in debt on retail properties spread throughout the area.
Westfield’s sports plan is grand
When it opens next spring, the aptly named Grand Park Sports Campus will be the largest youth sports complex of its kind in the country.
More Hoosiers favor legal pot than Pence’s tax cut, poll says
A new poll of 600 voters by Howey Politics Indiana shows 39-percent approval for Gov. Mike Pence’s proposed 10-percent tax cut. But 56 percent said they favor decriminalization of marijuana.
Steak n Shake pays settlement to former ad agency
Steak n Shake, which last year lost a breach-of-contract lawsuit brought by its former advertising agency, has settled the case rather than let the court decide damages.
Sherry Labs snapped up by Netherlands corporation
The materials-testing business with nearly 300 employees has been acquired by Element Materials Technology. Sherry had been owned by a group of well-connected central Indiana businessmen.
Celadon says new driver-training facility to create 500 jobs
The Indianapolis-based trucking firm first announced plans for the driver-education center in January, but has since expanded the project and employment projections while seeking state incentives.
Fortune can’t explain ‘significant and unusual’ stock swing
Fortune Industries Inc. shares on Monday jumped as much as 285 percent from Friday’s closing price. The New York Stock Exchange found the move and an intense spike in trading volume so odd that it asked the company for answers.
Emmis gains extension on NASDAQ listing
Emmis Communications Corp. shares will remain listed on the NASDAQ exchange at least until Aug. 27 under an extension granted by the well-known stock index.
Angie’s List lands $53 million investment
The privately held firm, which has been raking in private investment since 2005, landed the biggest round of funding in its history from “two of the world’s largest public money managers.”
Logistics firm CEVA to lay off 250 workers in Plainfield
CEVA Logistics U.S. Inc. plans to permanently lay off nearly all of its workers at its warehouse operations in Plainfield,
resulting in the loss of more than 250 jobs.
Music Mill to reopen again under new owner
The Music Mill, a local concert venue, restaurant and bar that has been closed down twice this year by different operators,
has new life. Local entrepreneur Ravi Chopra, 44, who owns the 6 Lounge & Restaurant downtown, announced last
night that he has purchased the Music Mill and plans to reopen it Oct. 12.
Carmel jewelers part of securities fraud probe-WEB ONLY
The state has frozen the assets of three Indianapolis-area businesspeople, including the owners of J.S. Marten Jewelers in Carmel, as part of a fraud investigation, the Indiana Secretary of State’s Office announced late Wednesday afternoon. The state said Dorothy Geisler-Tragardh, formerly a partner in Virginia-based clean-coal energy company Praxis Resource Partners LLC, and jewelers Jan […]