Area home sales stabilize after rough year
The number of home-sale agreements for the nine-county area in October rose a grand total of two from 2,170 in the same month last year. Sale prices, however, made strong strides.
Mason King
Articles
Biotech firm Algaeon switches gears, stays in Indy
After planning a move to Westfield, Algaeon Inc. has instead leased new space in Indianapolis for a research and production facility. Planning 25 hires, it is seeking a tax break from the city on $4.9 million in new equipment.
Target to close Castleton store
Eleven underperforming locations in all will be eliminated by the Minneapolis-based retailer, it announced late Tuesday.
Job cuts to hit Rolls-Royce operations in Indianapolis
The global firm is planning 2,600 job cuts over 18 months, primarily in its aerospace division. Its Indianapolis operations, which employ about 4,500 people, are devoted mostly to civil and defense aerospace work.
Indy-based Vertellus acquires chemical maker in U.K.
The addition of Pentagon Chemicals UK Ltd. could add at least $75 million in revenue to the top line of Vertellus Speciaties Inc., one of the largest private firms in Indianapolis.
Eli Lilly donates $12.7 million to United Way
The donation represents the giving of employees and retirees of Lilly and Elanco Animal Health in the U.S. and Puerto Rico, plus a matching contribution from the Lilly Foundation.
Cummins shares get spark from strong third quarter
The Columbus-based manufacturer of heavy-duty engines saw profit jump 19 percent on stronger sales in North America and abroad.
Angie’s List plans big expansion with $25M in public help
The struggling consumer-review firm plans to spend some $40 million to expand its headquarters campus on the east side of downtown and create 1,000 jobs with the help of more than $25 million in state and city incentives.
MacAllister seeks $2.7M tax break from city on HQ project
The Indianapolis-based distributor of Caterpillar equipment is planning a 300,000-square-foot campus on the southeast side and 70 hires over five years.
Food maker to spend $43.9M to re-equip Lebanon facility
Canada-based Skjodt-Barrett Foods plans to hire 97 more workers by 2017 at its Boone County operations, established in late 2011.
Star snags national sportswriter as new columnist
Gregg Doyel, a columnist for CBSSports.com and former writer for the Miami Herald and Charlotte Observer, will begin work in Indianapolis on Oct. 20.
Butler hoops coach to take leave of absence
Brandon Miller, men's basketball head coach, will be taking a leave of absence for medical reasons just as the team begins practice for the 2014-15 season.
Lilly Endowment pledges $22.5M for early-education programs
The funds will help providers around Indiana improve curricula, build classrooms, educate parents about the importance of high-quality child care and education, and support professional development for teachers.
Solana apartment complex sells for $60.5 million
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
Angie’s List to pay $2.8M in membership-fee settlement
The settlement stems from a 2012 lawsuit alleging that the consumer-reviews firm renewed members at a higher rate than they were led to believe.
Second solar farm slated for Indy airport
Airport officials have agreed to lease about 76 acres of land at the airport to the same private developers who created the current, 44,000-panel field by the Interstate 70 exit.
Indy housing market stumbles to glum milestone
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
Former Butler President Bobby Fong dies at 64
Fong, who presided over a period of enrollment growth and national renown at the Indianapolis university, died Monday morning of natural causes.
Mortgage firm to expand to Westfield, add 360 jobs
California-based Carrington Mortgage Services said Thursday it plans to spend $3.2 million to open an office in Westfield. In addition to the new hires, about 180 employees in Fishers would move to the Westfield location.
Lowe’s seeks $500K tax break from city on customer center
The home-improvement retail giant plans to hire 1,000 workers for the center at Intech Park on the northwest side. The jobs would pay an average hourly wage of about $16.