The parent of locally based lithium-ion battery maker EnerDel is putting together hundreds of millions of dollars in financing
to fund a business plan that could bring revenue to nearly $1 billion within five years.
Bangladesh-based Grameen Bank, the Nobel Peace Prize-winning financial institution that developed the concept of life-changing
micro loans for the poor, is contemplating opening its third U.S. branch in Indianapolis.
Several Indiana companies are in a position, or soon will be, to launch an initial public offering. But don’t expect a wave
of new Indiana public companies. In the recession, with both revenue and profits down, companies may choose to wait until
they have better numbers to report.
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
New state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest
banks and hurting the smallest.
Indianapolis Economic Development Inc. rebrands itself as "Develop Indy" and moves from the Chase Tower's 19th
floor to the 24th floor.
Ray Skillman bought five car lots in the last 12 months from other dealers who have struggled during the recession. Skillman now ranks among the five largest dealers in the area, and his chain is poised
for even more growth.
Tasked with boosting Indiana’s economy following the Great Recession, the 2010 General Assembly tinkered at the edges
by passing a handful of incentives meant to spur small-business growth.
Officials hope to reschedule flight to Italy for Tuesday to salvage the remainder of planned job attraction and creation trip.
Three Serbian players, two of whom spent time in the NBA, allege Carmel-based Worldwide Associates LLC mismanaged over $12
million.
The wife of Indianapolis businessman Steve Hilbert is working with a team of attorneys to determine whether her deceased mother’s
estate can claim the benefit of a life insurance policy issued by Houston-based American General Life Insurance Co.
Preferred stockholders, owed about $14 million after six consecutive quarters of missed dividends, will elect two new members
to media firm’s board at its July 14th annual meeting.
Conseco expects its write-offs will be worth more than $800 million over the next 20 years.
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169
percent.
The Indiana delegation plans to visit Germany, Italy and the United Kingdom on a job- and investment-attraction mission.
The Indiana Department of Workforce Development last year identified $3.9 million in unemployment fraud.
John A. Kite’s total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
A multi-agency code-enforcement sweep aimed at curbing prostitution and human-trafficking targets 13 massage parlors.
Unsatisfied with the Hoosier Park owner’s reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion
of Chapter 11 bankruptcy into Chapter 7.
In 2007, Nathan Feltman became Indiana's secretary of commerce, replacing his mentor, IBJ Media Corp. co-owner Michael
Maurer. It was a smooth transition.
