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Indianapolis Business Journal - January 23-29, 2017

$10.00

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In This Issue

Front Page

Survival questions swirl over HHGregg

The company's shares took a dramatic tumble on Jan. 9, after it reported disastrous preliminary sales figures for the quarter ended Dec. 31.

Bill alarms solar-power advocates

Critics say the bill would effectively wipe out a key financial incentive for homeowners and businesses to install rooftop solar systems and windmills.

Dan Dakich might be the nicest, most-hated person on Indy radio

Off the air, the former IU player is casual, mostly easygoing and affable. But on his radio show on WFNI-AM, he’s a cyclone, often tearing into anything in his way.

New Gleaners boss flush with ideas

John Elliott, who took over as CEO and president of the state’s largest food bank in September, has spent the last four months focused on opening the not-for-profit to new ideas that could lead to feeding more people on fewer dollars.


Top Stories

Holcomb opts for team of veterans

All but a handful of the nearly 50 agency heads, cabinet members and key staff members Holcomb has selected worked in either the Daniels or Pence administrations—or both.

Marsh to close store near 53rd and Keystone

Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.

Lilly buying developer of pain-management drugs for $960M

The Indianapolis-based drugmaker's purchase of the biotech firm CoLucid Pharmaceuticals will give it access to a late-stage experimental medication for migraine headaches.

FEIGENBAUM: Lawmakers likely to craft next budget conservatively

Much of the budget in terms of subject areas appears to have largely been carved out given past legislative and current gubernatorial druthers, leaving just a small chunk of cash for discretionary purposes.

Carmel ordering Airbnb hosts to cease operations

The city announced Tuesday that it sent letters to residents who rent out their homes on Airbnb, notifying them that they are in violation of city zoning laws and demanding they cease operations.


Focus

Gas prices heading up after lengthy reprieve, forecasts say

The 2017 increase likely won't be large. But a range of local companies, from logistics providers to auto auctioneers, will be keeping an eye on the situation.

Environmental report finds that toxic emissions are declining

Toxic air emissions from industrial facilities have dropped 26 percent in Marion County over the past decade, but the nation boasted a far larger decline, according to a new report from the U.S. Environmental Protection Agency.


A&E, etc.

DINING: Go beyond the drink menu for tasty grub at new brewpub

Cannon Ball Brewing Co. stands out among recent brew-focused additions.

LOPRESTI: The unlikely nerve center of Indiana high school basketball

John Harrell's spare bedroom is a clearinghouse for the information coaches and fans count on.

LOU'S VIEWS: Reheated ‘Dinner’ brought to the IRT table

You’d be hard-pressed to find a better ensemble cast, with stand-out work from Craig Spidle and Cleavant Derricks as the fathers.


Opinion

MORRIS: Time to come out of our silos for the common good

The walls that have been built over the last eight years need to come down.

McDONALD & SOARDS: Securing a vision for state’s tech future

Expanding and making transferable Indiana’s venture capital investment tax credit is a strong initial step.

MADDOX: Conflicts of interest now acceptable in D.C.?

I am a big believer that the ethics of a business or government operation always start at the top and directly flow down to the worker bees.

BOHANON & STYRING: How can our roads be more like Netflix?

Netflix, a for-profit enterprise, is able to collect enough in fees to keep its network thriving and sustainable.

SKARBECK: Young people must harness the power of compounding

The secret to long-term financial success is “living below your means”—i.e. spending less than you earn while saving and investing the difference.

LETTER: Sisters have touched employees, community

Hare Chevrolet owners are extremely talented, very smart and a joy to be around.

LETTER: VA should respect forest, pick new spot for cemetery

There are other nice areas nearby that would not cost the taxpayers the money for old-growth tree removal, nor cause the VA the negative publicity.

Residents stopped Hustler

The difference between Hustler’s denial and the other two existing adult stores in the area is that concerned residents and business owners got involved here.


In Brief

McCorkle joins High Alpha following post-Salesforce hiatus

Scott McCorkle, who stepped down as CEO of Salesforce Marketing Cloud in August, will be executive in residence at High Alpha, a firm that creates and nurtures enterprise-technology companies.

Celadon planning to add 375 jobs as part of expansion

The Indianapolis-based trucking and logistics company, which is building a $28 million corporate campus in Hancock County, has been approved for almost $3 million in state economic incentives.

Citizens sells liquefied natural gas unit to equity firm

A five-year-old Indianapolis company that supplies liquefied natural gas to trucking companies, manufacturers and other customers is now under new ownership.


Records

Records for Jan. 16-22, 2017

Here are the records listings for Jan. 16-22, 2017.

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