Indiana unemployment rate drops to 8.4 percent
Indiana’s unemployment rate took a sizable dip in February, falling to 8.4 percent, as new jobless claims hit a seven-year low.
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Sale of Fortune Industries would take company private
The company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
LEADING QUESTIONS: Foodie rebukes allure of ‘Plan B’
What did the founder of Cafe Patachou learn from Butler's Brad Stevens? Why not try franchises? Martha Hoover responds in Part II of her IBJ interview.
Finish Line launches running venture, reports strong sales
The Finish Line Inc. will partner with a private equity firm to expand its specialty running shops and develop Run.com, the Indianapolis-based retailer said Friday. The company also reported strong fourth-quarter earnings, but its outlook sent shares tumbling.
Deal allows Lugar to move Indiana voter registration
Indiana Sen. Richard Lugar will switch his voter registration to his family farm in resolving a dispute with local election officials who ruled that he couldn't vote using the address of an Indianapolis home he sold in 1977.
IHSAA to make 11-stop tour to debate class system
Indiana High School Athletic Association Commissioner Bobby Cox and state Sen. Mike Delph have announced an 11-stop statewide tour to discuss Indiana's class basketball system.
City narrows field of contenders vying to develop Mass Ave parcel
A midrise mix of apartments and first-floor retail is the most likely replacement for a 1.45-acre Mass Ave parcel occupied by the Indianapolis Fire Department.
Techies pressing again for direct Silicon Valley flights
High-tech firms have been clamoring for a couple of decades for nonstop flights between Indianapolis International Airport and California’s Silicon Valley. One of Indiana’s tech icons made it clear recently that the need is as urgent as ever.
Tax caps zap schools in Zionsville; Lebanon district awash in cash
Changes made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools in neighboring blue-collar Lebanon are in solid financial shape.
Ex-grocery exec Danny O’Malia providing service advice to sports franchises
Danny O’Malia, longtime leader of his family’s Indianapolis-based grocery store business, now offers his customer-service-driven advice through his own consulting firm.
Developer, contractors brawling over FBI construction project
The developer and contractors who built the FBI’s new $39 million Indianapolis field office, just north of Castleton Square Mall, are squabbling in court a year after wrapping up work on the project.
Indy lab company secures $30M seed investment
Indianapolis-based Strand Diagnostics LLC will receive up to $30 million in investment capital over the next three years from Los Angeles-based NantWorks LLC, a seed-stage investment firm, the companies announced this week.
Brainard seeks deal on maxed-out TIF
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
Cummins lures job candidates with virtual tour app
The idea is to send middle and high school students the message that there are plenty of jobs in engineering.
Penn Arts owner buys historic apartment building
The Piccadilly, at 16th and Pennsylvania streets, will undergo a historically sensitive renovation of its 58 units.
PROXY CORNER: MainSource Financial Group
Greensburg-based MainSource Financial Group is the holding company for MainSource Bank, which has 80 offices in Indiana, Illinois, Kentucky and Ohio.
KIM: ‘Price is what you pay; value is what you get’
It is impossible to make an intelligent assessment of the investment merit of an asset without accounting for its price.
DINING: New eatery turns City Market diners into Artisan partisans
First in a month-long series of reviews of eateries in and around City Market. This week: Fermenti Artisan.