Merchants’ Square shopping center in Carmel sold to North Carolina-based firm
The sale of Merchants’ Square to Big V Property Group from Jericho, New York-based Kimco Realty closed Monday for an undisclosed amount.
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Machine Gun Kelly, Shaquille O’Neal to share NBA All-Star Weekend bill
Musical performances are planned in conjunction with a special TNT “Inside the NBA” telecast at the Indiana Conventions Center.
Cummins posts quarterly loss but full-year profit
Cummins posted a rare quarterly loss in the fourth quarter, which was largely due to a previously announced $2 billion environmental settlement. The settlement also reduced the manufacturer’s full-year profit for 2023.
NBA set to play on an LED glass court for some All-Star weekend events
Part of All-Star weekend in Indianapolis—including the entire All-Star Saturday Night lineup—will be played on a state-of-the-art, full video LED court that will be installed at Lucas Oil Stadium, the league said Monday.
Butler University planning apartment-style student housing for upperclassmen, grad students
While the 5,763-student university has not yet finalized the details of its plan to accommodate demand for semi-independent and amenity-rich housing, it hopes to secure board of trustees approval by the end of the year.
Riley Green to headline Legends Day concert during Indy 500 weekend
For the third consecutive year, Everwise Amphitheater at White River State Park will host the Legends Day concert.
Lilly sees fourth-quarter profit jump 13%, with strong demand for Mounjaro and Zepbound
The Indianapolis based drugmaker posted net income of $2.19 billion for the quarter. Excluding nonrecurring items, adjusted earnings per share of $2.49 beat the FactSet consensus of $2.30.
Wine and gift shop Vine & Table to close in Carmel
Vine & Table, which opened in Carmel in 2007, was founded by Joe Husar, the owner of Kahn’s Catering. Husar sold the business in 2016 to Big Red Liquors.
Developer, neighbors reach last-minute deal on $61M apartments project north of Broad Ripple
The agreement between J.C. Hart Co. and residents of the Oxbow Estates and Spirit Lake condominiums cleared the way for the City-County Council to unanimously approve a rezoning of the former Willows Event Center property.
Regions Tower owners face $75M foreclosure suit after missing loan deadline
In addition to its foreclosure demand, Wilmington Trust has requested the appointment of a new receiver for the 685,000-square-foot, 36-story property.
Labor official says Dartmouth basketball players are school employees, sets stage for union vote
A National Labor Relations Board regional official ruled on Monday that Dartmouth basketball players are employees of the school, clearing the way for an election that would create the first-ever labor union for NCAA athletes.
Massive Indiana plant included in $16.5B Catalent acquisition
The Catalent biologics campus covers 62 acres and has four buildings totaling almost one million square feet. The facility was opened by Cook Pharmica in 2004 and acquired by Catalent in 2017.
Inari raises another $103M for gene-editing technology, but legal dispute looms with Corteva
The Boston-based biotech company with large operations in Indiana has raised more than a half-billion dollars over its eight-year history.
Tickets available for free All-Star Tip-Off event
The event, scheduled for Feb. 15 at 6 p.m. at Bicentennial Unity Plaza, is free and open to the public, but only 5,000 tickets are being distributed.
Some Americans saddled with credit card debt as rent, everyday prices remain high
Economists and experts see rising delinquencies as one of the growing risks to the economy this year, especially if student loans become too much for younger, debt-burdened Americans to handle.
Energizer to close Franklin facility, cut 64 employees
The Franklin facility also saw major job reductions in October, when Energizer ceased its packaging operations at the site.
Indiana-based Haynes International to be acquired for $970M
The 112-year-old manufacturer, which is one of the largest public companies in the state, has agreed to be acquired by North American Stainless in Ghent, Kentucky.
Indianapolis to host World Food Championships in November
The competitive event featuring 1,500 home cooks, professional chefs and BBQ teams is scheduled Nov. 8-12 at the Indiana State Fairgrounds.
California-based jeweler opening first Indiana store at Fashion Mall
Founded by the husband-and-wife team of Jason and Gorjana Reidel, the chain began its expansion in 2017 and now counts more than 60 stores nationwide.
Elanco to sell aqua business to Merck for $1.3B
Elanco Animal Health said it has agreed to sell its aqua business to Merck Animal Health, a move that allows it to pay down some of its debt load and invest in new pipeline products.
