Tempur Sealy to buy Mattress Firm in $4 billion deal
Mattress Firm lists at least 17 retail outlets in Indianapolis and surrounding suburbs.
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O’Malia’s in Carmel buys its longtime showroom
The company has leased the 18,000-square-foot building since 2002 and hopes the purchase—made possible through a small-business loan—will cement it in that location for the foreseeable future.
Indianapolis Cultural Trail to bridge White River in $21M expansion plan
Announced Tuesday, a one-mile expansion project will take Indianapolis Cultural Trail across the White River as part of the planned Henry Street Bridge south of Washington Street.
Elanco first-quarter earnings rise to $103 million, stock climbs
The company reported earnings per share of 45 cents, handily beating Wall Street’s estimate of 29 cents. Elanco shares soared by about 9% Tuesday in premarket trading, to $9.36.
City, historians at odds over how to approach possible Black grave sites at bridge project
The Indianapolis Department of Public Works says work on the bridge will halt if remains are found during construction, and it plans to have an archaeologist on site during construction who would flag signs of burial. But critics are seeking an archeological dig first.
Americans have bet $220B on sports in 5 years since legalization
Two-thirds of the country now offers legal sports betting, with additional states likely to join in coming months or years.
Banks report tougher credit standards in wake of failures
A Federal Reserve report shows that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures. It’s a trend that could slow the economy in coming months.
Fast 25: Linkage Logistics Inc.
Linkage is the intermediary between shippers and trucking companies. It works mostly with grocery, produce, agriculture and equipment companies,
Fast 25: Authenticx
Authenticx filters through millions of its health care clients’ interactions each week—such as recorded audio files, chat files and text files—and uses artificial intelligence and algorithms to find themes in the data.
Fast 25: US Hydrovac Inc.
US Hydrovac practices a method of nondestructive digging that uses water to liquify the ground and a vacuum system to suck it up.
Fast 25: Proteus Discovery Group
Proteus Discovery Group is an electronic data consulting company in the litigation and legal services space.
Fast 25: Process Alliance LLC
Process Alliance works with life sciences, bio-ag and consumer products companies to design chemical processes, oversee construction, manage startups and solve problems in manufacturing facilities.
Fast 25: Factur
Factur helps business-to-business manufacturing suppliers solve sales and marketing challenges.