Area existing-home sales drop on rising prices, low inventory
Sales of existing single-family homes decreased 4.5% in central Indiana in November—ending a two-month streak of increases.
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Champagne and shoes: Luxury stores adapt to changing shopper
New entrants have disrupted the luxury sector by creating different channels to attain the seemingly unattainable. For luxury department stores that once had a lock on where the well-heeled could shop, that has forced them to reimagine their approach.
Onyx+East, storage company plan new development in Lockerbie
Onyx+East has partnered with Extra Space Storage to redevelop the block at the southeast corner of North and Fulton streets with new residences and a six-story storage facility. The project will require the demolition a nearly century-old building.
Carmel names woman fired earlier this year as city’s first controller
Ann Bingman, director of internal controls for the Carmel Clerk-Treasurer’s Office, will become the city’s controller starting Jan. 1. Carmel Mayor Jim Brainard announced the appointment Monday.
Town saw promise in virtual charter schools, but then things unraveled
The downfall of Indiana Virtual School and Indiana Virtual Pathways Academy placed Daleville Community Schools under a microscope.
Indiana utility paying $1 million fine over hiring complaint
A major Indiana utility company has agreed to pay a $1 million fine in settling a federal complaint that it discriminated against some 1,500 female or black job applicants.
Medical device tax is history, ending years of frustration for Indiana companies
The repeal ends a 2.3% tax on thousands of medical devices, from stents and catheters to pacemakers and MRI machines. Indiana is home to 155 device-makers, ranging from small metal shops to multibillion-dollar manufacturers.
Three new Carmel-area restaurants bringing eclectic mix to market
A trio of new restaurants are in the works for Carmel, including a replacement for Bub’s Cafe and eateries featuring South American and Asian cuisine.
2020 Book of Lists – Printed Version
The Book of Lists is an annual compilation of the weekly Top 25 Lists from 2019 featured in IBJ. The 2020 book contains 73 lists. It is the single most comprehensive resource publication on Indiana businesses.
City promotes chief information officer to controller
Ken Clark, who joined the city’s Information Services Agency in 2013, will replace controller Fady Qaddoura, who is stepping down from the position at the end of the year.
Slump in aircraft production brings down orders for durable goods
Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in six months in November, led by a large decrease in orders for defense aircraft and parts. But a closely watched category that tracks business investment ticked up 0.1%.
2020 Book of Lists – Excel
The Excel format of 86 lists published in the Indianapolis Business Journal in 2019
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Boeing CEO to step down amid ongoing Max 737 troubles
The Boeing board said a change in leadership was necessary to restore confidence in the company as it works to repair relationships with regulators and stakeholders.
China announces tariff cuts, more competition in markets
The latest step is intended to “promote the coordinated development of trade and environment,” the official Xinhua News Agency in China said.
IBJ Podcast: Rick Eichholtz talks about the closing of Ike & Jonesy’s
Rick tells podcast host Mason King about how he became a bar owner, what his dad thought about the idea, and how he feels about Ike & Jonesy’s closing after more than three decades.
Mudbugs Cajun Cafe closing in Carmel after nearly 13 years
The founders and owners said the restaurant in Carmel’s Arts & Design District will be replaced by a family-owned restaurant that will serve Mediterranean cuisine.
Catalog retailers see reason for optimism after declines
A catalog-industry rebound appears in the works, fueled in part by what might seem an unlikely group: younger shoppers who find it’s sometimes easier, more satisfying and even nostalgic, flipping pages rather than clicking links.