Celadon shutdown to create shipping headaches for Fortune 500 firms
The company moved goods for many well-known companies, including Alcoa, General Electric, John Deere, Philip Morris, Procter & Gamble, Target and Walmart.
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Trump, Dems in tentative deal on North American trade pact
The new, long-sought trade agreement with Mexico and Canada would give both Trump and his top adversary, House Speaker Nancy Pelosi, a major accomplishment despite the turmoil of his likely impeachment.
Big Ten football title game draws near-record crowd
The contest was only the second deemed to be a sellout by the Big Ten in the title game’s history. The other came in 2015 when Michigan State played Iowa in a battle that featured two teams ranked in the top five.
Nestle to spend $200M to expand Anderson plant, hire 30 workrs
The company is asking the Anderson City Council for a tax break as part of a plan to install new equipment at the factory along Interstate 69.
Supreme Court leaves Kentucky’s ultrasound law in place
Planned Parenthood of Indiana and Kentucky Inc. is among the organizations that have petitioned the courts in opposition to the ultrasound law.
IPL to retire two of its four remaining coal-fired power units by 2023
The Petersburg Generating Station, about 120 miles southwest of Indianapolis, has been called a “super polluter” by environmental groups, with violations for excess sulfur dioxide, nitrous oxide particulate matter and sulfuric mist.
Alaska Airlines adding seasonal flight from Indy to Seattle
The flights from Indianapolis International Airport to Seattle-Tacoma International Airport begin May 21. They will feature local departure times of 8 a.m. and local arrival times of 6:30 a.m.
CFO of the Year 2019
Private Companies | Public Companies | Not-For-Profit/Government IBJ honors top financial executives IBJ launched its CFO of the Year recognition program in 2008 to spotlight the crucial role that top financial executives play in helping Indiana companies, government agencies and not-for-profits develop strategy and flourish. This year’s class is a diverse group that includes CFOs […]
Apex Benefits says it’s buying office building, adding up to 55 jobs
The employee-benefits consulting and brokerage firm said it is investing $6.7 million to acquire and renovate a 30,000-square-foot office building on the north side of Indianapolis.
IBJ Podcast: Butler prez talks university’s finances, future as challenges loom
Butler University President James Danko tells podcast host Mason King that the school is taking seriously the financial stressors hitting small, private colleges and expert predictions that many could go bankrupt in the next 10 to 15 years.
UPDATE: Celadon ceasing operations, eliminating nearly 4,000 jobs
| Greg Andrews and Susan Orr
CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome.
Controller Qaddoura to leave Hogsett administration, run for state Senate
City Controller Fady Qaddoura is set to leave his job with the city at the end of the year. Part of his plans include a run for political office.
Indiana lawmakers looking at state’s high health care costs
Indiana currently ranks highest in prices paid to hospitals by private health insurance plans, according to The Journal Gazette, but the problem is not the actual cost or charge of a procedure—it’s what individuals ultimately pay after insurance.
Purdue University planning new bands, data science buildings
The $20 million Bands and Orchestra Building and the $40 million Data Science Building will be among a string of tech-related construction projects by Purdue.
Electricity provider planning more Indiana solar farms
The Indiana Municipal Power Agency said it now has 21 solar farms generating electricity around the state and is building more at it aims to have half of its power coming from renewable sources by 2030.
White Lodging drops $356M Indiana project after incentives nixed
White Lodging pitched its plan last year for a complex including an event center, four hotels, an office building, condos, restaurants, a craft brewery and a 30,000-square-foot horse-riding arena.
Trucking giant Celadon preparing to file bankruptcy
The Indianapolis-based company lost its way after founder Stephen Russell gave up the CEO’s role in 2012, and three of its former executives now are facing fraud charges.
Randall Shepard: Indiana’s civic health is strong—except in voting
Our performance has been below the national turnout since about 1990.
Richard Feldman: Marijuana should be treated more like alcohol
The acceptance clearly crosses political party lines, evidenced by the states that have passed legalization statutes and referendums.
Michael Leppert: The Red for Ed rally changed the context of 2020
Holcomb will need to overcome a legacy of choices that have led us here, many of which preceded him.