Software startup Costello acquired by fast-growing Atlanta firm
SalesLoft plans to maintain Costello’s Indianapolis office—albeit with new branding—and keep all 11 of its employees.
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Voters deciding Indiana mayoral races, fate of new casino
Voters across Indiana are casting the final ballots to decide who will fill dozens of mayoral offices, with Republicans and Democrats wrapping up competitive campaigns in several cities.
Arbor Homes expands into Louisville market with acquisition
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
As McDonald’s CEO learned, workplace romance can be perilous
Increasingly, U.S. companies are adopting policies addressing workplace romances, a trend that began well before the #MeToo movement galvanized a national conversation surrounding sexual misconduct.
In first major project since Waterside exit, Ambrose plans logistics center campus in Mount Comfort
The Indianapolis-based firm on Tuesday broke ground on a $78 million, 508,104-square-foot building—the first of four planned structures as it shifts focus to industrial development.
Schools, coaches more willing to fight NCAA allegations
When schools run afoul the Indianapolis-based NCAA, they no longer blindly accept whatever punishment is meted out. Even those that suggest or levy self-punishments often close ranks, hire outside counsel and vow to fight.
Gambling firms see $7B-$8B sports betting market by 2025
Participants at the forum cautioned that while the industry is growing quickly, the high cost of acquiring customers and promoting a new business could lead to some current operators failing.
Trump administration eases Obama-era rules on coal pollution
Monday’s change would loosen some of the requirements for cleaning up the waste streams from coal-fired power plants and give utilities another two years to comply with some of the rules.
Student: CVS workers rejected Puerto Rico ID, asked for visa
CVS apologized and said it was investigating after a Purdue University engineering student was denied the purchase of over-the-counter cold medicine.
Major stock indexes climb to record highs
The Dow Jones industrial average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market’s rally carried into a fifth week.
Tech academy Kenzie secures $100M for student tuition financing
Indianapolis-based Kenzie Academy said the financing will help it offer programs across the country. The financing is backed by San Francisco-based Community Investment Management, an institutional impact investment manager.
Major exhibit on opioid epidemic coming to Indiana State Museum
The exhibit, which opens Feb. 1, covers 7,000 square feet and invites visitors to “unravel the crisis one step at a time,” with displays on the biology behind addictions, American history with other health crises, and personal stories from addicts and families.
Mike Lopresti: Emotion mixes with excitement as iconic track changes hands
Once the Hulman-George clan decided it was time to sell the family keepsake, could you think of anyone better? Anyone at all? Roger Penske has the magic name and the money and the expertise and credibility and the track record—both on and off the track.
Flat12 Bierwerks changing its name under new ownership
The branding change comes 11 months after the 7-year-old brewery was acquired by Indianapolis-based Books & Brews.
Fraudster Tim Durham wins hearing on whether lawyer’s $1M fee created conflict
Fair Finance fraud felon Tim Durham will get a chance to grill his former trial attorney and call more than a dozen witnesses during an evidentiary hearing into whether he received proper representation before he was sentenced to 50 years in federal prison.
Penske says Formula One, 24-hour race could be in IMS future, but management change is not
Roger Penske—whose Penske Corp. is buying Hulman & Co. and its racing operations—said he’d also like to bring a third car manufacturer to IndyCar and maintain IMS’s relationship with NASCAR.
Triumph motorcycle dealership to open on Sun King’s downtown campus
The brewery and dealership are hoping they’ll benefit from each other’s main customer bases.
Penske’s deal to acquire Indianapolis Motor Speedway, IndyCar draws landslide of praise
A deal that will make Penske Corp. the owner of Indianapolis Motor Speedway and the IndyCar Series received overwhelmingly positive reactions from motorsports insiders on Monday morning.
Penske acquiring IMS, IndyCar, one year after Hulman matriarch’s death
| Lesley Weidenbener and Mason King
Hulman & Co. Chairman Tony George—the son of Mari Hulman George—and CEO Mark Miles have scheduled an 11 a.m. press conference with Penske Chairman Roger Penske at the Indianapolis Motor Speedway.
IBJ Podcast: Pete the Planner on the five deadly sins of money management
This week, Peter “Pete the Planner” Dunn and host Mason King talk about spotting the emotions like envy, fear and shame that can lead to poor financial decision making.
