WeWork debacle casts cloud over IPO market for unicorns
Software stocks that constitute the biggest part of the U.S. equity market are teetering, and recent struggles by the cohort of tech unicorns looking to go public aren’t helping.
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Federal government struggling to place value on internet activity
It’s a new challenge in the digital age to measure and value consumer data, fed to tech giants by tracking us via our many devices, including work computers, phones and even smart TVs.
Merchants Bancorp opens new Carmel headquarters
The 120,000-square-foot building at the intersection of Elm Street and Monon Boulevard will house nearly 200 employees, with room for expansion.
Banks move around in latest deposit rankings
JPMorgan Chase and PNC Bank saw both their Indianapolis-area deposits and their market share decline over the past year, although they retained their positions as the area’s two largest banks, according to Federal Deposit Insurance Corp. data.
Bankruptcy filings hold roughly steady
The U.S. Bankruptcy Court for the Southern District of Indiana handled 10,670 bankruptcy filings during the first nine months of this year—slightly fewer than a year ago.
Brokers say downtown dining scene hopping despite high-profile closures
A host of big-name restaurants has closed downtown over the past year amid financial struggles and disappointing sales.
Painter applies data to artwork sales
Painter Justin Vining is something of an anomaly. What makes him unique isn’t so much his art as his data-driven approach to selling it.
Indianapolis to host final event of global food sport competition
The 2020 World Food Championships Final Table event is the culmination of annual competition involving more than 1,500 home cooks, chefs and professional cooking teams from more than 40 states and 15 countries. The World Food Champion will be crowned at the event.
IU receives $60M gift from tech pioneer Fred Luddy for AI initiative
In recognition of the gift from Luddy, an IU student in the 1970s, the university’s trustees have approved changing the name of the informatics school.
Noblesville City Council approves new downtown parking program
The city council this week unanimously approved a new pilot parking program that is intended to simplify the city’s parking ordinance, which has been in effect since 1989, before the Hamilton County Judicial Center was built and Noblesville’s population surged.
Center for the Performing Arts seeks corporate naming partner
The Center for the Performing Art in Carmel encompasses the Palladium, The Tarkington and The Studio Theater, all in the city’s central core.
Ambrose says city making it ‘impossible’ for firm to sell Waterside land
Ambrose Property Group said it still plans to find a buyer for the former General Motors stamping plant site, despite an ongoing—and escalating—dispute with the city of Indianapolis about control of the land.
Startup aims to provide digital ‘Green Book’ for minority travelers
LaToya Johnson launched AwayZone, which she describes as a kind of digital Green Book, in Indianapolis in late 2017. She already has commitments from dozens of corporations to pay for monthly subscriptions to be a part of the app and has a plan to boost revenue to $4.1 million by 2022.
Can Pete Buttigieg, cool and cerebral, second that emotion?
Of the many ways the 37-year-old mayor of South Bend, Indiana, is different from his better-known rivals, there is this: his ingrained emotional restraint in a show-all-tell-all era.
IHPC members pan design of proposed 22-story addition to Morrison Opera Place
Members of the Indianapolis Historic Preservation Commission on Thursday said they would be hesitant to support the design for the proposed $60 million, addition. One even called it a “brutal proposal.”
Bottleworks adds three more tenants to Garage Food Hall lineup
The Garage Food Hall is part of the much larger, 12-acre, $300 million Bottleworks development at 850 Massachusetts Ave. that will include retail, residential, office and restaurants, as well as a hotel.
GM workers to stay on picket line until vote on new contract
Details on the four-year pact were posted Thursday on the UAW website as factory level union officials met to decide if they’ll approve the deal. Workers went on strike Sept. 16, crippling the company’s U.S. production and costing it an estimated $2 billion.
Hotel Tango to open tasting room near Zionsville’s village
The craft distiller is partnering on the project with Indianapolis-based Jackson Investment Group, which this summer acquired the 10,300-square-foot building where the tasting room will operate.
Indiana to share in J&J’s $117M settlement over pelvic mesh devices
Johnson & Johnson has agreed to a $117 million multistate settlement over allegations it deceptively marketed its pelvic mesh products, which support women’s sagging pelvic organs.
Clif Bar completes $10M bakery renovation, expansion project in Indianapolis
The energy bar giant said it added 24,000 square feet to the 185,000-square-foot building at 7575 Georgetown Road on the city’s northwest side. About 430 people work at the bakery.