Salesforce stock slides after disappointing revenue forecast
The scaling back of the cloud software maker’s growth expectations stoked concern that the pace of its torrid expansion has stalled as it matures into a larger company.
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Area sock maker acquired by founder’s daughter, private equity firm
Martinsville-based For Bare Feet Inc., a 35-year-old manufacturer and distributor of novelty socks, has been sold.
Cigna CEO expressed regret about merger that later failed
While publicly backing his company’s 2015 merger with rival health insurer Anthem, Cigna’s CEO privately expressed regret about signing on to a deal that left him with a reduced role, lawyers for Anthem said in court Monday.
With $30M gift, Indiana University renames SPEA after O’Neill
Indiana University has renamed its School of Public and Environmental Affairs after alumnus and former U.S. Treasury Secretary Paul O'Neill.
Dilapidated Castleton hotel to be revamped as senior ‘resort’ community
The developer behind the $5.4 million plan to convert Castleton Extended Stay into senior living units is seeking a three-year tax break on the project.
Purdue startup’s goal: heal broken bones faster
Novosteo Inc., run by father-and-son team Philip and Stewart Low, is developing drugs to speed up the process of healing broken bones. The company won $1.7 million in federal grants and a first-place award from the Orthopaedic Research Society.
Nuvo reinvents itself as not-for-profit, online publication
The founder of the local alternative weekly revealed Monday that the publication has radically shifted its business model in the wake of news that it has discontinued its print edition after 29 years
Barber, Catchings named executive leaders of Indiana Fever
The former chancellor of Western Governors University Indiana and a former superstar player were named Monday to oversee operations of the city’s WNBA franchise.
Lilly to introduce generic version of insulin at half off Humalog’s list price
The move comes at a time drug makers, especially those that make insulin, are facing withering criticism for raising prices.
IPS pushes back on plan to convert Howe, Manual into charter schools
The district does not support the charter recommendation and is requesting the state board of education delay its decision by a month.
WGU Indiana appoints new chancellor
Alison Bell succeeds Allison Barber, who had been chancellor of WGU Indiana from 2010 until May.
IBJ Podcast: Can Indy win a Major League Soccer franchise?
A bill passed by the Indiana Senate would require the Indy Eleven to become an MLS franchise within three years to unlock tax money to build a stadium dedicated to soccer. But is that realistic? IBJ's Anthony Schoettle says it's an uphill climb — but by no means out of the question. He talks to […]
Alternative newspaper Nuvo ceasing print publication
Nuvo has ceased print publication and is eliminating most of its staff, the editor of the 29-year-old local alternative newspaper announced Saturday on social media.
Kroger plans to widen Visa ban as premium-card fees hurt margins
Kroger Co., the biggest U.S. supermarket chain, plans to widen a ban on Visa Inc. credit cards. And the grocer hasn’t ruled out expanding the ban to include all of its stores.
Amazon planning to open dozens of grocery stores, WSJ reports
Amazon.com Inc. plans to open dozens of grocery stores in U.S. cities, The Wall Street Journal reported Friday, a move that would expand its grocery footprint beyond its Whole Foods Market chain. Shares of food retailers all fell on the news.
IU Health says operations strong, but investment losses pull down earnings
The state’s largest health system said earnings from operations climbed 4 percent, but investment losses pulled down total earnings by 70 percent.
Divisions rise to the surface as IPS begins superintendent search
Indianapolis Public Schools parents, educators and residents have started weighing in on what they would like to see in their next superintendent, but so far there is no clear consensus.
Owner axes two prominent on-air personalities at WNTR, WXNT
A sports talk show host and drive-time disc jockey were among a dozen employees let go Tuesday as radio giant Cumulus prepared to take over the Entercom stations.
Walmart to make ‘every effort’ to keep disabled greeters
Greg Foran, president and CEO of Walmart’s U.S. stores, said in a memo to store managers Thursday night that “we are taking some specific steps to support” greeters with disabilities.
Whitestown appoints interim town manager
Following Dax Norton’s resignation as town manager in January, the Whitestown Town Council has appointed the public works director as interim town manager.