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Bank names market leader

May 16, 2018

Pipes Bank of America has appointed Karen Pipes as its Indianapolis market manager. Pipes will handle community partnerships and be responsible for developing and executing a market plan. She began her financial-services career with JPMorgan Chase in 2005, where she held a variety of roles. Before that, she worked in the business, government and not-for-profit […]

Back-office costs not too high, not that low

May 16, 2018

It costs $10.9 million a year to run a financial services back office in Indianapolis—a mid-pack figure among 40 top U.S. and foreign cities, a new study says. The study by New Jersey-based site selection firm The Boyd Co. Inc. lists San Francisco as the most expensive; a corporate back office there would cost $13.6 million annually. […]

LETTER: Debate commission puts neutrality first

May 16, 2018

There is no way other TV stations would broadcast a debate in which a competitor would appear on their air as the moderator, even worse on a competitor’s set. And the commission wants each debate to reach as many Hoosiers as possible via many radio and TV stations and web streams.

Huntington bests other large banks in satisfaction survey

May 16, 2018

Huntington scored 847 out of a possible 1,000 points in the J.D. Power survey; the regional average was 821 points. (IBJ photo/Lesley Weidenbener) Among large banks with an Indianapolis presence, The Huntington National Bank scored highest in J.D. Power’s 13 annual U.S. Retail Banking Satisfaction Study. Huntington scored 847 out of a possible 1,000 points, […]

Unemployment hits a low. Then comes the recession.

May 16, 2018

Whatever one might think about the U.S. political situation, it’s hard to deny that the economy is doing just fine. In April, the unemployment rate dropped to 3.9 percent, a 17-year low. At this point, there’s a job opening for every unemployed person in the country. Not bad. In the spirit of seeing the glass as […]

Apartments proposed for land that sparked 10-year battle between Zionsville, Walmart

May 16, 2018

A three-building apartment complex could be built on property where Walmart once fought to open a 300,000-square-foot superstore.

archview cityscape walmart property

HUBER & RODRIGUEZ: IND helps Indy’s economy prepare for takeoff

May 16, 2018

As a passenger-friendly airport eagerly pursuing new routes, Indianapolis International helps our business community connect to the world and compete for the talent that’s building one of the nation’s fastest-growing tech sectors.

GARY PITTSFORD: Small business impact is not ‘snake oil’

May 16, 2018

The nation’s 28 million closely held businesses account for more than 50 percent of our national gross domestic product.

INVESTING: Stocks typically struggle during midterm election years

May 16, 2018

There is a “presidential cycle” for stocks, a pattern coinciding with various years of a presidency.

BOHANON & CUROTT: Currency failure kills hope—and people—in Venezuela

May 16, 2018

The collapse of the currency is staggering. The yearly inflation rate is now over 18,000 percent.

GREG MORRIS: Honoring a life cut short by needless gun violence

May 16, 2018

CJ Joseph was at the wrong place at the wrong time. His family keeps his memory alive by helping others.

EDITORIAL: Indy must tackle growing gap between haves and have-nots

May 16, 2018

Census data shows that 35 of the 36 ZIP codes in Indianapolis had higher poverty rates in 2016 than they did 16 years earlier.

URBAN DESIGN: Congestion concerns shouldn’t drive Inner Loop fix

May 16, 2018

Expanded freeways typically don’t solve the problem they are meant to address.

With Kite shares stuck in discount bin, dividend investors can hit jackpot

May 16, 2018

Kite Realty Group Trust now sports a whopping 8.5 percent annual dividend yield—by far the highest of any publicly traded firm in Indiana—a reflection of the cold shoulder investors are giving retail real estate companies as internet sales soar higher.

bigpic-btn-051818-450bp.jpg

Michigan State reaches $500M settlement with Nassar victims

May 16, 2018

Michigan State University says it has reached a settlement with hundreds of women and girls who say they were sexually assaulted by sports doctor Larry Nassar in the worst sex-abuse case in sports history.

Wind-energy developer dismisses auditor after being informed of accounting weaknesses

May 16, 2018

Infrastructure & Energy Alternatives Inc. dismissed auditor Crowe Horwath and said it is taking steps to address the financial issues raised.

focus-windfarm-8bp-450bp.jpg

Hybrid pioneer Allison sees long road toward electric big rigs

May 16, 2018

Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.

Amazon to give Prime members extra discounts at Whole Foods

May 16, 2018

The online retailer has made a number of changes to Whole Foods since it bought the chain last year.

U.S. factory production sees healthy jump on consumer spending

May 16, 2018

U.S. factories cranked out more appliances, computers and aircraft last month, lifting manufacturing production for only the second time in five months.

Macy’s shares soar as profit surpasses expectations

May 16, 2018

With customers in a mood to spend, particularly on clothing, Macy's surpassed all profit and revenue expectations for the first quarter of the year and raised its outlook.

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