NEFF: What drives an investor to invest in a startup?
Like any venture capitalist, I will tell you that two-thirds of investments generally fail; it’s the one-third you expect to be blockbusters that will carry the economics.
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MANZO: Construction wage repeal hasn’t delivered as promised
New research from the Midwest Economic Policy Institute and Colorado State University economist Kevin Duncan has found that repeal of Indiana’s prevailing wage law has not only shrunk wages and increased income inequality, it has failed to make construction projects any cheaper.
FELTMAN: Second of three letters to Amazon’s Bezos
To use your words, Mr. Bezos, many of Indiana’s top business leaders didn’t look past inequality.
EDITORIAL: Anthem’s silence about Indy HQ is cause for self-reflection
Anthem Inc.'s refusal to confirm it plans to keep its headquarters in Indianapolis serves as a stark reminder to government and corporate leaders of the fragility of corporate headquarters.
UPDATE: Governor signs bill allowing Sunday carryout alcohol sales in Indiana
The law takes effect immediately, which means Sunday alcohol sales will be allowed beginning this weekend at liquor stores, pharmacies, convenience stores and big-box retailers.
$15.3M Walker Theatre rehab to return shine to community gem
A three-way partnership substantially brightens the future of the venue, which has offered minimal programming in recent years and badly needs upgrades.
Flaherty & Collins plotting $75M project in Cleveland
Flaherty & Collins, which is wrapping up its $120 million 360 Market Square apartment project in Indianapolis, has reached a development agreement for a $75 million mixed-use project in the Cleveland suburb of Cleveland Heights.
KAR to spin off salvage unit into new public company
Carmel-based KAR Auction Services Inc. on Feb.27 said it plans to spin off its Insurance Auto Auctions salvage auction unit in the next year, creating a separate publicly traded company. The separation is designed to “increase shareholder value and focus each company’s strategic priorities on its respective marketplace and unique customers,” the company said in […]
SKARBECK: Investors finally realizing hedge funds are shaky bet
When you consider that hedge-fund fees are often spread around among a host of “placement agents, you begin to understand why the hedge-fund industry has grown to near $3 trillion.
Dick’s ending sales of assault-style rifles in stores
Dick's Sporting Goods, a major U.S. retailer with eight stores in the Indianapolis area, said it will immediately halt sales of assault-style rifles and high-capacity magazines at all stores and ban the sale of all guns to anyone under 21.
Pizza Hut replaces Papa John’s as NFL’s pizza sponsor
The NFL announced a multiyear marketing deal with Pizza Hut on Wednesday, one day after the league and Papa John’s said that they mutually agreed to cut ties.
KAR Auction’s proposed spinoff to be headquartered in Illinois
The Carmel-based company plans to separate its Insurance Auto Auctions salvage auction business unit within the next year to create a separate publicly traded company.
Council calls special meeting to address spending $14.5M for road repair
A proposal, which will be voted on in committee Thursday with the intention of sending it to the full council on March 12, calls for spending $13 million remaining in the city’s rainy day.
Political Action Committee formed to back IPS tax-hike referendums
Local business and community leaders have formed a political action committee, named “Vote Yes for IPS,” to support the upcoming May 8 primary referendums.
City contingent collects intel on hosting NBA All-Star Game
Pacers officials, along with the host committee, traveled to Los Angeles last week to watch the game and to learn about staging the festivities in preparation for the event’s return to Indianapolis in 2021.
Fourth-quarter economic growth revised down slightly
For the year, GDP rose 2.3 percent, a significant pick-up from 1.5 percent in 2016, which had been the slowest annual growth rate since the economy contracted in the recession year of 2009.
Playing basketball tourney on East Coast presents big challenge for Big Ten, again
After experiencing tepid interest last year in Washington, D.C., the conference takes its show to the Big Apple, where pundits expect another bleak turnout from fans.
Playing basketball tourney on East Coast presents big challenge for Big Ten, again
After experiencing tepid interest last year in Washington, D.C., the conference takes its show to the Big Apple, where pundits expect another bleak turnout from fans.