UPDATE: DHL to lay off 511 employees at Greenfield warehouse as Walmart takes over
The retail giant confirmed to IBJ on Friday that it intends to rehire DHL workers, who also could have a chance to transfer to other DHL facilities.
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Developer seeking to add 252 apartments to culinary complex in Fishers
The luxury units would accompany 120,000 square feet of retail and two hotels slated to be built on 17 acres in The Yard along 116th Street east of Interstate 69.
Carmel-based Merchants Bancorp reports record profit for 2017
The bank, which went public in October, says it saw especially strong growth in its multifamily mortgage business last year.
Auto-sales coaching company Pivotal Solutions shifting to new digs in Fishers
The firm says the new space will have high-tech elements to enhance student learning, including golf and gun training simulators.
Retail roundup: Fresh locales in Castleton for Sapporo, Gander Outdoors, Club Champion
Gander Mountain has morphed into Gander Outdoors under a new owner, with a grand opening for its 86th Street store on Saturday. Recent Indy-area exits include two Broad Ripple eateries and a Cancun Mexican Restaurant location.
After late-night drama, Congress pushes through $400B budget deal
The pre-dawn pact put to bed a five-and-a-half hour federal shutdown while authorizing big spending increases for the military, domestic programs and disaster relief.
Software firm Determine sees improvement despite quarterly loss
Determine Inc., a software firm that moved its headquarters from Silicon Valley to Carmel in mid-2016, continued to lose money in its latest fiscal quarter, but less than it did the previous year.
Market’s turmoil could affect Federal Reserve’s rate decisions
The turbulence coursing through markets has raised speculation that Fed officials might decide to slow their pace of rate increases out of fear of upsetting the markets and possibly harming the economy.
Airline ‘bumping’ of passengers falls to lowest rate ever
The rate of forcing passengers off oversold flights was the lowest since the Transportation Department started keeping records in 1995, beating the previous record set in 2016.
Fraternity closes Indiana University chapter for violating bylaws
The fraternity is at least the fourth national fraternity to close or suspend its IU chapter since the start of 2017.
Artifacts from downtown monument moved due to flooded basement
A leak that sent water into the basement of a historic monument in downtown Indianapolis has prompted curators to move a collection of artifacts documenting Indiana's role in the Civil War.
Proposed windscreen for IndyCar passes first on-track test
With Scott Dixon at the wheel, the prototype for a windscreen to help protect IndyCar drivers from flying debris received its first on-track test Thursday.
Angie’s List parent has strong quarter, says company will grow in Indy
ANGI Homeservices Inc. CEO Chris Terrill told IBJ he is feeling “bullish” about the company’s overall prospects and its future in Indianapolis.
Dow plunges 1,032 as market enters correction territory
The Dow Jones industrial average is 10 percent below the record high it set just two weeks ago after another market swoon on Thursday.
Judge orders ex-CEO to pay nearly $850K in Veros Ponzi scheme
A former finance company chief with a history of securities law violations has been ordered to pay almost $850,000 in connection with the sale of shady securities based on farm loans.
Retail group forecasts healthy hike to retail sales in 2017
The National Retail Federation on Thursday said sales will be helped by an improving economy as well as the major tax reform.
Twitter makes money for first time ever, but problems remain
The 12-year-old company is still struggling to get people to sign up, despite the attention President Donald Trump's no-holds barred tweets have drawn to the service.
2018 Forty Under 40: Christopher Harle
Studying pain in Olympic athletes and trying to find weapons in the battle against opioid addiction, Christopher Harle leads a research team focused on finding real solutions to real problems.
Amazon set to roll out delivery at Whole Foods nationwide
After Amazon acquired Whole Foods for nearly $14 billion in August, rival grocers began preparing for the day the online retail giant would expand Whole Foods grocery delivery.
Council members, ex-clerk file lawsuit against Clay over staff firings
Eight members of the Indianapolis City-County Council and fired council clerk NaTrina DeBow on Thursday sued embattled council President Stephen Clay and asked the court to grant a temporary restraining order.