Hurco reports profitable quarter on higher revenue
Hurco said the overall rise in sales was “primarily attributable to an increased sales volume of vertical milling machines from all product lines.”
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Lumina kicks venture capital arm into high gear
Over the past year, Indianapolis-based Lumina Foundation has aggressively moved in a novel direction for a grant-making not-for-profit, funneling more of its $1.2 billion endowment into venture capital.
Walmart testing store employee delivery of U.S. online orders
In its latest effort to compete with online giant Amazon, Walmart is testing a delivery service using its own store employees, who will deliver packages ordered online while driving home from their regular work shifts.
U.S. auto sales drop for fifth straight month
Economic fundamentals all look good, but sales still are likely to fall this year because pent-up demand for new cars has been satisfied and many people have decided to keep their automobiles longer.
Indy entrepreneurs to launch Airbnb for event venues
The online marketplace, slated to launch in August, aims to connect venue owners and seekers. It’s led by two minority entrepreneurs.
Lids embraces digital revolution, adapts to shifting shopping habits
CEO David Baxter, who was hired in May 2016, is aiming to marry the best of online retailing with brick-and-mortar stores, to lift the company’s profit margin to where it was five years ago.
Angie’s List axes 70 Indy positions in latest round of layoffs
The job cuts, which happened Thursday, are part of the company’s focus on “continued operational effectiveness,” a spokeswoman said.
Charities caught in Celadon founder’s estate dispute
Several local not-for-profit and community groups are caught in a family dispute over the $31 million estate of Stephen Russell, the Celadon Group Inc. co-founder who died last year at age 76.
Landlord’s Marsh bet leaves trail of foreclosures
Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer’s stores in its portfolio.
Demand for welders outstrips worker supply
Facing a tight market, area employers are using headhunters, offering signing bonuses and developing in-house training to fill open positions for welders.
Bellwether Cook blood-clot-filter case heads to trial
The first case against Bloomington-based Cook Group from patients who say the company’s blood-clot filters malfunctioned is headed for trial this fall in Indianapolis.
KIM: Kushners throw spotlight on dubious EB-5 program
Unlike the original aim of EB-5, many projects that qualify would have happened anyway. Access to cheap financing just increases profits of developers.
PROXY CORNER: Emmis Communications Corp.
Indianapolis-based Emmis Communications Corp. is a media company that owns 16 FM and three AM radio stations, as well as Indianapolis Monthly magazine.
BOHANON & STYRING: Federal spending never forgets a crisis
During a crisis, government grows in scope, power and budget. All recede somewhat after the crisis. But never to pre-crisis levels.
LOU’S VIEWS: Mini golf returns to the IMA
After a successful opening round last summer, mini golf has returned to the Indianapolis Museum of Art with a mostly new set of 18 artist-designed links.
Freiman takes IMA experience to Virginia
Lisa Freiman was a curator at the Indianapolis Museum of Art when she was named a Forty Under 40. Now she’s the director of the Institute for Contemporary Art at Virginia Commonwealth University.
Casey plans move back to Indy
David Casey and his family have spent the past 7-1/2 years in Rhode Island, where he works at CVS headquarters. But this fall, the Caseys are moving back to Indianapolis to be closer to family.
LOPRESTI: 82-year-old coach embarks on last turnaround project
Jerry Hoover has revived more high school basketball programs than you can count on one hand.
Subpoena scuffle puts American Senior Communities fraud case on contentious course
Prosecutors argue that subpoenas issued by counsel for the nursing home company's former CEO are overly broad and "an abuse of process."