Target settles data-breach lawsuit with 47 states for $18.5M
Indiana will be among the states receiving money to settle state lawsuits over a 2013 hack of the retailer’s database in which the personal information of millions of customers was stolen.
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Sales of existing homes still rising locally amid shrinking inventory
Existing-home sales in central Indiana ticked up 1.4 percent in April while rising for the 17th month out of the last 18.
Top CEOs get biggest raise since 2013 thanks to rising stock market
The typical CEO at the biggest U.S. public companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation, according to a new study.
New Parkwood Crossing owners spending $6M on amenity center
The two-story facility in the north-side office park—recently purchased for $163 million—will feature a 6,000-square-foot fitness center and other perks.
Marsh no longer title sponsor of Symphony on the Prairie
The beleaguered supermarket chain had sponsored the Indianapolis Symphony Orchestra’s summer outdoor concert series for 35 years.
Tech firm Infosys to establish $8.7M hub in OneAmerica Tower
As part of its previously announced plan to hire 2,000 workers in central Indiana by the end of 2021, Infosys said Tuesday that it is leasing 35,000 square feet of office space in downtown Indianapolis and expects to hire 500 workers by the end of next year.
Prime north-side parcel on Keystone finally sells, despite access issues
The 12.5-acre tract has been acquired by a member of the car-dealing Wood family, but its intended use remains a mystery.
Betsy DeVos, in Indianapolis speech, promises expansive school choice plan
Speaking to the American Federation for Children, a group she once led, the education secretary said states that opt out of expanding school choice would be making a "terrible mistake."
Shopping mall executives say gloomy future has been exaggerated
Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The American mall is doing better than many people think.
Indianapolis 500 seeks centennial bump for 101st edition
Everyone was talking about the 100th running of the Indianapolis 500 a year ago. But just below the surface was also an underlying fear: What would happen next year?
Large solar panel project planned for central Indiana jail
Hamilton County officials are looking to install 9,300 panels on the roofs of the county’s criminal justice complex in Noblesville.
Lilly Endowment assets ebb in 2016 as it grants $452.8M
After several years in which the value of its assets swelled, philanthropic giant Lilly Endowment Inc. watched its coffers shrink 12.7 percent in 2016 from about $11.8 billion to $10.3 billion.
Carmel-based company wins patent case at U.S. Supreme Court
The justices ruled unanimously Monday that patent infringement lawsuits can be filed only in states where defendants are incorporated. The case was sparked by an appeal from Carmel-based TC Heartland LLC.
Carrier releases official Indianapolis layoff numbers
More than a year after the local shutdown announcement that landed Carrier Corp. in the national news, the manufacturer has finally released an official count of the number of jobs it plans to cut.
Cleveland-based firm acquires local architectural business
InterDesign Inc., one of the city’s 10 largest architectural firms, has been acquired by Cleveland-based K2M Design Inc., the companies announced Monday.
Marsh incentive plan awards key employees if stores are sold
The plan, approved by a bankruptcy judge, allows 10 employees to collectively receive up to $1.1 million in bonuses if certain conditions of a sale are met.
Ford ousts CEO, taps head of autonomous-vehicle unit as successor
The departure of Mark Fields comes amid sharp criticism of Ford's strategy by shareholders, and a more than 30 percent plunge in the company's stock price during his tenure.
Dixon takes third Indy pole with fastest speeds in 21 years
Dixon’s first-lap and his final average were the fastest times recorded at Indianapolis since Arie Luyendyk set the qualifying record and single-lap record in 1996.
Infosys to be Salesforce Tower tenant, Benioff says
In an interview with IBJ, Salesforce CEO Marc Benioff said Infosys, a Salesforce partner, will be taking up space in Salesforce Tower Indianapolis.
Salesforce to train 500 apprentices in Indy by 2020
Salesforce officials said the move is part of a broader initiative to help develop the “workforce of tomorrow.”