Early 1900s auto factory in Kokomo being demolished
Demolition crews are tearing down a century-old factory in Kokomo that once housed the operations of early automobile pioneer Elwood Haynes.
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ITT’s CEO staying, CFO leaving after disappointing quarter
Kevin Modany will continue to lead the Carmel-based for-profit educator until the year’s end. But Chief Financial Officer Dan Fitzpatrick is expected to be replaced within days.
Pence sidelines big Democratic fundraiser with IEDC pick
Gov. Mike Pence, a Republican, named a prominent Democrat to lead Indiana's business-recruitment agency on Wednesday, adding a degree of bipartisanship to his administration ahead of what is expected to be a tough re-election campaign.
Celadon reports revenue surge in latest quarter
Celadon Group Inc. saw a 28-percent jump in revenue in its fiscal fourth quarter, the Indianapolis-based trucking company said Wednesday.
CNO Financial tops quarterly earnings expectations
CNO Financial Group Inc. on Wednesday reported second-quarter profit of $46.8 million, down 40 percent from the same quarter of 2014.
Duke Realty sees higher profit on lower revenue
Duke Realty Corp. saw higher profit in the second quarter, but a drop in funds from operations and lower revenue, the Indianapolis-based real estate developer said Wednesday afternoon.
Kite reports higher quarterly profit, revenue
Indianapolis-based Kite Realty Group Trust reported quarterly profit that beat analyst expectations and raised its guidance for the year.
Architectural exec Schellinger picked as president of IEDC
Gov. Mike Pence has chosen former Democratic gubernatorial candidate Jim Schellinger as president of the Indiana Economic Development Corp.
Republic stock surges 71 percent, reversing earlier plunge
Republic Airways Holdings Inc. shares soared Wednesday morning to their biggest-ever intraday gain, clawing back from a record plunge earlier this week caused by concern that a pilot shortage will disrupt the regional flying it does for bigger U.S. carriers.
Appeals court: Whitestown can annex 620 acres of Perry Township
The hotly disputed annexation can go ahead, unless residents want to take the case to the Indiana Supreme Court. The acreage is a small portion of the township land that Zionsville is in the process of taking over.
Former Pacer plans event to boost entrepreneurs
Former Indiana Pacer Jonathan Bender is returning to Indy to give new entrepreneurs a fast-break start. The event is designed to connect minority and women-owned startups with investors.
IUPUI athletic director resigning after 19 years
Under Director of Athletics Michael Moore, IUPUI's athletics program jumped from the NCAA Division II level to NCAA Division I and expanded from nine sports teams to 18.
Tech firm to sponsor free rides for downtown bikeshare
Pedestrians in downtown Indy this weekend can become bicyclists for no charge, as a global technology firm sponsors free rides through the Indiana Pacers Bikeshare program.
Anthem’s second-quarter profit surges past analyst expectations
Indianapolis-based Anthem Inc. reported Wednesday morning that it earned $859.1 million during the three months ended June 30, an increase of 17.5 percent over the same quarter of 2014.
Fed likely to delay first rate hike in nine years a bit longer
On Wednesday, when it ends its latest policy meeting, Federal Reserve officials will issue a statement that will be parsed for clues to just when the first rate increase since 2006 might occur.
Health spending to gobble up more of U.S. economy
Payments for hospitals, doctors, drugs and insurance will rise by about 5.8 percent a year through 2024—1.1 percentage points faster than overall economic growth, actuaries at the Centers for Medicare and Medicaid Services said Tuesday in an annual study.
Global Logistic moves past Duke with $4.55B acquisition
Global Logistic Properties Ltd. agreed to buy more than 200 warehouses from Industrial Income Trust Inc. in a deal that will make it the second-largest owner of U.S. industrial real estate, ahead of Indianapolis-based Duke Realty Corp.
Pence touts Indiana charter school expansion
Gov. Mike Pence told a conference of charter school teachers that the state will add 22 new charters over the next three years. That will boost the state's total to 86.
SBA loan approvals resume after Congress lifts lending limit
Loan approvals resumed after going on hold Thursday, when the SBA reached its $18.75 billion annual limit for loan guarantees.
UPDATE: Brady ban upheld as NFL seeks order affirming decision
The National Football League is poised for a legal battle with one of its most popular stars after Commissioner Roger Goodell upheld the four-game suspension of New England Patriots quarterback Tom Brady for conduct detrimental to the integrity of the league.