Produce distributor Caito plans $14.7M expansion, 342 jobs
Caito Foods Service Inc. is seeking tax abatements from the city to help offset the cost of building and equipping a major new distribution facility on the city’s east side.
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Indiana House hires attorneys to defend public records suit
The Indiana House has hired two outside attorneys, who bill an average of nearly $400 an hour, to defend itself from a lawsuit filed over its refusal to provide correspondence over a solar power bill.
Priority list includes the Rolling Stones, Audra McDonald, more
One of England’s greatest exports celebrates Independence Day at the greatest sports venue in the world.
First Merchants to buy Ameriana for $69 million
It marks the second announced acquisition in less than a year for First Merchants, underscoring growth plans for the second-largest Indiana-based bank.
Pacers must decide soon if top draft pick can produce this season
Pacers front office honchos will base part of their free agent and trading decisions on what they see in Myles Turner during the Orlando Summer League, which tips off July 4.
High court rules against EPA power plant mercury limits
The court said by a 5-4 vote Monday that the Environmental Protection Agency failed to take cost into account when the agency first decided to regulate the emissions from coal- and oil-fired plants.
U.S. pending home sales climb to nine-year high
More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level since 2006. Signed contracts, however, were down in the Midwest.
Downtown’s Landmark Center sells for $23 million
New Jersey-based Fairbridge Properties bought the 12-story downtown office building from Ambrose Property Group, which purchased it out of receivership and invested $8 million in renovations.
Sysco terminates planned $3.5B takeover of US Foods
Sysco Corp. called off its planned $3.5 billion takeover of US Foods, it announced Monday, after a federal judge blocked the combination. Both companies have large distribution operations in central Indiana.
Renderings updated for spiffy Marott Center addition on Mass Ave
Gershman Partners should start construction in the next few months on a four-story addition to the Marott Center at the foot of Mass Ave.
No way out for employers on health benefits
Last week’s Supreme Court ruling upholding the tax credits for Obamacare is just the latest in a string of developments that have kept employers from ditching their group health plans, as many predicted they would.
IBJ receives 7 awards in national journalism contest
The only newspapers to win more awards than IBJ were Crain’s Chicago Business, Crain’s New York Business and the Los Angeles Business Journal.
Ivy Tech at risk of losing workforce training money
Ivy Tech Community College is facing an Aug. 1 deadline to show progress in student success as state officials weigh whether to continue using the college system as a provider for workforce training and education programs.
Citizens Energy seeks another rate hike for water customers
The utility, which provides water to about 400,000 homes and businesses in the eight-county Indianapolis area, said average residential bills would rise from $30 per month to $36 if it receives approval for the 20-percent hike.
People
Elizabeth Simpson, a dentist, has joined Eskenazi Health as its Grassy Creek location. She received her bachelor’s degree from the University of Notre Dame and her doctor of dental medicine degree from Tufts University School of Dental Medicine in Boston. Larry Meade has been promoted to director of business development for Franciscan Alliance. Meade previously […]
Company news
Eli Lilly and Co. got good news and bad news about its top-selling drug, the lung cancer therapy Alimta. According to Bloomberg News, a British court upheld a patent protecting a vitamin regimen administered with the drug and said that patent would be infringed by a generic competitor. Lilly's patent protecting Alimta's chemical makeup expires […]
Durham fails to convince judge to reduce 50-year sentence
Convicted Ponzi scheme leader Tim Durham appeared in federal court in Indianapolis for a resentencing hearing Friday afternoon following the September dismissal of two fraud counts by the U.S. Court of Appeals.
REVIEW: Gregory Hancock’s ‘La Casa Azul’
For this world premiere, Hancock serves as composer, co-lyricist, costume designer, choreographer, director, and producer. Short of Bugs Bunny playing every position in “Baseball Bugs,” it’s difficult to find examples of a single artist wearing so many hats.
Experts: Indiana crops have taken $300M hit from flooding
Agriculture experts say this month's heavy rains and flooding have already reduced the value of Indiana's crops by nearly $300 million and the damage could escalate with more wet weather.
Louisville box-maker plans $6.75M Indy operations center
Premier Packaging LLC has purchased a 160,000-square-foot plant on the northwest side and is in the process of renovating and equipping it. Premier intends to hire about 50 workers by 2016.