Mass Ave blast traced to underground electrical vault
Indianapolis Power & Light says an explosion that startled patrons Monday night in the downtown district occurred in a chamber where transformers became over-pressurized.
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Local tech firm Blue Pillar moving headquarters to East Coast
Blue Pillar, which just landed nearly $14 million in equity funding, agreed to move its headquarters from Indianapolis to Maryland after getting $500,000 from a state-sponsored venture capital fund.
Chief doc at Riley to be interim president
IU Health has named Dr. Paul Haut to replace CEO Jeff Sperring when he leaves on April 17 while the hospital searches for a permanent replacement.
State adds 8,600 jobs; unemployment rate rises
Indiana added 8,600 private-sector jobs in January, but the state’s unemployment rate ticked up to 6 percent because of a “substantial” increase in the labor force, the Indiana Department of Workforce Development announced Tuesday.
New IndyCar on-car display will tell fans who’s in what place
Ever been to the Indianapolis 500 and 20 laps into the race you're wondering who's on what lap, let alone who's in what place? You're not alone. And IndyCar is trying to fix that with a cool new on-car digital display.
Upscale neighborhood in Fishers gets go-ahead
City officials on Monday approved rezoning 150 acres along Southeastern Parkway for a 277-unit development with homes from $275,000 to $450,000.
Lilly joins $100M global Alzheimer’s venture fund
Major drugmakers—including Indianapolis-based Eli Lilly and Co.—the British government and a top Alzheimer's research charity are pooling more than $100 million to create a global fund to accelerate efforts to find a treatment or cure.
Indiana joins 10 states in opposing tougher EPA ozone limits
Gov. Mike Pence says the proposed new standards would harm Indiana “just as our economy appears to be turning a corner.”
Macerich rejects Simon Property’s $22.4B takeover bid
California-based mall owner Macerich Co. has rebuffed an unsolicited takeover bid from Simon Property Group Inc., saying it substantially undervalues the company and raises antitrust concerns. Analysts and investors expect Simon will make a higher bid.
Former Land Bank chief grilled over inconsistent testimony
Former Indy Land Bank director Reggie Walton opted to take the stand in his own defense in federal court this week, and prosecutors took the opportunity to use his words against him.
State recovers $126,000 in Medicaid settlement
The settlement with Indiana, 48 other states and the federal government will resolve five lawsuits against the pharmaceutical company Daiichi Sankyo Inc.
Bill to ban microbeads headed to governor’s office
Legislation that would prevent the sale of any products containing microbeads in Indiana, is headed to the governor’s office for final approval.
Fountain Square anchor building undergoing renovation
Bryce Caldwell plans to open an Italian restaurant called Pioneer on June 1, more than three years after his original plan to launch on New Year’s Day 2012.
Greenwood manufacturer plans expansion, move to Indy
A Greenwood firm that manufactures wireless monitoring and control devices plans to move operations into an abandoned plant on the south side of downtown Indianapolis, allowing it to expand and add 25 workers before the end of the decade.
IBJ Technology Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's technology industry for a Power Breakfast panel discussion March 13. Among the topics the panel discussed were top IPO candidates, tech trends, and attracting venture capital from Silicon Valley.
Panel moves religious objections bill to full House
An Indiana legislative committee has endorsed a contentious proposal that would prevent the government from compelling people to provide services for activities they consider strongly objectionable, including same-sex weddings.
Hoosiers shopped around before picking Obamacare exchange coverage
One-third of Indiana’s buyers on Obamacare exchanges were new to their health plans this year—tying Indiana for sixth among the 37 states using the federal exchange.
People
The Indiana Health Information Exchange named John Kansky as CEO. He has held that role on an interim basis since June, when he replaced Harold Apple. Kansky previously served as IHIE's vice president of strategy and planning. He holds a bachelor’s degree in electrical engineering from Purdue University, a master’s degree in biomedical engineering from […]
Company news
Hc1.com has raised $14.4 million more from angel investors to help it pursue an audacious goal: It wants to become the Salesforce.com of the health care industry. Zionsville-based Hc1 is using the money to expand from its roots—making software to help medical labs, pharmacies, physicians and hospital systems track the business relationships they have with […]
Lawmakers mull early payoff that could save businesses $327M
At issue is an extra $126 per employee that Hoosier companies will pay to the federal government in 2016 if Indiana has an outstanding unemployment loan on Jan. 1 of that year. If a payoff takes place by the end of 2015, that extra payment goes away.