Unfailing optimist Hallett sure of Indy Fuel’s staying power
Jim Hallett is confident that his recently launched Indy Fuel hockey team will prosper, a bet he backed up by signing a 25-year lease at the Fairgrounds Coliseum.
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Young firm aims to clean up in ‘green’ laundry niche
Brandon Evans and Andrew Insley hope their laundry detergent startup sets itself apart from the crowded field of competitors that say they use “natural” ingredients. Their point of differentiation: truly making good on that claim.
Evansville firm plans $17M fiber-optic network in Westfield
Metronet, a cable provider based in Evansville, has agreed to buy Inside Connect Cable and plans to spend $17 million to construct a fiber-optic network in Westfield.
Analysis: New nursing homes didn’t cause glut
An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.
SKARBECK: 15 years later, what we can learn from tech bubble
Many stock investors would like to forget the early 2000s and the vast sums of money lost. Yet valuable lessons can be learned from studying this textbook case of market irrationality.
BOHANON & STYRING: Wage law distorts competitive markets
House Enrolled Act 1019, a bill to repeal the wage, is what gives. Few Statehouse junkies thought it would be an issue this time around. But the bill has passed the House and stands a chance of becoming law.
Westfield school district sells 20 acres for $1.3M
The Westfield Youth Soccer Association/Indiana Fire Juniors soccer club will have to find a new home by next year, after the school board sold 20 acres next to Shamrock Springs Elementary to a developer.
Class-action suit against Indiana BMV to go to mediation
The lawsuit, filed in 2013, alleges the BMV owes drivers possibly as much as $38 million in excessive charges for a number of fees and services.
Macerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.
Local companies plan to add nearly 50 more workers
Two Indianapolis-based companies have reached incentive agreements with the state's economic development agency to create nearly 50 jobs in total over the next four to five years.
Former Frisch’s exec denies embezzlement allegations
A former top executive at the Cincinnati company behind dozens of Frisch's Big Boy restaurants is denying that he embezzled $3.3 million as the company alleges.
More than 4,100 register scooters under new Indiana law
The law requires owners of mopeds or scooters to have a registration, a license plate and an Indiana identification card. They also must pass a test identifying street signs.
Senate panel advances bill to ban microbeads
Senate Commerce and Technology Committee members voted 6-0 Thursday to advance the measure that would gradually phase out the sale and production of cosmetics with microbeads. The House unanimously passed the legislation last month.
Fast-growing Geofeedia to ramp up Indy employment
Fresh off a $3 million funding round announced Thursday, the four-year-old tech company said it plans to hire 50 employees between its Chicago and Indianapolis offices. The majority will work in Indianapolis, founder and CEO Phil Harris said.
Gallery owner’s plans to reopen run into roadblock
Curt Churchman needs to find a new home in the Meridian Kessler area for his Fine Estate Art & Rugs and Gallery Two businesses after a city zoning board rejected his request for a zoning variance.
Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Republicans fail to override Obama veto of Keystone pipeline
Eight Democrats joined 54 Republicans in voting to overturn the veto, short of the two-thirds super majority needed. Obama said he opposed the bill because it would circumvent his administration’s review, now in its sixth year.
Strong local economy driving real estate sectors
Leaders of the local office of the DTZ real estate services firm delivered an optimistic message at the firm’s annual State of Real Estate outlook, as the city’s economy drives growth within the real estate market.
State appeals ruling over fenced hunting preserves
The Indiana attorney general's office is appealing a court ruling that found state wildlife officials overstepped their authority in trying to shut down Indiana's high-fenced deer-hunting preserves.
Senate committee considering teacher tax credit bill
Indiana teachers would get a $200 tax credit to help pay for classroom supplies under legislation considered Wednesday by the Senate Education Committee.