Krieg DeVault expands leadership team
Krieg DeVault LLP has elected four new members to its leadership team following the appointment of Deborah J. Daniels as managing partner in November.
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Musicians applaud new rule for flying with instruments
A new federal transportation rule makes it clear that airlines must allow musical instruments of certain dimensions as carry-on items.
Bill would block local limits on large livestock facilities
The bill would prevent county or other local officials from adopting any rules beyond state laws on building livestock structures in areas zoned for agricultural use.
Carmel’s Merchants Bancorp aims to raise $50M for growth
One of the state’s largest privately held banks could bring in as many as 500 new shareholders to help fund growth. A planned acquisition fell apart early last year.
Merchants looking to raise $50M for expansion
Carmel-based Merchant's Bancorp, one of Indiana's largest privately-held banks, is looking to raise $50 million in equity capital, according to a recent U.S. Securities and Exchange Commission filing. If successful, the capital raise could bring up as many as 500 new shareholders to a bank that only had 10 shares outstanding in December 2013, according […]
U.S. posts big job gains, but wages shrink
The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. Average hourly pay slipped 5 cents.
Clark Appliance preparing to liquidate inventory
The liquidation follows last month’s closing of the high-end appliance retailer’s store in Castleton and comes after a failed attempt to reorganize.
Update: Restaurateur gets go-ahead on Amici’s project
The Indianapolis Historic Preservation Commission signed off on Mike Cunningham’s plans for the downtown restaurant site, which include renovation of the existing building and construction of a new structure.
Growing church wants old Borders space in Carmel
Mercy Road Church is seeking to take over the former Borders bookstore at 116th Street and Keystone Parkway, transforming the long-vacant building into a long-term home for its growing congregation.
Indiana fertilizer plant not seeking state incentives
A Pakistani-backed company planning to build a $2.6 billion fertilizer plant in southwestern Indiana announced Thursday it has withdrawn its request for state economic incentives.
Stores had a better-than-expected holiday season
Sales at 1,000 retail chains nationwide rose 4.6 percent, to $270.1 billion, in November and December, ShopperTrak, a Chicago-based technology company, said Thursday.
Indiana lawmakers seek funding for 2-1-1 service
The service is a non-emergency telephone help line that assists callers with finding social services.
Westfield’s next big bet: $25M downtown plaza
Westfield city leaders are making downtown a priority in 2015, aiming to start work on an urban park with a festival plaza and outdoor stage.
Lids falters in expansion beyond headgear
Sales for Indianapolis-based Lids Sports Group have been so disappointing that parent Genesco Inc. within the past six months has twice cut its fiscal 2015 full-year earnings, from a high of $5.55 per share to a low of $4.75 per share.
IPL’s pitch: Tie less of bill to energy usage
No matter how little energy customers use, Indianapolis Power & Light would be guaranteed more revenue under a recent proposal to raise rates and fees.
IPL’s pitch: Tie less of bill to energy usage
The addition of CBS at WTTV-TV Channel 4 gives Tribune Broadcasting a rare one-two punch in the central Indiana market. WTTV and sister station WXIN-TV Channel 59, a Fox affiliate, can now deliver more sports to viewers than any other local broadcaster, by a wide margin. Those offerings could be used to raise revenue directly—especially […]
TV sports programming to give Tribune a huge boost
The addition of CBS at WTTV-TV Channel 4 gives Tribune Broadcasting a rare one-two punch in the central Indiana market with sibling station Fox59, delivering more sports than any other local broadcaster by a wide margin.
Funding not only obstacle for Indy Eleven stadium
Even if the Indiana General Assembly approves a funding mechanism for a proposed $87 million downtown soccer stadium for the Indy Eleven—which is no sure thing—hurdles would remain. For starters: where to build it.
In unusual deal, Westfield sells fiber network for $5M
The city of Westfield and its school district recently exchanged their homegrown network for $5 million in in-kind services. As a result of the agreement, city and school officials will not have to worry about things like paying for Internet service for the next 10 years.
Indiana, U.S., shut out of new auto assembly plants
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.