Audiovox agrees to buy local speaker maker Klipsch
Audiovox said in a statement, though, that the deal is “subject to a number of contingencies.” Indianapolis-based Klipsch was founded in 1945 and has 130 local employees.
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Former Prosecutor Brizzi seeking forfeiture of OmniSource scrap yards
Former Marion County Prosecutor Carl Brizzi lashed out at metal-recycling giant OmniSource in his last week in office, asking a judge to force the company to forfeit all five of its Marion County scrap yards and a foundry facility in Hendricks County.
Marsh hit with second federal labor charge
National Labor Relations Board accuses supermarket chain of intimidating employees at its Beech Grove store for supporting an attempt to unionize. The charges follow a similar complaint NLRB made in November involving Marsh’s Georgetown Road store.
NHRA moves tech department to Indianapolis
The California-based National Hot Rod Association said Thursday that it is moving its technical department headquarters to Indianapolis to be closer to many of its race teams headquartered here.
New jobs point to slow, steady economic growth
The nation's economy added 103,000 jobs in December and the unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. But the job growth fell short of expectations based on a strengthening economy.
Newspaper chain expanding in Fishers
Current Publications is exhibiting growth seldom seen in the newspaper industry these days. Four years after launching, the company is preparing to debut its fourth weekly newspaper in Hamilton County on Jan. 25.
Reform not prompting new insurance plans locally
Tax credits aren’t luring small companies, broker says.
Roche aims to prevent bidding war for software firm
The Swiss company, which operates its North American business out of Indianapolis, filed a lawsuit late last month against Virginia-based Medical Automation Systems Inc. for breaching the purchase agreement the companies signed back in October.
OfficeWorks acquires competitor’s local operations
Fishers-based furniture dealer and office space designer is purchasing the assets of Columbus, Ohio-based Continental Office Environment’s Indianapolis location on East 33rd Street. Both companies are Herman Miller dealers.
Shareholders approve FinishMaster deal
FinishMaster Inc.’s shareholders this week approved a deal to sell the Indianapolis-based company to a subsidiary of Uni-Select Inc. for $172 million.
Simon target’s valuation ‘out of reach’ for Indianapolis firm
Capital Shopping Centres Group Plc, the U.K.’s biggest shopping mall owner, said it is worth as much as $9.64 a share to a bidder, almost 50 percent more than an offer from Indianapolis-based Simon Property Group Inc.
New secretary of state says he won’t be distracted by probe
Indiana Secretary of State Charlie White was formally sworn into office during a Statehouse ceremony Thursday — two months after easily winning election despite claims from Democrats that he improperly voted in the May primary using his ex-wife's home as his address.
Convention Center expansion is high-stakes gamble
With the $275 million Indiana Convention Center expansion built and set to open Jan. 20, one major question remains: Will enough conventions, trade shows and corporate meetings come here to make the big-dollar investment pay off?
Chamber props up graduation initiative
A cash crunch at its Common Goal education program forced the Greater Indianapolis Chamber of Commerce this month to start covering the program’s bills out of its coffers.
Aprimo sale may usher in ‘new wave’ of tech deals
Observers say conditions are ripening for more deals like the recent $525 million sale of Aprimo Inc. in the months ahead—not only among IT firms, but also among biotech companies here.
EDITORIAL: Praise for Don Welsh
Don Welsh, the departing leader of the Indianapolis Convention and Visitors Association, is the embodiment of the risk and reward associated with bringing in outside talent to do important work on the city’s behalf.
EDITORIAL: City’s IT sector finding a groove
Indianapolis has spent more than a decade craving a robust information technology sector. Now there are signs that craving is being satisfied.
Real estate brokers scrambling for national partnerships
Top commercial real estate firms have been playing a name game of late, picking up or dropping national affiliations in a broad realignment of the city’s brokerage business.