A small group of retirees paid a combined $6.2 million last year for stakes in a proposed event center in Carmel that never was built. The investors claim they were duped in a vast fraud involving financial advisers, a property broker and a bankrupt company called Noah Corp.
With a series A funding round underway, Work Here is mapping out a big marketing push, aiming for a major national expansion and planning a hiring spree.
According to the complaint, First Merchants “engaged in unlawful redlining in Indianapolis by intentionally avoiding predominantly African-American neighborhoods because of the race of the people living in those neighborhoods.”
City of Indianapolis officials on Wednesday decided to add more stores to a yet-to-be-launched food-insecurity program after learning that a Walmart Neighborhood Market on the far-east side was preparing to close.
Experts in corporate social responsibility, or CSR, say such programs are at least in part driven by millennials in the workforce and are almost necessary today to attract and maintain top talent.
The organization, based on North Meridian Street, is changing its name to Versiti Blood Center of Indiana in a move designed to boost the identity of blood operations in five Midwest states.
Barnes & Noble, which still has 627 stores in the United States, including five in the Indianapolis area, is being acquired by Elliott Management for $6.50 per share.
A Carmel-based developer has reached agreements to acquire 14 homes in a neighborhood along busy 116th Street in Fishers and is planning to redevelop the land.
Pacers Sports & Entertainment is going down to the wire in lining up a new sponsor for the fieldhouse. But the wait might give it extra leverage to strike an especially lucrative deal.
Elements Financial, formerly the Eli Lilly Federal Credit Union, is among seven credit unions that collectively agreed to pay $7.5 million to settle a lawsuit brought by ITT Educational Services' bankruptcy trustee.
Indianapolis has joined Fishers and Noblesville in a quest to turn the Nickel Plate Railroad into a 17-mile trail connecting the three communities and is seeking millions in state funds to make it happen.
The developer is asking that the site be rezoned to urban residential, which allows for higher density housing close to commercial nodes like Old Town, Midtown and City Center.
The Zionsville Town Council voted 4-3 Monday night to reject a 184-unit apartment project proposed just south of the town’s quaint downtown village. A vote on the project ended in a deadlock a month ago.
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.
