An internal probe found Celadon overstated earnings by as much as $250 million from 2013 to 2016. The local trucking company said it will be delisted from the New York Stock Exchange.
Since October, when Eli Lilly and Co. announced it was reviewing whether to sell or spin off Elanco, Greenfield city leaders have been wondering what the future holds for the city’s economy.
At 138,800 square feet, it’s downtown’s 19th-largest office complex. But the building played a major role in the city’s efforts in becoming a sports town worthy of hosting a Super Bowl.
Downtown Indy will move down from the 19th floor to take a portion of the space while the rest will be converted into a tenant lobby, featuring a bar and putting green.
The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.
The troubled Indianapolis-based trucking company conducted a conference call Wednesday to answer questions about its latest accounting issues, but the call lasted 18 minutes and investors didn’t get to talk.
The plaintiff says he was harmed financially because he purchased Celadon stock at “artificially inflated prices.” The company’s shares declined after allegations of misleading statements and a federal probe.
Several projects are in the works—a push led mainly by local developer Onyx+East, which plans to begin construction this year on nearly 150 units, 90 of which are in or near downtown.
In 1825, nine years into statehood, Indiana underwent a governmental change for the sake of shifting demographics. With the state’s bicentennial just a few days away, we face similar shifts in demographics and other economic and cultural realities, so we might want to consider lessons learned from that change.
A team of investigators spent the summer trying to answer what should have been a simple question: What were hundreds of thousands of sheets sold by big retailers like Target and Walmart actually made of?
Club directors chose to sell 12.5 acres to the Central Indiana Land Trust after considering an offer from a local developer who wanted to build homes on the property.
Several local startups have popped up to capitalize on the growing interest in content marketing, defined in part by enterprise-generated blog posts, infographics, how-to videos and more.
Companies around the world made plans to spend a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.
