Hurco beats expectations with higher sales, profit
Hurco Cos. Inc. saw slightly higher profit in the first quarter on a 16-percent jump in sales and service fees, the Indianapolis-based industrial technology company reported Friday morning.
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Speedway outsources concession stand operations
The Indianapolis Motor Speedway on Friday reached a multiyear deal with Illinois-based Levy Restaurants to operate concession stands and manage premium beverage operations during major events.
Health insurance brokers must change to survive
Employees, rather than employers, will soon choose their own health insurers—either through the Obamacare exchanges or through private exchanges. Does that mean health insurance brokers, the people who match up employers with insurers, will no longer be needed?
Hamilton County considering solar energy for public buildings
Hamilton County might soon join the growing ranks of large utility users looking to hedge against rising prices by producing some of their own power.
TRANSPORTATION
The Indiana Finance Authority has chosen a group led by Netherlands-based Isolux Infrastructure to finance, build and maintain the 21-mile section of Interstate 69 from Bloomington to Martinsville. Isolux is working with local contractors E&B Paving of Anderson, Force Construction Co. of Columbus and Gradex Inc. of Indianapolis. Isolux beat three other consortiums with its […]
No-holds-barred tactics lifted developer Ozdemir
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
Soccer team owner concedes battle for stadium funds this year
The owner of the Indy Eleven soccer franchise has conceded that his push for state financing help for a proposed 18,500-seat, $87 million stadium in Indianapolis will have to wait on the bench for another legislative session.
Roundup: Restaurant revival, women’s resale, Combine Cafe and more
Classically trained Chef Keith Brooks is cooking up plans for the former Eddie’s Corner Café space in downtown Noblesville. Plus: a new resale shop in Fishers, tying on the feed bag at Reynolds, Brazilian at HTC and the latest on Chuy’s.
As Big Ten tourney grows, bidding war for event could erupt
Just about every Big Ten men’s basketball team has struggled at one time or another this year. But as a whole—and financially speaking—the college conference has never been better.
Insurers’ Obamacare losses may reach $5.5 billion, U.S. says
Health insurers such as Indianapolis-based WellPoint Inc. and Louisville-based Humana Inc. stand to receive $5.5 billion next year to cover losses from Obamacare in a program the law’s opponents label a bailout.
Duke’s Edwardsport plant slows to crawl in January
Mechanical problems caused Duke Energy Indiana’s $3.5 billion power plant in Edwardsport to generate a mere 4 percent of its maximum capacity in January.
Hospital layoffs hardly dented employment growth
Even though the state’s three largest hospital systems–IU Health, St. Vincent Health and Franciscan Alliance–eliminated a combined 2,700 jobs, it created just a blip in the long-term run-up in hospital employment.
Indy hospitals, doctors should start a price war
The choice for health care providers is binary: either limit patient choice through restricted networks or preserve patient choice by making price transparency real and usable. Hospitals and doctors would be better served by the latter.
State-of-the-city: Ballard seeks ambassadors
Indianapolis Mayor Greg Ballard's state-of-the-city address touched on crime, schools, neighborhoods, business start-ups and architecture.
Tech startup plans 150 local jobs by 2018
Gusto LLC, a tech startup founded by former ChaCha and Overstock.com executive Shawn Schwegman, said it will invest $975,000 to launch the company and its debut product.
Ballard outlines list of initiatives in annual ‘state of’ address
Indianapolis Mayor Greg Ballard, in his annual State of the City address Thursday night, went through a checklist of potential projects while exhorting citizens to become ambassadors for the city.
Tech firms dangle amenities to lure sought-after workers
Industry goliaths in Silicon Valley have thrown lavish perks at employees for years. As employment in Indianapolis tech firms has skyrocketed in recent years, a lot more companies are looking for workers, heating up competition.
Ivy Tech seeking millions to churn out more degrees
State leaders want twice as many Hoosiers earning post-high-school credentials by 2025 as there are today. And the only realistic way for the state to get there is for Indianapolis-based Ivy Tech to double its enrollment and double its graduation rates.