Allison Transmission expects revenue, profit to rebound this year
Allison Transmission’s fourth-quarter financial performance exceeded analysts’ revenue expectations but fell short of profitability forecasts.
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Central Indiana homebuilders off to hot start in 2021
Fresh off their busiest year since 2006, area homebuilders continued to see heavy interest from buyers in January, the Builders Association of Greater Indianapolis announced Wednesday.
Town of Speedway again exploring legal options for delayed Wilshaw hotel
Town officials have grown “frustrated by a lack of transparency and communication from Loftus Robinson despite our multiple requests,” as well as the firm’s effort to continue batting away responsibility for the project.
Senate taking different approach to tighten governor’s executive powers
The Senate Rules and Legislative Procedure Committee on Tuesday night voted 12-0 to approve Senate Bill 407, which would prevent the governor from continuously renewing statewide emergency orders without the approval of the Indiana General Assembly.
Dozens of Newfields employees sign letter calling for ouster of Venable
The letter said staff members spent four hours Monday “listening to members of senior leadership attempt to explain themselves, their actions and their plans,” but were left feeling “more distrustful and confused” about their future after the meeting.
Carmel-based Protective Insurance to be acquired by Progressive
Insurance giant Progressive is purchasing Protective in a stock deal worth $338 million. Protective, known as Baldwin & Lyons Insurance until 2018, is the Indianapolis-area’s 12th largest public company in terms of annual revenue.
Keystone plans to add school, apartments to Broad Ripple parking garage
Keystone Corp. would replace the former Chase Bank branch in the 6200 block of College Avenue with a five-story building adjacent to the garage, while adding two levels of apartments atop the parking structure.
COVID-19 lawsuit immunity bill heads to Holcomb
Senate Bill 1, authored by Sen. Mark Messmer, R-Jasper, gives businesses, not-for-profits, schools and religious institutions immunity from COVID-19 civil liability lawsuits.
IBJ Podcast: Why business execs are pushing back against legislative interference in Indy
More than 60 business and not-for-profit executives have signed a letter telling lawmakers to back off proposals that would restrict or usurp power from city government in Indianapolis.
Newfields says it regrets describing its ‘core’ audience as white in job description
The museum said the description—part of a post seeking a new director for the Indianapolis Museum of Art, which is part of the complex—comes out of an effort by Newfields to be “truly inclusive.” However, it said the wording was “divisive rather than inclusive.”
Report: Steak n Shake might file bankruptcy as early as next week
The struggling Indianapolis-based company lacks the cash to pay off a $153 million loan that comes due March 19. It also has been exploring out-of-court solutions.
Indians extend affiliation with Pittsburgh Pirates through 2030
As part of realignment of Minor League Baseball, the Indians will compete in the new 20-team Triple A East division after more than 20 years in the International League.
Entrepreneur launches new kind of golf club
Longtime media professional Adam Grubb has co-founded Stick and Hack, an online golf community that offers a website, podcast, daily email and a cartoon called “Hack Mulligan.”
Kite Realty reports better-than-expected 4Q results
Indianapolis-based Kite Realty Group Trust beat analyst expectations with its financial performance in the fourth quarter despite a decline in revenue and funds from operations.
Indiana ‘missed big’ by not adopting work share, report says
Researchers who have studied work-share programs—which have been implemented in 28 states—say thousands of Indiana workers have been unnecessarily laid off.
Taft builds new lobby group with Ice Miller transplants
The former Ice Miller employees—including Lacy Johnson and John Hammond III—will form the core of Taft’s new 14-member Public Affairs Strategies Group, 11 professionals plus three support staffers.
Splenda maker sues Speedway chain over knockoff sweetener
Carmel-based Heartland Consumer Products says Speedway offers knockoff sweetener in packets that are too similar to Splenda’s packaging, which could confuse customers.
House Republicans opt to invest in one-time grant programs in budget proposal
The $36.3 billion two-year budget proposed by the House GOP on Thursday would make a handful of one-time investments in small businesses, regional projects, student learning loss, health initiatives, broadband and police training.
More than 60 execs sign letter urging lawmakers to resist ‘heavy-handed limits’ on Indianapolis government
The letter—signed by leaders at Eli Lilly and Co., Elanco, OneAmerica, Anthem Inc., IU Health, Salesforce and Roche Diagnostics, among others—acknowledges that the city faces economic, housing and crime problems, but the executives say they believe local officials are the ones best equipped to tackle those challenges.
Carmel-based CNO acquires employee benefits administrator for $50M
The benefits administrator, DirectPath LLC, offers a variety of technology-driven services for employees and employers.