Local steel fabricator acquired by Chicago-based investment firm
Indianapolis-based Circle City Rebar will continue to operate under the leadership of Frank Davis, who founded the firm in 2005.
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East-side apartment complexes sold for nearly $26M
The complexes are expected to receive upgrades from their new owners—one of which has collected three other apartment properties on the east side in the last four years.
Agreement on North American trade pact finally reached
House Speaker Nancy Pelosi on Tuesday announced agreement on a modified North American trade pact, handing President Donald Trump a major Capitol Hill victory on the very same day that Democrats announced their impeachment charges against him.
Democrats unveil two articles of impeachment against Trump
House Democrats announced two articles of impeachment on Tuesday morning charging President Donald Trump with abuse of power and obstruction of Congress.
Fast-growing contractor Gemco acquires Carmel firm
Indianapolis-based Gemco Constructors LLC has acquired Carmel-based Real Mechanical Inc., a mechanical contracting firm founded in 1978.
Bloomington council member plans run against Hollingsworth
Andy Ruff announced his campaign Monday to become the Democratic nominee in the 9th District. The district stretches from the Ohio River near Louisville to the southern Indianapolis suburbs.
Westfield to consider up to $6M in bonds for $32M Union Square project
The Westfield City Council on Monday created a special allocation area Monday for Carmel-based Old Town Cos.’s planned Union Square at Grand Junction residential and retail development.
Consulting firm allows Buttigieg to release names of clients
The Democratic presidential contender also pledged to open his fundraising events to the news media and provide the names of key fundraising organizers.
UPDATE: Colts’ Vinatieri set for season-ending knee surgery
The 46-year-old kicker had an MRI on his left knee last week after posting career-worst numbers this season.
Council president removes councilor pay hike from agenda ahead of meeting
The council was scheduled to vote on the measure Monday night after a committee last month voted to send it on to the full council with a positive recommendation. But Council President Vop Osili announced just an hour before the meeting he had removed the item from the agenda.
Fed likely to reinforce message of continued low rates
Persistently low inflation and steady if sluggish economic growth have led many Fed officials to rethink their view of the so-called “neutral rate.” This is the point at which the Fed’s key rate is believed to neither accelerate economic growth nor restrain it.
Celadon shutdown to create shipping headaches for Fortune 500 firms
The company moved goods for many well-known companies, including Alcoa, General Electric, John Deere, Philip Morris, Procter & Gamble, Target and Walmart.
Trump, Dems in tentative deal on North American trade pact
The new, long-sought trade agreement with Mexico and Canada would give both Trump and his top adversary, House Speaker Nancy Pelosi, a major accomplishment despite the turmoil of his likely impeachment.
Big Ten football title game draws near-record crowd
The contest was only the second deemed to be a sellout by the Big Ten in the title game’s history. The other came in 2015 when Michigan State played Iowa in a battle that featured two teams ranked in the top five.
Nestle to spend $200M to expand Anderson plant, hire 30 workrs
The company is asking the Anderson City Council for a tax break as part of a plan to install new equipment at the factory along Interstate 69.
Supreme Court leaves Kentucky’s ultrasound law in place
Planned Parenthood of Indiana and Kentucky Inc. is among the organizations that have petitioned the courts in opposition to the ultrasound law.
IPL to retire two of its four remaining coal-fired power units by 2023
The Petersburg Generating Station, about 120 miles southwest of Indianapolis, has been called a “super polluter” by environmental groups, with violations for excess sulfur dioxide, nitrous oxide particulate matter and sulfuric mist.
Alaska Airlines adding seasonal flight from Indy to Seattle
The flights from Indianapolis International Airport to Seattle-Tacoma International Airport begin May 21. They will feature local departure times of 8 a.m. and local arrival times of 6:30 a.m.
Apex Benefits says it’s buying office building, adding up to 55 jobs
The employee-benefits consulting and brokerage firm said it is investing $6.7 million to acquire and renovate a 30,000-square-foot office building on the north side of Indianapolis.
IBJ Podcast: Butler prez talks university’s finances, future as challenges loom
Butler University President James Danko tells podcast host Mason King that the school is taking seriously the financial stressors hitting small, private colleges and expert predictions that many could go bankrupt in the next 10 to 15 years.