Greeting card chain with local store going out of business
Retail chain Papyrus is closing all 254 stores in the United States and Canada, the parent company’s chief executive said Tuesday.
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Boeing doesn’t expect Max jet to be cleared until summer
That timetable—the latest of several delays in the plane’s approval process—will create more headaches for airlines by pushing the Max’s return further into the peak summer travel season or possibly beyond it.
Indy Championships Fund raises more than $20M for major sport events
The money is expected to go a long way in funding three events on the city’s calendar: the NBA All-Star Weekend and the NCAA Men’s Basketball Final Four in 2021 and the College Football Playoff National Championship in 2022.
Lilly to build $470M manufacturing plant in North Carolina
Eli Lilly and Co. said it considered sites in Indianapolis and Pennsylvania but chose North Carolina for quality of life, cost of operations and geographical diversity.
Celadon selling Andy Warhol prints as part of bankruptcy
The Warhol screen prints, four brightly colored pieces depicting tractor trailer trucks, hung in the trucking company’s corporate offices.
Hoosier Energy to close Sullivan County power plant in 2023
An energy cooperative announced Tuesday it will close a southwestern Indiana power plant in 2023, affecting 185 workers.
Lilly spin-off putting nearly 1,200 acres up for auction by Greenfield
The land formerly was owned by Eli Lilly and Co. and then was included in Elanco’s 2018 spin-off from the pharmaceutical company.
Acquisition merges two Indianapolis-based landscaping companies
The owners of landscaping firm Heath Outdoor LLC have acquired True North Landscaping LLC, creating an Indianapolis-based company that is expected to have 60 employees and bring in $5 million in revenue this year.
Fishers Test Kitchen makes chef replacement before opening
Chef Leisha Berg has decided to “step away from the project,” Fishers city officials announced Monday. Berg had planned to run West Coast Nook, featuring California-inspired street food.
New High Alpha firm creates tech to connect citizens to police
High Alpha on Tuesday announced the startup of Relay, which makes software designed to help citizens connect more easily with police departments for non-emergency calls.
Schmidt Associates buys Louisville architectural firm
Schmidt Associates principal and CEO Sarah Hempstead said her downtown firm has been looking to expand by tapping into new markets.
Climate not considered top-10 risk in survey of CEOs
In its annual report ahead of the World Economic Forum in Davos, financial services group PwC said climate change and environmental issues are ranked by chief executives as the 11th biggest threat to their companies’ growth prospects.
Hundreds of Indiana warehouse workers face job uncertainty
A subcontractor is taking over the facility for Chinese-based appliance maker Haier Group, and current employees are being asked to reapply for their jobs.
Watermark raises $105M for high-end apartment projects
Since 2010, the Indianapolis-based multifamily developer has constructed more than 40 projects consisting of more than 11,000 multifamily apartment units across 11 states.
James Dean revival spurs debate on raising the digital dead
The men bringing Indiana native Dean back to life for a forthcoming film are aiming not just to give his digital likeness a role, but a whole new career.
Indiana’s infant mortality rate at its lowest in 6 years
In 2018, 7.3 out of every 1,000 babies born in Indiana died in their first year of life, one of the highest rates in the nation. Last year, the rate dipped to 6.8 per 1,000.
Two more counties end library late fees
The Monroe County Public Library collected about $79,000 in overdue fines last year, but the amount saved by freeing staff from collecting fines is expected to mitigate the revenue loss.
IBJ Podcast: Here’s why the feds are suing Community Health with help from a whistleblower
IBJ’s John Russell has written about the Community case and talks with host Mason King about the details, what it means for Community Health and how the lawsuit fits into a larger effort by the federal government to claw back what it considers “unjust enrichment” by hospital systems.
Indiana lawmakers mull bill that could limit Lake Michigan beach access
The bill would undo a landmark Indiana Supreme Court ruling that affirmed that the shoreline of Lake Michigan is unquestionably owned by the state and held in trust for use by all residents.
Legislator seeking end of state’s U.S. Senate primaries
Sen. James Buck of Kokomo said delegates at a state party convention would select the best Senate candidates and that eliminating primary campaigns would make running for office less costly.