Auto-auction giant KAR rebrands to reflect global scope
The rebranding of the company coincides with the debut of its new, $80 million headquarters in Carmel.
Latest News
Articles
Indy Chamber endorses Hogsett in mayoral race
The Indy Chamber has endorsed Democractic incumbent Joe Hogsett in this year’s mayoral election, but also praised Republican challenger Jim Merritt for his work in the Indiana General Assembly.
California to let college athletes make money, defying NCAA
California will let college athletes hire agents and make money from endorsements, defying the Indianapolis-based NCAA and setting up a likely legal challenge that could reshape amateur sports in the United States.
Kenzie Academy raises $7.8M in venture capital
The tech apprenticeship and coding school said it plans to use the cash infusion to help it expand its tech-focused educational offerings and grow its enrollment nationally and in Indianapolis.
IBJ Podcast: This vice principal’s ‘barbershop’ helps turn boys into men
Fred Yeakey at Providence Chriso Rey High School in Indianapolis has found a way to encourage high school boys to let their hair down while he helps shape the way they see opportunities.
Forever 21 fashion chain files for Chapter 11 bankruptcy
Indianapolis-based Simon Property Group counts Forever 21 as its sixth-largest mall tenant, excluding department stores, with 99 outlets covering 1.5 million square feet, as of March 3.
Indiana election upgrade still leaves widespread use paperless voting
Security experts have urged for adoption across the country of paper-based voting systems, saying they are less vulnerable to manipulation and election workers can use those records to audit results.
Justice Department supports archdiocese’s right to fire teacher in same-sex marriage
The Justice Department weighed in after a former Cathedral High School teacher in a same-sex marriage sued the archdiocese over his dismissal.
Tech exec sees ‘newbie’ status as political asset
Democratic gubernatorial candidate Josh Owens, the 34-year-old CEO of tech firm SupplyKick, has never held elected office. But he doesn’t consider that a bad thing.
Turning boys into men one haircut at a time
During a weekly barbershop session Vice Principal Fred Yeakey holds at Providence Cristo Rey High School, the educator works to “groom the outer man while guiding the inner man,” as he puts it.
Q&A: Bosma’s first blind CEO embodies group’s vision
Severely wounded while serving in the Middle East, Jeff Mittman underwent dozens of surgeries and years of rehab while trying to figure out how he could again provide for his family.
Auction giant KAR sees industry’s transformation as opportunity
CEO Jim Hallett predicts that 2019 will be the peak year for brick-and-mortar auto auction volumes, but company officials aren’t sitting around wringing their hands and wishing for the past.
Experts say CIB is thin on liability coverage for event venues
The board carries $56 million in liability insurance for its facilities, including a $1 million general liability policy and a $55 million umbrella policy.
Ambrose is mum, but experts say it likely ran into financing problems for $1.4B Waterside
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.
Big Woods to open in Noblesville
The new 7,700 square-foot restaurant will open this winter. The restaurant will open at 14741 Hazel Dell Crossing in a space that formerly housed a Giuseppe’s Italian Market. Renovations of the space are already underway.
Bottleworks signs two more retail tenants
Good Neighbor, an upscale apparel store, and Pumkinfish, a gift shop that focuses on products made by Indiana artisans, will be a part of the first phase of the $300 million project.
U.S. durable goods orders edge up 0.2% in August
Orders for durable goods edged up 0.2% in August after a much bigger 2% gain in July, the Commerce Department reported Friday. The volatile commercial aircraft sector dropped sharply.
Ambrose is scrapping $1.4B Waterside plan at former GM stamping plant
The development company told IBJ in a statement that it plans to reposition its business to focus on e-commerce and industrial development and away from mixed-use and office projects, including Waterside.
Tech firm’s device helps fetch Fido
As a former police officer, Jordan Hetlund knows the value of keeping track of police dogs that can represent a five-figure investment for cities and towns. As a dog-lover, the native Hoosier knows how precious pet dogs and cats are to their owners. So in 2017, he founded Indianapolis-based Furtrieve LLC and spent a year developing a device that helps track the whereabouts of domestic animals.
NBC says IndyCar viewership climbed 9% in first year of media deal
The eight broadcasts on NBC had an average of 929,000 total viewers—up 3% over the four non-Indy 500 races on ABC last year. NBCSN broadcast the other eight races on the schedule.