Elanco shares jump after company exceeds quarterly expectations
It was the best quarter yet for Elanco since its spinoff from former parent Eli Lilly and Co. in 2018.
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Lawmakers to return to Statehouse with chance to override two vetoes
Lawmakers are set to return to the Indiana Statehouse on Monday to make technical corrections—a session in which they could also vote to overturn two vetoes by Gov. Eric Holcomb, including one affecting orders issued by local health departments during a public health emergency.
Hamilton Town Center multiplex to reopen as luxury theater
Michigan-based Emagine said it expects to reopen the Noblesville theater this summer. The theater’s previous operator filed for bankruptcy last year.
More than 2 million Hoosiers now fully vaccinated
Despite the rising vaccination numbers, COVID-19 cases in Indiana rose again and hospitalizations hit to their highest mark since mid-February
KAR’s stock spikes following acquisition of software firm
Auction Frontier sells a cloud-based software called Velocicast that is the backbone of KAR’s live, online auto auctions.
Cummins raises full-year outlook after better-than-expected quarterly results
Indiana-based engine manufacturer Cummins Inc. on Tuesday reported first-quarter revenue and profit that exceeded analyst expectations.
Veteran franchisees bringing Dave’s Hot Chicken chain to Indy
A Fort Wayne-based franchise group that operates 45 Pizza Hut locations, including some in Hamilton and Boone counties, has signed a deal to open 15 Dave’s Hot Chicken locations in Indiana. Most are expected to be in the Indy-area market.
After year off, Indiana State Fair will return this summer
The Indiana State Fair Commission announced Tuesday that the fair will be July 30 to Aug. 22 but may look a little different to meet health requirements.
Carmel City Council OKs $25 million bond with minor modifications
The Carmel City Council approved the issuance of $25 million in tax increment financing bonds Monday after holding eleven public meetings to discuss and evaluate the city administration’s request.
IBJ Podcast: Patio and yard goods are still hot—and some are in short supply
Host Mason King talks with two retailers—Scott Horvath, owner of O’Malia’s Living, and Pat Sullivan, who owns owner of three Sullivan’s Hardware & Garden stores plus Allisonville Home & Garden by Sullivan—about what customers want and why the supply chain is struggling to keep up.
IPS moves forward with $5 million in busing cuts
With little opposition, the Indianapolis Public Schools board on a 6-1 vote approved cutting school bus service for about 600 high schoolers.
With pups and personal service, Trust Hardware invests in brick and mortar
The company’s three stores are open 24/7. Each has a resident dog. You can also pick up everything from power tools to local honey to live bait. What you can’t do, at least for now, is order online.
Duke Energy’s $2B deal with Singapore raises eyebrows
The huge investment by a foreign government is unprecedented for Indiana utilities, which typically raise capital through more traditional routes, such as selling debt through investment banks.
Clamor for gardens escalates even as pandemic restrictions ease
Local home and garden stores are continuing to struggle to meet the pandemic-fueled demand that began last spring.
Amazon’s profit more than triples as pandemic boom continues
Fueled by the growth of online shopping, Amazon posted revenue of more than $100 billion, the second quarter in a row that the company has passed that milestone.
Indy Eleven reaches sports betting deal with BetRivers
The agreement provides for a sleeve logo on the Indy Eleven’s 2021 jerseys, along with sponsorship of the 30-minute postgame TV show following every home game broadcast.
Indoor concerts about to return to Indianapolis-area venues
Hilbert Circle Theatre in downtown Indianapolis, The Palladium in Carmel and The Vogue in Broad Ripple are among the venues that are getting back to business starting as soon as Friday.
Allison Transmission raises sales forecast amid ongoing pandemic recovery
The Indianapolis-based manufacturer said it expects 2021 net sales to range from $2.33 billion to $2.48 billion. That’s an improvement from the guidance the company issued in February.
Indy Eleven limiting first home game to season ticket holders
The team is set to host all 16 of its regular-season home games at IUPUI’s Michael A. Carroll Stadium this season after playing the past three seasons at Lucas Oil Stadium.
Toyota hiring 1,400, investing $803M to expand production at Indiana plant
Production of two new electric vehicles—one branded Toyota and the other in the Lexus line—is expected to begin in mid- to late 2023 at the plant in Princeton.