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.
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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.
Proposed parking garage in downtown Noblesville might grow from 4 to 5 floors
County officials said the increasing caseload at local courts justifies building an $11.5 million, five-story garage with an additional 100 spaces.
Salesforce won’t force workers to go into office post-COVID
Salesforce said its work-from-anywhere plan offers the company better ways to broaden its workforce to new geographies and new communities beyond “traditional city centers.”
Allegiant adding nonstop service to Boston, Los Angeles
Routes to both cities begins at the end of May. The airline also plans to offer service from Indianapolis to Rapid City, South Dakota, in August for the Sturgis Motorcycle Rally.
House panel advances pregnancy accommodations bill with virtually no mandates
If it becomes law, House Bill 1309, authored by Republican Rep. Karen Engleman of Georgetown, will allow employees to request accommodations from their employer—something pregnant workers are already allowed to do.
Mall giant Simon saw profit drop last year due to pandemic
Indianapolis-based Simon said it lost about 20% of its total shopping days last year at its U.S. malls because of government-mandated shutdowns related to the pandemic.
Claddagh Irish Pub closes permanently downtown after exit of Plainfield restaurant
The downtown Claddagh opened in 2000 and was the first location in a chain that at one time numbered as many as 17 locations around the Midwest. Most if not all of its locations have since closed.
IBJ Podcast: Spiffing up downtown Indy before March Madness arrives
Host Mason King talks with Downtown Indy Inc.’s Bob Schultz, Keep Indianapolis Beautiful’s Jeremy Kranowitz and the Arts Council of Indianapolis’ Julie Goodman about the projects and cleanups they have planned.
Former Eli Lilly executive giving seven-figure gift to IU Kelley School of Business
The school announced the seven-figure gift from Derica Rice and Robin Nelson-Rice on Monday. The donation will support the Kelley School’s Consortium for Graduate Study in Management.
Peyton Manning takes rightful place in Pro Football Hall of Fame
Manning, the former Indianapolis Colts quarterback whose meticulous attention to detail helped turn the 21st-century gridiron into a chessboard on turf, was awarded his spot on Saturday in his first year of eligibility.
Susan Bayh, former Indiana first lady, dies after long battle with brain cancer
Married to former Indiana governor and U.S. senator Evan Bayh, Susan was the 46th first lady of Indiana and the youngest in 150 years, assuming the role in 1989 when only 29 years old. She enjoyed a distinguished legal career and served on the boards of several major companies in biotechnology, telecommunications and health care.
IMPD ‘excited’ about role in March Madness
Deputy Chief Joshua Barker says the challenge requires lots of planning and coordination—with the NCAA, the Indiana Sports Corp., local businesses, and even other police departments throughout the region.
Hope at Lilly after years of Alzheimer’s failures
Lilly has spent three decades and more than $3 billion trying to find a way to treat Alzheimer’s disease. Its latest drug, donanemab, finally shows real promise.
Auto dealer financing firm in Carmel gets fast start
A veteran of a specialty auto-industry sector called floor-plan financing has launched a lending company that promises independent car dealers funding wherever they buy vehicles.