Allegion hires new Carmel-based exec to lead Americas business
Luis Orbegoso, 50, joins Allegion from American Residential Services. He’ll be based in Allegion’s Carmel office and oversee the security-products company’s operations in the Americas.
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Steak n Shake in tight spot as key debt deadline looms
The chain nearly broke even in the latest quarter it reported, no small feat after losing a combined $29 million in 2018 and 2019.
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Longtime Carmel-based Allegion executive shifting to new role
Allegion executive Tim Eckersley, who has led the company’s Americas division since 2013, will shift to lead the company’s operations in other parts of the world.
KAR rethinks strategy for startup after it loses $125M in two years
Auto auction giant KAR Global’s bet on a phone app that facilitates dealer-to-dealer car sales has cost it a fortune over the past two years—so much so that KAR now is retooling its strategy for the fast-growing division.
Quality-control firm launches after key player folds
Entrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered suddenly.
Recession slices into golf business; courses roll out promotions
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
Prolonged woes reshape Connersville, city once known as ‘Little Detroit’
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
Gambling habit puts state at risk
The state’s overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
Progress on the Prairie
It’s good to see Conner Prairie thriving after the rocky years it endured earlier in the decade.
New Community CEO weighs in on system’s future, universal care
IBJ reporter J.K. Wall asked Bryan A. Mills about his new job as Community Health Networks next CEO.
Drugstores expanding on 86th Street corridor
A rough economy hasn’t calmed the grudge match between drugstore giants Walgreen Co. and CVS Caremark.
Purdue student venture fund invests in Kylin Therapeutics
Purdue University’s Student-Managed Venture Fund is betting its bank on West Lafayette-based biotech startup Kylin Therapeutics
Inc.
AIT Laboratories named ‘Small Business of the Year’
The Indiana Chamber of Commerce has named Indianapolis-based health care research and testing firm AIT Laboratories its 2009
Small Business of the Year.
Lilly makes $6.5B acquisition
Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.
Hamilton County businesses expand
Despite the recession, Hamilton County continues to enjoy economic growth from both old companies and new ones.
Kite drops about 10 percent of its staff as retail market flounders
Kite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
Recession forces Shelby County’s largest employer to cut workers
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that
began two years ago.
Chicago’s Jones Lang LaSalle attracts talented local brokers to establish Indy branch
Some of the city’s most prominent commercial real estate brokers have resigned from locally owned Meridian Real Estate to
launch an Indianapolis affiliate of Chicago-based Jones Lang LaSalle.
Bold bets on Hoosier firms yield horrific results so far
The millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value,
leaving them way, way below break-even.
Kosene & Kosene embroiled in 62 lawsuits
Indianapolis developer Kosene & Kosene is battling buyers over a $500 million condo project near Fort Myers.
Analyzing intrinsic value unearths some bargain stocks
investors looking at business valuations likely will conclude there are companies selling at
prices less than their intrinsic values.