The city plans to spend $3 million on infrastructure, lighting and beautification projects in the area, using funds generated within the TIF district.
The approval means roughly 425 stores and 45,000 jobs will be preserved, at least for now.
Debt-burdened FullBeauty Brands has a restructuring plan ready to go that would turn over ownership to its creditors. But a federal trustee wants to tap the brakes.
The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from minimum wage increases in 18 states also likely boosted pay last month.
Despite slipping sales and lost market share, the Elanco animal-health unit is strong and the time is right to explore selling or spinning it off, Eli Lilly and Co. officials said Tuesday.
The trucking giant is canceling its $28 million Mount Comfort headquarters, selling its flatbed unit, and outsourcing its driver schools, to refocus on core business as the industry is expected to boom.
Founded in 2006, Fast BioMedical Inc. plans to use the money to help advance clinical trials and hire additional workers. It develops technologies to measure blood volume and kidney function.
The Indianapolis-based retailer, which has filed for Chapter 11 bankruptcy protection, has filed a plan with the court to close its 132 stores and sell off its remaining merchandise if it can’t find a buyer by April 7.
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
President-elect Donald Trump continues to own or control some 500 companies that make up the Trump Organization, creating a tangle of potential conflicts of interest without precedent in modern U.S. history.
The security-products firm also posted higher revenue, but its results weren’t as good as Wall Street expected.
North American sales for the Indianapolis-based manufacturer dropped 19 percent in the third quarter due to pricing pressure and reduced consumption of machine tools.
Chemical company Vertellus Specialties Inc. says the $454 million deal arranged in bankruptcy proceedings will allow it to continue operations with its current leaders.
The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.
The momentum appears to favor those who wish to remain in the European Union. The betting market Betfair said the probability that the country will stay stands at 86 percent. Optimism in financial markets also points in that direction.
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.