The country’s leading newspaper union issued a scathing analysis of the proposed Gannett-GateHouse merger Friday, saying the deal would drive down wages and employment for journalists at hundreds of newspapers. The merger will affect a dozen newspapers in Indiana.
Despite IndyCar’s modest progress in recent years, it still faces significant obstacles, including the need for more corporate sponsorships, a broader fan base and higher TV ratings.
The 110-year-old speedway is one of the most famous venues in sports and home of the Indianapolis 500, a showcase event with a long history.
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
A deal that will make Penske Corp. the owner of Indianapolis Motor Speedway and the IndyCar Series received overwhelmingly positive reactions from motorsports insiders on Monday morning.
CEO Carlos Tavares, who used to run Nissan in the Americas and knows the U.S. market well, will not shy away from trimming unprofitable models and brands.
The deal is expected to give the merged firm enough scale to confront big shifts in the auto industry, including the race to develop electric cars and driverless technologies. And with 2,640 dealers across the U.S., Fiat Chrysler would have a ready distribution network for Peugeot’s lines of city-friendly cars, family sedans and SUVs.
A merger would create the fourth-largest automaker, with a combined market value of around $50 billion, and the potential for big savings in Europe.
Tiffany & Co., which has one store in Indianapolis, owns luxury labels ranging from Givenchy haute couture to Sephora cosmetics stores, Hublot watches, Bulgari jewelry and Dom Perignon Champagne.
Acapulco Joe’s, 365 N. Illinois St., has been acquired by Ezequiel Fuentes, who owns or co-owns nine other Mexican restaurants in the region, including one in Zionsville. It will close for a couple of weeks for renovations.
Improving Kids’ Environment, a 20-year-old not-for-profit that works to reduce toxic risks for children, is now part of the Hoosier Environmental Council, the groups announced Thursday.
In a move that’s expected to transform the Indiana legal landscape, Bingham Greenebaum Doll has announced it will be combining with Dentons, the world’s largest law firm.
A seed is an appropriate metaphor for Beck’s Hybrids, while its competitors in the fast-consolidating farm-seed industry might be compared to the towering plant in Jack and the Beanstalk.
Cleveland-based Everstream Solutions LLC announced Tuesday that it has agreed to buy a 200-plus-mile Indianapolis-based fiber network from Dallas-based DataBank Ltd. and quadruple the network’s size. The service area will expand to cover Indianapolis and parts of Hamilton County.
Local trade show producer Renfro Productions & Management Inc. has expanded its reach into Ohio by acquiring two longtime outdoor-sports trade shows in Cincinnati.
Allison, which makes automatic transmissions, acquired one of its long-time suppliers, plus a company that makes tools for that supplier.
Once the combination is completed Jan. 1, Taft will grow to more than 600 lawyers spread across 12 offices located primarily in the Midwest.
Fishers-based tech firm Formstack is growing so fast, it’s considering opening a second local office, possibly in downtown Indianapolis. Formstack has made four acquisitions in eight months and five in 20 months and now has 200 employees and offices in multiple states. Company officials say there are no plans to slow the growth.
New York-based investment firm New Mountain Capital says it plans to help Muncie-based Ontario Systems LLC—which has been in growth mode—further expand.
Investors appeared to be nervous over the rich price of the deal and the amount of debt that Elanco will take on to finance it.