Merchants Bancorp shares rise in trading debut after IPO
The Carmel-based bank raised $100 million, which it plans to use for a new acquisition and to further fuel growth.
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Lilly shares slide on news of possible sale, spinoff of Elanco
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.
Lilly names new CFO, head of R&D
The appointments mark the latest changes in the Indianapolis-based drugmaker’s executive suite since David Ricks took over as CEO in January.
Deluge of Angie’s List employees enter job market
Approximately 550 employees have either left Angie’s List voluntarily or been laid off since Jan. 31, according to public filings.
Stock skids at Lids’ parent firm after company whacks outlook
Zionsville-based Lids Sports Group posted disappointing sales in its second quarter, mirroring recent results from other athletic apparel retailers. Its parent company is trying to dampen expectations for the overall firm.
Allison Transmission selects its next CEO from inside C-suite
The Indianapolis-based manufacturer’s current chief financial officer will succeed Lawrence Dewey following Dewey’s retirement next year.
IUPUI gives hoops coach Gardner contract extension through 2020
Jason Gardner is 37-58 in three seasons at the school. But with the 1999 Indiana Mr. Basketball Award winner in charge, the Jaguars have improved their victory total each successive season.
Baldwin & Lyons financial exec departs in termination
The Carmel-based trucking insurer says its chief accounting officer is no longer with the company after spending little more than a year in the position.
Amazon’s impact, influence grows in central Indiana
Seattle-based Amazon employs more than 9,000 full-time workers at its five Indiana fulfillment centers, four of which are in central Indiana—with plans to add more positions.
Macy’s, Kohl’s renew fears of intractable retail slump
A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a years-long slump.
Chase CEO drops in to quiz Indianapolis employees
Jamie Dimon and other top executives of the nation’s biggest bank were in town Wednesday to ask local employees about what’s working and what needs fixing. Some could join him on a bus trip.
Dow Agro CEO to take job with farm equipment maker
The departure of Timothy Hassinger comes as Dow AgroSciences’ parent prepares to merge with chemical giant DuPont.
Fast-growing local software firm bought for $80M by public company
Indianapolis-based Archway Technology Partners, which specializes in wealth management, reported revenue growth of 104 percent from 2013 to 2015.
Cummins to announce $80M in Columbus projects with state, local officials
One of the projects will be located at the global headquarters of the Fortune 500 engine maker, and the other will involve construction of a new railroad overpass in the city.
Angie’s List axes 70 Indy positions in latest round of layoffs
The job cuts, which happened Thursday, are part of the company’s focus on “continued operational effectiveness,” a spokeswoman said.
Investors willing to bet on Angie’s List-HomeAdvisor combo as stock surges
A week after the announced acquisition of Angie's List, its shares are trading 38 percent above the offer price—signaling optimism about the forthcoming public company combining Angie's List and HomeAdvisor.
Tech leaders claim mixed emotions about Angie’s List sale
They’re wondering if Angie’s List will be like ExactTarget, whose acquisition spawned job growth, or if jobs will erode over time. They’re also concerned about losing yet another mature, locally based tech firm with a major corporate presence.
Top Simon exec exiting company
David Contis, Simon Property Group’s president of mall operations, is resigning from the Indianapolis-based retail real estate giant to “spend more time with his family,” the firm said in an SEC filing.
Bankrupt HHGregg plans to liquidate if no buyer found in next week
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.
EPA reverses course on safety of Dow Agro pesticide
The Trump administration won’t ban a common pesticide sold by the Indianapolis firm, reversing efforts by the Obama administration to bar the chemical based on findings it could hinder development of children’s brains.