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IBJ Staff

Logistics firm to close Plainfield operations, idling nearly 250 workers

Texas-based logistics firm Alan Ritchey Inc. plans to shut down operations in Plainfield that will put 242 employees out of work by mid-October, according to a filing with state workforce officials.... Read More

Residents push back on West Terre Haute carbon capture project

Residents are pushing back against plans for a pair of underground carbon dioxide storage wells in western Indiana. Wabash Carbon Services, is seeking permits to build two wells in Vermillion and Vigo counties to store CO2 produced in fertilizer production.... Read More

Indianapolis chemical maker closing 159-worker plant

Aurorium, which traces its roots to Reilly Industries, is closing a facility at a site that has been home to a chemical manufacturing plant since 1921.... Read More

Ex-employee of Carmel firm sentenced for embezzlement

A former accounting employee for a Carmel-based travel insurance business has been sentenced to almost five years in federal prison after admitting to embezzling more than $2 million from her employer.... Read More

OurBus calls off Indianapolis-Chicago bus service

New York City-based transportation startup OurBus, which began offering a daily route from Indianapolis to Chicago in mid-2019, has stopped offering the service, the company confirmed Wednesday.... Read More

Longtime Indianapolis business leader Jerry Semler dies at 86

Jerry D. Semler, who spent almost a quarter-century in executive leadership at American United Life Insurance Co. and served as a board director for a multitude of central Indiana civic, business, charitable and arts organizations, died Monday at age 86.... Read More

Envelope company closing Indy plant, eliminating 127 jobs

One of the country’s largest envelope companies plans to permanently close its Indianapolis plant, ending employment for 127 workers. In a notice to the state, Cenveo Worldwide Limited said the plant at 6302 Churchman Bypass will close on Sept. 8.... Read More

Fast-growing tech firm Resultant undergoes leadership change

Mark Caswell, who led Indianapolis technology consulting and analytics firm Resultant through a period of tremendous growth, has been replaced by a new chief executive. Resultant says longtime technology consulting executive Greg Layok has been hired as CEO... Read More

Lilly to spend up to $1.93B to acquire Boston biopharmaceutical firm

Indianapolis-based Eli Lilly and Co. has agreed to pay up to $1.93 billion to acquire Boston-based biopharmaceutical company Versanis Bio, which focuses on the development of treatments for cardiometabolic diseases, including those related to obesity.... Read More

Former Greenfield businessman gets prison for Ponzi scheme

An insurance broker who admitted to defrauding investors of more than $1 million while operating a financial services business in Greenfield has been sentenced to 51 months in federal prison, the U.S. Department of Justice announced Thursday.... Read More

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Business growth: Mentoring

Business growth: Mentoring

Mentoring has long been recognized as an indispensable tool for individual growth. It is far more than just advice-givin...

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