A 33-year-old Simon becomes force inside family company
Eli Simon, whose grandfather and great-uncles founded Simon Property Group more than a half-century ago, is quietly emerging as a key executive in the retail real estate empire.
Greg Andrews
Articles
Steak n Shake preps for self-service transformation
The Indianapolis-based chain, which previously announced plans to convert from table service service, now says it will cut costs further through “advanced self-service”
Ponzi schemer Cochran escalates fight for early release on COVID grounds
Jim Cochran, who is serving a 25-year prison sentence for his role in the Fair Finance fraud, says he has undergone a religious conversion that no longer makes him a risk to society.
Inside the tussle between two of Indy’s retail icons
The fate of a Steak n Shake that has been a fixture in Nora for more than 40 years may rest on how much slack a local judge will give the Indianapolis-based company. But a court ruling against the company could clear the way for a new Crew Carwash.
Key departures likely mean new strategy for Strada Education Network
The two highest-paid executives departed the powerful education not-for-profit in recent months, an indication the Indianapolis-based organization is rethinking aspects of its strategy.
IU names Pamela Whitten of Kennesaw State University its new president
Board members said Whitten’s success in fundraising, enrollment growth and improving diversity among students and faculty were key to their decision to choose her after a national search.
Steak n Shake’s lenders say restaurant chain still owes millions
The Indianapolis-based company has declared itself debt-free, but the lenders say they’re owed more than $8.5 million.
Public companies using SEC filings to talk up diversity, but few sharing data
Eli Lilly and Co. included in its proxy statement an intricate graphic breaking down the presence of women and minorities in its overall workforce and in management.
Pier 48 soldiers on as restaurant’s owners brawl in court
The latest salvo was fired by Keith Stucker, an Indianapolis investment adviser who started Pier 48 with Fred Knipscheer, a former hockey player who entered the restaurant business more than a decade ago.
Flurry of resignations helped place storied insurer on path to sale
Protective Insurance Corp. soon will disappear from Indiana’s public company rolls, and part of the reason is Steve Shapiro, a guy you probably have never heard of.
The inside story: How Indianapolis landed the NCAA headquarters
A two-year courtship that pitted Indianapolis against some of the largest U.S. cities culminated in the May 1997 announcement that Indianapolis had snagged the headquarters.
Marsh bankruptcy leaves creditors with losses of $340M
The trustee liquidating the grocery chain this month asked the court to close the case, saying he had wrapped up the process of selling off assets and turning proceeds over to creditors.
March Madness TV-rights price tag continues to soar
The media landscape is in the throes of dramatic change that creates uncertainty but also adds to the value of events like the NCAA Men’s Basketball Tournament that attract huge live audiences.
Real estate firm’s bet on senior health care takes painful turn
The past year has been awful for Carmel-based Invesque, as COVID-19 hurt the full gamut of its health care real estate portfolio, from nursing homes and office buildings to memory-care and assisted-living centers.
NY hedge fund’s meltdown could cost clients of Carmel investment firm millions
Indie Asset Partners customers are upset that the hedge fund, which was supposed to spread out funds to dozens of money managers, instead concentrated the money with a single manager whose performance tanked early last year.
Report: Steak n Shake might file bankruptcy as early as next week
The struggling Indianapolis-based company lacks the cash to pay off a $153 million loan that comes due March 19. It also has been exploring out-of-court solutions.
Lilly’s flush pipeline makes it Wall Street darling
If you follow the daily drumbeat of news emanating out of Lilly Corporate Center, you might not grasp how phenomenally well the company is poised to perform in the coming years.
Laikin’s second SPAC IPO has strong trading debut
Novus Capital Corp. II raised $250 million, capital it plans to plow into the purchase of a company or companies in the “smart technology innovations” market.
Anthem paying $594M to settle antitrust litigation, but deal terms might fuel growth
Paying a half-billion-dollar settlement might seem painful, but health care observers say resulting changes to Blue Cross Blue Shield rules are so favorable to Anthem’s growth prospects that the deal is a huge win.
SPACs sound arcane, but make buckets of money for Indy investors
A nontraditional way to take companies public is booming on Wall Street, leading to an unprecedented explosion of deals.