Carson’s parent Bon-Ton planning to close 40 stores
Bon-Ton, which operates 260 department stores under several names across 24 states, has just one store in Indianapolis, but that store is the only anchor in Circle Centre mall.
IBJ Staff
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EDITORIAL: Leadership void imperils mall
As the mall’s corridors decline steadily, with vacant storefronts increasing and second-tier tenants like an indoor-miniature-golf course replacing national chains, no one is stepping up publicly to champion a solution.
Vacant Hobart hospital acquired by Franciscan
The single-story, 35,000-square-foot building is on 17 acres on the southwest corner of 61st Street and Lake Park Avenue, south of the St. Mary Medical Center.
IU Health loses, recovers patient info in Muncie
The Indianapolis-based health system said Nov. 3 that it recovered the bag of paperwork within hours and began an internal investigation.
St. Vincent to open clinic inside Gleaners Food Bank
The clinic, at 3737 Waldemere Ave., will offer treatments for minor injuries and illnesses that do not require a visit to the emergency room.
UPDATE: Caesars deal could create gambling juggernaut in Indiana
If Caesars Entertainment is successful in buying Hoosier Park and Indiana Grand, it would have an interest in four of the state’s five largest casinos. The acquisition reportedly is in the works.
Calumet Specialty warned by Nasdaq for delaying quarterly report
Indianapolis-based Calumet Specialty Products Partners announced Nov. 10 that it was “in the later stages of an enterprise resource planning (ERP) system implementation,” which delayed the third-quarter report.
Pizza restaurant in Carmel closing; owners blame traffic woes
The owners of a 16-year-old pizza and sandwich eatery in Carmel say the massive U.S. 31 reconstruction project “gutted” their business, leaving them with no choice but to close.
Report: Indy not among finalists to join Major League Soccer
Sacramento, Cincinnati and Nashville are finalists to land expansion clubs, according to a report from Sports Illustrated soccer writer Grant Wahl.
Baldwin & Lyons sees quarterly increase in premiums, profit
Carmel-based insurer Baldwin & Lyons Inc. bounced back from its first money-losing quarter in almost six years by recording growth in both profit and premiums during the third quarter.
Carmel software firm Determine sees improved quarterly results
Determine Inc., a software firm that moved its headquarters from Silicon Valley to Carmel last year, saw more revenue and a smaller loss than a year ago.
Bring offshore profits home—but companies shouldn’t squander cash
There is an estimated $2.6 trillion in profits that companies have made in other parts of the world—and are leaving there to avoid paying hefty taxes on the earnings when they transfer the money to the United States.
After 29 years, Fishers Freedom Festival coming to an end
The city’s decision to end support has made the annual summer event financially impossible, organizers said.
Pence pays tribute to late Indiana economist Bill Styring
Vice President Mike Pence said Indiana economist William Styring III, who died Monday, will long be remembered “for his life of humble service and commitment to economic freedom.”
Mild weather hurts IPALCO’s results
IPALCO posted a profit of $33.2 million on revenue of $355.3 million in the latest quarter. That compared to profit of $47.3 million on $361.3 million in revenue in the same quarter a year earlier.
State awards $900,000 for conservation projects
Twenty-five soil and water conservation districts across Indiana will receive nearly $900,000 in grants awarded by the Indiana State Department of Agriculture and the State Soil Conservation Board.
Gasoline prices in Indiana exceed national average
The average price of regular gasoline in Indiana has topped $2.70 for several days, about 8 percent higher than the national average, which has been hovering around $2.50, according to AAA.
Sun King adding sausage-centric restaurant to downtown brewery
Oca, which opens Friday, is operated by a familiar name and will feature a variety of house-made game, vegetarian and seafood sausages paired with different cheeses.
Steak n Shake suffers first quarterly loss since last decade
Third-quarter revenue and customer traffic also declined for the Indianapolis-based restaurant chain.