Parent of Applebee’s, IHOP to close up to 160 restaurants
DineEquity Inc., the parent company of Applebee’s Neighborhood Bar & Grill and IHOP, is planning to eliminate as many as 160 of the restaurants, the company said Thursday.
IBJ Staff
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EDITORIAL: Program for blind deserves saving
The Veterans Administration’s policy change to discourage the use of not-for-profit agencies serving people who are visually impaired is misguided.
Baldwin & Lyons posts first quarterly loss since 2011
The Carmel-based insurer said it experienced some “infrequent, but severe” loss events during the quarter.
Brooks confirms plan to open local distribution center with 130 workers
Browning/Duke Realty is expected to spend $15 million to build the 400,000-square-foot facility and Brooks Running Co. plans to spend nearly $11 million to equip it.
Old National making entry into Minnesota with $303M acquisition
Old National Bancorp. announced plans Tuesday to acquire St. Paul, Minnesota-based Anchor Bancorp Inc.
NAPA Balkamp moving 190 employees from Indy to Plainfield
The town of Plainfield announced Friday morning that auto parts distributor NAPA Balkamp will move its corporate headquarters from Indianapolis to the former Galyan’s Trading Co. building.
Calumet Specialty posts first quarterly profit in two years
The Indianapolis-based refinery company earned an unexpected profit in its latest quarter, breaking a string of seven straight money-losing periods.
PROXY CORNER: Determine Inc.
Carmel-based Determine Inc. develops and sells procurement software.
Elevate provides $1.5M to southwestern Indiana
A pool totaling $2.5 million will fund investments in local businesses, portfolio services, events for entrepreneurs and investors, marketing support, business coaching, access to professional resources, and more.
Study: Indiana ranks 17th in data innovation
The rankings are based on three areas considered key to enabling data-driven innovation: “the availability of high-value data sets, the creation of important technologies, and the development of human and business capital.”
Tech jobs announcements in 2017 already top total for all of last year
Technology firms accounted for nearly one-third of job commitments announced by the state so far this year, the highest share among all industries.
EDITORIAL: City gets creative with Carrier cash
The city of Indianapolis' unusual offer to spend up to $2,000 per displaced Carrier employee deserves careful evaluation to determine its effectiveness.
Allegiant to open $40M aircraft base at Indianapolis International
The Las Vegas-based airline said the Indianapolis base will create 66 high-paying jobs and allow the company to offer more routes from Indianapolis in the future.
Five Seasons sports club in Carmel to close in September
Company officials say the closure will be permanent and cost 84 employees their jobs. The decision comes a year after the owner of the club filed a request to rezone the property to allow for possible redevelopment.
Simon Property tops quarterly estimates, raises full-year guidance
Shares in the Indianapolis-based mall owner rose in early-morning trading Tuesday after the company increased its quarterly dividend and its full-year guidance for 2017.
Former Estridge Homes controller sentenced to 21 months in prison
Thomas Carter of Fishers had pleaded guilty to diverting more than $340,000 of company money into his own bank accounts.
Insurance agencies agree to merger
The two firms that are merging, Brownsburg-based Hometown Insurance and Zionsville-based Ward Insurance Services, have a combined 16 employees.
Bank of America veteran to serve as market chief
Andy Crask has worked for Bank of America in Indianapolis since 2000, most recently as a senior relationship manager for global commercial banking.
EDITORIAL: Health care debate needs sanity
What we need is reasoned debate by smart people willing to put politics aside to find answers—probably answers that no one will find wholly satisfying but could become the basis of a health care system that is fair and affordable and can change with technology and innovation that is constantly evolving.
Southwest to add seasonal flights from Indianapolis to Mexico
Southwest Airlines plans to add weekly nonstop flights from Indianapolis to a popular Mexican vacation destination starting in March, the carrier announced Thursday.