Steak n Shake Co. has recorded its 14th consecutive quarter with a same-store sales decline. The locally based chain reported a 1.4 percent drop in same-store sales for the first quarter, which ended Dec. 17. The chain saw its revenue fall 6.7 percent in fiscal 2008, for a fiscal year loss of about $23 million. […]
November was another bleak month for the Indianapolis-area housing market, with the number of units sold tumbling 29 percent compared with a year earlier. Sales in the 13-county Indianapolis area totaled 1,448 for the month, compared with 2,028 in November 2007, according to the Metropolitan Indianapolis Board of Realtors. The latest month was weak by […]
Property-tax caps should help Hoosier homeowners save a bundle next year.
If the city is serious about continuing to use amateur athletics as an economic tool, more collaboration among the university,
city leaders and sports organizations is clearly needed.
The Indianapolis Indians made $1.23 million this year on $8.7 million in revenue, according to the publicly traded company’s
most recent financial disclosure.
Apartment developer Christopher Piazza has closed on financing for a $1.2 million renovation of a 1914 apartment building
in Irvington.
This fall, Brooke’s Place used a $100,000 gift from the Levin Living Trust to start individual counseling.
Paul Hunt, a partner with Barnes & Thornburg, recently decided to pay seven months’ studio rent for two artists at Harrison
Center for the Arts. And the Columbia Club on Monument Circle is looking for new members.
State and federal highway agencies have approved the final environmental impact statement for the 13-mile rebuilding of U.S.
31 from Interstate 465 to 216th Street.
Sen. Evan Bayh’s campaign efforts on behalf of Barack Obama may soon pay off for Indiana’s alternative power industry. A Bayh spokeswoman said the Democrat will stage a press conference at 1 p.m. at Indianapolis Motor Speedway. He’s expected to announce efforts to secure part of President-elect Obama’s economic stimulus package on behalf of Indiana’s […]
People who want to position themselves for the best jobs in the Indianapolis area through 2016 would do well to bone up on technology. The Indiana Department of Workforce Development says in its annual Hoosier Hot 50 jobs forecast that computer software engineers will offer the best combination of job growth and high wages. In […]
Maarten van Wijk, the general manager hired by The Columbia Club in 2007 to polish its lackluster operations, has been lured back to Hershey, Penn. Club President Gregory Harris informed members of van Wijk’s impending departure in a Dec. 9 letter. “While it is a great disappointment that Maarten is leaving, I am pleased that […]
A New York state developer that proposed a recreation and entertainment complex near Daleville a year ago is still pursuing the project. This time, according to The Star Press of Muncie, the complex would be located farther north of the town but still close to Interstate 69. Daleville is between Anderson and Muncie. Developer Joe […]
An effort to raise the high school graduation rate in Indiana has attracted an additional $937,500 in corporate contributions, the Indianapolis Chamber of Commerce said today. The contributions bring to $1.7 the total raised for Common Goal, a Greater Indianapolis Chamber of Commerce program aimed at boosting the graduation rate to 80 percent by 2012. […]
Fortune Industries Inc. said this morning that it has sold all its businesses outside of human resources, a shift in strategy aimed at reducing the company’s debt and making financial results less volatile. Indianapolis-based Fortune had operated as a conglomerate, with holdings in fields ranging from wireless services to ultraviolet printing. Financial terms of the […]
Locally based manufacturer Deflecto Corp. has told the state that it will close a plant in Indianapolis and another in Fishers, throwing a total of 219 workers out of jobs. However, the company said it may keep a small service office with about 11 employees in the Indianapolis area. Details of Deflecto’s plans were not […]
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that
began two years ago.
A not-for-profit group led by an account executive at Clayton-based Ray’s Trash Service is raising money to build a sports
complex designed for people with special needs.
Indianapolis-based Golden Rule Insurance Co. has launched a plan aimed at people who move in and out of jobs that don’t offer
health insurance.
A suburban Cincinnati construction company known for airport and interstate projects alleges the Indianapolis Airport Authority
has failed to pay on a $14.7 million contract to build aircraft parking spaces.
