Macy’s store in Indianapolis set for closure
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.
Jeff Newman
Articles
Buckingham calls off plans for controversial Broad Ripple project
The proposed five-story complex, planned for the heart of Broad Ripple, drew concern from residents over potential parking issues, the height of the proposed buildings and the future of the alley running north-south through the property.
2018 Year in Review: Local firms are targets in big year for acquisitions
Several well-known Indiana companies were acquisition targets, including biotech firm Endocyte Inc., retailer The Finish Line Inc., racino owner Centaur Gaming, auto body chain Church Brothers Collision Repair, banking company MainSource Financial Group, and gas and electric utility Vectren Corp.
Spirit Airlines to launch operations at Indianapolis International
Fast-growing national low-cost carrier Spirit Airlines plans to begin operations in Indianapolis next year, beginning with nonstop flights to and from three destinations.
Giant Eagle to acquire 56-store Ricker’s chain
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
Steak n Shake offering ‘franchise partnerships’ for $10,000
Indianapolis-based Steak n Shake announced a plan Monday to dramatically change its franchising model by letting “franchise partners” take over operations at company-owned restaurants.
Allos Ventures plans $50M-plus VC fund, adds director
The 8-year-old firm, which focuses on investing in early-stage Midwestern tech companies, this week filed plans with the Securities and Exchange Commission to raise $50 million to $100 million for the new fund.
Infosys plans 125-acre technology hub on airport property, source says
The center is expected to create 3,000 jobs—1,000 more than Infosys announced last year when it said it planned to open an $8.7 million tech and innovation hub in Indianapolis. Vice President Mike Pence is scheduled to attend Thursday’s jobs announcement.
Franchisee sues Steak n Shake over pricing policy after losing money at 9 restaurants
A franchisee has filed suit against Indianapolis-based Steak n Shake in an effort to raise its menu prices because it says all of its restaurants are losing money.
Greenwood firm ensnared in case involving Manning, Al Jazeera
A private-investigations firm hired by Peyton Manning’s lawyers is facing a broadcaster’s petition to turn over information it uncovered about a documentary.
Tech vets Godfrey, Hill jump into operations at Lumavate
Local tech industry entrepreneurs and investors Bill Godfrey and Mark Hill expect their day-to-day involvement to take the Carmel-based software-as-service firm to the next level.
Former Pharmakon exec pleads guilty to 10 criminal charges
Caprice Bearden, 63, of Carmel pleaded guilty in U.S. District Court to one count of conspiracy to defraud the United States and nine misdemeanor counts related to the sale of adulterated drugs, including painkillers that were used on hospitalized infants.
LDI to lose ownership of motorsports firm that’s filed for bankruptcy
In a deal called “one of the most important” stories in the motorcycle industry this year, a company controlled by Indianapolis-based business-holding firm LDI Ltd. has filed for Chapter 11 bankruptcy after racking up about $440 million in debt.
Boudreaux a trailblazer with vast experience in health insurance industry
Gail Boudreaux’s appointment as CEO of Anthem Inc., announced on Monday, makes her the highest-ranking female executive in the health insurance industry.
Technicolor closing local operations, eliminating 125 jobs
The company once known as Thomson Consumer Electronics plans to shut down its local office in Carmel by the end of the year.
Celadon getting out of truck driver education business
Indianapolis-based Celadon Group Inc. is exiting the driver-education business, five years after spending heavily to launch the driving schools as a way to combat an ongoing shortage of qualified truck drivers.
HHGregg preparing for comeback as online retailer
A company that acquired the intellectual property rights for defunct Indianapolis-based retailer HHGregg Inc. is planning to resurrect the brand with an online business that sells electronics and appliances nationally.
Three area Sears stores set to close in January
The stores are all operated by Sears Hometown and Outlet Stores Inc., a struggling public company that was spun off by Sears Holdings Corp. in 2012.
Downtown Indianapolis condo goes for $4.8M in possible record sale
Encore Sotheby’s International Realty said the property was the largest single-family residential real estate sale in the local office’s six-year history and the largest ever in Marion County listed in the Metropolitan Indianapolis Board of Realtors database.
Noble Roman’s dumps take-and-bake restaurant strategy for new concept
The company said it took a $1.4 million loss in the third quarter from discontinuing operations in its standalone take-and-bake restaurant operations. It plans to focus on a new restaurant concept that will debut in January.