Cash-strapped Arcadia seeks DailyMed buyer
The Indianapolis-based company is searching for a buyer for its once-promising DailyMed pharmacy service as it struggles to pay $30 million in debt that comes due in April.
Scott Olson
Articles
Agency endorses big cut to state horse racing’s $58M subsidy
The Indiana Inspector General recommends in a report that the annual subsidy paid to the state’s horse racing community be reduced by more than half, to $28 million.
Emmis turns to Zell to finance repurchase of stock
Under the plan, the Indianapolis-based media company will pay less than the current price of $16 a share, giving the heavily indebted company greater financial flexibility.
Lilly files suit over flea medication sales from Australia
The Indianapolis-based pharmaceutical firm claims an Australian veterinary clinic is infringing on its Comfortis flea medication’s trademark by reselling it to U.S. consumers online.
Bankruptcies decline in Indiana, nation
Indiana saw fewer bankruptcies for the fiscal year ending Sept. 30 than it did the year before, with the state improving its national ranking based on case filings.
Area residential building permits up in October
Double-digit increases in permit filings the past three months have residential construction activity in the Indianapolis metropolitan area in position to surpass last year’s pace.
West-side Godby building in foreclosure
A building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit filed by Old National Bank. The building’s tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
Empty big-box locations attracting new tenants
A plethora of space makes renting a cheaper option.
HHGregg shares surge on strong quarterly profit
HHGregg Inc.’s stock price shot up nearly 20 percent late Wednesday morning after the Indianapolis-based appliance and electronics retailer reported strong earnings.
Angie’s List losses continue to climb
In a Monday SEC filing, the company said it lost $43.2 million through the first nine months of 2011, pushing total losses since 2006 to $160.6 million. Angie’s List filed in August to go public.
East 10th Street retail gets a boost
Two veterans of vintage retail are teaming up to open a store on a near-east-side corridor that’s getting renewed attention from the 2012 Super Bowl Legacy Project.
Strategist: Uncertainty still holding back U.S. economy
In order to get the U.S. economy to grow at a respectable 3-percent annual rate, the government needs to get a grip on the debt crisis while corporations needs to start spending the money they've stockpiled.
Salvage shop opening on East 10th Street
Two veterans of vintage ware are partnering to open the store on the near-east side corridor, which has seen a spate of redevelopment tied to the 2012 Super Bowl Legacy Project.
Indianapolis neighborhood striving for LEED status
Designation to east-side project would go beyond building certification.
Real estate brokerage sues IU Health over commissions
CBRE Inc. accuses the local hospital system of cheating it out of consulting fees that could top seven figures related to several building projects.
Indoor sports complex getting $2M makeover
The Sports Of All Sorts indoor recreational facility on Indianapolis’ northeast side is undergoing a rebranding that will transform it into a restaurant and entertainment venue as well as a sports complex.
Snooty Fox restaurant closes after 29 years
The 29-year-old restaurant on Indianapolis’ north side closed on Monday, despite efforts in the spring by a cable television show to remake the English-style pub.
City taking redevelopment bids for key Mass Ave properties
The city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
Marian University locks up president with 10-year contract
Dan Elsener has been instrumental in raising millions of dollars for the Catholic institution on the city’s west side, which will launch its medical school in the fall of 2013.
Indy’s housing market posts strong September
In the nine-county metropolitan area, the number of home-construction permits filed last month increased 22 percent from the same month in 2010, while home-sale agreements rose 5.1 percent.