Indianapolis-based Hurco suffers largest quarterly loss since 2002
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
The firm, which had big growth plans, owes $23 million on a loan that is in default and is winding down operations.
The actions stem from a 2018 complaint filed by the Securities and Exchange Commission in which the adviser was accused of selling $13 million in risky securities to clients without disclosing that she would earn commissions on the sales.
The Dallas-based discount retail chain filed for Chapter 11 bankruptcy protection May 27, citing financial strains caused by COVID-19-related store closures.
St. Louis-based Sugarfire Smoke House has closed its downtown Indianapolis restaurant following ongoing issues with the building’s landlord.
Also this week: InCycle Strength, Rise ‘n Roll Bakery, Dancing Donuts, WB Pizza, The Mug, City Way Animal Clinics, Pet Wellness Clinics.
On Monday, Marion County entered Phase 3 of its COVID-19 reopening plan, which among other relaxed restrictions included allowing restaurants to serve patrons indoors, up to 50% of their dining-room capacity.
The IUPUI nursing professor is co-leading a study on health behaviors and health outcomes during the pandemic.
Eight Indiana-based public companies have disclosed that they qualified for more than $61 million in relief loans from a federal program designed to help small businesses.
Patachou, which operates 12 restaurants in Indianapolis and Carmel, is among a growing number of local companies that have sued their insurers for claim denials related to COVID-19 business losses.
They are working through a multitude of logistical details as they prepare to reopen for dine-in service for the first time in more than two months. They’ll be limited to outdoor seating until July 4.
IndyGo has been operating on a reduced schedule since March 29 because of COVID-19-related staff shortages and ridership declines.
The Indianapolis-based maker of oils, lubricants and fuels was among the nation’s largest recipients of Paycheck Protection Program loans, which for the most part were intended for small businesses.
The restaurant opened in 2014. The chain also has locations in Carmel, Schererville and Valparaiso.
The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.
A borrower who took out a 30-year, $200,000 mortgage in 2018 at an interest rate of 4.55% would have a monthly payment of $1,019. By refinancing into a 30-year mortgage with a 3.46% interest rate, the monthly payment would drop to $865.
The northwest-side location, in the Willow Lake East shopping center, was Bravo!’s last remaining Indianapolis location. Its parent company, Florida-based FoodFirst, filed for bankruptcy protection last month.
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
The project, similar to one under way on the east side of Indianapolis, will close lanes in both directions over different periods starting May 22.
With capacity restricted, the smallest restaurants say it’s not feasible to reopen. Others are proceeding cautiously and changing how they’ll operate.