Fountain Square dance club, music venue closes
The establishment’s owner is already looking for a new occupant for the space, located in the heart of Fountain Square.
Susan Orr
Articles
UPDATE: Celadon ceasing operations, eliminating nearly 4,000 jobs
CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome.
Trucking giant Celadon preparing to file bankruptcy
The Indianapolis-based company lost its way after founder Stephen Russell gave up the CEO’s role in 2012, and three of its former executives now are facing fraud charges.
UPDATE: Former Celadon COO, CFO indicted on multiple fraud charges
In addition to numerous criminal charges, the former chief operating officer and chief financial officer of Indianapolis-based Celadon Group are facing a civil suit filed Thursday by the U.S. Securities and Exchange Commission.
Connecticut-based fun center operator eyeing Indy market
It’s part of a multi-state expansion that comes just more than a year after the original Thrillz opened. Also this week, the reopening of Cinemark 8, Kilroy’s Bar and Grill and The Boiling.
ClusterTruck, Kroger to test drive food-delivery partnership
Indianapolis food-delivery company ClusterTruck is partnering with Cincinnati-based Kroger for a pilot program that will give the grocery giant an entry into the fast-growing meal delivery market, the companies announced Monday.
CSO Architects helps drive push for Desert Storm memorial in D.C.
Plans are underway to build a national Desert Storm and Desert Shield Memorial near the Lincoln Memorial in Washington, D.C.—and the effort has Hoosier fingerprints all over it.
Calumet fined $250,000 for financial reporting inaccuracies
The fine settles U.S. Securities and Exchange Commission charges that the Indianapolis-based fuel-products refiner issued inaccurate information about its 2017 financial performance.
Chefs express surprise after ouster from Milktooth
Head chef Josh Klein and pastry chef Zoe Taylor are no longer working at Milktooth, the celebrated Fletcher Place restaurant owned by Jonathan Brooks.
Federal judge rules in Indy financial adviser’s favor in exit from firm
The ruling in U.S. District Court in Indianapolis could make it easier for brokers who switch firms to notify clients about the change without fear of legal action.
Cummins to cut 2,000 salaried positions in cost-cutting measure
Cummins said the layoffs are part of a wider effort to trim up to $300 million in costs in response to a slowdown in sales demand.
Butler University sees success with student-run insurance company
The company the school launched in 2017 insures a range of campus activities and assets, from its fine art collection and pianos to its living bulldog mascot.
Toolmaker to downsize Greenfield facility, terminate 139 employees
Connecticut-based Stanley Black & Decker said last month that it was planning to cut $200 million in annual costs “from headcount actions across the company as well as executing some footprint rationalization opportunities.”
Fast-casual Indian chain to enter Indy market
The California-based company’s local franchisee is shopping for sites downtown and across central Indiana. Also this week: Best Friends Pet Hotel, Mission 27 Resale, Rize and Dr. Tavel.
Owner seeking buyer for Lafayette Square Mall
Lafayette Square Mall is up for sale. And whether the Indianapolis-area’s third largest shopping center remains a retail property or is redeveloped into something else will be determined by the buyer.
Rolls-Royce embroiled in lawsuit over military contract
The company says the nearly $50 million it’s spent developing technology for new laser weaponry over the past decade is now threatened because of a dispute with a fellow military contractor.
Expert: Economy inching closer to downturn as workforce constrains growth
Jeff Korzenik, chief investment officer for Fifth Third Bank, told the audience at IBJ’s 2020 Economic Forecast that employers need to investigate nontraditional sources of workers to offset the weak labor market.
L.A. Fitness taking over empty north-side Marsh store
The chain’s 11th gym here will be an upscale version of what local members are used to. Also this week: Chuy’s restaurant and Vinny’s Drive Bar.
Jason’s Deli leaving Indianapolis-area market
Local closures set for Monday will leave the Beaumont, Texas-based deli chain with only one Indiana store, in Evansville.
Calumet Specialty Products sells San Antonio refinery for $63 million
The San Antonio facility has a throughput capacity of 21,000 barrels a day and produces diesel, jet fuel, gasoline and other jet fuel products.