Rolls-Royce pursues big contract that could boost local jobs by 150
Rolls-Royce announced Monday that it intends to bid on the Air Force’s B-52 bomber re-engining program, which would extend the fleet’s life until 2050.
Susan Orr
Articles
Rebar Indy to relaunch in downtown location under new ownership
Formerly of Mile Square Bistro and The Vanguard, chef Charles Mereday plans to debut his revised version of the upscale burger and beer joint as soon as this weekend.
Morgan Stanley’s Kathy Birk is a by-the-book ‘maverick’
When Kathy Birk retires next month as manager of Morgan Stanley’s local operations, she’ll achieve a rare milestone in a stressful industry where most people wash out or get fired first.
Mexican-fusion eatery Comida opens in The Ambassador
The space just north of Central Library formerly housed Plow & Anchor and other restaurants. Also this week: The Barre Code, Orangetheory Fitness, Target and Claire’s.
Kite Realty to unload up to $500M in properties
The Indianapolis-based retail real estate firm hopes to pay down debt, improve the quality of its assets and focus on preferred markets. Its shares fell on Wednesday after it revealed the plan and underwhelming quarterly results.
FullBeauty Brands exits bankruptcy in record time, adds ‘transformation’ officer
Freshly emerged from what’s believed to be the fastest Chapter 11 bankruptcy case ever, online retailer FullBeauty Brands has hired a new executive to help the company reshape itself.
Chef Greg Hardesty’s latest kitchen project has ‘anything goes’ approach
It’s clear what chef Greg Hardesty’s newest venture, Studio C, is not: a traditional restaurant. But labeling what it is—well, that’s more difficult.
82nd Street eatery to pair doughnuts, beer
The unlikely combination is designed to appeal to daytime and evening customers. Also this week: LouVino, King Dough, Osteria Pronto and Taco John’s.
Former powerhouse investment broker Buck sentenced to more than 3 years in prison
The case against the former star Merrill Lynch broker centered on his practice of keeping clients in commission-based accounts even as the securities industry moved toward fee-based accounts, which in many cases were cheaper for clients.
Scotland-based craft-beer maker planning bar in Fountain Square
Established in 2007, BrewDog has 65 locations around the world, including 34 bars it opened last year. Indianapolis will be the second U.S. city to have a BrewDog bar.
Hoosier State train route could derail without state cash
Supporters are fighting for continued public funding of the Indianapolis-to-Chicago rail service—even as they acknowledge the route’s travel times and ridership levels need improvement.
District Tap eyeing expansion into downtown Indianapolis
The north-side restaurant’s owners want to create a location in the former space of Broken English Taco Pub, but their plans have been complicated by a proposed patio door.
Cummins says sales growth to slow after robust 2018
The Columbus-based engine-maker, which saw revenue increase 16 percent last year, expects revenue in 2019 to fall between flat and up 4 percent.
Small firms put out for-sale signs
In central Indiana and nationwide, a number of small companies are changing hands right now—and for a variety of reasons. Among them: a strong economy, plentiful buyers and an aging population of owners who are eyeing retirement.
Local tax prep firm barred from doing business for fraudulent returns
A federal judge says the firm and its owner filed hundreds of fraudulent returns that cheated the government out of more than $1 million in tax revenue.
Indianapolis-based mAccounting acquired by Oregon firm
Portland-based InDinero’s purchase adds 36 employees, including 17 CPAs, to its 200-person workforce.
Apparel retailer with hundreds of Indy employees files for bankruptcy
Debt-burdened FullBeauty Brands has a restructuring plan ready to go that would turn over ownership to its creditors. But a federal trustee wants to tap the brakes.
Get up to speed on the last leg of I-69 construction
At long last, Interstate 69 is getting real for Marion, Johnson and Morgan counties.
Helium Comedy Club set for March opening
The club, which will be the chain’s fifth, will open with a headliner who was part of the Saturday Night Live cast. Also this week: Books & Brews, Sushi Boss and Farrell’s eXtreme Bodyshaping.
UPDATE: Scotty’s Brewhouse founder faces new investor lawsuit for alleged fraud
The suit against Scott Wise alleges that two investors lost more than $1 million they had invested, due to Wise’s misleading statements and shares that were never properly registered. Wise said he didn’t mislead any investor in Scotty’s Brewhouse.