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Finish Line Inc. plans to close as many as 20 of its roughly 700 stores this year, but also hopes to open about 15 stores based on a smaller prototype aimed at generating more sales per square foot. A day after the Indianapolis retailer reported a $38.6 million loss in its fourth quarter, CEO Alan […]
JPMorgan Chase has cut 100 workers from its downtown operations in Chase Tower, according to spokeswoman Nancy Norris. All of the workers are in Chase’s home-equity lending processing area, Norris said. Chase eliminated another 350 workers in other cities, primarily in Rochester, N.Y. The cuts are “due to the slowdown in home-equity lending,” Norris said. […]
Playbill.com reports that “A Christmas Story,” the Jean Shepherd-based film that put Hoosier holidays on the pop-culture radar, is being developed as a stage musical. Already in my head, I’m hearing the song “Lick the Pole” sung to the “Little…
Rising material costs have caused Thompson Thrift Construction Inc. to alter plans for a children’s museum and hotel it is building in Terre Haute, reports The Tribune-Star. Costs for the children’s museum, which is next to a Candlewood Suites that Thompson Thrift also is building, have gone over estimates by 12 percent. The Terre Haute-based […]
The city next week will consider an ordinance making sidewalks a requirement for any new project in Marion County. When the ordinance was initially heard last October, officials from several…
Indianapolis-based Finish Line Inc. late this afternoon reported a fourth-quarter loss of $38.6 million, thanks in large part to an $81.5-million charge related to its escape from an ill-fated merger agreement with Tennessee-based Genesco. Even without the charge, the quarter was tough for the athletic retailer. Comparable-store sales dropped 6 percent, keeping alive a two-year […]
Today I noticed in another publication that a fully-professional arts organization in town was referred to as a “community theater.”
I brought this up at lunch and an arts professional dining with me said something to the effect of “Yes, a…
Warsaw-based Symmetry Medical Inc., which makes implants, surgical devices and medical cases for the orthopedics industry, plans to add 60 workers as part of a $6.2 million expansion, the Indiana company said today. Symmetry will receive $127,000 in incentives for training in supplemental math, second languages, equipment maintenance and manufacturing processes. About 400 of the […]
The Indy Racing League late yesterday finalized a deal worth $3 million annually over the next few years that will essentially make DirecTV the series’ presenting sponsor. The California-based satellite television service provider…
It hardly seems like a week goes by anymore without another story about someone sliding into a suburban
retention pond and losing their life or at least coming uncomfortably close.
Some ponds have become dumping grounds for cars, and now Plainfield…
A Texas judge has sided with Clear Channel Communications Inc. in ordering several banks to fund the proposed $19 billion buyout of the San Antonio media company. In Indianapolis, Clear Channel owns rock powerhouse WFBQ-FM 94.7, alternative rock station WRZX-FM 103.3 and WNDE-AM 1260, which broadcasts a sports format. Clear Channel announced the ruling this […]
Wabash National Corp. is building a $25 million semi-trailer manufacturing plant in Franklin, Ky., rather than in its headquarters city of Lafayette because a persistently low unemployment rate drove up wages and complicated efforts to hire workers. Wabash CEO Dick Giromini told analysts in a recent meeting that the lower costs in Kentucky would help […]
Applewood Cinema, an Anderson theater that shows second-run movies, is closing because of the weak economy, according to The Herald Bulletin of Anderson. The rise of home entertainment also is thought to have hurt the theater. Owned by Michigan-based Goodrich Quality Theatre, Applewood had switched in 2004 to showing films that had appeared six to […]
Dutch Housing Inc. will close a manufactured housing plant it operates in LaGrange, the LaGrange-based company disclosed in a filing with the state. The closing will throw 250 employees out of work. Company officials were not immediately available for comment. Dutch Housing is owned by publicly traded Champion Enterprises of Troy, Mich.
Racial drawings and messages were found in a public men’s restroom at Methodist Hospital, according to a statement from Clarian Health, Methodist’s parent organization. Clarian Health’s top officials sent a letter to employees Tuesday to condemn the drawings, threaten disciplinary action and ask for information about their origin. The letter said that “steps were immediately […]
The Indianapolis Colts are inviting fans to create a logo of a horse that is “unique, versatile and fun” for the team’s Design a Horse contest. The Colts will use the winning design…
Only a few Hoosiers are among the 585 people Regions Financial Corp. laid off yesterday after absorbing rival bank AmSouth. Regions, based in Birmingham, Ala., employed about 33,000 people in 16 states before the cuts. The bank has about 250 employees in Indianapolis, and about 680 statewide. AmSouth also is headquartered in Birmingham. Three positions […]
IBJ reporter Jennifer Whitson has a scoop on developments at the in-the-works IMA Art and Nature Park. I temporarily turn the blog over to her:
The proposed 1,200-foot walkway and bridge by artist Mary Miss slated to swoop down from IMA’s…
The state of Indiana is satisfied with the results of Marion County’s property reassessment. This morning, the Indiana Department of Local Government Finance approved the new assessment of local residential, commercial and industrial property values via a letter to Marion County Assessor Greg Bowes. IBJ obtained a copy through a public records request. Gov. Mitch […]
Democratic candidate for governor Jim Schellinger wants to base economic development on a bottom-up style that includes work-force training, small-business advancement and pushing green jobs and buildings. Schellinger, president of CSO Architects in Indianapolis, is scheduled to unveil his plans at an early afternoon news conference at the Statehouse. IBJ obtained an advance copy of […]
