Ex-Ovation CFO gets suspended sentence in $600,000 embezzlement scheme
Investigators said Alfred Talens used money from a wealth management client to pay living expenses, rather than to invest in the Indianapolis-based audio and video business.
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Movie theater, bowling combo proposed for Carmel
Frank Theatres CineBowl & Grille would include 16 lanes of bowling, 10 auditoriums, a video gaming area, and a restaurant featuring indoor and outdoor seating.
Five Seasons owner seeks to rezone Carmel site for possible development
The company wants to rezone the 15.4-acre site from residential to commercial to prepare it for possible redevelopment as an office park.
Louisville fried chicken chain plans Indianapolis location
Joella’s Hot Chicken, a Louisville-based restaurant chain with four locations in Kentucky, is planning to open an Indianapolis eatery and bar in mid-September, it announced Monday.
HHGregg prevails in appeal over managers’ bonuses
HHGregg Inc. senior managers are not entitled to share in $40 million in life insurance proceeds from the 2012 death of executive chairman of the board Jerry Throgmartin, the Indiana Court of Appeals ruled Friday.
Back-to-school retail spending predicted to rise 11 percent
Families are more confident about the economy and ready to stock up on supplies, according to a survey from the National Retail Federation.
HHGregg nixing Indy distribution operations, cutting 40 workers
The struggling, Indy-based retailer says the move is part of a larger strategy that could save as much as $25 million over two years.
Roundup: Patachou readies for Carmel move; Penn & Palate closing downtown
The Cafe Patachou at 126th and Gray Road will move this fall to a new locale in Carmel. In downtown Indianapolis, sushi joint Asian Harbor is opening while Penn & Palate says goodbye.
Marsh closes east-side store with another in New Castle to follow
The local supermarket chain chose to shut the doors to its East Washington Street and German Church Road store instead of renewing its lease.
Drug company plans $55M Whitestown distribution center
AmerisourceBergen Drug Corp. plans to have 120 full-time employees at the facility by the end of next year.
Roughly $4.5M in projects near Greenwood’s airport ready for takeoff
The two projects involve construction of an office-warehouse building and renovation of a strip center housing Oaken Barrel Brewing Co.
Environmental firm expects big growth in new HQ on hot corridor
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.
Zionsville approves Wal-Mart’s store plans from 2006
The decision came in response to a recent court ruling ordering the town to accept the giant retailer’s plans for a store on a 22-acre property on Michigan Road north of 106th Street.
Grocery wholesaler to lay off 187 after losing Marsh contract
C&S Wholesale Grocers Inc. says it will eliminate 187 jobs in Indianapolis and Yorktown because its contract with Marsh Supermarkets Inc. is coming to an end.
Sun King beer makes statewide move to grocers’ shelves
With $2 million in improvements to its Indianapolis brewery, Sun King now plans to distribute its Sunlight Cream Ale and Wee Mac Scottish Ale to grocery and convenience stores across Indiana.
Colts sign new lease for airport hanger after paying for improvements
The Indianapolis Colts organization is getting a break on rent for its 20,000-square-foot hanger at Indianapolis International Airport after doing some rehab work.
Chicago’s new older smoking age could increase Indiana sales
Chicago's move to raise the minimum age to purchase cigarettes to 21 could increase smoke shop sales in northwestern Indiana, experts said.
Fishers gets clearance to open airport land for offices, manufacturing
Fishers officials have drafted a plan to market 211 acres at Indianapolis Metropolitan Airport for commercial development. The Indianapolis Airport Authority gave its blessing Friday morning.
Area home builders off to best first half since 2007
Area filings have risen on a year-over-year basis for the past seven months.