Westfield rolls out stricter reporting rules for resale shops
The Westfield City Council approved an ordinance Monday night that requires secondhand stores, pawn shops and metal dealers to report transactions within 24 hours to an online database.
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UPDATE: Simon increases bid for Macerich to $23B in ‘final offer’
By buying Macerich, the largest U.S. mall owner would expand its holdings on the West Coast and add top-tier properties that rarely come up for sale. The offer will be withdrawn if Simon is unable to meet with Macerich to negotiate terms of an agreement by April 1.
Police stations open doors for safer Craigslist deals
Police stations across the country have started offering space for these business exchanges, saying it’s a win-win-win—strangers meet in a safe spot, police help prevent crime, and the danger of doing business on Craigslist decreases.
Lids lands Colts deal as it aims for big splash in team business
A universal digital inventory system that links customers to goods in more than a thousand Lids Sports Group stores helped the firm wrestle the Indianapolis Colts business away from locally based MainGate Inc., a national player in its own right.
Fountain Square anchor building undergoing renovation
Bryce Caldwell plans to open an Italian restaurant called Pioneer on June 1, more than three years after his original plan to launch on New Year’s Day 2012.
Big Boy owner says exec embezzled much more than estimated
Frisch’s Restaurants Inc. sued former Assistant Treasurer Michael Hudson in January, alleging that he forged payroll documents and falsified accounting entries, then diverted company funds into personal accounts over several years.
Maker-space movement touches down in Indy
The corner of Brookside Avenue and 10th Street, just off Massachusetts Avenue, could soon be the center of what city planners hope is a model to address industrial blight.
Macerich investors want more to clinch mall megadeal
Simon’s acquisition offer is only 6.6 percent higher than Macerich’s average price in the previous 20 days. One reason the premium looks miniscule is because Macerich’s stock had already jumped 24 percent since November on takeover speculation fanned by Simon.
Auction set to liquidate Clark Appliance inventory
An auction to liquidate millions of dollars in inventory from now-defunct retailer Clark Appliance has been scheduled for March 28-29, Indianapolis-based Key Auctioneers announced Friday.
Pizza joints, brewery rekindle West Clay retail hopes
Beer and pizza—a classic combination and a pairing that might help revive the retail portion of the Village of West Clay in Carmel.
Macerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.
Former Frisch’s exec denies embezzlement allegations
A former top executive at the Cincinnati company behind dozens of Frisch's Big Boy restaurants is denying that he embezzled $3.3 million as the company alleges.
Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Indiana lawmakers advance rules for e-cigarette liquids
Several owners of vaping-related businesses told Senate committee members it would cost them thousands of dollars to comply with the proposed regulations.
Target to cut $2 billion in costs, thousands of jobs
The Minneapolis-based discounter with 12 Indianapolis-area stores hopes to become more agile to compete in an increasingly competitive landscape and appeal to shoppers who are buying and researching on their mobile devices.
El Rodeo owners sentenced to home detention for theft
Their chain of 26 restaurants, which operate in 10 Indiana counties under the names El Rodeo and El Jaripeo, failed to report an estimated $22.7 million in sales between 2010 and 2012, prosecutors said.
Debate on cold medicine prescriptions lingers
Lawmakers involved in the debate over how to curb Indiana's methamphetamine problem say a bill that would require drug felons to get a prescription before buying common cold medicine is likely just another step toward an eventual prescription requirement for all consumers.
Startup Handcrafted Beverages takes on Big Soda
Founder Jerry Rezny thinks craft soft drinks can disrupt the soft drink industry just as craft beer shook up establishers brewers.
Round-the-clock dental practice sees opportunity in the wee hours
24 Hour Dental Care has seen 550 patients since opening on Virginia Avenue Dec. 15.
Simon forming $1.8B joint venture with retailer Hudson’s Bay
Simon, the biggest U.S. mall owner, will contribute $278.5 million and have a stake of 20 percent in the joint venture with Canada’s oldest company.