Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
In IBJ's new video feature on front-burner business issues that vex restaurants, Regina Mehallick
of downtown's R bistro mulls the financial and personal demands of running a chef-owned eatery with a menu that changes
every week.
The company now known as Biglari Holdings Inc. on Thursday unveiled a new prototype for future Steak n Shake restaurants.
CEO Sardar Biglari said the goal is to open about 1,500 new franchise locations in the coming years.
Steak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares
begin trading under the new name on Friday.
Steak n Shake Co. doesn't operate a single restaurant in New York City, where it is hosting its annual meeting Thursday.
But the world financial capital is chock full of high-profile investors intrigued by Steak n Shake CEO Sardar Biglari's
plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.
Russel Settle, 92, was renowned for telling customers at the landmark Red Key Tavern to mind their manners in the northside
pub featured in a Dan Wakefield novel.
Departure of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall’s fourth floor, which has struggled
for years to
keep tenants.
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive
Group’s proposed development.
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement
lawsuits.
General Growth is weighing options to exit Chapter 11 protection, with competing bids from Indianapolis-based Simon Property
Group Inc. and Brookfield Asset Management Inc.
Shares of athletic retail specialist The Finish Line Inc. were soaring in after-hours trading Thursday after the company reported
strong fourth-quarter sales and a growing pile of cash on its pristine balance sheet.
Butler Automotive Group is proposing a $19 million development along Indiana 37 that could include five auto dealerships and
create about 230 jobs.
J. Smoke Wallin launches Pelican Brands LLP to help booze companies market and distribute their products after his attempts
to acquire underperforming brands fizzled due to the credit crunch.
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution
will be assisted by the building of a 12,000-square-foot facility on the northwest side.
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
Indianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue
that dropped 16 percent to $7.5 million.
Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth
Properties Inc. as early as this week.
Retail sales posted a surprising 0.3-percent increase in February as consumers did not let major snowstorms stop them from
storming the malls.
Scholars Inn’s growth engine is its wholesale bakery, which distributes granola and other
fresh products across state lines thanks
to deals with
partners like Kroger.
An All Things Automotive franchise is replacing Saturn of Fishers. The concept, aimed particularly at displaced Saturn dealers,
involves used-car sales and service bays stocked by Carquest.
