Steak n Shake suffers first quarterly loss since last decade
Third-quarter revenue and customer traffic also declined for the Indianapolis-based restaurant chain.
IBJ Staff
Articles
Anthem confirms appointment of Boudreaux as CEO
Former UnitedHealth Group executive Gail Boudreaux, 57, is succeeding Joseph Swedish, 66, who will serve as executive chairman until mid-2018.
Report: Swedish to step down from Anthem
The Wall Street Journal reports that the Indianapolis-based insurance giant will name Gail Boudreaux, a former CEO of UnitedHealthcare, as its new chief executive.
EDITORIAL: Crunch time for Indy soccer
Today, the Indy Eleven’s bid to join Major League Soccer is considered a long shot. It needs a quick jolt if the city wants to win.
Visit Indy earns big win after long pursuit
Visit Indy signed a deal to host the American Wind Energy Association Windpower Conference & Exhibition June 7-10, 2021, in the convention center.
Dora Hotel Co. managing Carmel Holiday Inn
The deal is the first between Dora and hotel owners Frank and Danette Kennedy, a father-daughter duo, of HC Carmel LLC.
Torch relay cited as top promotional campaign
The Indiana Office of Tourism Development was awarded Best Public Relations Campaign for the Indiana Bicentennial Torch Relay at the U.S. Travel Association’s 2017 Mercury Awards ceremony last month in Minneapolis.
UPDATE: Indy-based health insurer MDwise to be acquired by Michigan firm
After the deal closes, the insurers are expected to collectively cover more than 620,000 people and generate annual revenue approaching $6 billion.
Indian engineering firm plans to open 500-worker North American HQ in state
Axiscades, which provides product engineering to firms in a variety of industries, plans to decide by the end of the year where in Indiana it will put the operation.
IU experts expect Indiana’s economy to outpace nation’s in 2018
In their annual Business Outlook forecast, Indiana University Kelley School of Business economists say employment gains will fuel economic growth in 2018.
Downtown’s Cadillac Ranch restaurant and bar closes
Owner Granite City announced the closure Wednesday, along with three Granite City restaurants in two Midwestern states. Adjoining lounge Bartini’s also closed.
Allison Transmission raises forecast after solid quarterly report
Allison Transmission Holdings Inc. raised its full-year sales projections after reporting better-than-expected revenue and earnings in the third quarter.
KAR tops quarterly expectations with rising revenue, earnings
The Carmel-based vehicle reseller increased its full-year earnings forecast after seeing a 15 percent increase in third-quarter profit.
Plus-size retailer spending $2.8M to open Greenwood center, create 872 jobs
Dia&Co says it will employ 500 workers in the next four years at the distribution hub. An additional 372 employees could be hired at a planned customer service center, according to an agreement with the state.
Former heavy-hitter stockbroker Buck charged with fraud
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is now facing serious prison time, according to federal officials.
Celadon gets six-month extension from NYSE to avoid delisting
The extension gives Celadon until May 2 to file several delinquent quarterly and annual financial reports with the Securities and Exchange Commission.
Crackers comedy club in Broad Ripple closes doors
The club, which opened in 1982, no longer is hosting comedy acts, although the downtown location remains open.
Tens of thousands of visitors expected for Chinese Lantern Festival
The Indiana State Fairgrounds & Event Center is set to host a six-week festival that has attracted as many as 100,000 visitors in other markets.
Simon tops quarterly expectations, raises full-year guidance
Shares in the Indianapolis-based shopping mall owner slid Friday morning despite a mostly positive quarterly financial report. A negative quarterly report from J.C. Penney was the likely factor.