Lechleiters, Lilly Foundation give $10 million to United Way
Eli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged $5 million to the United Way, an amount matched by the Eli Lilly and Co. Foundation.
IBJ Staff
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Steak n Shake same-store sales streak ends after 29 quarters
Steak n Shake same-store sales slipped 0.7 percent in the latest quarter as customer traffic at those locations fell 2.1 percent. The decline ended a streak that started in 2009.
Greenwood OKs TIF funds for $7M distillery, restaurant
The Greenwood Redevelopment Commission on Tuesday approved a tax-increment financing plan for a business group that wants to build an alcohol distillery, brewery and restaurant on a 12-acre site along Main Street, east of Interstate 65.
Delta grounds flights due to IT problems
The Atlanta-based airline told customers via tweet that its computer systems were down "everywhere" and "hopefully it won't be much longer."
PROXY CORNER: Stonegate Mortgage Corp.
Indianapolis-based Stonegate Mortgage Corp. finances and services residential mortgages originated through the company’s retail offices and by third parties.
EDITORIAL: Republicans miss an opportunity
Though Hoosier Republicans are fortunate to have had people the caliber of Suzanne Crouch, Sue Ellspermann, Susan Brooks and Becky Skillman available to run for statewide office, the party faithful might legitimately ask why such talent never seems to rise to the top.
Stonegate Mortgage reports big second quarter loss
The Indianapolis-based company’s CEO attributed the $17.2 million loss to “continuing volatility within the financial markets.”
Calumet takes huge quarterly loss after selling refinery
Calumet Specialty Products Partners LP took a huge loss in the second quarter, mostly due to the company’s divestiture of a money-losing refinery in North Dakota.
HHGregg loses money again, but tops analyst expectations
HHGregg Inc. failed to turn a profit for the 11th straight quarter as sales at the Indianapolis-based retail chain continued to fall, but the company did see some improvement in key financial categories.
Alaska Airlines to offer nonstop service from Indy to Seattle in 2017
The new direct and daily service is the first year-round flight to the West Coast high-tech hub in Indianapolis history, local airport officials said Wednesday.
KAR Auction sees higher profit on big rise in revenue
The used and salvaged vehicle auctioneer posted revenue of $771.8 million in the second quarter, up 17 percent from a year ago.
Retailer HHGregg takes interim label off Riesbeck’s titles
Indianapolis-based HHGregg officially named Robert Riesbeck president and CEO on Monday. The executive joined the company in 2014 as chief financial officer.
FlashPoint adds to client base with California acquisition
Indianapolis-based leadership consulting firm FlashPoint Inc. closed on the acquisition of Sonoma Leadership Systems on Sunday.
Thomas to step down after 10 years at International Center
President and CEO Diane Thomas said she accepted a 27-month assignment to serve with the Peace Corps in the Ukraine starting in March. The center said it will try to find a successor by December.
Interactive Intelligence shares soar after Reuters report
Shares in Interactive Intelligence Group Inc. jumped nearly 20 percent Friday after Reuters reported that the Indianapolis-based software firm was exploring “strategic alternatives,” including a potential sale.
Kite Realty tops Wall Street expectations in 2nd quarter
Kite Realty Group Trust lost money in the second quarter but beat analyst expectations when it came to revenue and funds from operations.
EDITORIAL: Good planning paved way for graceful handoff at Eli Lilly
Lilly tends to pull off these transitions with a minimum of drama, which is to its credit, thanks to its meticulous CEO succession planning and the board’s preference in recent decades for internal candidates who already know the Lilly way.
Design for TWG’s $70M Park at Pulliam Square receives approval
City approval of the design paves the way for TWG Development LLC to begin construction this fall on the downtown project at 307 N. Pennsylvania St.