Fraud could be to blame for unexpected spike in Indiana jobless claims
While the United States issued a better-than-expected jobs report Thursday morning, Indiana reported a spike in initial unemployment claims that defied reasonable expectations.
Jeff Newman
Articles
Indy-based Knowledge Services acquires Fishers building for new HQ
The company, which provides workforce management services, said it is investing $15.1 million overall to acquire and renovate the 165,000-square-foot building, where it will move 130 employees.
Q&A: Grocery/cafe offers food in a desert
In its ongoing effort to provide more food access to marginalized local neighborhoods, not-for-profit Flanner House of Indianapolis opened Cleo’s Bodega & Cafe last summer.
Pete the Planner launches ‘affordable’ financial advice service
Peter Dunn has launched Hey Money, a financial help subscription service that targets “consumers who don’t yet have the wherewithal to hire a fee-based money adviser.”
Local sports-talk radio show ‘Query & Schultz’ canceled
The nearly 9-year-old radio show, which filled the 3 p.m.-to-7 p.m. drive-time spot on WNDE-AM 1260, was hosted by Jake Query and Derek Schultz.
UPDATE: Church buys former Marsh in Broad Ripple for $7.6M, plans Midtown campus
The sale of the 6.6-acre property included the 57,000-square-foot store on Keystone Avenue. Traders Point Christian Church plans to create an 800-seat auditorium and spaces for children and teens.
Indianapolis company a leader in getting Baby Yoda products to market
Trends International LLC announced Thursday that it has already launched three different posters featuring the Baby Yoda that can be purchased online in time for Christmas. Several other products will roll out after Jan. 1.
Earth Fare closing all three Indianapolis-area grocery stores
The chain, which specializes in organic and natural food, plans to close its stores in Carmel, Noblesville and Greenwood on Jan. 11.
UPDATE: Former Celadon COO, CFO indicted on multiple fraud charges
In addition to numerous criminal charges, the former chief operating officer and chief financial officer of Indianapolis-based Celadon Group are facing a civil suit filed Thursday by the U.S. Securities and Exchange Commission.
Q&A: Nick Hubbard on what’s hot—and cold—in coffee
Nick, the son of Hubbard & Cravens Coffee and Tea co-founder Rick Hubbard, went into banking after graduating from Miami University of Ohio in 2003 and thought he’d stay there. Now he’s president.
Indiana Members Credit Union acquiring community bank for nearly $35M
The Indianapolis area’s largest credit union is joining a small but growing movement in the financial services industry by agreeing to acquire a community bank.
Ford Motor unit acquires DoubleMap successor Journey Holding
Journey Holding Corp.—formed this year through the merger of fast-growing Indianapolis-based tech company DoubleMap Inc. and Salt Lake City-based Ride Systems LLC—is being acquired by a transit-systems technology unit of Ford Motor Co.
Butler Toyota acquired by Georgia-based dealership giant
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
Five more Scotty’s Brewhouse locations call it quits
The corporate owner of many of the remaining Scotty’s Brewhouse restaurants said it had closed all of its operations. The decision leaves less than a handful of independently owned Scotty’s locations.
Real estate company sues law firm over HHGregg property deal gone awry
A Carmel-based plaintiff has filed a lawsuit against Krieg DeVault, alleging the Indianapolis-based law firm’s failure to file a property deed in 2003 in a transaction involving defunct retailer HHGregg could now cost the real estate company millions of dollars.
KAR leader Hallett ‘extremely happy’ with spinoff of IAA business unit
The separation of KAR Auction Services and Insurance Auto Auctions is already creating shareholder value, CEO Jim Hallett said.
City expands pilot program in reaction to Walmart closure
City of Indianapolis officials on Wednesday decided to add more stores to a yet-to-be-launched food-insecurity program after learning that a Walmart Neighborhood Market on the far-east side was preparing to close.
Q&A with John Bales, founder of Biodynamic Ventures
Bales is among a growing number of entrepreneurs trying to get in on the ground floor of what is being called the “green rush.”
Steak n Shake in growing legal battle over overtime pay
Steak n Shake is already on the hook for $7.7 million judgment after a jury found the burger chain improperly failed to pay overtime to 286 restaurant managers. Meanwhile, plaintiffs in an even larger second lawsuit are taking aim at CEO Sardar Biglari.
Cincinnati-based tire chain plans seven area stores
Tire Discounters Inc., which has grown into one of the country’s largest independent tire dealers over the past decade, is rolling into the Indianapolis area this year with multiple locations.